Southern Europe unquote
Vodafone makes revised Ono offer
Vodafone is understood to have made a revised offer to buy private equity-backed Spanish broadband operator Grupo Ono.
Axon Partners launches new fund
Spanish venture capital investor Axon Partners Group has launched a new fund to back early-stage Spanish companies operating in the digital economy.
Charterhouse buys Nuova Castelli
Deal is believed to be valued at more than €300m
Deal in focus: Riverside scoops Mec3
Riverside's acquisition of gelato ingredients maker Mec3 proves the unshakable allure of "made in Italy" brands. Amy King reports
Springwater buys 30% of Aernnova
Deal values firm at €500m
Corpfin Capital buys FCC logistics division for €32m
Business to be renamed Logisters
PE-backed eDreams nears IPO
eDreams, the Spanish online travel agency backed by Permira and Ardian, is nearing an initial public offering.
Dinamia trading discount narrows
Dinamia Capital Privado Sociedad de Capital Riesgo, the listed fund managed by N+1 Mercapital, has seen its trading discount narrow from 49.4% to 27.3% over the course of 2013.
Riverside buys Mec3
Riverside has acquired Mec3, an Italian manufacturer of ingredients for gelato, pastry and other foods.
Blackstone wins race for Versace
Blackstone has bought a 20% stake in high-end fashion brand Versace, making a €150m equity commitment and acquiring €60m in stock.
Vidal-Quadras to take over as head of 3i Spain
Alejo Vidal-Quadras, 3i
Fondo ICO launches second tender
Spain’s €1.2bn state-backed fund-of-funds, Fondo ICO Global, has launched its second tender process.
Consilium hits €95m first close
Italian GP Consilium has held a first close for Consilium Private Equity Fund III on €95m after just three months on the road. Amy King reports
Basque government launches €28m venture fund
The Basque government has launched a €28m venture capital fund, to be managed by Gestión de Capital Riesgo del País Vasco (GCRPV).
Riverside to scale back Spanish operations
Following the recent departure of Juan Barnechea, Riverside is to downsize its Madrid office.
Italian GPs cash in as valuation gap narrows
Last year was challenging for Italian private equity; fundraising remained low and exits were few and far between – though stuttering deal volume was punctuated by a handful of large buyouts, boosting deal value. But it wasn’t all bad. Amy King reports
Deal in focus: Montezemolo, Amadeus and Keensight sell Octo
Octo Telematics' backers, seeking a buyer for the Rome-based firm, profited from Renova Group's appetite for high-tech investments relevant to the Russian market.
Amadeus, Montezemolo sell Octo Telematics for €405m
Amadeus Capital Partners and Montezemolo & Partners have sold Rome-based Octo Telematics, a provider of telematics services and systems for the insurance and automotive market, to Russia's Renova Group for €405m.
AnaCap buys €700m UniCredit loan portfolio
AnaCap Financial Partners is understood to have acquired a €700m portfolio of non-performing loans from UniCredit Credit Management Bank (UCCMB), the debt collection unit of UniCredit.
Fondo Italiano's Elco Group buys PCB Ramear
Elco Group, an Italian printed circuit board producer backed by Fondo Italiano di Investimento, has acquired Dutch firm PCB Ramaer.
HIG Capital appoints MD of new Italian office
Raffaele Legnani, HIG Capital
KKR opens Madrid office
After months of speculation, KKR has opened a Spanish office in Madrid.
United Ventures holds second close on €50m
Italian venture capital firm United Ventures has held a second close on more than €50m with the support of the European Investment Fund (EIF).
Carlyle considers SBO of Applus
Several private equity firms are understood to have expressed an interest in Spanish certification company Applus, backed by Carlyle, which could see the firm abandon long-standing plans for an IPO.