France
France unquote" September 2011
Apax France and Hutton Collins have sold French mobile satellite communications company Vizada to Astrium, an EADS subsidiary, for a total consideration of $960m – around 10x EBITDA.
Bolt-on for Abénex-backed Dupont Restauration
French catering group Dupont Restauration, in which Abénex Capital holds a minority stake, has acquired Yvelines Restauration for an undisclosed amount.
ISAI invests €1.25m in StickyADStv
ISAI has provided French online advertising agency StickyADStv with €1.25m of growth capital funding.
UK hit by lack of larger deals
Amid a welcome recovery across the board, the European buyout landscape is markedly different from last year, with the UK registering a noticeable setback. Greg Gille reports
DFJ Esprit et al. in €19.8m Qosmos round
DFJ Esprit, Fonds Stratégique d’Investissements (FSI) and Alven Capital have co-led a €19.8m funding round for French software developer Qosmos.
Alven sells Fine Media to KKR's Pages Jaunes
Alven Capital has sold French online publisher Fine Media to Pages Jaunes, a listed portfolio company of KKR and Goldman Sachs.
AXA PE invests in KRDS
AXA Private Equity has taken a 20% stake in French online marketing agency KRDS.
AXA PE reacquires Photonis from Astorg
AXA Private Equity has reacquired French electronics company Photonis, three years after selling it to Astorg Partners.
Creathor Venture holds first closing
Creathor Venture has announced the first closing of its Creathor Venture Fund III at €51m.
3i buys Etanco off IK
3i has acquired a majority stake in French building fasteners manufacturer Etanco from IK Investment Partners.
PE-backed MBO for MB Electronique
Avenir Entreprises and CM-CIC Capital Privé have backed the management buyout of French electronic equipment distributor MB Electronique.
123Venture et al. in Vérifimmo MBI
123Venture, LCV Finance and David Hamelin have wholly acquired French insurance business Vérifimmo for an undisclosed amount.
IK sells Idex to infrastructure fund Cube
IK Investment Partners has sold French energy and environmental services company Idex to Cube Infrastructure.
Partners Group has new presence in Paris
Partners Group has opened a new office in Paris.
GE overcomes hurdle in Converteam trade sale
General Electric (GE) has reached an agreement with the US Justice Department (DoJ) allowing it to acquire French engineering group Converteam from Barclays Private Equity and LBO France.
Q&A: The state of fundraising
Greg Gille talks to Antoine Dréan, founder, chairman & CEO of independent private equity placement agent Triago, about the current market.
Astorg leads FCI unit auction
French mid-cap firm Astorg Partners has entered into exclusive negotiations to acquire FCI's microconnections division from Bain Capital, according to sources close to the transaction.
JPEL buys Arch Cru portfolio for £56.5m
J.P. Morgan's Private Equity fund of funds (JPEL) has snapped up 38 investments from the former Arch Cru portfolios in a deal worth £56.5m.
Advent buys part of Oberthur for €1.15bn
Advent International has agreed to acquire the Card Systems and Identity divisions of French secure technologies specialist Oberthur for €1.15bn.
Barclays PE sells Martek Power to Cooper Industries
Barclays Private Equity (BPE) has sold French energy conversion specialist Martek Power to Cooper Industries for €130m.
Apax France exits Vizada in $960m trade sale
Apax France and Hutton Collins have sold French mobile satellite communications company Vizada to Astrium, an EADS subsidiary, for a total consideration of $960m.
Perceva Capital in Supra take-private
Perceva Capital has acquired a 58% stake in listed French heating devices manufacturer Supra in a deal that values the business at €12m, with a view to delist it in the Autumn.
TA Associates takes 50% stake in DNCA Finance
TA Associates has secured a 50% stake in French asset management firm DNCA Finance for an undisclosed amount.
CDC to sell PE portfolio
France's Caisse des Dépôts et Consignations (CDC) is planning the sale of a €180m private equity fund portfolio, according to media reports.