Southern Europe
SPAIN - Ibersuizas appoints new vice president
Jorge Delclaux has joined Ibersuizas as a private equity partner and will be the vice president of the Spanish firm. The new addition to the team will strengthen the company’s new private equity project, launched a few months ago.
SPAIN - Monitor Capital buys 95% of the restaurant chain Pinocchio
The private equity firm Monitor Capital has acquired 95% of the shares of the Spanish food chain Pinocchio, which operates ten restaurants and pizzerias in Montecarlo, Madrid and Valencia.
SPAIN - Cuatrecasas launched its own London office
The law firm, which has just opened an office in the heart of the City of London, is now closer to the decision center of many of its clients.
ITALY - Barclays Private Equity acquires ULKA
Barclays Private Equity has acquired ULKA Costruzioni Elettromeccaniche SpA, a manufacturer of solenoid pumps for coffee machines from entrepreneur Giampiero Rossi for an undisclosed sum. The company, founded in 1975, generated total revenues of EUR 46m...
ITALY - Barclays Private Equity Acquires ULKA Costruzioni Elettromeccaniche SpA
Barclays Private Equity has acquired ULKA Costruzioni Elettromeccaniche SpA, a manufacturer of solenoid pumps for coffee machines, from entrepreneur Giampiero Rossi for an undisclosed sum.
SPAIN – WebCapital and Manoin64 invest EUR 400,000 in Agnitio
WebCapital SCR, managed by Riva y García Private Equity, and Manonin64 (the holding company of the Sansalvado family) have together acquired significant stakes in Agnitio SL for EUR 400,000. Agnitio SL, a spin-off from the Universidad Politécnica de...
ITALY - Bridgepoint acquires Italian perfumery group Limoni
Perfumery chain Limoni, the Italian market leader with a network of 400 stores and a consolidated turnover of € 304 million (13.6% up on 2004), has been acquired by Bridgepoint through a management buy-out involving its founder Piofrancesco Borghetti....
ITALY - MCC Sofipa acquires majority stake in Cobra
MCC Sofipa SGR SPA, the private equity arm of Gruppo Capitalia, has acquired a majority stake in Cobra Spa via the funds Sofipa Equity Fund and Sofipa Equity Fund II. The funds have together invested approximately EUR 17.5m for a 70% shareholding, while...
SPAIN - Permira set to acquire fast-food giant Telepizza
Permira is set to acquire Spain's biggest pizza delivery chain in a EUR 572m deal according to reports in the Independent on Sunday. Permira was favoured by the board of Telepizza, which will be de-listed from the Madrid stock exchange as a result of...
ITALY - AIFI elects Giampio Bracchi as chairman
The board of the Italian Private Equity and Venture Capital Association (AIFI) has elected Giampio Bracchi as chairman of the association for a further three years. Mr Bracchi is also vice-chairman of Banca Intesa and chairman of Fondazione Politecnico...
EUROPE - Apax Partners publishes report on the future of private equity
Apax Partners, together with the Economist Intelligence Unit, has produced a report on the future of private equity. This follows a 2002 report in which it accurately predicted deal sizes increasing significantly and liquidity improving.
ITALY - Successul listing for Wellington portfolio company NoemaLife SpA
On its first day of trading on the Milan Stock Exchange, NoemaLife's share price grew by 37% from the original issue price of EUR 9 per share to reach EUR 12.30 per share, representing a market capitalization of EUR 52m.
ITALY - Siparex Italia arranges MBO of TecMo
Siparex Italia has completed the management buyout of TecMo from Thermadyne Holding Corporation, a multinational manufacturer of cutting and welding products. Siparex has taken a 50% interest in the acquisition vehicle and the senior debt was arranged...
SPAIN - Émfasis expands operations with purchase of Securpost
Émfasis, a portfolio company of Nmás1 Private Equity, operating in the mailing and billing sector, has acquired 100% of Securpost from Tutor SA, a subsidiary of Grupo PDM. Securpost specialises in the outsourcing of printing and mailing services and...
EUROPE - First quarter European private equity exceeds EUR 30bn
For the fourth successive quarter, the total value of European private equity transactions has exceeded EUR 30bn, totalling EUR 34.2bn for the first quarter of 2006. This represents a 53% increase in the total value of transactions reported for the same...
SPAIN - Diana Capital invests EUR 10.5m in Lumelco
Diana Capital I, the private equity fund managed by Diana Capital, has acquired 23% of Lumelco, a distributor of air conditioning systems. The total value of the investment was EUR 10.5m. The funding will be used to help the expansion of the company in...
SPAIN - 3i exits Faus Group
3i in Spain has sold its 38% shareholding in Faus Group, a manufacturer of laminated flooring and other components for the building and design industries. The total value of the transaction has not been disclosed but the IRR for 3i after nine years is...
SPAIN - Nmás1 invests in vending machine operator
Dinamia Capital Privado and Nmás1 Private Equity Fund have acquired 100% of Servicio de Venta Automática S.A. (Serventa) in a deal valued at around EUR 30m. The company was purchased from Urex Inversions S.A., which forms part of Altadis. The transaction...
SPAIN - Adara and MCI invest EUR 2.5m in Polymita Technologies
Polymita Technologies, a Spanish software provider of business process management (BPM), portals and enterprise content management platforms (ECM), has announced a €2.5m joint investment in the organisation made by venture capital companies Adara Ventures...
SPAIN - Portugal’s Ibersol enters battle for Telepizza
The battle for Spanish restaurant chain Telepizza has become a three-way fight after Portuguese rival Grupo Ibersol offered EUR 2.25 per share yesterday. Despite being more than Permira’s bid, the Ibersol offer price is, however, less than that put...
SPAIN - Buy and build continues with acquisition of Foprar
Qualitas Equity Partners and Lombard Odier Darier Hentsch & Cie Private Equity (LODH) have together acquired 100% of Foprar, a manufacturer of tubes and frames for civil works projects. This follows the acquisition in March of 100% of Pronave Yecla SL,...
GLOBAL - JPMorgan sells private equity portfolio
Press reports confirm that Goldman Sachs Asset Management and the Canada Pension Plan Investment Board have co-led the secondary purchase of a US$925m stake in the JPMorgan Partners Global Fund from JPMorgan Chase.
SPAIN - 3i acquires Gamesa Group
3i has acquired a 100% stake in Gamesa Energía y Servicios SA and Siemsa Este SA (GES). Both are divisions of Corporación Tecnológica Gamesa. The company specialises in the construction and maintenance of wind farms and has a diversified petrochemical...
ITALY - Investindustrial acquires 65% of Stroili Oro
Investindustrial has led the acquisition of 65% of Stroili Oro, Italy’s leading jewellery retail chain. L-Capital (LVMH Group) and Ergon Capital, former shareholders of Stroili Oro, will retain a 35% shareholding. Following the acquisition, a minority...