Southern Europe
SPAIN – Clave Mayor-backed Red Karaoke announces new appointments
Clave Mayor-backed online music platform Red Karaoke has announced the appointment of Justin D. Abbott and Fernando Ara as part of the company’s plan to launch the service in the US.
SPAIN - ASCRI celebrates frist Spanish private equity awards
ASCRI celebrated its first Spanish Private Equity awards on 22 May, open to all firms operating in the country that completed exits during 2007.
ITALY – Alto Partners acquires plumbing firm
Alto Partners has acquired 100% of Rubinetterie Toscane Ponsi a company specialising in the manufacture of tabs and mixers through its fund Alto Capital II.
SPAIN – Quercus to sell video communications specialist
According to sources, Quercus Equity is preparing the sale of video communications specialist Imago (formerly Odeco), a group that has been created from the merger of four companies acquired by Quercus over the last two years. The price tag could range...
ITALY – Clessidra-backed Giochi Preziosi acquires British firm
Clessidra-backed Giochi Preziosi has acquired British leisure products distributor La Flair for approximately EUR 11m.
ITALY – Cape acquires 65% stake in ITM
Cape Natixis has acquired a 65% stake in pipe manufacturer International Trading Manufacturing (ITM) through its fund Cape Natixis Due.
EUROPE – Capricorn closes EUR 100m fund
Capricorn Venture Partners has closed its third venture capital fund, Capricorn Cleantech Fund, on EUR 100m.
SPAIN – Bullnet Capital raises new EUR 35m vehicle
Bullnet Capital, one of the few surviving private equity houses launched in the midst of the technology boom, is raising a second fund, Bullnet Capital II, with a target of EUR 35m.
ITALY – Arca Imprese acquires 70% stake in clothing retailer
Arca Imprese has acquired a 70% stake in clothing retailer Finalba Store, with the remaining stake being held by the company’s founder Giancarlo Bassi, who will remain the company’s CEO.
ITALY – BS Private Equity sells 20% to Banca Leonardo
Gruppo Banca Leonardo has acquired a 20% stake in BS Private Equity (BSPE), with the option of acquiring the remaining stake in the future. BSPE will remain independent and will continue to be headed by its managing partners Antonio Perricone, Paolo Baretta...
ITALY – US private equity firms in Weather Investment talks
It is understood that Egyptian billionaire Naguib Sawiris is in talks with three US private equity firms over the sale of a 10% stake in Italian holding company Weather Investments.
SPAIN – Ahorro Corporación launches new fund
Ahorro Corporación, grouping several Spanish savings banks, has launched a new fund set to raise between EUR 50-70m to invest in Castilla y León-based companies.
EUROPE - Nomura raising new EUR 400m mezzanine fund
The European arm of Japanese Investment bank Nomura has begun raising a new EUR 400m mezzanine fund for Europe.
ITALY – Private equity presents non-binding offers for Cavalli
Market rumour suggests that private equity funds have offered up to EUR 1.4bn to acquire fashion brand Cavalli.
ITALY - Permira appoints new senior adviser
Permira has announced the appointment of Riccardo Ruggiero, former CEO of Telecom Italia, as its new senior adviser.
PORTUGAL – Esprírito Santo in EUR 5m financing of fibre-optics company
Esprírito Santo Ventures has led a EUR 5m series-B funding round for fibre-optic technology company Multiwave Photonics alongside existing investor Bullnet Capital.
ITALY – Stirling Square and Sirius to acquire sportswear firm
Stirling Square Capital Partners and Sirius Equity have announced the acquisition of sportswear company Jeckerson from Blue Fashion Group in a management buyout valued at EUR 140m.
GLOBAL - Lionhart to raise at least $500m for private equity fund
London-based hedge fund Lionhart has launched its debut private equity fund, Lionhart Talon, which will initially seek to raise $500m.
SPAIN – Amadeus and GIMV back USD 12m Openbravo investment
Amadeus Capital Partners and Belgian venture capital firm GIMV have invested in a USD 12m funding round for software company Openbravo, alongside Spanish firm Adara Venture Partners.
SPAIN – Axón backs e-invoicing firm
Axón Capital has invested in e-invoicing firm Doc on Time in a deal valued at approximately EUR 1.5m. Previous investors include Invernostra, del Grupo SA Nostra-Caja de Baleares and Corporación Caja Navarra.
ITALY – Industriekapital acquires Faral
Bavaria Industriekapital has acquired radiator manufacturer Faral SpA from the Swiss Zehnder Group, a global player in the heating and climate control business. The parties also signed an agreement to ensure the ongoing supply of key components to the...
ITALY – Mittel to acquire E.Capital
Mittel is in the process of acquiring 100% of investment management advisory E.Capital Partners, in a deal valued at around EUR 50m.
SPAIN – Riva y García establishes presence in North Africa
Riva y García has opened new offices in Casablanca, Morocco and Algiers, Algeria as part of its expansion into Maghreb.
SPAIN – CVC-backed paper producer acquires French distributor
Paper producer Torraspapel, part of CVC-controlled Lecta Group, has acquired French paper distributor Secmar.