Sector
Doing deals
A number of high-profile litigation cases in the US have brought the spotlight firmly onto private equity deal structures, but how are transactions on this side of the Atlantic fairing? Ashley Wassall investigates
Growing pains
The mid-market appears to be in relative good health and Southern Europe continues to clock up deals - even sizeable ones: as highlighted by the EUR1.1bn injection into Italian telecom holding Weather Investments by Apax, Madison Dearborn and TA Associates....
FRANCE - Advent takes stake in Gérard Darel
Advent international has acquired a stake in fashion retailer Gérard Darel. The investment will be used to realise the company’s expansion plans.
UK - Bridges backs The Gym with £1m
Bridges Ventures has invested a first tranche of £1m in The Gym, a low cost gym provider.
ITALY – DGPA acquires 70% stake in industrial group
DGPA Capital has acquired a 70% stake in industrial holding Viterie Italia Centrale (VIC), with the remaining 30% being retained by the son of the founding owner, Carlo Perini.
FRANCE - Oséo backs EUR 580,000 Neli financing
Start-up business Neli Technologies, which develops technology for the digital television sector, has secured EUR 580,000 in new financing, with EUR 260,000 coming from Oséo, EUR 220,000 from business angels, EUR 100,000 from Bretagne Jeunes Entreprises,...
SWEDEN - Verdane acquires portion of Pelago portfolio
Verdane Capital has acquired a portion of three of Pelago Venture Partner’s portfolio companies for an undisclosed sum.
DENMARK - Doughty Hanson acquires Svendborg for EUR 460m
Doughty Hanson has acquired 100% of Svendborg Brakes A/S, a provider of industrial brake solutions, for EUR 460m from the two founding entrepreneurs.
UK - Oxford Capital Partners makes appointment
Oxford Capital Partners has appointed Richard Hoskins as private client services manager.
FRANCE - TechFund leads EUR 5m investment into Miyowa
TechFund Europe, alongside Crédit Agricole Private Equity, has invested EUR 5m into software company Miyowa in a second round of financing. Venture capital firms Techfund and Sophia Euro have both previously supported the company with EUR 1.5m, taking...
FRANCE - AGF PE continues to back Yoono
AGF Private Equity has returned for a EUR 4m round of financing for Yoono, a software developer. Previously AGF Private Equity had invested EUR 1.7m in first round of funding in 2006.
The problem with pension funds
With pension liabilities increasing buyouts of pension funds are on the rise, but what are the implications for private equity? By Ashley Wassall
GERMANY - CornerstoneCapital AG acquires Stanniolfabrik Eppstein
CornerstoneCapital has acquired a majority stake in technical metal foils producer Stanniolfabrik Eppstein from JL Goslar Group for an undisclosed amount, alongside co-investors including Columbus Investment AG and company CEO Dirk Mälzer.
GERMANY - Hannover Finanz acquires Giesserei Industrie Holding Isselburg
HANNOVER Finanz has acquired a 70% stake in foundry Giesserei Industrie Holding Isselburg GmbH for an undisclosed amount, with the management continuing to hold the balance of the equity.
EUROPE - EVCA publishes study on global scenario for private equity
A new report by the EVCA, Global Scenarios for Private Equity and Venture Capital, presents four potential scenarios for global economic development over the coming decade and the impact these will have on the development of the private equity industry.
ITALY - 3i invests EUR 118m in AP Bags
3i has signed an agreement to invest EUR 118m for a 49% stake in the handbags and accessories division of Antichi Pellettieri Spa, the Italian branded leather accessories subsidiary of Mariella Burani Fashion Group. The deal will see the division spun...
UK - 3i acquires Uponor infrastructure unit in £100m deal
3i has acquired Finland-based Uponor Corporation's UK infrastructure unit in a buyout that values the company at £100m.
SPAIN - Kennet leads EUR 22m funding round for software firm
Kennet Partners has led a EUR 22m series-B financing round for software developer NTRGlobal, alongside Atlas Ventures and existing investors Debaeque and Elaia Partners.
NORWAY - CapMan and InnovationsKapital fund Crayon
CapMan Technology 2007 fund and InnKap 4 have invested an undisclosed sum in Crayon, an IT consultancy business that is owned by Norwegian parent Artix AS, for a 20% stake in the parent group with equal holdings after the transaction has closed. The current...