Unquote
UK - Maven reaps 50% IRR from sale of Cyclotech
Maven Capital Partners has wholly exited its investment in oil and gas company Cyclotech via a trade sale to M-I Drilling Fluids, part of the Houston-based M-I SWACO group, generating a return of more than 3x money and IRR of over 50%.
HUNGARY - Tuning in to corruption: PE sues in Hungary
Once deemed CEE's frontrunner in terms of economic advancement and attracting foreign investment, Hungary seems to have taken a step backward, with the government becoming embroiled in a legal dispute with Vienna-based private equity investor Accession...
SWEDEN - STING invests SEK 2m in Solarus
STING Capital has invested SEK 2m into solar energy technology company Solarus.
SWEDEN - Next Wave & WHEB Ventures acquire Petainer for £16m
Next Wave Ventures, WHEB Ventures and senior company management have acquired drinks container manufacturer Petainer from UK packaging specialist Rexam plc for a total consideration of £16m.
SPAIN - Debaeque takes 10% in BuyVip
Venture firm Debaeque has invested an undisclosed sum in online private buyers club BuyVip, acquiring a 10% stake in the business.
UK - Capital for Enterprise appoints deputy CEO
Capital for Enterprise, the UK Government's venture capital and loan guarantee business, has appointed Richard Hepper as deputy chief executive.
GERMANY - AXA Private Equity acquires HSE from insolvency
AXA Private Equity has acquired Home Shopping Europe, the operator of home shopping channel HSE 24, from insolvent parent company Arcandor group.
UK - Fried Frank appoints partner in London office
Law firm Fried Frank has hired Mark Wesseldine as a partner in the firm's London office.
UK - Accel Partners boosts team with new hire
Accel Partners has hired Martin Gibson, formerly a partner with Atlas Ventures, as venture partner in the firm's London office.
EUROPE - Capstone appoints associate partner
Placement agent Capstone Partners has appointed Louis de Saint-Marcq as associate partner.
EUROPE - European Parliament report slams AIFM Directive
A new report released today has heaped heavy criticism on the AIFM Directive for being "hasty" and "weak". Ashley Wassall reports.
UK - Risk Capital Partners appoints senior partner
Luke Johnson's private equity firm Risk Capital Partners has hired Michael Simmonds as a senior investment partner.
UK - Akin Gump boosts corporate team in London
International law firm Akin Gump Strauss Hauer & Feld has hired Greg Hammond as a London partner in the energy and international corporate transactions practices.
BELGIUM - Waterland Private Equity buys 25% of Arseus
Waterland Private Equity has acquired a 25% interest in Euronext-listed Belgian healthcare business Arseus, purchasing Omega Pharma's entire 24% shareholding and an additional 1% from Couckinvest, the second-largest shareholder in the healthcare company....
GERMANY - BayBG invests in WeWebU
BayBG Bayerische Beteiligungsgesellschaft has completed an undisclosed investment in WeWebU Software in the framework of a silent partnership.
IRELAND - Bank of Ireland seed fund launches
Bank of Ireland has announced the launch of the Seed and Early Stage Equity fund, a new EUR 26m vehicle designed to invest in Irish start-up and early-stage companies.
NORWAY - Norvestor sells Intelecom to Carrot
Norvestor has wholly exited its investment in Intelecom Group, a provider of outsourced communication services for businesses, through a trade sale to sector rival Carrot Communications for an undisclosed sum.
EUROPE - CBCF shakes up senior management
Close Brothers Corporate Finance has promoted Richard Madden, managing director and head of the media sector team, to CEO of the UK business, replacing Stephen Auselbrook, who had co-led both the European and UK businesses but will now focus on his role...
UK - HgCapital backs £178m MBO of Goldshield Group
HgCapital has backed the ТЃ178m management buyout of listed generic drugs company Goldshield Group.
UK - Accel and Index sell Playfish for up to $400m
Index Ventures and Accel Partners have wholly exited social gaming portfolio company Playfish via a trade sale to Electronic Arts for a consideration of up to $400m, including a $100m earnout.
BELGIUM - Montagu closes ADB deal
Montagu Private Equity's acquisition of airfield lighting specialist ADB Airfield from Siemens, first reported by unquote" in September this year, has closed.
FRANCE - Fondinvest hires new partner
Fund-of-funds manager Fondinvest Capital has recruited Catherine Lewis La Torre as Partner.
ROMANIA - Lime Rock makes $25m Expert investment
Energy-focused investor Lime Rock Partners has invested $25m in Expert Petroleum, a Romanian oil and gas business.
POLAND - Advent makes PLN 405m offer for Wydawnictwa
Global buyout house Advent International has announced a public tender offer to acquire Polish educational publisher Wydawnictwa Szkolne i Pedagogiczne, in a deal that would value the company at around PLN 405m.