Southern Europe
ITALY – Cognetas amd Investitori Associati to acquire Gruppo Argentas
Cognetas amd Investitori Associati has acquired Gruppo Argentas. The deal is set to complete in 2008.
SPAIN – Dinamia and N+1 invest EUR 55m in hotel chain
Dinamia Capital Privado and N+1Private equity have invested EUR 55m for a 52% stake in hotel chain High Tech Hoteles & Resorts.
ITALY – JC Flowers leads EUR 140m buyout of Euromobiliare SIM
JC Flowers has lead the management buyout of Euromobiliare SIM. Mid Industry Capital also participated in the deal which is reported to weigh in at EUR 140m. JC Flowers will control 50.1% of the company, with management owning a 40% stake.
SPAIN – 3i to acquire 16% in radio group
3i has reportedly committed EUR 225m to acquire a 16.2% stake in radio network Union Radio.
SPAIN – European Capital opens office in Madrid
European Capital Financial Services, a branch of American Capital, focusing on management buyout investments leveraged through mezzanine debt, has opened an office in Madrid.
ITALY – Capitalia Sofipa acquires additional 3% of ink company Kiian
Capitalia Sofipa has acquired an additional 3% shareholding in ink company Kiian in a deal valued at approximately EUR 450,000.
SPAIN – Nazca capital accelerates growth of Acens' portfolio
Nazca-backed ICT firm Acens has acquired internet company Hostalia bringing in 20,000 new clients and raising Acens' number of clients to 50,000.
ITALY- Strategia Italia invests in recreational park
Strategia Italia has taken a 33% stake in the park Laghi Baite Land in a deal valued at EUR 9m.
SPAIN – 3i names new managing director
3i has named Maite Ballester as the new managing director of its Spanish branch.
SPAIN – Landon Investments acquires Sedal in EUR 35m deal
Landon Investments has acquired ceramic plumbing fixtures company Sedal from Espiga Capital and Baring Private Equity Partners (BPEP) for EUR 35m.
SPAIN – Mercapital and Carlyle to acquire stake in Arsys.es
Buyout houses Mercapital and the Carlyle group have reportedly reached an agreement with internet company Arsys.es to acquire a 79% shareholding in the business in a deal valued at EUR 160m.
SPAIN – N+1 exits Viscofan
N+1 has sold its 5% stake in Viscofan for approximately EUR 40m reportedly doubling its initial investment.
ITALY – Cape invests in healthy living
Cape LIVE has acquired a 3% shareholding in International Bar Holding, investing approximately EUR 2.5m.
SPAIN/PORTUGAL – GED backs business support services provider
Buyout house GED has acquired a 22.97% stake in Portuguese SERLIMA in a deal valued at approximately EUR 3m.
SPAIN – Nauta Capital invests EUR 2.6m in biometrics firm
Buyout house Nauta Capital has invested EUR 2.6m in Agnitio, a biometrics security company.
SPAIN – 3i moves ahead with Café & Té
3i-backed coffee chain Café & Té is ready to expand its franchise network.
SPAIN – Demeter's third investment in renewables
French buyout house Demeter has invested EUR 16m in renewable-energy producer Ambene.
PORTUGAL/SPAIN – MCH and Explorer Investments acquire coffee distributor
Spanish and Portuguese buyout houses, MCH and Explorer Investments have acquired coffee distributor Nutricafés.
SPAIN/US – Candover rolls in for more amusement
Candover-backed Parques Unidos has reportedly approached US-based recreational player Kennywood Entertainment with a purchase offer for its amusement park holdings.
GREECE – Government takes legislative steps to prevent Marfin building stake
Marfin Investment Group will be unable to stage a hostile takeover bid for Greek telecoms group OTE following a new piece of legislation issued by the Greek government which is to limit the stakes foreign investors can hold in strategic businesses. The...
SPAIN – Applus+ to invest EUR 450m in acquisitions
Carlyle-owned Applus+ has set aside EUR 450m for acquisitions. The company aims to increase its presence worldwide and strengthen those sectors in which it is already present. The investors plan to double the company’s sales and the EBITDA by 2011 and...
ITALY – Cape Live invests EUR 4.98m in Area Impianti
Cape Listed Investment Vehicle in Equity (Cape Live) has committed EUR 4.98m to environmental company Area Impianti. The deal sees Cape Live take a 10.9% stake in the company.