Sector
UK - Braveheart appoints new CFO
Braveheart Investment Group Plc has appointed Colin Grant as chief financial officer.
FRANCE - CIC acquires ORC
CIC LBO Partners has supported the management buyout of public relations and human resources advisory firm ORC Image et Stratégies d’Employeur, alongside CM-CIC Capital Privé.
FRANCE - Advent spins out Experian card processing unit
Advent International, along with La Poste subsidiary Doc@post, has acquired the transaction processing activities of information processing business Experian France for a total consideration of EUR 203m.
UK - PwC hires two telecoms specialists
PricewaterhouseCoopers has hired Gary Taylor and Henrik Buss to its TMT practice.
SWEDEN - NVP invests SEK 23m into Jalbum
Existing investor Nordic Venture Partners (NVP) has invested SEK 23m into Jalbum, which operates an online community for personalised photo sharing, in a second round of funding.
ITALY - Aletti sells Lovato Gas for EUR 63m
Aletti Private Equity has sold industrial manufacturer Lovato Gas (formerly Officine Lovato) to sector rival Landi Renzo, in a deal that values the company at EUR 63m.
GERMANY – HTGF and Bayernkapital sell Vanatec
High-Tech Gründerfonds (HTGF), Bayernkapital and the founders have sold software company Vanatec GmbH to strategic investor Telerik AD, based in Bulgaria, for an undisclosed amount.
GERMANY – IK-backed Schenck Process acquires Screenex
Measuring and process equipment maufacturer Schenck Process, which is backed by IK Investment Partners, has completed the acquisition of Australian company Screenex, a manufacturer of poly and rubber screening media/panels.
UK - Prices fall to lowest level for six years
According to the latest Private Company Price Index, published quarterly by corporate advisory firm BDO Stoy Hayward, the average entry multiple being paid by private equity firms (PEPI) dipped by 14% in Q2 2008 to 11.1x earnings - the lowest level for...
ITALY - Argos Soditic and MPS bid for Sorin accepted
It is understood that a consortium led by Argos Soditic and MPS has presented a takeover offer for the renal unit of healthcare business Sorin Group, which has been accepted in exclusivity.
SPAIN - Buyout houses considering investment in Prisa
Reports suggest that buyout houses KKR, TPG Capital and Apax Partners are among several private equity groups considering an investment in media conglomerate Prisa.
UK - Catalyst and RIT exit MessageLabs in USD 695m deal
Catalyst Investors and RIT Capital have wholly exited their investment in software company Message Labs Ltd in a trade sale to Amercian software business Symantec valued at USD 695m.
SWEDEN - Initium et al invest SEK 4.5m into Medfield
A syndicate of investors, comprising Initium, K-Svets Ventures, Salhgrenska Science Park, Innovationsbron and business angels, has completed an investment of SEK 4.5m into Medfield Diagnostics, a medical device company.
FRANCE - 21 Centrale Partners sells AFU to Amlin
21 Centrale has wholly exited its investment in Anglo French Underwriters (AFU), an underwriting agent for Lloyd’s of London in France, to Amlin Plc, a UK based insurance and reinsurance company.
DENMARK - VIA supports mobilePeople with DKK 40m investment
Via Venture Partners has invested DKK 40m into mobile search company mobilePeople.
FRANCE - CAPE acquires Sepchat and Ludovic Le Gall
Crédit Agricole Private Equity (CAPE), through CACI 3, has completed the dual acquisition of recycling businesses Sepchat and Ludovic. The companies will be merged into a single entity, in which CAPE will hold a 60% stake.
CEE - Horizon and IFC invest USD 15m into Evrotek
Horizon Capital, through Emerging Europe Growth Fund, and IFC have invested USD 15m into Ukrainian food retail chain Evrotek Group.
FRANCE - AXA PE and CDC in partial exit of Saur
AXA Private Equity and Caisse des Dépôts (CDC) have sold a portion of their interest in Hime, the holding company of water services business the Saur Group, to CUBE Infrastructure.
UK - NVM invests £7m to back buy-and-build of CloserStill
NVM Private Equity has invested ТЃ7m into CloserStill Holdings Ltd, a newly created platform company in the events and exhibitions industry.
UK - Alix appoints Dan Murphy
Alix Partners has appointed Dan Murphy as director in its performance improvement practice in London.
SWEDEN - Axcel takes 90% stake in John Bauer Organization
Axcel has acquired a 90% stake in Swedish education company John Bauer Organization AB (JBO) from founder Rune Tedfors. Tedfors will retain a minority stake.
SPAIN - Talde looking to sell Oscainox
According to rumours, Grupo Talde has entered negotiations regarding the sale of industrial group Oscainox to a strategic player.
ITALY – MPS backs EUR 6m PharmEste funding
MPS Venture and Mitsubichi Tanabe Group, via its MPH Healthcare fund, have subscribed to a EUR 6m financing round for biotechnology firm PharmaEste, alongside existing investors Z-Cube and Quantica.
UK - Pentech backs USD 2m Metaforic funding
Pentech Ventures and the Scottish Co-Investment Fund have made an investment of USD 2m into Metaphoric Ltd, a provider of anti-tamper software solutions.