France
LBO France’s Terreal taken over by creditors
French clay tile and brick manufacturer Terreal, owned by LBO France, has been taken over by creditors.
Qualium et al. buy Invicta in MBI
Qualium Investissement has acquired a majority stake in the management buy-in of French wood-based heating devices manufacturer Invicta.
Idinvest et al. back Pathoquest with €3.8m
Idinvest Partners and Aurinvest, as well as existing backer Kurma Life Sciences Partners (KLS), have injected €3.8m into Paris-based biotechnology firm Pathoquest.
UBS hires two in French mid-cap M&A team
Julien Pascal, UBS
BDC's Mezzo di Pasta enters safeguard procedure
Mezzo di Pasta, a French portfolio company of Bridgepoint Development Capital, has gone into "redressement judiciaire", a court-overseen safeguard procedure akin to the UK's receivership.
Idinvest leads €34m round for Crocus
Idinvest Partners has led a €34m funding round for Crocus Technology, a French supplier of magnetic semiconductors and sensors, with participation from a consortium of new and existing backers.
Menlo, Iris and FSN lead $22m round for Scality
Menlo Ventures, Iris Capital and FSN PME have led a $22m funding round for French software solutions company Scality.
Activa’s Findis acquires Ronzier
Activa Capital-backed Findis, a wholesaler of household appliances, has acquired France-based Ronzier.
Private equity-backed TDF seeks more than €4bn for French unit
The private equity backers of broadcast-tower operator Télédiffusion de France (TDF) are looking to raise more than €4bn from the sale of the firm’s French unit, according to reports.
French PE still outperforms rest of continental Europe
French private equity funds have returned 8.6% since inception, according to the latest performance figures published by local trade body AFIC.
CPE's Orège raises €20.1m in IPO
Orège, the French sludge treatment company backed by Climate Change Capital Private Equity (CPE) and Oraxys, has raised €20.1m in a flotation of 6.2 million new shares on the NYSE Euronext Paris, valuing the company at €57.7m.
EdRip injects €5m into Prozone-Amisco
Edmond de Rothschild Investment Partners (EdRip) has invested €5m in Prozone-Amisco, a French sports data business that is also backed by XAnge Private Equity and Midi Capital.
Axa PE-backed Saur in debt-for-equity swap
Saur, a French water company backed by Axa Private Equity and sovereign wealth fund FSI, will be taken over by its lenders later this month.
Idinvest acquires stake in VC firm KLS
Idinvest Partners has acquired a stake in Kurma Life Sciences Partners (KLS) from the private equity arm of Natixis bank.
Idinvest closes debt fund on €281m
Idinvest Partners has announced the final close of its Idinvest Dette Senior debt fund on €281m, surpassing its original €250m target.
Odyssée et al. back eNovance
Odyssée Ventures and Entrepreneur Venture have backed eNovance, a provider of open-source cloud computing, with a €6m investment alongside banks BNP Paribas and Oséo.
LDC backs £62m Angus Fire MBO
LDC’s Manchester office has supported the £62m management buyout of Angus Fire from NYSE-listed United Technology Corporation (UTC).
Eurazeo acquires Groupe Cap Vert Finance
Eurazeo subsidiary Eurazeo PME has acquired IT storage and server maintenance provider Groupe Cap Vert Finance (CVF) from Atria Capital Partenaires and the company's founder, valuing the business at €70m.
Auriga reaps 33x multiple on Neolane exit
Auriga Partners has realised a substantial 33x money multiple on its exit from Paris-based Neolane to Adobe for $600m.
Charterhouse considers Elior IPO
Charterhouse is considering the flotation of French catering business Elior, due to a lack of bids for the company reaching the firm’s €4bn asking price, according to the Financial Times.
Arkéa invests €2m in Lyamtech
Arkéa Capital Investissement has invested €2m in orthopaedic footwear company Lyamtech.
Eurazeo buys Péters Surgical from UI Gestion
Eurazeo PME has acquired French medical devices manufacturer Péters Surgical from UI Gestion in a transaction that values the firm at €45m.
Axa PE and Fosun increase Club Med bid
Axa Private Equity and Fosun International have increased their offer to wholly acquire listed French holiday resorts group Club Méditerranée to €17.50 per share, up from the initial offer of €17 per share.
Citizen Capital et al. inject €5.2m into Camif-Matelsom
French GP Citizen Capital has taken part in a €5.2m round for household products retailer Camif-Matelsom.