Southern Europe unquote
Invercaria leads €1m Ingeniatrics round
Invercaria and Caixa Capital Risc have participated in a €1m funding round for Seville-based technology company Ingeniatrics.
Gala Capital chief forced to stay
The founding partner and chairman of Gala Capital has been forced to abandon plans to jump ship to JP Morgan after investors learned of his leaving plans in the Spanish press.
Tax reforms positive for Italian private equity
The Italian venture capital association, AIFI, has welcomed government plans to reform the taxation of mutual funds.
Inveready and Start Up Navarra invest in Bionanoplus
Spanish venture capital firms Inveready Seed Capital and Start Up Navarra have invested €660,000 in a first round of financing for Bionanoplus in exchange for a significant stake in the company.
Caja Navarra Corporation exits Ikusi
Caja Navarra Corporation (CAN), the private equity arm of Caja Navarra, has sold its 32% stake in audiovisual and electronics systems manufacturer Ikusi to Ormazabal.
Atomico Ventures invests £550,000 in Siine
Atomico Ventures has provided Spanish software developer Siine with £550,000 of seed funding.
Inveready backs Transbiomed
Venture capital firm Inveready Seed Capital has invested $1.2m in a first round of finance in biotechnology company Transbiomed.
Kiss acquires extra 2% of Renta Corporación
Kiss Capital Group has acquired an extra 2% of Spain’s Renta Corporación, bringing its total share capital in the listed company to 9.7%.
Realza-backed Plénida acquires 80% of Buccal
Grupo Plénida, a portfolio company of Realza Capital, has acquired an 80% stake in dental chain Buccal.
Avante increases its stake in Mafresa
Avante, formerly known as the Sociedad de Fomento de Extremadura (Sofiex), has acquired an extra 9.52% of Spain’s Mafresa, bringing its total share to 49%.
Clave Mayor exits Base Protection
Clave Mayor has realised its first exit from a non-Spanish business with the sale of Base Protection to Grupo Fegemu – another of its portfolio companies.
Portuguese VCs exit Altitude Software
Portuguese venture capital firms Inovcapital, Fogeca and FIEP have exited their stake in technology firm Altitude Software via a sale to investment funds IBI and BBVA.
CVC puts Torraspapel up for sale
CVC Capital Partners is searching for new owners for Torraspapel, a Catalan company which has been in its portfolio for the past 12 years.
Tagua Capital is launched
A new investment fund called Tagua Capital has been launched by former Spanish Prime Minister Felipe Gonzalez.
3i seeks €300m for Esmalglass sale
British buyout giant 3i has contracted BNP Paribas to find a buyer for its Spanish portfolio company Esmalglass.
Caixa Capital Risc et al. invest €850,000 in Good Deal
Caixa Capital Risc, Finaves and various business angels from the IESE Business School at the University of Navarra have invested €850,000 in Spanish company Good Deal.
Nauta invests €1m in Yuilop
Buyout house Nauta Capital has invested €1m in Spanish technology start-up Yuilop, which specialises in developing software for smartphones.
Clave Mayor and Sodena-backed APEX acquire Papas Vicente Vidal
A portfolio company of Clave Mayor and Sodena has acquired Spanish family business Papas Vicente Vidal via a capital increase of just over €4m.
BPEP injects €7m in Casesa
Baring Private Equity (BPEP) has invested €7m in the latest capital increase carried out by security company Castellana de Seguridad (Casesa).
Italy: Buyout activity falls despite stable economy
In contrast to other Southern European countries, Italy’s banking system held up relatively well during the financial crisis. But has its private equity industry shown the same resilience?
Inveready and Caja Navarra invest in Neurotec Pharma
Inveready Seed Capital and Caja Navarra have acquired a 34% stake in pharmaceutical firm Neurotec Pharma.
Southern Europe unquote" February 2011
Investindustrial and Palladio Finanziaria have acquired 50.68% of Italy’s biggest racetrack and sports betting manager, Snai, for €136m.
Spain welcomes Extremadura Avante
The founders of private equity firm Extremadura Avante have applied to Spain’s Comisión Nacional del Mercado de Valores to approve its creation.
Espiga acquires 5% of Softonic
Spanish mid-market house Espiga Capital has bought a 5% stake in Barcelona-based software download portal Softonic.