Sector
GERMANY - Equita acquires Stromag group
Equita Management GmbH has acquired the Stromag Group in a management buyout for an undisclosed amount. This represents the fifth investment for the Equita Fonds 3 that closed in November 2005.
CEE – Royalton generates 3.6x money multiple on sale of Ella Bank
Dedicated Central and Eastern European investor Royalton Capital Investors has sold its entire stake in Ella Bank to generate a return of 3.6x money invested and an IRR of 39%. The Hungarian retail bank was sold by Royalton and EDHI to AXA Holdings Belgium....
UK - Exponent backs buyout of marine services provider V.Holdings
Exponent Private Equity has supported the management buyout of V.Holdings, a marine services provider and international provider of energy outsourcing solutions. Close Brothers Private Equity, an investor since 2003, has reinvested some of the proceeds...
FRANCE - Consortium wins Saur exclusivity
A syndicate led by state-backed CDC and including industrial company Séché Environnement and AXA Investment Managers (AXA IM) has won exclusivity in an auction for water business Saur. According to reports in the French press, the price obtained by...
UK - CBPE exits UTI
Close Brothers Private Equity has announced the sale of United Transport International Limited to InterBulk Investments plc for £80m. The transaction is CBPE's third realisation in 5 months, its previous one being the EUR 311m sale of Moody International...
UK - Synergis leads investment into heart disease diagnosis company
Synergis Technologies has led a funding round for Petrra Ltd.
SWITZERLAND - NEXThink received CHF 6m
Auriga Partners alongside Venture Incubator have invested CHF 6m in Swiss software developer NEXThink.
UK - Tudor Investment Corporation backs software start-up with £3m
Tudor Investment Corporation has invested £3m in Trampoline Systems, a London-based enterprise software start-up. Trampoline is the first European Enterprise 2.0 software developer to receive major investor backing. The investment enables Trampoline...
UK - B&Q in the sights of private equity
The home improvement chain B&Q may be the next large listed asset lined up for a private equity bid, according to market sources. Owner Kingfisher saw its shares rise 5% this morning, one of the few gainers on the FTSE 100, along with Sainsbury's, which...
UK - Sovereign Capital creates enlarged social housing maintenance company
Sovereign Capital has acquired Hudson Engineering Services Ltd. Hudson, a provider of gas, fabric and electrical maintenance services to homes owned by local authorities and the Ministry of Defence, will be merged with two other portfolio companies in...
NORWAY - Northzone Ventures and Selvaag invest NOK 7.5m each in T-VIPS
Northzone Ventures and Selvaag invest NOK 7.5m each in a second round of funding in technology company T-VIPS to accelerate its R&D programme, enhance sales and marketing initiatives and expand the company's international operations. T-VIPS' international...
UK - Montagu exits Cory in £588m deal to ABN AMRO Infrastructure
Montagu Private Equity has sold waste management company Cory Environmental Holdings to a consortium led by ABN AMRO Infrastructure Capital for £588m. The sale through acquisition vehicle Viking Consortium Holdings Ltd enables Montagu to exit following...
UK - KKR's initial bid for Boots rejected
KKR's £10-per-share bid for chemist and retailer Alliance Boots, in association with the company's executive deputy chairman Stefano Pessina, has been rejected.
UK - 3i strengthens media team through appointment of Wolfgang Kitza
3i has strengthened its media sector team with the appointment of Wolfgang Kitza as venture partner with 3i’s global venture capital team. In his new role, Kitza will bring experience and contacts to help 3i increase its investment opportunities in...
FINLAND - CapMan invests in Mirasys
CapMan has invested in software company Finnish Mirasys Ltd in return for a maximum of 42% of the fully diluted shares in the company.
SWEDEN - Northzone invests $10m in Xcerion AB
Northzone Ventures has invested $10m in Xcerion AB to launch its collaborative XML Internet OS. Xcerion aims to distribute the OS and accompanying applications free as a service over the internet.
UK - Close Ventures backs £6.7m buyout of Compass Supply Solutions
Close Ventures has invested up to £6.7m into Chichester Holdings Ltd to back the management buyout of Compass Supply Solutions Ltd (Compass).
FRANCE - Candidates prepare bids for Saur
LBO France, Terra Firma, AXA Private Equity and Eurazeo are said to mulling bids for water utility company Saur, according to reports in the French press.
FINLAND - Eqvitec injects EUR 2m in customer analytics solution provider
Via its fund Eqvitec Technology Fund III, The venture sponsor has invested EUR 2m in the first round of funding for Xtract, a Helsinki-based software developer.
FRANCE - Emertec generates at least 88% IRR and >3x on latest sale
Grenoble-based Emertec Gestion has generated an IRR of 88% and a money multiple in excess of 3x, following the sale of Eco Alternative to a large industrial company.
FRANCE - CAPE invests in Environnement Conseil Travaux
Crédit Agricole Private Equity has made a growth capital investment in ECT, a company which stock industrial waste and treats polluted grounds.
GERMANY - EUR 3.5m funding for Exit Games
Media group Bertelsmann, and private equity firms Neuhaus Partners and smac partners have made an investment in Hamburg-based Exit Games.
SPAIN – ACP leads EUR 2m financing of Buyvip.com
Barcelona-based venture capital investor Active Capital Partners has led a round of funding in Buyvip.com, an e-commerce business offering a range of brand products at discounted prices.
DENMARK - CVC acquires Matas
CVC Capital Partners has purchased personal care retail chain Matas A/S and affiliated stores. The private equity house has acquired 206 stores from approximately 125 store owners and has entered into conditional agreements to acquire an additional 45...