Southern Europe
Not mezz-ing around
Now that the door has firmly shut on cheap debt and new types of junior products, mezzanine has a way into capital structures again. But it still faces competition and challenges in today's market. Linn Ronning speaks to mezzanine specialists to find...
EUROPE - Mezz cashes in on new markets
One man’s loss is another man’s gain and nowhere is this clearer than in the subordinated debt market right now. Anecdotal evidence suggests the layer is set for its headiest days yet, with mezzanine now accounting for up to 2x EBITDA on average in...
SPAIN – Iame launches Brand Capital
Iame Capital Riesgo has launched Brand Capital Made in Spain (BCS), a EUR 500m fund designed to invest in the Spanish fashion, jewellery, and leather sectors.
ITALY – Apax and TA Associates to acquire minority stake in Weather Holding
Market rumour suggests that Apax and TA Associates could be ready to pay EUR 900m for a 10%-15% stake in Egyptian magnate Naguib Sawiris' Weather Investments Holding.
SPAIN – Sasor acquires 60% of renewable energy player
Prestige Group, through its private equity arm Sasor, and Grupo Inland have acquired 60% and 40% respectively of engineering firm Abrasolo, in a deal valued at EUR 15m.
PORTUGAL – Explorer to acquire recycling company
According to a note from Portuguese antitrust authorities, Explorer Investments is readying to acquire recycling firm Constantino Fernandes Oliveira & Filhos.
SPAIN - Pay-per-view channel could awaken private equity interest
Reports suggest that potential buyers for pay-per-view channel Digital+ could include Apax and Permira, who are both active in the audiovisual sector, as well as other European investor groups.
ITALY - Sator completes capital increase
Sator has announced the completion of a capital increase, with 10% of its shares being placed with a group of nine Italian and international investors, which each subscribed to 1.1% of Sator’s capital.
ITALY - ICON invests in AriaDSL
A consortium led by Russian group ICON Private Equity and Goldman Sachs has acquired a majority stake in telecommunications company AriaDSL, in a deal valued at EUR 100m.
PORTUGAL - EIF launches dedicated Portugal fund-of-funds
The European Investment Fund, alongside leading Portuguese financial institutions and the Portuguese State, has launched the Portugal Venture Capital Initiative, a EUR 111.3m dedicated fund-of-funds and co-investment programme focused on Portuguese funds...
ITALY - Cape increases its stake in Castaldi
Cape Natexis has acquired the 22.5% stake held by the founding family of lighting fixtures company Castaldi, in which it is already a majority shareholder.
ITALY – Ferax acquires Lazzaroni
Ferax Merchant has acquired approximately 90% of biscuit manufacturer D Lazzaroni & C in a deal valued at EUR 25m. The remaining stake will be held by the family vendors.