Sector
UK - Solon hires investment associate
Solon Ventures has hired Shufan Lin as investment associate.
FRANCE - LBO France to divest Cegelec
According to reports, LBO France and the management team have entered exclusive negotiations with Qatari Diar after seeing around ten offers tabled for electrical engineering group Cegelec. The asking price is thought to be around EUR 1.7bn.
UK - Carlyle acquires Cash Systems in £360m deal
The Carlyle Group, through its fund Carlyle Europe Partners III, has acquired Cash Systems, a provider of cash handling technology, from De La Rue Plc for an enterprise value of £360m.
UK - Liautaud to join Balderton Capital
Balderton Capital has hired Benard Liautaud as general partner.
GERMANY - 3i sells German portfolio to Heidelberg Capital
3i Group Plc has sold a portfolio of 23 minority stakes in German companies to Heidelberg Capital for an undisclosed sum. This represents the second portfolio of investments 3i has divested in the last two months as part of its plan to sell off small...
UK - IMAC invests £7m into Review Centre
Ingenious Media Active Capital (IMAC) has invested £7m into Review Centre Ltd, a newly formed company that has been set up to acquire review website operator Resource Team Ltd, in exchange for 71.5% of the company's shares.
UK - 3i Infrastructure buys £86m of utilities debt
3i Infrastructure has invested £86m to buy debt in utilities including Thames Water, Viridian and National Grid Wireless.
CEE - Warburg Pincus sells Euromedic to ALS and Merrill Lynch
Ares Life Science (ALS) and Merrill Lynch's private equity arm have acquired Hungarian healthcare provider Euromedic International from its current shareholders including Warburg Pincus. The deal originated through a Rothschild-led auction, in which several...
GLOBAL - 3i Infrastructure raises fresh funds
Despite the current sombre economic backdrop, 3i Infrastructure has launched a £114.6m new share issue to increase its warchest for investing in global infrastructure assets. The firm is issuing just over 108 million new shares at a price of 106 pence...
EUROPE - Industri Kapital re-brands as IK Investment Partners
Industri Kapital has changed its name to IK Investment Partners (IK) to mark the evolution of the firm’s investment and geographic focus.
ITALY – Intesa Sanpaolo backs outsourcing firm
Imi Investimenti, part of the Intesa Sanpaolo Group, has acquired a 14% stake in outsourcing company Data Service through portfolio company Praxis Calcolo, one of Imi’s portfolio companies.
GERMANY - TVM Capital leads funding round for Winbox
Lead investor TVM Capital and angel-entrepreneur Robert Schneider have completed a first round of financing for Winbox Technologies AG, a provider of OEM technology solutions for Windows-based TV-centric consumer electronics.
UK - Advent set to submit second round bid for Craegmoor
Advent International is set to submit a second round bid to acquire Craegmoor Heathcare, a care home provider, reports suggest.
BELGIUM - Carlyle completes exit from Transics
Carlyle has sold its 42.2% stake in Transics, a provider of on-board computers and fleet management solutions for the transport and logistics sector, to Parcom. The transaction consisted of a block trade covering 16.5% of the outstanding share capital...
UK - YFM invests £300,000 in eflow
YFM Group managed South West Ventures Fund has invested £300,000 in eflow Ltd, a specialist software developer for the banking and financial industry.
GLOBAL - LPs concern over GP strategy shift
According to a global barometer by Coller Capital, global LPs are worried about recent GP strategy shifts as the credit crisis continues to bite.
BELGIUM - GIMV sells five holdings to Becap
GIMV and Halder IV, which is owned by GIMV's subsidiary Halder, have sold five minority shareholdings to BECAP, a fund specialising in secondary transactions. The sales have had a negative impact of -EUR 800,000 on GIMV’s last equity value.
SPAIN – Inova Capital becomes main shareholder of DiLartec
Inova Capital has invested a further EUR 1.1m in technology company DiLartec and has become its main shareholder with more than a 90% stake.
SPAIN – Benson Elliot Capital acquires stake in real estate developer
Private equity real estate firm Benson Elliot Capital Management has acquired a 70% stake in Spanish developer Promobuilding SL for an undisclosed sum. The balance stake will be retained by the management.
GERMANY - GMT and Peacock acquire Bigpoint for EUR 70m
GMT Communications Partners, together with the Peacock Equity Fund, a joint venture between GE Commercial Finance’s Media, Communications & Entertainment business and NBC Universal, have agreed to acquire browser-based multiplayer online games company...
UK - RBS backs secondary MBO of PSCA
Royal Bank of Scotland's Total Capital Finance division has backed the secondary management buyout of PSCA International, a provider of publications, media information and events to the public sector, from Aberdeen Asset Managers for an undisclosed sum.
CEE - Intel Capital and 3TS invest EUR 28m into Internet Mall
Intel Capital and 3TS Capital Partners have, through the holding company Netretail Holding, acquired a minority stake in Czech online retailer Internet Mall for EUR 28m. The founders retain control of the company.
SPAIN – Highgrowth backs real estate search engine
Highgrowth Partners has invested approximately EUR 1m in real estate search engine Nuroa, thus closing its first deal of 2008 and its fourth overall transaction.
GERMANY - Wellington Partners invests in amiando
Wellington Partners has led a series-A round of financing for amiando, an online events organizing platform, alongside co-investor Adinvest.