Southern Europe
SPAIN - Pontia Capital sells stake in Nobeltours
It is understood that private equity firm Pontia Capital has sold its 50% stake in tour operator Nobeltur back to its founders, the Peregrín Brothers.
LP perspectives
Following the downturn in the markets, the balance of power between GPs and LPs has shifted, giving LPs greater control. Deborah Sterescu speaks to three LPs to find out how their strategies and attitudes have changed
ITALY - Stirling Square-backed Sicurglobal acquires Mega Italia
Security specialist Sicurglobal, controlled by UK-based private equity house Stirling Square Capital Partners, has acquired security system integration firm Mega Italia.
SPAIN - Mediterrània acquires 49% stake in Agrolito for EUR 2.9m
Riva y García has acquired a 49% stake in agribusiness Agrolito, for EUR 2.9m via Mediterrània Capital fund.
CYPRUS - Platina secures project financing for EUR 170m wind project
Platina Partners LLP has secured the financing required for the development of an EUR 170m wind farm project in Cyprus, from EIB, Commerzbank, ING and NordLB. The 82MW Orties project will be Cyrus' first wind farm.
EUROPE - Osmosis appoints Agentius as fund adminstrator; bolsters team
London-based asset manager Osmosis Capital LLP, has appointed Augentius Fund Administration as the administrator for its forthcoming fund-of-funds.
Global - BC Partners writes up value of 2005 fund by almost 25%
Private equity firm BC Partners has reportedly marked up its current fund by almost a quarter in the first half, restoring it to face value.
ITALY - Bain Capital pulls out of talks with debt-laden Safilo
Bain Capital has withdrawn from takeover discussions with the debt-laden eyewear manufacturer Safilo.
EUROPE - Foresight appoints new sales director
VCT manager Foresight has hired Meredith Lee as sales director, based in the firm's Sevenoaks office.
GLOBAL - Calpers private equity assets plunge 23%
CalPERS' private equity assets have fallen 23% in the last year, the worst annual decline the nation's largest public pension fund has ever reported.
SPAIN - Miura acquires 60% stake in Proytecsa
According to reports, Miura Private Equity has acquired a 60% stake in security systems specialist Proytecsa for an undisclosed amount.
ITALY - SICI launches new fund
Sviluppo Imprese Centro Italia (SICI) has launched Toscana Innovazione, a new €44m fund subscribed to by the financial institution of the Tuscan Region and the Cameral System.
GLOBAL - KKR to merge with KPE
Kohlberg Kravis Roberts & Co (KKR) and Amsterdam-listed vehicle KKR Private Equity Investors LP (KPE) has obtained the necessary approvals to go through with the merger reported on unquote" news last month.
GLOBAL - Capital Dynamics acquires Silicon-Valley based HRJ
Capital Dynamics has confirmed the take-over of Silicon Valley-based HRJ Capital's private equity and real estate fund-of-funds, as reported on unquote" news in April, following the consent of the LPs of HRJ's funds.
SPAIN - Next acquires 50% stake in Dileoffice
According to reports, Next, the private equity arm of the Alicante region, has acquired a 50% stake in office furniture manufacturer and distributor Dileoffice, via a EUR 3.4m capital increase. The balance is retained by the company's founders.
ITALY - PAI drops out of Safilo process
It is understood that PAI Partners has withdrawn its offer to acquire a stake in eyewear manufacturer Safilo.
GLOBAL - LP demand for responsible investment rising
According to a survey published today as part of a guide to responsible investing in pirvate equity, 93% of institutional investors would expect all their potential and future GPs to respond to questions surrounding environmental, social and governance...
SPAIN - Nauta reaches first close at EUR 50m
Nauta Capital has reached a first closing of its third fund on EUR 50m. A second closing on the target of EUR 100m is expected in the coming months.
UK/DENMARK - Index leads £10.5m Just-Eat funding
Index Ventures, alongside Venrex Investment Management and existing shareholders, has led a series-A funding round for online meal order business, Just-Eat, raising ТЃ10.5m.
ITALY - Foresight signs project financing for 6MW Puglia solar project
Foresight Group has signed a €25m project financing with West LB and Barclays as mandated lead arranger for the financing of a 6MW solar PV project to be constructed in the Puglia region of Italy.