Southern Europe
SPAIN - Cross Road Biotech gets green light from CNMV
Cross Road Biotech has received the proper authorisations from the CNMV and has been formally registered as a private equity firm. The company is led by Enrique Castellón.
SPAIN - Doughty Hanson presents offer to Seur
According to reports Doughty Hanson has bid approximately EUR 1bn for a 52% stake in Spanish courier group Seur. Investment bank Arcano is handling the process.
SPAIN - Sabadell acquires 4.9% of Antena 3
BIDSA, the development capital arm of Banco Sabadell, has acquired a 4.9% stake in TV station Antena 3 from Grupo Rayet in a deal valued at EUR 84.8m.
SPAIN - Bullnet backs video game developer
Bullnet Capital has acquired Invertec’s stake in video game developer Digital Legends, also subscribing to a capital increase.
Aestival reflexions
Southern Europe continues to see activity. However, levels are a far cry from the heady days of yesteryear. That said, prices are still readjusting - one just has to look at the failed Cavalli deal to be reminded of the changing paradigm in which the...
A private affair
With deal opportunities constricted, AIM and the FTSE 250 have become a more attractive hunting ground for investors