Sector
FRANCE - AXA PE, Partech and Orkos to exit B3G
AXA Private Equity, Partech International and Orkos Capital are set to sell telecommunications company B3G Telecom to Altice for an undisclosed sum.
FRANCE - BNP PE et al. invest EUR 3.5m into Ion Beam
BNP Private Equity, Investis and Vizille Capital Innovation have invested EUR 3.5m into Ion Beam Services (IBS), an ion implantation products company.
USA/UK - Lion Capital provides $80m loan to American Apparel
In a sign of private equity firms adapting to the new environment, London-based Lion Capital has provided AMEX-listed clothing retailer American Apparel with an $80m loan.
BELGIUM - UFG Private Equity invests in BSB International
UFG Private Equity, via its fund FCPI Diadème Innovation III, has invested an undisclosed sum into BSB International (Business Solutions Builders), taking a minority share in the listed company.
FRANCE - CAPE supports Keldélice
Crédit Agricole Private Equity (CAPE) has invested EUR 1.5m into Keldélice, an online fine foods market, in a first round of funding.
UK - Nimbus Partners receives backing
Solon Ventures and Chevron Technology Ventures have invested an undisclosed sum in software company Nimbus Partners.
NORWAY - Borea prepares for de-listing of Software Innovation
Norwegian buyout house Borea, through Borea Opportunity IV AS, has increased its stake in software developer Software Innovation ASA (SOI) to 90.4 % and initiates compulsory squeeze-out.
AUSTRIA - ValueNet-backed Rohe insolvent
According to reports, ValueNet Capital Partners' portfolio company gas station Rohe Group has filed for insolvency.
ICELAND - Baugur files for bankruptcy
Iceland investor Baugur Group files for bankruptcy as the company's petition for extension of the moratorium, an Icelandic legal process for creditor protection, was refused by the District Court of Reykjavik.
SWEDEN - Apax to close Stockholm office
According to press reports, Apax Partners is to close its Stockholm office.
FRANCE - I-Source exits Advestigo
I-Source has sold copyright protection company Advestigo to Hologram industries, a global producer and distributor of high security optical solutions, for an undisclosed sum.
GERMANY - LBBW Venture leads second SimuForm funding round
LBBW Venture Capital GmbH has led a second financing round for software company SimuForm GmbH, alongside EnjoyVenture and KfW, as well as historical investor High-Tech Gründerfonds.
UK - Foresight backs ICA Group buyout with £2m investment
Foresight Group has invested £2m to back the buyout of ICA Group Ltd, a document management solutions provider.
UK - Albion invests £1.5m in Mirada
Albion Ventures has invested £1.5m to back the buyout of software company Mirada from Siemens.
FRANCE - Close Brothers hires new MD
François Wohrer has joined Close Brothers as a managing director in the firm's Paris office.
Of timing and opportunity
The market has ground to a halt. In the UK, deal flow has almost halved from a year ago to just 20-25 deals a month nowadays. But this hides the fact that a strong undercurrent lies beneath. Everyone is busy, trimming down costs, refinancing, reorganising;...
UK - Rutland Partners interested in JJB Sports
According to reports, Rutland Partners is said to have made an approach to JJB Sports regarding a possible acquisition of the firms health and fitness arm.
POLAND - ARX backs pet retailer Kakadu
ARX Equity Partners, an independent firm spawned from DBG Eastern Europe, has acquired a majority stake in Polish retailer Kakadu Sp. z o.o.
Beauty or the beast?
Private equity's bad rap has spread from trade unions to vendors to Brussels. The industry will overcome this for myriad reasons: its attempts to stave off negativity; its ability to efficiently execute deals and, most of all, the fact that sellers may...
SWEDEN - Nordic Capital-backed Plastal files for bankruptcy
Nordic Capital-owned Plastal Holding AB, a supplier of parts to the European automotive industry, has declared insolvency and filed for bankruptcy.
GERMANY - Odewald KMU acquires Ebert Hera Holding
Odewald KMU has acquired the majority of Ebert Hera Holding for an undisclosed sum.