Southern Europe
ITALY – Cape and Progressio complete cosmetics acquisitions
Cape and Progressio have supported the management buyout of b2b cosmetics businesses Gamma Croma and Clavis, which will be merged under the name Chromavis Gamma & Clavis Group industry.
SPAIN – ACP backs EUR 1.7m Xperience funding
Active Capital Partners (ACP), through the ACP Molins Capital Inversión fund, has participated in a EUR 1.7m series-A financing round for IT consultancy firm Xperience Consulting.
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CYPRUS - RC2 invests EUR 30m into EPH
RC2 has acquired a 21.3% stake in Cyprus-based holding company East Point Holding (EPH) for EUR 30m.
SPAIN - Mid-market remains strong
The third quarterly figures from ASCRI indicate that the Spanish mid-market remains strong in spite of the ongoing economic crisis, with deal volume decreasing by just 3% to 568 transactions.
SPAIN - Miura acquires Grupo Atrezzo in EUR 30m deal
Miura Private Equity has acquired a majority stake in mannequin and accessories business Grupo Atrezzo in a deal valued at EUR 30m, with the founders, Josep Güell and Gloria Tejeiro, retaining the balance of the equity.
SPAIN - Arques acquires Bpack
Arques Iberia has acquired transport service provider BPACK for a symbolic purchase price. The investor intends to merge the business with its existing portfolio company, ASM, which operates in the same sector and was acquired earlier this year.
ITALY - JH Partners acquires remaining 30% stake in La Perla
US-based investor group JH Partners has acquired the remaining 30% stake in portfolio company La Perla Group, a producer of underwear, from Alberto Masotti's holding company Nute Partezipazioni Holding.
EUROPE - Beechbrook launches maiden fund with USD 75m
Beechbrook Capital has launched its first fund, Beechbrook Mezzanine I LP, with an initial commitment of up to USD 75m.
EUROPE - smac partners closes new secondaries fund
Munich-based venture capital firm smac partners has closed its new secondaries vehicle, smac partners fund III, which will be advised by UK-based Headway Capital Partners.
UK/GERMANY - Electra Partners invests EUR 45m into Steadfast fund
Electra Partners has purchased a significant interest in Steadfast Capital Fund I, managed by Steadfast Capital GmbH, for EUR 45m.
ITALY - Dewey LeBoeuf appoints new partner
Dewey LeBoeuf has appointed Pierluigi De Biasi as a partner in its M&A and Private Equity practice in Milan.
ITALY - Clessidra seeks partner for Cerved deal
It is understood that Clessidra is seeking to partner with another private equity firm to present a takeover bid for business database Cerved.
ITALY - Aksia and Alcedo acquire Gimi
Private equity funds Aksia and Alcedo have collectively invested approximately EUR 28m to support the buyout of household goods manufacturer Gimi Spa, taking a majority stake in the business.
GLOBAL - CIC to increase stake in Blackstone
According to reports, Chinaтs sovereign wealth fund, China Investment Corp (CIC), is planning to increase its stake in Blackstone Group from 9.9 per cent to 12.5 per cent.
ITALY - Cape acquires ITP
Cimino & Associati Private Equity (Cape), via the Cape Natixis Due Fund, has acquired a 70% stake in textile manufacturers ITP Spa and Tessitura Imperiali Srl in a management buyout deal.
SPAIN - Sepides et al launch nanotech fund
Sepides, Sodena and Principia have launched a new nanotech dedicated fund with an initial commitment of EUR 4.5m, with the final total expected to reach the EUR 12m.
ITALY - Aletti sells Lovato Gas for EUR 63m
Aletti Private Equity has sold industrial manufacturer Lovato Gas (formerly Officine Lovato) to sector rival Landi Renzo, in a deal that values the company at EUR 63m.
ITALY - Argos Soditic and MPS bid for Sorin accepted
It is understood that a consortium led by Argos Soditic and MPS has presented a takeover offer for the renal unit of healthcare business Sorin Group, which has been accepted in exclusivity.
SPAIN - Buyout houses considering investment in Prisa
Reports suggest that buyout houses KKR, TPG Capital and Apax Partners are among several private equity groups considering an investment in media conglomerate Prisa.
ITALY - Carlyle and Bridgepoint bid for Sia-Ssb
Reports suggest the auction for credit card processing business Sia-Ssb, which is being run by Citigroup, has received six non-binding offers, with buyout houses Carlyle and Bridgepoint thought to be among the bidders.
ITALY - MPS invests EUR 10m into Neomobile
MPS Venture has underwritten a EUR 10m capital increase in B2C mobile entertainment company Neomobile, taking a 16% stake in the business.
SPAIN - Mercapital's Vital Dent offer could be accepted
Market rumour suggests that Mercapital and Merrill Lynch’s EUR 500m takeover offer for Vital Dent, an operator of dental clinics, may be reconsidered after being initially turned down by the company’s owner as it is believed to have been the highest bid...