Sector
UK - HgCapital sells IRIS and CSG in £500m deal
HgCapital has sold IRIS Software, a provider of software to accountacy practices, and Computer Software Group (CSG), a provider of software to legal practices, to Hellman & Friedman for £500m. Hellman & Friedman plans to merge the two entities. HgCapital...
BALTIC - BaltCap exits ZetCOM
BaltCap has sold its minority position in ZetCOM to Latvijas Mobilias Telefons Ltd. BaltCap invested in ZetCOM in 2005 to be part of the heavily growing telecom market in the region.
SWEDEN - Provider Venture Partners divests Drutt to Ericsson for a 5x return
Provider Venture Partners has sold their stake of Drutt, a software company, to Ericsson. The value of the deal is not disclosed but it is valued to be around SEK 350-400m, with Provider Venture Partners securing a 5x money multiple. Drutt Corporation...
UK - Compass Partners sells Eco to Luvata
London-based private equity firm Compass Partners has sold heat-transfer coils and coolers manufacturer Eco to Luvata, a supplier of fabricated metal solutions owned by Nordic Capital.
GERMANY - Blue Lion receives multi-million financing
German mobile internet start-up Blue Lion mobile has closed a multi-million Euro financing round from Bertelsmann Digital Media Investments.
IRELAND - Doughty Hanson leads $14m investment in AdaptiveMobile
Doughty Hanson has led a $14m second round of funding for AdaptiveMobile. Additional investment came from Noor Financial Investment Company and existing investor, Intel Capital.
FRANCE - Summit Partners takes 20% of Vente-Privée.com
Summit Partners has made a growth capital investment in online clothing retailer Vente-Privée in exchange for a 20% equity stake.
UK - Graphite Capital sells Avery Healthcare to Southern Cross for £96.5m
Graphite Capital has sold its majority shareholding in Avery Healthcare to Southern Cross Healthcare Group realising returns of 2.7x. The deal values Avery, which owns and operates care homes for the elderly, at £96.5m. Southern Cross is buying 16 of...
UK - Adverse rumours surround potential tertiary buyout of New Look
Reports that interest in value fashion retailer New Look is lacklustre continue to dog the auction process being run by Merrill Lynch. Apax and Permira, the current owners of New Look, had considered a float of the business but decided instead to sell...
UK - Enterprise Ventures completes further investment in H20 Networks
Enterprise Ventures has completed a further investment in H2O Networks Ltd through its Coalfields Enterprise Fund. Enterprise Ventures first invested in the company during late 2006 to finance the company’s growth plans and this follow-on round of funding...
NORWAY - Ferd Ventures invest EUR 2m in Kvaleberg
Ferd Ventures has invested EUR 2m in Kvaleberg, a mobile software company located in Oslo. The investment will be used to accelerate international growth.
FRANCE - AXA Private Equity backs buyout of payment software business
In a management buyout, AXA Private Equity has acquired the majority of the shares of Welcome Real-time, a provider of payment software for financial institutions and payment networks.
NL - Amsterdam Molecular Therapeutics launches IPO
VC-backed human gene therapy specialist Amsterdam Molecular Therapeutics (AMT) has launched an offering of up to 5 million new shares, for a price range of EUR 8-10.
SPAIN/UK - Palamon adds Morgan Stanley banker to its Spanish team
Pan-European private equity firm Palamon Capital Partners has hired former Morgan Stanley executive director Jaime Enrique Hugas to strenghten its activities in Spain.
FINLAND - CapMan strengthens its Real Estate team
Jorma Lehtonen has been appointed as CapMan Real Estate’s fund director and will be responsible for the investment activities of private equity real estate funds. In addition he will act as deputy to Markku Hietala, managing director of Realprojekti...
NL - Lion Capital acquires HEMA
Lion Capital has acquired Dutch retailer HEMA from Maxeda. The deal is subject to regulatory approval, expected before the end of July 2007.
UK - Shackleton in further deal with 3i
Three months after it acquired four investments from 3i, Shackleton Ventures has purchased a further portfolio of nine companies from 3i. Shackleton is a specialist secondaries venture capital firm with the ability to draw on investment of up to £20m.
GERMANY - Henderson sells Homann to IFR Capital
Henderson Private Equity has exited food manufacturer Homann through a sale to AIM-listed investment company IFR Capital. IFR has acquired 100% of the share capital of Homann, continuing its strategy of consolidation in the European retail food sector....
FINLAND - 3i acquires 25% of DNA for EUR 140m
3i has acquired 25% of the shares in Finnet OY, a Finish mobile operator, for EUR 140m. Following the deal Finnet OY is to be renamed DNA. 3i's stake will be reduced to 13% after the anticipated merger of five local operators and DNA. The 25% stake has...
DENMARK - EQT acquires Cimbria
The EQT Opportunity Fund has agreed to acquire a majority of the shares in the Danish industrial engineering Company Cimbria A/S.
FRANCE - GIMV hires Dubus
Belgian-based Investment company GIMV has hired Geoffroy Dubus to head investments in the ICT sector in France. Dunus will also assist with the opening of GIMV's French office. Dunus was previously a partner at French private equity house Innovacom,...
UK - Palamon expands investment team
Palamon Capital Partners has expanded its investment team with the appointment of JaimeEnrique Hugas as principal. Hugas, a Spanish national, joins Palamon from Morgan Stanley where he was executive director of the European Media and Communications...
GERMANY - GMT buys construction information provider
GMT Communications Partners has acquired the construction information division from Springer Science + Business Media for an undisclosed amount. The financial investor currently owns Docu Group, another B2B information provider in the construction sector...
FRANCE - Stirling Square sells GDT to Bridgepoint in $343m deal
Stirling Square Capital Partners has signed an agreement to sell Global Design Technologies (GDT) to Bridgepoint for $343m. GDT is a France/US-headquartered manufacturer of swaged permanent coupling systems for rigid tubing and pipes used in the aerospace,...