Southern Europe unquote
Earlybird agrees Italian joint venture
Earlybird has reached an agreement with Azimut Holding to launch of a venture capital fund focused on Italy.
Carlyle buys Telecable for €400m
The Carlyle Group has won the bidding war for Spanish telecommunications provider Telecable de Asturias, beating CVC at the last hurdle with its offer, which values the company at €400m.
Inter-Risco leads €79m dental buy-and-build
Private equity firm Inter-Risco has created a shell company in the Portuguese dental services sector, which it expects to attract €79m of investment.
Aksia reaps 35% return on Robuschi exit
Italian private equity firm Aksia Group has achieved an IRR of more than 35% and a money multiple in excess of 4x on its sale of Robuschi, a manufacturer of blowers and pumps, to Gardner Denver.
Nauta injects €800,000 into GetApp.com
Spanish venture firm Nauta Capital has invested €800,000 as part of a series-A round for GetApp.com, an online marketplace for web-based business applications.
First Reserve invests €300m in Abengoa
US private equity firm First Reserve Corporation has invested €300m in listed Spanish technology company Abengoa as part of a capital increase.
Atlante Ventures leads €1.5m YOGITECH round
Atlante Ventures, one of Italian bank Intesa Sanpaolo’s venture funds, has led a €1.5m capital increase for semiconductor company YOGITECH.
Axon subscribes to €2m Wuaki.tv round
Axon Capital has participated in a €2m funding round for Wuaki.tv, a major Spanish video-on-demand service provider.
Suma Capital-backed CTC acquires OCA
CTC Externalización, a portfolio company of Suma Capital, has made its first bolt-on acquisition in buying 100% of Catalan outsourcing group OCA for an estimated €4m.
Caixa Capital Risc leads €3m Genmedica round
Caixa Capital Risc, the venture capital arm of savings bank La Caixa, has led a €3m funding round for Spanish biotech firm Genmedica Therapeutics.
Madrid’s local government to sell stake in CRM
Madrid’s local government is to sell its 49% stake in private equity fund Capital Riesgo Madrid (CRM) on the secondaries market.
BPEP acquires 48% of ADELTE Group and EFS
Baring Private Equity Partners (BPEP) has acquired a 48% stake in Spain’s ADELTE Group and Equipo Facility Services (EFS) for an estimated €9m.
Southern Europe unquote” out now
The latest digital edition of Southern Europe unquote” is out now, featuring all the latest analysis, deals and exits in the region.
Southern Europe unquote” October 2011
Pass the parcel deals are nothing new in private equity. Indeed, on a perennial basis, rafts of secondary buyouts make the headlines.
CRM-backed Nupcial Novissima liquidates
Grupo Nupcial Novissima, a company backed by Spanish private equity firm Capital Riesgo Madrid (CRM), has gone into liquidation.
Portobello and Vista exit Maxam to Advent for €900m
Advent International has acquired a 50% stake in Spanish explosives supplier Maxam as part of a secondary buyout valued at almost €900m. The deal represents an exit for Portobello Capital and Vista Capital.
Inveready subscribes to €1.5m Lucierna round
Inveready and Caixa Capital Risc have led a €1.5m funding round for a minority stake in Spanish technology firm Lucierna.
Mercapital ups stake in Q Diagnóstica
Spanish private equity firm Mercapital has upped its stake in private diagnostic imaging operator Q Diagnóstica to 97.1%.
Altamar V holds first close on €120m
Altamar Private Equity has held a first close of its fifth fund-of-funds, Altamar V Private Equity Program, on €120m.
Southern Europe unquote" September 2011
Having spent 10 years at the helm of the European Venture Capital Association (EVCA), Javier Echarri is roundly considered one of the world’s most influential people in private equity. This month he talks to unquote" Southern Europe about the Alternative...
Invercaria boosts Gptech with €4m
Invercaria, the private equity arm of the Junta de Andalucía, has invested €4m in Spanish electronics firm Green Power Technologies (Gptech).
Ersel nabs Arbo from Quadrivio
Italian SME investor Gruppo Ersel has acquired an 80% stake in Accessori Ricambi Bonazzoli (ARBO) from fund manager Quadrivio in a secondary buyout.
Explorer in talks to acquire Inspecentro
Portuguese buyout house Explorer Investments is contemplating the acquisition of the entire share capital of motor vehicle inspection company Inspecentro.
Investindustrial pours water on Ducati sale speculation
Investindustrial has poured water on speculation that it is planning to float Italian motorcycle business Ducati in Hong Kong next year.