Sector
UK - Generation Investment Management closes fund
Generation Investment Management has closed its Climate Solution Fund at $683m. The fund has been raised purely from Generation's existing investor base.
UK - Warburg Pincus acquires Safetykleen for £565m
Warburg Pincus has acquired Safetykleen Europe, a pan-European industrial service provider, a deal worth £565m. The investor has acquired a majority stake.
GERMANY - EQT Partners sells remaining stake in Togum
EQT Partners has sold its remaining 22.3 percent stake Tognum AG to strategic investor Daimler AG.
UK - Private equity-backed IPOs outperform
According to research by Cass Business School, commissioned by the BVCA and the London Stock Exchange, private equity-backed companies perform better on listing than companies backed by other sources of capital. The key findings in the study included:
FINLAND - Nordic Capital acquires CPS Color from IK
Nordic Capital has acquired CPS Color, a Vantaa-based supplier of tinting systems, from Industri Kapital for an undisclosed sum.
UK - Geocapital and HgCapital sell loss-making Axiom
Geocapital and HgCapital have sold service fulfillment software Axiom Systems Holding Ltd to Finnish telecom software solutions provider Comptel for £7m in an all-equity deal.
UK - Highland Capital invests in Autoquake
US-based Highland Capital Partners has led the £6m second round of funding in online used care retailer Autoquake alongside returning backer Accel Partners.
SPAIN – Nomura launches turnaround fund in Spain
Japanese investment bank Nomura has launched Thesan Capital in Spain, a private equity house specialising in turnarounds.
SPAIN – Santander creates fund dedicated to renewable energy
Santander Private Equity, a subsidiary of Grupo Santander has launched Santander Energías Renovables I, a EUR 15m fund.
UK - HgCapital expands UK Wind Farm portfolio
HgCapital's portfolio company RidgeWind has acquired equity rights to a pipeline of 90MW wind farms from co-developer Wind Prospects. RidgeWind has also completed the £18m project financing of the Bagmoor Wind Farm.
SPAIN – Arques takes over courier company
Arques Iberia, the Spanish subsidiary of Arques Industries has acquired parcel delivery service, Agencia Servicios Mensajeria (ASM), for a symbolic purchase price.
UK - Adamant Ventures opens in Scotland
Swiss healthcare focused financial advisory firm Adamant Biomedical Investments has opened a venture capital arm in Edinburgh. Adament Ventures will target healthcare companies based in the UK, Scandinavia, Central Europe and the US.
DENMARK - TDC buys back its own debt
TDC, the Danish telecom giant owned by KKR, Apax, Blackstone, Permira and Providence Equity Partners, has completed a debt-buy back of EUR 200m.
CEE - Mid Europa acquires CM LIM
Mid Europa has wholly acquired Polish healthcare provider Centrum Medyczne LIM.
UK - CVC appoints new head of telecoms
CVC Capital Partners has appointed Lorne Somerville as new head of telecoms.
GERMANY - Cerberus evaluates opportunities in Germany
According to press reports, Cerberus is scouring Germany for potential acquisitions. It has been reported that the US house is interested in acquiring telecoms business SEN from Siemens and ailing bank IKB.
RUSSIA – Aurora Russia acquires Volzhski Universalny Bank
Aurora Russia has wholly acquired Russian Volzhski Universalny Bank (VUB) through its Cypriot holding Flexinvest. Of the £6.36m invested in Flexinvest, £4.52m was used to purchase VUB, the £1.87m balance was invested in the bank to cover post-acquisition...
FRANCE – Meridiam closes EUR 600m infrastructure fund
Crédit Agricole subsidiary Meridiam Infrastructure has closed a EUR 600m fund. The fund will be dedicated to investments in infrastructure projects financed by public/private partnership contracts or subject to concessions.
FRANCE – Demeter injects EUR 1.5m in TREZ
Demeter Partners has invested EUR 1.5m in TREZ in a first round of financing. TREZ plans to industrialise an innovative patented zinc-bearing hazardous waste process originating from the surface treatment industry. The financing round will be used to...
FRANCE – Blackstone seeking Vitalia Exit
The Blackstone Group is reportedly seeking to divest healthcare clinic operator Vitalia. The company has 46 clinics and generates around EUR 650 million in revenues.
Survival of the fittest
Consolidation will continue as VCT firms without experience and scale get swallowed up, says Mark Wignall at Matrix Private Equity Partners