Sector
SPAIN - Basque country Sgcer backs industrial player
Basque government private equity firm Sgcer, and local savings banks BBK, Kutxa and Vital have acquired a 16.3% stake in industrial company Ramón Vizcaíno in a deal valued at EUR 4.5m. The remaining stake is retained by the company’s owners.
UK - Emap gets new chief executive
Apax and Guardian Media Group have appointed David Gilbertson as the new chief executive of recently acquired Emap.
GREECE – Marfin sells 20% of OTE in a EUR 2.5bn transaction
Marfin Investment Group has sold its 20% stake in Greek telephone company OTE to Deutsche Telekom in a deal valued at approximately EUR 2.5bn.
UK - SEB Venture invests $12m in ShoZu
SEB Venture Capital has led a $12m series C round of financing in mobile social media services provider ShoZu Inc. Previous investors Atlas Venture, Crescendo Ventures and TTP Ventures also participated.
UK - Inflexion backs buyout of Pims
Inflexion Private Equity has led the management buyout of waste water support services company Pims Group. It acquired the company from Gresham Private Equity who made a 3.4x return from the exit.
UK - Langholm sells Dorset Cereals
Langholm Capital has sold musli brand Dorset Cereals to Wellness Foods for ТЃ50m, generating a reported 4-fold return.
NORWAY - Nordic Capital recruits new Norwegian partner
Tom Vidar Rygh has joined Nordic Capital as a partner. He will be responsible for Nordic Capital’s focus in Norway where the GP is looking to source more deals going forward.
SPAIN – Tandem closes first fund on EUR 50m
Tandem Capital Gestión has reached the final closing of its first fund on EUR 50m.
FINLAND - Conor Ventures invests in Eniram
Conor Ventures has invested an undisclosed amount in Eniram, a Finnish developer of instruments for the maritime industry.
UK - Partnership Investment and YFM invest £1m in REM Probe
Partnership Investment Finance and YFM Venture Finance have invested ТЃ1m in software company REM Probe. YFM invested through its Yorkshire and Humber Equity Fund.
Ireland - Delta Partners and Enterprise Ireland exit Xiam
Delta Partners and Enterprise Ireland have sold their stakes in software company Xiam to Nasdaq listed Qualcomm. Qualcomm has acquired Xiam for $32m.
UK - New Enterprise Associates leads £2m round in advertising company
New Enterprise Associates has led a ТЃ2m funding round in mobile advertising company Rapid Mobile Media. Edinburgh-based Rapid Mobile Media was founded in February 2004 and has launched a white-label platform for mobile advertising.
NORWAY - Eqvitec backs KSD Software Norway
Eqvitec Technology Fund III has invested in KSD Software Norway AS, an Oslo-based software company.
GREECE - Vivartia strengthens its position in the Greek food market
MIG's food and beverage investment arm, Vivartia, is preparing a bid for the Everest group and Olympic catering, both Athens-listed food service companies. The deal will be done through newly created holding company Alkmini Catering. Vivartia owns 51%...
UK - Third Financial changes name
Third Financial, launched last year by Stewart Foster and Roger Foster to take controlling stakes in companies operating in the financial software and services sector, has changed its name to Third Financial Ventures.
GERMANY - Capiton sells Borsig
Capiton AG has sold its stake in Borsig Group to listed Malaysian firm KNM Group for EUR 350m.
ITALY – Batra brothers and Barclays acquire sports brand Fila
Indian brothers Rajiv and Rajesh Batra, alongside Barclays Ventures, have acquired sports clothing manufacturer Fila in a deal valued at approximately EUR 100m.
FRANCE - CM-CIC Capital Privé backs buyout of EPS
CM-CIC Capital Privé has acquired industrial cleaning company EPS. CM-CIC funded the deal through its FIP Select Paris Rhône 5 and FIP Select France 6 funds.
UK – YFM in £6m MBO of Fishawack
YFM Private Equity has invested ТЃ2.55m to back the ТЃ6m MBO of Fishawack, a specialist medical communications business. Other investors included the Chandos Fund which invested ТЃ2.05m and the British Smaller Companies VCT which invested ТЃ0.5m. Co-op...
SPAIN – Debaeque invests in software firm Oasyssoft
Barcelona-based venture firm Debaeque has invested EUR 3m in software company Oasyssoft.
SWEDEN - Procuritas acquires Olivia Group
Procuritas has acquired the majority of the shares in Olivia Group, a company that specialises in personal assistance for functional impaired individuals and elderly care services, for an undisclosed value. The management and its founder, Karsten Inde,...
Opportunities for innovation
A survey published at the end of January by the Organisation for Economic Co-operation and Development (OECD) reported a very positive situation for the Netherlands. Despite stagnation at the beginning of the century, the Dutch economy is now in good...