Sector
SPAIN – Dinamia writes down BodyBell and Colegios Laude
Dinamia, the listed vehicle of N+1 Private Equity has written down its investments in personal goods retailer Bodybell and private schools group Colegios Laude.
FRANCE - BNP Développment in EUR 5.2m round for Télé-Animaux
BNP Développment has lead a EUR 5m financing of Télé-Animaux (formerly Buena Media), a media group focused on pets, to support the firms external growth plans. BNP Dévelopment provided nearly half of the total investment.
NETHERLANDS – PPM Oost backs ProductIP
PPM Oost (East Netherlands Participation Company) has invested an undisclosed sum in business support services firm ProductIP. The investment was made possible with EU ERDF funds and a contribution from the province of Gelderland.
UK - Octopus Ventures appoints investor director
Octopus Ventures, specialist investors in UK-based early-stage and expanding companies, has hired Jo Oliver as investor director.
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 €150m 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 £1.5m 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.
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