Technology
UK - European Capital completes £36m refinancing of Avery Weigh-Tronix
European Capital has refinanced portfolio company Avery Weigh-Tronix Holdings Ltd with ТЃ36m of senior credit facilities provided by Royal Bank of Scotland and HSBC. The refinancing follows the disposal of Averyтs food retail weighing business and will...
UK - Close Ventures invests £1.5m in Opta Sportsdata
Close Ventures has invested ТЃ1.5m into Opta Sportsdata Ltd (trading as Opta), a European provider of sports data and analysis to media companies. The investment will be used to help grow sales in the existing business in the UK and the rest of Europe....
RUSSIA - ASI injects $200,000 in LogneX
Ambient Sound Investments has invested $200,000 in LogneX, a Russian software development company, bringing its stake to 30%.
GERMANY - Waterland sells sds business services for EUR 46m
Waterland Private Equity Investments has sold sds business services GmbH to Affiliated Computer Services (ACS) Inc for EUR 46m, with ACS also assuming liabilities to purchase sds.
GERMANY – DEWB to sell stake in 4flow for EUR 6.5m
Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft AG has sold its 44.4% shareholding in 4flow AG, Berlin, to the company's management for EUR 6.5m. The purchase price will be paid in several tranches.
FRANCE - Marc Devillard joins Crédit Agricole PE
Marc Devillard has joined Crédit Agricole Private Equity's Venture Capital team as investment director for the software and internet sectors.
PORTUGAL - Inter-Risco reaps 7.7x multiple on TvTel exit
Inter-Risco has reaped a 7.7x multiple and 30% IRR on its sale of broadcasting company TvTel to Portugal Telecom Media in a deal valued at approximately EUR 120m.
ITALY - Cape acquires software company Xtel for EUR 5m
Cape Natixis acquired software company Xtel in a management buyout deal valued at approximately EUR 4.9m.
LATVIA - TeliaSonera challenges Blackstone's Lattelecom bid
According to press reports, TeliaSonera yesterday challenged Blackstone’s bid for Lattelecom, the Latvian telecommunications company. Blackstone offered to acquire the business in September 2007 for $575m, but the new Latvian government (appointed after...
UK - HSBC Private Equity backs the buyout of Transmission & Distribution Group
HSBC Private Equity has supported the buyout of Transmission & Distribution Group (TDG). TDG specialises in providing condition monitoring systems for electrical utilities and heavy industry. TDG is the parent company of Diagnostic Monitoring Systems...
ITALY - Weather investments may see private equity investment
Telecom holding Weather Investments, controlled by Egyptian tycoon Naguib Sawiris, could see the entry of a private equity player in the weeks to come.
European LPs: optimism, naivety or realism?
Despite the recent credit crisis, there appears to be relative optimism among European LPs compared with their North American and Asian counterparts. Would the immaturity and naivety of the European private equity industry be the cause of this so called...
Great exit-pectations
The market has aligned opinions of LPs and GPs: both have dampened exit expectations for 2008