Sector
UK/SWEDEN - Beringea portfolio company Espresso expands into Sweden
Beringea portfolio company Espresso Group, a provider of digital curriculum services, is to expand into the Swedish primary education market. The Group’s Espresso Education subsidiary has signed an exclusive agreement with Liber, a division of Infinitas...
UK - Warburg Pincus sells LMG for £368m
Warburg Pincus has sold LMG, the owner and operator of the Nectar programme, to Aeroplan for a total consideration of £368m. Toronto Stock Exchange-listed Aeroplan is a leading loyalty marketing agency in Canada.
FRANCE - CAPE backs MBO of Groupe Pommier
Crédit Agricole Private Equity (CAPE) has completed the management buyout of industrial machinery business Groupe Pommier.
UK - Emap auction nears final stages
Apax Partners is understood to be the front-runner in the race to acquire Emap's B2B publishing division. Apax's offer includes financing from Guardian Media Group. Apax owns a substantial minority stake in Auto Trader publisher Trader Media Group, which...
UK - CBPE sells Fishers to BOSIF for £40m
Close Brothers Private Equity (CBPE) has sold linen service business Fisher Holdings for £40m to its management. The Fisher management team is being supported by Bank of Scotland Integrated Finance. CBPE achieved a money multiple of 2.9x on its original...
FRANCE - Eras receives backing from Siparex
Siparex has backed the owner buyout of Eras, a design and project management company focused on industrial installations.
FRANCE - Iris Capital injects EUR 4m in Oodrive
Venture capital firm Iris Capital has invested EUR 4m in Oodrive, a French software vendor, focused on remote backup, online file sharing and collaboration solutions.
FRANCE - Innovacom backs Mobile Devices
Innovacom has invested EUR 3.1m in hardware and software developer Mobile Devices. The new capital will be used to support the continuous development of the company’s technology and the establishment of an international sales network.
UK - HgCapital stengthens consumer and leisure team with two appointments
HgCapital has stengthened its consumer and leisure sector team with the appointment of Jason Khaksar and Sophie Albizua.
UK - ISIS backs On the Beach
ISIS Equity Partners has completed an investment into On the Beach, an online beach holiday retailer.
UK/GERMANY - Hawkpoint announces three new appointments
Corporate advisory firm Hawkpoint has announced three appointments, strengthening its team in the key areas of debt advisory, media advisory and its German activities.
ROMANIA - Global Finance and 3TS invest in Gecad Technologies
Global Finance , 3TS-Cisco Growth Fund III and several other undisclosed investors have invested EUR 2m in Gecad Technologies, the company behind the AXIGEN mail server software. Radu Georgescu, who is the founder of the company, retains 88.24% of shares...
FINLAND - 3i and Profita sell Empower to AAC Capital Partners
3i and Profita Fund II Ky have sold Empower, a Finnish service provider for the energy and telecommunications sector, to AAC Capital Partners (previously ABN AMRO Capital). No financial information has been revealed. 3i first invested in the business...
UK - BVCA establishes review committee ahead of Walker results
The BVCA has announced the establishment of a new monitoring and review body to ensure its members comply with Sir David Walker's final guidelines, to be published tomorrow. Sir Mike Rake, chairman of BT, has been named as the first chairman of this group....
UK - Noble Fund Managers invests £1.5m in Plum Baby
Noble Fund Managers Private Equity has provided organic baby food business Plum Baby with £1.5m of development capital. Noble will take a significant minority stake in the business following the deal. In addition to Noble’s commitment, Octopus Ventures...
UK - Dunedin backs £18m buyout in financial services sector
Dunedin has backed £18m managment buyout of Gissings Advisory Services Ltd (GAS), a financial services business. GAS provides consultancy advice on flexible benefits, private medical insurance, life assurance, permanent health insurance, occupational...
AUSTRIA – Siemens Österreich sells VA TECH WABAG to Indian ICICI Venture Funds
Siemens AG Österreich has sold its fully owned subsidiary, VA TECH WABAG Österreich, for an undisclosed sum to the Indian Chemnai-based VA TECH WABAG India Ltd. VA TECH WABAG India is held by Indian private equity house ICICI Venture Funds Management...
FRANCE - LFPI exits recycling business
La Financière Patrimoniale d'Investissement (LFPI) has sold its stake in Bartin Recycling Group, a company which collects, treats and recycles industrial waste, to larger competitor Veolia Propreté.
ITALY - ABN Amro acquires pump manufacturer
ABN Amro Capital has agreed to acquire a majority stake in Finder SpA, a manufacturer of centrifugal and vacuum pumps and filters. The news of the acquisition follows ABN Amro's recent sale of gardening products manufacturer GGP to 3i.
UK - Deadline for Northern Rock bids approaches
Today marks the deadline for indicative proposals to be put forward by those wishing to buy all or part of Northern Rock, with several private equity firms expected to be among those making an offer for the stricken bank.
UK - ECI sells Bounty for £70m
ECI Partners has agreed to sell Bounty, the UK’s largest parenting club for £70m. The acquirer is Kaboose, the largest independent family-focused online media company in North America. Since funding the management buyout of Bounty in December 2004,...
UK - 3i acquires Agent Provocateur
3i has signed an agreement to acquire Agent Provocateur, the luxury brand lingerie retailer. 3i's funding will enable Agent Provocateur to pursue further growth opportunities. The deal sees both the founders remain as shareholders in the business, with...
BELGIUM - Lion completes EUR 263m Adventure deal
Lion Capital has completed the acquisition of AS Adventure Group, a Belgium-based speciality retailer of outdoor equipment and clothing, in a deal which values the company at EUR 263m.
UK - Hotbed members invest £3.3m to back buyout of DIY supplier
Hotbed, a UK private investor syndicate, has invested £3.3m to back the management buyout of Avocet Hardware. Avocet is a supplier of screws, nails, fixings and general ironmongery products to the UK’s biggest DIY retailers, including B&Q, Focus and...