Sector
FRANCE - Partech, Elaia and IRDI invest EUR 2.3m in GooJet
Partech International, Elaia Partners and IRDI have announced a EUR 2.3m investment in mobile software developer GooJet.
GERMANY – KKR and Permira acquire 12% of ProSiebenSat.1
KKR and Permira have together acquired an additional 12% of listed German television corporation ProSiebenSat.1 Media AG for EUR 509.4m. The 12% shareholding was previously held by publishing group Axel Springer.
FRANCE – 3i backs online retailer Twenga
3i has invested approximately EUR 2.6m in online retailer Twenga.
UK - Gresham scoops 4x on Warings exit
Gresham Private Equity has scooped returns of 4x from the sale of building contractor Warings. The Portsmouth-based business has been acquired by French Group, Bouygues Construction. Gresham invested ТЃ3m to support the ТЃ12m management buyout of Warings...
UK - Barclays Ventures completes £15m training services MBO
Barclays Ventures has completed the ТЃ15m management buyout of Develop Training (Develop), a leading provider of training services to the utility sector. HSBC Leveraged Finance provided acquisition debt facilities. The deal represents Barclays Ventures'...
GERMANY - bmp and VC-Fonds Berlin finance mobile DailyME.TV
bmp Media Investors AG & Co. KGaA and the VC-Fonds Berlin are taking a stake in mando.TV GmbH with its mobile phone TV-platform DailyME.TV. bmp Media Investors and VC-Fonds Berlin each assume just under 24%, yoc AG 2%, with the majority of the company...
UK - Exponent acquires Radley handbags from Phoenix in £130m deal
Exponent Private Equity has acquired Radley + Co, the ladies handbag and accessories brand, from Phoenix Private Equity in a ТЃ130m secondary buyout deal. Radley + Coтs revenues are expected to exceed ТЃ60m in the year to end of April 2008 and have increased...
GERMANY – Advent International sells SAG to EQT V
Advent International has sold SAG, a European provider of energy-related infrastructure services to utilities, to EQT V, for an undisclosed sum. SAG provides build and maintenance outsourcing services for utilities in their transmission and distribution...
GREECE – Government takes legislative steps to prevent Marfin building stake
Marfin Investment Group will be unable to stage a hostile takeover bid for Greek telecoms group OTE following a new piece of legislation issued by the Greek government which is to limit the stakes foreign investors can hold in strategic businesses. The...
UK - Gresham completes fourth deal in two months
Gresham Private Equity has completed its fourth deal in two months. Gresham has invested ТЃ21m in Hotter Shoes, a Lancashire-based manufacturer and multi-channel retailer of shoes. Hotter generates sales of ТЃ38m per year and aims to double its turnover...
HUNGARY - Riverside adds Novamed to Diatron
The Riverside Company has acquired Novamed , an Israeli company operating in the field of microbiology and infectious disease testing. The company is an add-on to the platform company Diatron , a Hungarian-based manufacturer of haematology analysers...
BENELUX - 3i Benelux makes two appointments to advisory board
3i Benelux has announced the appointment of Marc van Gelder and Marcel van Poecke to its advisory board. Laurens Jan Brinkhorst, the former Minister of Economic Affairs in the Netherlands, had joined the advisory board in February. Van Gelder and van...
FRANCE - Tetco raises additional EUR 2.1m
ACE Management has invested an additional EUR 2.1m in VoIP specialist Tetco, bringing total funds raised to EUR 10m.
ITALY – Cape Live invests EUR 4.98m in Area Impianti
Cape Listed Investment Vehicle in Equity (Cape Live) has committed EUR 4.98m to environmental company Area Impianti. The deal sees Cape Live take a 10.9% stake in the company.
SWEDEN - Credit squeeze threatens EUR 6bn Vin & Sprit sale
The sale of Vin & Sprit, owner of the Absolut vodka brand, by the Swedish government might be delayed due to current conditions in the credit market. Vin & Sprit is one of six companies which the Swedish government is planning to sell over the next few...
UK - Aberdeen invests additional £2m in Transys
Aberdeen Asset Managers Growth Capital has completed a ТЃ2m follow-on investment in Transys Holdings Ltd, a rail maintenance business. Aberdeen originally completed the management buyout of the Birmingham-based company in 2002, investing ТЃ1.65m for a...
FRANCE - Streamezzo raises EUR 15m from existing investors
Mobile content software business Streamezzo has raised an additional EUR 15m from Sofinnova Partners, AXA Private Equity, I-Source Gestion, Qualcomm and NTEC.
UK - YFM leads £630,000 BeCheeky investment
YFM Group has led an investment of ТЃ630,000 into BeCheeky.com, a specialist retailer of hard-to-find and selected mainstream lingerie.
NORWAY - Sarsia Seed invests in WindSim AS
Sarsia Seed has acquired a minority stake in WindSim AS, a Norwegian software provider for windmill companies. The new capital will be used to fuel the business’ organisation in order to better respond to market demand, and to develop further products....
EUROPE - CVC launches new infrastructure business
CVC Capital Partners has announced the launch of a new infrastructure investment business, with Stephen Vineberg appointed as chief executive.
ITALY – Arca Impresa transfers control of Cemp to Indian company
Arca Impressa has transferred 100% of its stake in Cemp to ABG Engineering & Constructions in a deal based on the EUR 27m company value. The company is backed by Indian GP Tano Capital.
UK/SWEDEN - Beringea portfolio company Espresso expands into Sweden
Beringea portfolio company Espresso Group, a provider of digital curriculum services, is to expand into the Swedish primary education market. The Groupтs Espresso Education subsidiary has signed an exclusive agreement with Liber, a division of Infinitas...
UK - Warburg Pincus sells LMG for £368m
Warburg Pincus has sold LMG, the owner and operator of the Nectar programme, to Aeroplan for a total consideration of ТЃ368m. Toronto Stock Exchange-listed Aeroplan is a leading loyalty marketing agency in Canada.
FRANCE - CAPE backs MBO of Groupe Pommier
Crédit Agricole Private Equity (CAPE) has completed the management buyout of industrial machinery business Groupe Pommier.