Sector

UK - Chronicle Solutions receives £3m 3i backing

3i has led a £3m series-A investment in Chronicle Solutions along with syndicate partners Scottish Equity Partners and Societe Generale Asset Management Alternative Investments. As part of the deal, Nick Kingsbury, sector partner at 3i, is appointed...

DENMARK - Nordic Capital acquires Dangaard Telecom

A subsidiary of Nordic Capital fund VI has signed an agreement to acquire Dangaard Telecom from BHS Holding, debitel, Fleggaard Holding and Dangaard Telecom Partners. The value of the deal has not been disclosed.

UK - Rothschild leads bid for MFI Retail

The Times today reports that Rothschild has joined forces with Merchant Equity Partners to launch a bid for the retail division of MFI. The ailing retail arm of MFI Furniture recorded losses of £85m in 2005 and it is thought that the vendor will have...

FRANCE - Triago X announces new board of directors

Triago-X, the private equity secondary transactions specialist, has announced three new appointments that will form the board of company directors. This change comes prior to a planned company expansion and their listing on the Alternext of Euronext™...

FRANCE - EUR 10m backing for sports publisher

Iris Capital and London-based Complete Leisure Group are joining previous investors Galiléo Partners and Crédit Agricole Private Equity (CAPE) in a EUR 10m financing of French publisher Sports Medias & Stratégie.

SPAIN - Savia Coinversión SCR invests in EUR 5m in MSS

The Zaragoza-based private equity firm has announced an investment of EUR 5m in Mobile Security Software (MSS). MSS is working on the development of a high security system for mobile devices that includes coding and uncoding, authentication control and...

UK - Misys the latest take-private target

The Sunday Times and the Financial Times have both reported that the healthcare and financial-services software firm Misys is being circled by private equity firms following its announcement on Friday that it is the subject of a possible management buyout.

NORWAY - NeoMed's Clavis Pharma appoints new CFO

Stine Rolstad Brenna has been appointed CFO of Oslo-based biopharmaceutical company Clavis Pharma ASA. She joins from a similar position at Avishuset Dagbladet AS, a media and publishing house, where she has had overall financial responsibility.

FINLAND - Eqvitec sells Saraware

Wipro Technologies has signed an agreement to acquire Eqvitec-backed Saraware Oy in an all cash deal. With a consideration of EUR 25m, the transaction includes upfront cash payment and debt takeover in addition to earn-outs on achieving targeted financial...

NL- Valcon acquires more than 97% of VNU shares

Valcon Acquisition BV has announced that it has received more than 97% of the share capital of VNU, allowing it to proceed with a squeeze out procedure to acquire all remaining shares and delist the information and media company from Euronext Amsterdam.

UK - Costcutter backed by Kaupthing

Kaupthing Principal Investments has completed an investment in Costcutter, the convenience food retailer, in a transaction that values the group at approximately £100m. Kaupthing has taken a 20% stake in Costcutter as a result of the deal.

NORWAY - Ferd buys retail chain Nille

Ferd Private Equity Fund II has acquired 70% of the shares in Nille AS and Per Aarskog AS. Mons and Mathias Aarskog will continue to own 30% of the new holding company.

FRANCE - Pechel to invest in Rasec

Pechel is set to invest in Rasec through its fund Pechel Industrie. Previous investors 3i and ABN Amro Capital will not be renewing their commitment on this round of financing.

GERMANY - inge AG receives fresh funds

A syndicate of investors has supplied EUR 6m in growth financing to Clean Technology company inge AG. Siemens Venture Capital, SAM Strategic Asset Management, Stone Fund N.V. and strategic investor Taprogge Watertech GmbH all participated in the round.

FRANCE - Ipnotic Telecom raises EUR 9.6m

A syndicate of investors including Turenne Capital, CM-CIC Capital Privé, CDC Entreprises Innovation and A Plus Finance have injected EUR 9.6m in a first round of financing for Ipnotic Telecom

ITALY - Barclays Private Equity acquires ULKA

Barclays Private Equity has acquired ULKA Costruzioni Elettromeccaniche SpA, a manufacturer of solenoid pumps for coffee machines from entrepreneur Giampiero Rossi for an undisclosed sum. The company, founded in 1975, generated total revenues of EUR 46m...

NORWAY - Norvestor's Panorama buys Boor

Panorama AS has bought the silverware supplier Boor AS for an undisclosed sum. Boor sells Norwegian silverware designs such as Telesølv, Odel and Juvel produced by Boor’s affiliated company, Bordsølv Design AS.

UK - Skype investor joins Benchmark Capital

Benchmark Capital Europe, the early-stage technology venture capital firm, has announced that Klaus Hommels has joined the firm as its first European venture partner. Hommels will work with the firm on both new opportunities as well as Benchmark’s current...