Southern Europe
Laws of causality
What a return from the summer this has been! Curiously enough, experts now say they saw the current global financial crisis coming. If indeed their observations are not the products of hindsight, then the next logical thing to ask is how did it happen...
SPAIN - SI Capital searches for green investors in the Middle East
SI Capital has become one of the first private equity funds to approach Middle Eastern sovereign wealth funds for investment into the renewable energy sector, as it continues fundraising for its new vehicle, which is targeting a EUR 70m close by the end...
ITALY - Ambienta invests EUR 20.5m into ICQ
Ambienta SGR has made an investment of EUR 20.5m into renewable energy business ICQ Group, taking a 15.4% stake in the company. The investor has also retained the right to re-invest an additional EUR 20m at a later date to increase its stake to 26.5%....
ITALY - Clessidra acquires MPS asset management subsidiaries
According to reports, Clessidra Sgr has acquired a controlling interest in the asset management subsidiaries of Italian bank Monte dei Paschi di Siena (MPS).
EUROPE - 3i reports 40% drop in new investments
3i Plc has announced a year-on-year drop of almost 40% in new investments for the five months to 31st August, which fell to ТЃ622m in 2008 compared to more than ТЃ1bn for the same period in 2007.
EUROPE - Permira hires new senior adviser
Permira has hired David Williams as a senior adviser in the industrial and product services sector.
EUROPE - Kleinwort Benson appoints new head of alternative assets team
Kleinwort Benson has appointed Alexandre Pigault as new head of alternative assets research.
EUROPE - Private equity attracted to logistics
According to a new study by PricewaterhouseCoopers, private equity buyers are increasingly targeting investments in the transport distribution and logistics sectors.
SPAIN – N+1 to sell Atecsa
Market rumour suggests that Dinamia, a listed investment vehicle controlled by N+1, is considering a sale of its car inspection services portfolio company ITV Atecsa for a purchase price of between EUR 60m and EUR 90m.
ITALY – MPS and Arca Impresa acquire Cadey
MPS Venture SGR Spa and Arca Impresa Gestioni SGR have acquired cosmetics manufacturer Cadey in a management buy-in for an undisclosed sum.
ITALY - Arca Impresa achieves 42% IRR from Garioni SBO
Arca Impresa Gestioni SGR has sold its majority stake in engineering business Garioni Naval in a secondary buyout to Cape-Natixis valued at approximately EUR 16m, achieving a 2.5x money multiple and a 42% IRR over the course of the investment.
SPAIN - Suan Biotech leads EUR 1m Biomedal financing
Suan Biotech has led a EUR 1m funding round for life sciences company Biomedal, investing EUR 700,000, with the remainder being provided by Invercaria, the private equity investment vehicle of Junta Andalicía.
SPAIN - Doughty loses battle over SEUR
UK-based investor group Doughty Hanson has received EUR 1m in break up fees after its takeover bid for courier SEUR was matched by the incumbent shareholder Geopost, a subsidiary of French postal service La Poste.
SPAIN - Hutton invests EUR 31.5m into Everis
Hutton Collins has invested EUR 31.5m into IT consultancy firm Everis, increasing its stake to 10.84% and becoming its third largest shareholder. The balance is retained by the management and staff (64.03%), 3i (18.33%), Grupo Landon (6.34%) and other...
EUROPE - European Commission to discuss transparency proposals
The European Parliament today voted to send the Lehne and Ramussen reports on the transparency of institutional investors to the European Commission for discussion.
GLOBAL - Permira appoints senior adviser
Permira has appointed David Williams, former CEO of SIG Plc, as senior adviser.
EUROPE – European Parliament demands greater transparency
MEPs are demanding tough new regulations to force greater transparency from hedge funds and private equity groups.
SPAIN - Santander suspends fundraising for fund-of funds
Santander has suspended the fundraising of its fund-of-funds vehicle Santander Private Equity II due to a lack of interested investors.