France
Phillimore appoints Olivier Grandry as partner
French private equity investor Phillimore has appointed Olivier Grandry as a partner.
Alven Capital raises €120m for fourth venture fund
French venture firm Alven Capital is set to close its latest fund on its €120m hard-cap after nine months on the road.
France unquote” March 2013
AFIC chairman Louis Godron had already rung the alarm bells in an interview with unquote” last July – now France’s private equity association has produced the numbers to back up its warning.
Cathay makes first investment from Franco-Chinese Fund
Cathay Capital has invested €5m in French sealing solutions provider Flexitallic, in what marks the first transaction for the recently raised Franco-Chinese Fund.
Eurazeo doubles money on Edenred exit
Eurazeo has sold its 10.2% stake in French prepaid corporate services company Edenred SA, reaping a multiple of 2x its initial investment.
Blackstone et al. circle Electra‘s Allflex
Electra Partners' livestock identification company Allflex has attracted interest from a dozen private equity firms, including Blackstone, Carlyle and Bain Capital, according to reports.
Bridgepoint's Siblu in €80m refinancing
Siblu, a portfolio company of Bridgepoint Development Capital, has completed an €80m refinancing.
Carvest to buy Rave from Naxicap and Siparex
French transportation services group Rave is reportedly about to be sold by Naxicap and Siparex in a tertiary LBO backed by Carvest.
Innovacom backs Green Communications
Innovacom has invested in French digital start-up Green Communications as part of a €600,000 funding round.
Naxicap and Siparex buy IPC
Naxicap and Siparex have acquired a majority stake in French cleaning products supplier IPC from Ciclad and private holding MFGI.
Ventech et al. in €6.5m round for Ad Valem Technologies
Ventech and A Plus Finance have taken part in a €6.5m round of funding for French fibre optics broadcaster Ad Valem Technologies.
Xerox buys Impika from Siparex et al.
A consortium of French private equity houses including Siparex, CM-CIC Capital Innovation, Turenne Capital and XAnge Private Equity have sold inkjet printing solutions business Impika to Xerox.
Siparex invests €1m in VitrineMedia
Siparex has injected €1m into French back-lit signs manufacturer VitrineMedia.
Gimv launches Health & Care Fund
Gimv has launched a new €200m fund focused on healthcare and medical technology investments.
Seventure et al. inject €7.1m into Recommerce Solutions
Seventure Partners, CDC Entreprises and 3T Capital have provided French used electronic products retailer Recommerce Solutions with a €7.1m round of financing.
Lower mid-market buyouts hit €2bn record in January
France and the UK led Europe in January in the lower mid-market, which saw 18 such transactions across Europe worth a combined €1.9bn - the largest monthly value witnessed for a year. Greg Gille reports
Acanthus: Private equity fundraising remained tough in 2012
Research from mid-market advisory firm Acanthus shows that 2012 saw an even tougher fundraising climate than the previous year.
NBGI acquires Stiplastics
NBGI Private Equity has acquired French packaging company Stiplastics.
Equistone to buy Meilleurtaux
Equistone has entered into exclusive negotiations with French banking group BPCE regarding the sale of real estate mortgage adviser Meilleurtaux.
Montefiore to back BVA
Mid-cap GP Montefiore Investment is reportedly about to invest in French opinion polls and social research business BVA.
Italy shines in January thanks to CVC mega-buyout
Italy topped Europe's private equity value charts in January, while the UK recorded the most deals, showing both familiar names and outliers starting 2013 on a high.
CDC Entreprises et al. invest €7m in Compario
CDC Entreprises, Capitalaria, iSource Gestion and XAnge Private Equity have participated in a €7m funding round for French software-as-a-service (SaaS) firm Compario.
Isai invests €2m in Hospimedia
Isai Gestion has injected €2m into French medical information website Hospimedia, in what marks the first investment from its latest fund.
Argos Soditic to buy four Sage subsidiaries
Mid-cap GP Argos Soditic has entered exclusive negotiations with Sage Group regarding the acquisition of four of its software-focused subsidiaries in France and Spain.