Sector
UK - Baird Capital Partners Europe generates 3.5x return on Traffic Support exit
Baird Capital Partners Europe has realised its investment in Traffic Support Ltd, the innovative parking enforcement solutions company. Mouchel Parkman, the integrated support services company, has acquired the business for £21.5m. Added to a £4.8m...
UK - Bank of Scotland Corporate exits Paymentshield
Bank of Scotland Corporate has realised its investment in Paymentshield Ltd, a supplier of general insurance products to the mortgage intermediary sector. The value of the deal has not been disclosed although it is known that Bank of Scotland Corporate...
UK - Barclays Ventures supports £30m management buy-in
Barclays Ventures has backed a simultaneous £30m management buy-in of Amwell Systems and Twyford Bushboard. The combined businesses create the UK’s leading independent designer, manufacturer, supplier and installer of both traditional washroom systems...
AUSTRIA - Private equity group expected to bid for BAWAG
Austria's fourth largest bank in terms of volume of assets, BAWAG, is expected to receive offers from at least four financial and trade buyers. Morgan Stanley has been appointed to run the auction process. Expected bidders are Austrian banks Raiffeisen...
ITALY/GERMANY - Mediaset leaves competition for ProSiebenSat
Mediaset, the broadcasting giant owned by ex-prime minister Silvio Berlusconi, is no longer in the competitive process for German television network ProSiebenSat.1 Media.
PORTUGAL - The Riverside Company acquires ONI
The Riverside Company has agreed to acquire ONI SGPS SA, the wire-line telecom unit of Portuguese utility Energias de Portugal. The deal is valued at EUR 160m, and is expected to close early next year.
SWEDEN - Nordic Capital sells fitness club chain SATS
Nordic Capital Fund IV has entered into a binding agreement to divest fitness club chain SATS to Tryg i Danmark smba. Tryg i Danmark smba invests in companies within the healthcare and security sector. The completion of the transaction is subject to approval...
UK - Enterprise receives approach from unknown private equity company
A company which provides outsourced planned and reactive maintenance services to utility companies and local authorities, Enterprise, has received a takeover approach from an unknown private equity company.
BELGIUM - Clear2Pay raises additional EUR 2m from Iris Capital
Clear2Pay,a Belgian software vendor of next generation payment solutions for financial institutions, has received a EUR 2m capital increase from Iris Capital. In addition, the telco and media venture capitalist has purchased existing equity for the value...
ITALY/GERMANY - Berlusconi and private equity funds to compete for media giant
According to reports in the Italian press, Silvio Berlusconi's broadcasting empire Mediaset is planning to launch a bid for 50.5% of German television network ProSiebenSat.1 Media. It is understood that a decision will be made next Tuesday, when the group's...
SPAIN - A good year for private equity in the Basque Country
The Sociedad de Gestión de Capital Riesgo del País Vasco, entity managing the private equity activities in the Basque country, is forecasted to end the year of 2006 with investments in 15 companies, totalling EUR 11m. The entity was launched in 1985...
UK - Ingenious appoints David Mansfield as a main board director
Ingenious, the media investment and advisory group, has appointed David Mansfield as a main board director. Mansfield joined the advisory board of Ingenious Media Active Capital Plc, the AIM listed fund, early this year and now joins the company in an...
UK - Ingenious Media takes stake in Apax target Incisive Media
Ingenious Media Active Capital Ltd part of Ingenious Media Plc, the entertainment and media-focused investor has acquired an 11% stake in Incisive Media Plc for £22m. Ingenious paid 195p per share which matches the price offered by Apax six weeks ago...
SPAIN - 3i director joins Magnum Industrial Partners
Inaki Echave has left 3i's London office to join Magnum Industrial Partners, a Spanish buyout firm recently launched by ex Santander Angel Corcostegui. The firm has begun the fundraising for its first fund, capped at EUR 750m. Echave's work at 3i included...
GERMANY - KKR and Goldman Sachs acquire Kion forklift unit
Kohlberg Kravis Roberts and Goldman Sachs Group's private-equity unit have signed an agreement to acquire the Kion forklift unit of Wiesbaden-based Linde Group, the world's largest maker of industrial gases, for EUR 4bn. The sale is subject to regulatory...
NL- TNT completes sale of logistics division to Apollo Management
Dutch express delivery company TNT has completed the sale of its logistics division to Apollo Management. The total value of the transaction is EUR 1.48bn on a cash and debt free basis, of which EUR 15m has been received in the form of a 5% equity stake...
FRANCE - Former Wanadoo boss appointed partner by Sofinnova
Sofinnova Partners has announced the appointment of Olivier Sichel as partner.
FRANCE - BNP Paribas Développement leads the buyout of Dufieux Industrie
BNP Paribas Développement has backed the buyout of Dufieux Industrie, a Grenoble-based industrial supplier for the aeronautical sector.
UK - Styles & Wood to float
Aberdeen Asset Managers Private Equity portfolio company Styles & Wood will raise £72m when it lists next week. The 150p per share IPO will give the shopfitter and retail property services provider a market capitalisation of £96.7m. Investec has been...
SWEDEN - Opica's offer becomes unconditional
Opica AB, a company jointly owned by Apax Europe VI, Nordic Capital Fund VI and Apax France, has announced that all conditions to the offer for Swedish healthcare group Capio have been satisfied and that the offer therefore has become unconditional.
UK - Ingenious appoints Peter Shawyer as non-executive director
Ingenious, the media investment and advisory group, has appointed Peter Shawyer as a non-executive director to the board and a director of Ingenious Ventures Ltd. Shawyer was previously managing partner at Deloitte & Touche and is currently a non-executive...
UK - Review of private equity for HSBC
Like many of its banking competitors, HSBC is currently reviewing its position on private equity. Although its European private equity arm spun-off as Montagu Private Equity a number of years ago, HSBC retains a number of Asia-focused funds. Earlier this...
UK - Yahoo! corporate development executive joins Accel London
Accel Partners has announced that Simon Levene has joined the investment team in the London office. Levene's areas of expertise include internet, infrastructure, software and services.
FRANCE - UFG Private Equity invests in children's shoes retailer
UFG Private Equity, formerly known as Nord Europe Private Equity, has invested EUR 1.5m in Petits Petons.