Southern Europe
Growing pains
The mid-market appears to be in relative good health and Southern Europe continues to clock up deals - even sizeable ones: as highlighted by the EUR1.1bn injection into Italian telecom holding Weather Investments by Apax, Madison Dearborn and TA Associates....
ITALY - Candover acquires 40% stake in Technogym
According to reports, Candover has acquired a 40% stake in fitness equipment supplier Technogym.
SPAIN - 3i backed-Global Energy Services acquires WKA
3i backed-Global Energy Services (GES) has acquired 100% of German maintenance company WKA-Service Fehmarn. 360 Corporate and Hauck & Aufhäuser Corporate Finance GmbH acted as advisers to the transaction.
ITALY - Cape LIVE to invest EUR 5m in new SME fund
Cape LIVE is to commit EUR 5m to Equilybra Capital Partners, a private equity fund that is designed to invest in public and private SMEs.
EUROPE – EVCA appoints Andreas Schober
The European Private Equity & Venture Capital Association (EVCA) has appointed Andreas Schober, vice chairman of Germany-based Hannover Finanz, to its supervisory board.
ITALY – DGPA acquires 70% stake in industrial group
DGPA Capital has acquired a 70% stake in industrial holding Viterie Italia Centrale (VIC), with the remaining 30% being retained by the son of the founding owner, Carlo Perini.
The problem with pension funds
With pension liabilities increasing buyouts of pension funds are on the rise, but what are the implications for private equity? By Ashley Wassall
ITALY - Candover-backed Ferretti prepares flotation
According to reports, Candover-backed yatch manufacturer Ferretti has presented the Consob, the first of three documents necessary to proceed with the company’s flotation on the Mta.
SPAIN - Ibersuizas acquires 50% stake in truck distributor
Ibersuizas has acquired a 50% holding in Veinsur, the main distributor of Volvo trucks, thus strengthening its position in the automotive sector. Following the acquisition, the Carrión family will retain the remaining 50% and will continue managing the...
SPAIN - Impala reaches interim closing
Impala has reached the interim closing of its second fund on EUR 150m and is expected to reach EUR 300m by June 2009.
SPAIN - Santander, RBS and DIF Renewable Energy form joint venture
Santander, RBS and Dutch infrastructure fund DIF Renewable Energy have formed SolarCap Partners, a new joint venture aimed at establishing new solar energy projects in Greece, Italy and Spain.
SPAIN - SI Capital appoints new chairman
Spanish cleantech fund manager SI Capital has appointed Guillermo Briones as chairman.
EUROPE - EVCA publishes study on global scenario for private equity
A new report by the EVCA, Global Scenarios for Private Equity and Venture Capital, presents four potential scenarios for global economic development over the coming decade and the impact these will have on the development of the private equity industry....
ITALY - MPS Venture et al acquire Dynamic Technologies
A syndicate comprising MPS Venture, through MPS Venture 2, Palladio Finanziaria (Venice Spa), Friulia and Abacus Invest have acquired Dynamic Technologies from Absolute Venture and MPS Venture 1.
ITALY - Magenta sells Cifa to Zoomlion
Now liquidated private equity firm Magenta has sold its only portfolio company to a consortium comprising Chinese heavy machinery firm Zoomlion, Goldman Sachs Private Equity, Mandarin Capital Partners and Hony Capital, in a EUR 500m deal.
SPAIN - MCH reaches first closing at EUR 225m
MCH has announced the closing of its third fund, MCH Iberian Capital Fund III, with EUR 225m in commitments, four months after it began fundraising.
ITALY - 3i invests EUR 118m in AP Bags
3i has signed an agreement to invest EUR 118m for a 49% stake in the handbags and accessories division of Antichi Pellettieri Spa, the Italian branded leather accessories subsidiary of Mariella Burani Fashion Group. The deal will see the division spun...