Sector
GERMANY - Montagu abandons BSN Medical auction
Reports suggest that Montagu has decided to abandon the planned auction of medical supplies company BSN Medical, which was expected to achieve a sale price of between EUR 1.8bn - EUR 1.9bn, as a result of the continuing turmoil in the financial markets.
FRANCE - ACG appoints two
ACG, formerly known as Altium Capital Group, has recruited Eliza Nikolova and Nicola Gobbo.
UK - MEP to sell MFI to management
Reports suggest that Merchant Equity Partners-backed kitchen and bathroom retailer MFI Retail Ltd is to be bought back by its management team for around £25m, saving it from collapse.
FRANCE - Crédit Agricole invests EUR 4m into Urbasolar
Crédit Agricole Private Equity, via its fund Capenergie FCPR, has invested EUR 4m into photovoltaic business Urbasolar.
UK - Barclays Ventures invests £5.5m into AWS Group
Barclays Ventures has completed an investment of £5.5m into AWS Group, a provider of specialist electronic manufacturing services, alongside a banking package from Yorkshire Bank.
SWEDEN - Valedo acquires menswear company
Valedo has acquired Oscar Jacobsen, a Swedish menswear chain, from the Bengtsson family for an undisclosed sum.
GERMANY - Odewald & Compagnie sells Zehnacker Group
Odewald & Compagnie has fully exited its stake in facility management company Zehnacker Group in a trade sale to listed French company Sodexo.
GERMANY - NORD Holding backs MBO of IGEL
NORD Holding Unternehmensbeteiligungsgesellschaft mbH has taken a majority stake in thin clients company IGEL Technology GmbH as part of a management buyout from parent company the Melchers Group. Melchers Group and managing partner Heiko Gloge will together...
SWEDEN - KTH and STING invest in fuel cell company
KTH Chalmers Capital and STING Capital have invested in fuel cell company myFC AB as part of a SEK 22m funding round, alongside the Sixth Swedish Pension Fund and business angels.
SWEDEN - STING invests in technology companies
STING Capital has invested a total of SEK 5m into three technology companies; Oculus AI, Predect and Zebor Technologies.
EUROPE - Permira hires new senior adviser
Permira has hired David Williams as a senior adviser in the industrial and product services sector.
GERMANY - Mantra invests in Arques
French investment firm Mantra is in the process of completing a deal to increase its stake in listed industrial holding Arques Industries.
EUROPE - Private equity attracted to logistics
According to a new study by PricewaterhouseCoopers, private equity buyers are increasingly targeting investments in the transport distribution and logistics sectors.
ITALY - Arca Impresa achieves 42% IRR from Garioni SBO
Arca Impresa Gestioni SGR has sold its majority stake in engineering business Garioni Naval in a secondary buyout to Cape-Natixis valued at approximately EUR 16m, achieving a 2.5x money multiple and a 42% IRR over the course of the investment.
GERMANY - HAARMANN strengthens corporate real estate practice
HAARMANN has hired Dr Sebastian Gronstedt to its real estate and notary practice.
FRANCE - Cognetas appoints associate
Cognetas have recruited Antoine de Péguilhan as a new associate in its Paris office.
FINLAND - CapMan promotes two
CapMan’s buyout team has promoted Jan Mattlin to partner and Sebastian Schauman to investment manager.
NORWAY - NeoMed hires partner
NeoMed Management has hired Gert Caspritz as senior investment professional and partner.
GLOBAL - Permira appoints senior adviser
Permira has appointed David Williams, former CEO of SIG Plc, as senior adviser.
UK - Eden backs USD 12.5m VOSS financing
New investors Eden Ventures and Paris-based XAnge Private Equity have joined existing backer Pyrford Enterprises in a USD 12m series-B funding round for unified communications service delivery software provider VOSS.
FRANCE - I-Source exits NETIA
I-Source has sold its stake in software developer NETIA to GlobeCast, a subsidiary of France Telecom.
UK - Close Ventures invests £1.4m in healthcare business
Close Ventures has backed Prime Care Holdings Limited, a domiciliary care agency, with funding of £1.4m.
Greasing the wheels
Fund administration providers offer a compelling service but their low penetration of the market suggests they still have much work to do to convince private equity firms of their benefits. By Nathan Williams
SWITZERLAND - Capvis and HgCapital join forces on KVT
Capvis and HgCapital have agreed a co-investment in industrial parts company Koenig Verbindungstechnik AG (KVT).