Spain
Reus Capital and Inverpyme exit ProAseptic Technologies
Venture capital firms Reus Capital and Inverpyme have sold ProAseptic Technologies to the Spanish subsidiary of Sealed Air Corporation.
Diana Capital II holds first close on €100m
Spanish private equity firm Diana Capital has held a first closing for its second fund, Diana Capital II, on €100m.
Ibersuizas-backed Festa goes into administration
Ibersuizas portfolio company Festa has gone into administration, marking the second private equity-backed fashion retailer to enter bankruptcy proceedings in a week.
Clave Mayor participates in €12.6m Nextel round
Clave Mayor has participated in a €12.6m funding round for Nextel Engineering Application Modernización, an affiliate of Nextel Engineering Systems.
AC Desarrollo-backed Musgo files for bankruptcy
AC Desarrollo, the private equity unit of Ahorro Corporación, has been forced to initiate bankruptcy proceedings on behalf of interior design chain Musgo.
Caser launches €40m Spanish fund
Spanish insurance company Caser has launched a private equity fund with a target of €40m.
Axis invests €1m in Sabirmedical
Axis Participaciones has invested €1m in medical technology firm Sabirmedical via the FESpyme private equity fund.
Axis and Suan Biotech back Noscira
Axis Participaciones and Suan Biotech have participated in a €19m funding round for Spanish pharmaceuticals company Noscira.
Highgrowth invests in VozTelecom
Highgrowth Partners has participated in a €2m capital increase for Spanish telecoms services provider VozTelecom.
Gala Fund Management acquires Neo-Sky
Gala Fund Management has purchased broadband telecommunications operator Neo-Sky from electric utilities company Iberdrola for €70m.
AC Desarrollo exits Demas
AC Desarrollo has exited its 95% stake in vending machine distributor Demas via a trade sale to Autobar Spain.
CRM exits Nupcial Novissima through bankruptcy
Private equity firm Capital Riesgo Madrid (CRM) looks set to make a loss on its 2008 investment in wedding gown designer and manufacturer Grupo Nupcial Novissima.
Zed plans a capital increase
Multiplatform digital entertainment company Zed has announced that it is planning to launch a capital increase to help it realise the company's ambitious expansion plans.
Invercaria acquires 20% of Electria
Invercaria, the private equity investment vehicle of the Junta de Andalucía, has acquired a 20% stake in Spanish renewable energy business Electria.
Active II holds first close on €25m
Barcelona-based venture capital firm Active Venture Partners has held a first close of its Active Venture II fund on €25m.
Suma Capital buys CTC Externalización
Suma Capital has purchased a 75% stake in outsourcing industrial and logistics services provider CTC Externalización as part of a management buyout.
Miura and Talde acquire 40% of BC
Miura Private Equity and Talde Capital Riesgo have acquired a 40% stake in Grupo BC, which provides outsourcing document services to the banking sector.
Investing Profit Wisely invests in BeRuby
Investing Profit Wisely and consulting group Eje de Negocios have invested around €1m in BeRuby, a website which specialises in online marketing and publicity.
Sherpa Capital acquires 60% of Polibol
Sherpa Capital has acquired a 60% stake in Spanish packaging company Polibol as part of a capital increase.
SEPI-backed Ebro to buy SunRice for $578m
Sociedad Estatal de Participaciones Industriales (SEPI) portfolio company Ebro Foods has made an unsolicited offer to buy Australian rice firm SunRice for $578m.
SEPI-backed Ebro buys SOS rice division
Sociedad Estatal de Participaciones Industriales portfolio company Ebro Foods has agreed to purchase SOS Corporacion Alimenticia’s rice divisions for €195m.
Spanish private equity goes against the grain
Spain has undoubtedly lagged behind the rest of Europe in its race to return to prosperity. However, amidst speculation regarding a national bail-out, the countryтs private equity market has shown promising signs during 2010. Susannah Birkwood reports...
Atitlán Capital turns down Valmor Sports
Atitlán Capital has turned down a petition by Valmor Sports to purchase the stake held by the Valencian government in the Spanish company.
JC Flowers withdraws from Banca Civica deal
US private equity firm JC Flowers has done an about-turn on its proposed investment in Spain’s Banca Cívica.