Sector
FINLAND - Management buys Sentica's small cap business
Sentica Partners has sold off its small cap business area to key management who will continue operations under the name Canelco Capital Ltd, focusing on MBO and MBI transactions in small- to medium-sized companies.
GERMANY – Yellow&Blue joins P21 backers in EUR 10m round
Yellow&Blue Investment Management has led a EUR 10m financing round in P21 GmbH alongside management and existing investors Target Partners and Conduit Ventures.
UK/SPAIN - Nordic Venture and LongAcre divest Player X
Nordic Venture Partners and LongAcre Partners backed entertainment company Player X has been acquired by Spanish mobile content and service provider Zed Group (formerly La Netro Zed), owned by US private equity firm Veronis Suhler Stevenson (VSS). The...
Europe - Merrill Lynch divests stake in Kreos Capital III
Investment bank Merrill Lynch has reportedly divested its original тЌ150m commitment in venture debt fund Kreos Capital III, the 2006 vintage fund of Kreos Capital.
NORWAY - IK-backed Kid in talks with bank over ownership change
IK Investment Partner's (IK) portfolio company Kid Interiør, a textile retail business, is in discussions with its main sponsor Norwegian bank DnB NOR regarding a transfer of ownership to the bank after running into trouble over its loans.
UK - Eden Ventures et al. further invest in VoiceVault
Eden Ventures has further invested in Biometric Security's VoiceVault, the specialist provider of voice-based biometric identity verification solutions, as part of a ТЃ1.5m round of funding. Software development expert Kevin Lomax also contributed and...
GERMANY/ITALY - Mid Europa Partners sells three companies to CER
Mid Europa Partners has sold three companies to CER Europe Holdings, a portfolio company of Atlas Holdings.
SPAIN - AC Desarrollo ups its stake in Musgo to 87.5%
AC Desarrollo, the private equity arm of Grupo Ahorro Corporación, has carried out a capital increase in chain retailer Musgo - upping its stake to 87.5%.
UK - Gresham-backed Betts acquired by lenders
Gresham-backed toothpaste tube maker Betts Global has been acquired by its lenders in a pre-pack administration after breaching its banking covenants.
FRANCE - AXA PE poised to acquire Areva unit
According to reports, AXA Private Equity is planning to team up with an industrial partner to purchase global nuclear energy company Areva's power distribution unit, which is thought to be worth around EUR 3bn.
GLOBAL - Houlihan Lokey hires corporate finance MD
International investment bank Houlihan Lokey has hired Tad Flynn as managing director of corporate finance.
Hermes Private Equity wagers future for Riva
It's all fun and games, until legislation makes you cry
Gambling on gaming
Deborah Sterescu speaks to John Hagan of Harris Hagan, a law firm specialising in gaming and leisure laws
CIS - EBRD may back Dragon's Virgin Fund
The European Bank for Reconstruction & Development (EBRD), the largest investor in Central & Eastern Europe, may invest up to $30m in the Europe Virgin Fund, a vehicle sponsored by Dragon Capital to invest in FMCG, retail, industrials, telecom, media,...
FRANCE - Turenne provides EUR 1.7m to fund Satam acquisition
Turenne Capital has provided portfolio company Satam, a provider of industrial metering systems, with EUR 1.7m to finance the purchase of sector rival Meci.
UK- Blackstone-backed Deutsche Telecom may sell UK operations
Blackstone-backed Deutsche Telecom is reportedly under pressure from its main shareholders to sell its troubled UK mobile operations, T-Mobile.
Rubbish deals
Prior to Lehman's collapse, the environment was one of the main issues on many government agendas. With dealflow all but dried up owing to financing difficulties, waste management stands out as a defensive sector
The solar system
Of the various technologies that make up the renewable energy sector, it is solar that absorbs the most capital. European and government incentives make it an attractive investment for both GPs and banks despite the economic slowdown. By Francinia Protti-Alvarez...