Industrials
FRANCE – Avenir Finance leads EUR 700,000 investment into Pole Star
Avenir Finance Gestion has led a EUR 700,000 early-stage investment into software company Pole Star. Avenir provided EUR 500,000, with the balance being contributed by a number of business angels.
FRANCE - 21 Centrale Partners divests Averys
21 Centrale Partners has sold storage systems company Averys to LBO France in a secondary buyout transaction for an undisclosed sum.
CEE - Innova Capital promotes partner
Innova Capital has promoted Arkadiusz Podziewski to partner.
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...
UK - Sovereign portfolio company acquires Intercity Group
Sovereign Capital portfolio company LPM Group, a provider of contract cleaning, security and maintenance services, has acquired InterCity Group Ltd, a supplier of office and industrial cleaning and manned guarding services.
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.
SWEDEN - EQT acquires Valeo Engine Cooling
EQT Opportunity has acquired the heavy duty engine cooling division of Valeo, a French automotive group, for an undisclosed value.
FRANCE - Candover recapitalises Qioptiq Group
Candover has completed a recapitalisation of portfolio optical solutions company Qioptiq Group. Financial terms were not disclosed, other than that European Capital and parent company American Capital collectively invested USD 85m in a mezzanine tranche.
GLOBAL – Carlyle signs MoU with Chinese provincial government
The Carlyle Group and the Department of Foreign Trade and Economic Cooperation (SDFTEC) under the Shandong Provincial Government in China have entered into a Memorandum of Understanding (MoU) to develop trade cooperation and stimulate investment in the...
UK - Graphite hires four
Graphite Capital has hired Kane Bayliss, Mark Hall and Omar Kayat as investment managers, and Mudassir Khan in a financial anlaysis role.
GERMANY - 3i invests in DruckChemie
3i has signed an agreement to back the buyout of DruckChemie, a speciality service provider to the printing industry, for €133m from SG Capital Europe and Quartus.
GERMANY - BASF Venture Capital leads EUR 4m funding for Deutsche Rohstoff AG
BASF Venture Capital GmbH has led a EUR 4m round in raw material producer Deutsche Rohstoff AG, contributing half of the total sum.
CEE – Arcapita acquires Pinnacle Real Estate
Arcapita has acquired Pinnacle Real Estate, a developer and operator of logistics warehouses in Central and Eastern Europe, from Merrill Lynch for an undisclosed sum. The deal includes 230,000 square metres of leased warehouses and a land bank of nearly...
FRANCE – BPE to divest Converteam
Barclays Private Equity (BPE) is reportedly seeking to divest its power conversion portfolio company Converteam. An auction process, which could see the company sell for around EUR 1bn, has attracted interest from a number of private equity houses.
FRANCE – EdRIP supports duel acquisitions for CEME
Edmond de Rothschild Investment Partners' (EdRIP) portfolio company Compagnie d’Entreprises Mechaniques et Electroniques (CEME), which comprises a number of diverse industrial businesses, has completed the joint acquisitions of air conditioning specialists...
GERMANY - Paine & Partners complete acquisition of Stabilus GmbH
Paine & Partners have completed the acquisition of gas springs manufacturer Stabilus GmbH from Montagu Private Equity. The value of the deal was not disclosed but reports indicate that it is worth more than €500m.
SWEDEN - Triton makes SEK 1.5bn bid for listed Cision
Triton, through Swedish holding company Cyril Acquisition AB, has made a public offer of SEK 1.5bn for Cision, a Stockholm based PR, IR and marketing communication and consultancy business. The bid is set to SEK 20 per share, which is a 66% premium compared...