Sector
Some sunny day...
Following a near barren second half of 2008, which saw an almost complete drying up of debt financing amidst a collapse in the global banking sector, buyout houses will now be looking optimistically to the year ahead. However, it may be some time before...
Evolving infrastructure
In recent years the amount of capital being raised for dedicated infrastructure funds has risen substantially and the sector has emerged into a major new area for investment. With raising and deploying capital in the traditional LBO market becoming increasingly...
UK - HIG acquires FNZ Holdings
HIG Europe has acquired financial services company FNZ Holdings Ltd for an undisclosed sum.
UK - Phoenix appoints two to management committee
Phoenix Equity Partners has appointed partners David Burns and Richard Dew to its Management Committee.
UK - Cognetas in restructuring talks
It is understood that Cognetas is in talks with lenders about restructuring the debts in four of its portfolio companies, namely: SGD, the 110-year-old French glassmaker; plastic surgery group Covenant Healthcare, owner of the UK's leading breast enhancement...
EUROPE - BioMedPartners holds first close of second fund on CHF95m
BioMedPartners has held a first close of BioMedInvest II on CHF95m.
FINLAND - Bridgepoint launches EUR 162m offer for Terveystalo
Bridgepoint has launched a cash offer for listed Finnish healthcare provider Terveystalo Healthcare Oyj valuing the company at EUR 162m.
UK - Private equity to rescue Wolseley
Reports suggest that several private equity houses are among the potential investors in talks to save quoted building materials retailer Wolseley.
UK - 3i-led consortium to bid for Gatwick
According to reports, a consortium led by 3i and two Canadian pension funds is among at least five groups set to present their non-binding offers to Ferrovial for Gatwick airport, with analysts suggesting that the airport could be valued at £2bn.
FRANCE - Actem Partners exits Datavance
Actem Partners has sold its minority stake in Datavance, an IT services firm, to Adecco. Founders Stephane Lévy and Eric Rozanes retain a stake and remain with the company.
FRANCE - AXA PE purchases 16.7% stake in Lusis
AXA Private Equity has acquired parts of Fairchild's shareholding in software company Lusis. Following the transaction, AXA PE will hold a 16.7% stake in the company.
LUXEMBOURG - AFINUM acquires Wallenborn
German private equity house AFINUM Management GmbH has acquired transport logistics firm Wallenborn Group in a deal valued at EUR 25-50m.
ITALY - PM&Partners closes second fund on EUR 340m
PM&Partners has closed its second fund on EUR 340m, EUR 40m above its initial target.
FRANCE - Tocqueville Finance strengthens fund team
Tocqueville Finance has hired Pascale Noguera as president to its investment committee. The appointment completes the investment team for the fund Tocqueville Investissement Privés (TIP) comprised of Benoit Panhard and Vincent Foucart.
UK - Hilco considers Allied Carpet acquisition
Reports suggest that turnaround specialist Hilco is considering an acquisition of flooring retailer Allied Carpets.
UK - BIIF acquires Infrastructure Investors
Barclays Integrated Infrastructure Fund (BIIF), a new fund managed by Barclays Private Equity, has acquired Infrastructure Investors, a portfolio of 84 investments in operational PFI/PPP projects, for £558.6m.
GLOBAL - Advent International promotes 18
Advent International has promoted 18 members of its global investment team.
UK - Intel leads $ 11m Tribold funding
Intel Capital has led an $11m funding round for management software provider Tribold, alongside existing backers DFJ Esprit and Eden Ventures.
SWEDEN - Candover appoints senior adviser for the Nordic region
Candover has appointed Fredrik Arp, former CEO of Volvo, as senior adviser with a particular focus on the Nordic region.
IRELAND - Mianach leads EUR 1.25m RevaHealth funding
Existing backer Mianach Venture Capital has led a EUR 1.25m funding round for health clinic search engine RevaHealth.com, alongside Enterprise Ireland.
UK - Rutland promotes two
Rutland Partners has promoted Oliver Jones and David Wingfield to the position of investment director.