News/Deals
UK - NVM achieves IRR of 21% on Abermed sale
NVM Private Equity has wholly exited its investment in Abermed, the occupational health and remote medical services company, via a trade sale to International SOS, for an undisclosed amount, generating a return of 2x money and an IRR of 21%.
ITALY - 360 Capital Partners to float Yoox
As reported in the most recent edition of Southern Europe unquote" , the flotation of online clothes & accessories retailer Yoox, which backed by 360 Capital Partners, has gone ahead, with the firm expecting to raise up to EUR 226m.
GERMANY - DPE exits SSB Wind Systems
DPE Deutsche Private Equity has sold its shares in SSB Wind Systems to US-based Emerson Electric Co for an undisclosed amount.
UK - NorthStar leads £800,000 Cogenta funding
NorthStar Equity Investors (NSEI) has led an £800,000 investment into software company Cogenta Systems, alongside Hotspur Capital Partners.
SPAIN - Platina acquires Arico solar farm
Platina Partners has acquired the Arico solar energy farm, a 11MW facility in Tenerife, from energy company Endesa.
FRANCE - NI Partners exits CBM
NI Partners has exited its investment in Car et Bus Maintenance (CBM), a producer of car and bus parts, in a buyout by management and employees supported by local funds Uni Expansion Ouest and Synergie finance.
GERMANY - BPE backs MBO of Karl Kemper
BPE Private Equity has backed the management buyout of frozen foods manufacturer Karl Kemper for an undisclosed amount from Dutch food company Royal Wessanen.
IRELAND - Bain Capital et al. to divest part of stake in Warner Chilcott
Bain Capital Partners, DLJ Merchant Banking, JP Morgan Partners and Thomas H Lee Partners are reportedly planning to sell off part of their stake in listed pharmaceutical company Warner Chilcott.
GERMANY - Balderton Capital leads EUR 5m wooga funding
Balderton Capital has led a EUR 5m investment in social gaming company wooga.
GERMANY - BC Partners and Apollo sell Unitymedia for EUR 3.5bn
BC Partners and Apollo Capital Management have agreed to sell broadband cable operator Unitymedia to American telecommuncations giant Liberty Global Inc, in a deal that values the business at EUR 3.5bn.
IRELAND - Hellman & Friedman acquires Web Reservations International
Hellman & Friedman has acquired online accomodation booking company Web Reservations International (WRI), owner of the Hostelworld online brand, for an undisclosed sum.
AUSTRIA - Tyrol Equity acquires 27% of Eisbär Sport
Tyrol Equity has agreed to acquire 27% of sport fashion company Eisbär Sport from Athena funds.
GERMANY - MIT acquires 26% of Belte
MIT Munich Industrial Technologies has acquired a 26% interest in aluminium refiner Belte, investing an undisclosed sum as part of a capital increase.
DENMARK - KKR et al. prepare for TDC sale
KKR, Blackstone, Permira, Apax and Providence Equity Partners, the private equity owners of Danish telecoms group TDC, are reportedly meeting with banks this week to choose an adviser as they look to sell part of their stake in the business, which is...
UK - Bridges leads £1m round for Call Britannia
Bridges Ventures, via its Social Entrepeneurs Fund, has led a £1m investment in customer contact centre business Call Britannia, alongside Big Issue Invest, management and the government's Future Jobs Fund.
UK - Maven reaps 50% IRR from sale of Cyclotech
Maven Capital Partners has wholly exited its investment in oil and gas company Cyclotech via a trade sale to M-I Drilling Fluids, part of the Houston-based M-I SWACO group, generating a return of more than 3x money and IRR of over 50%.
HUNGARY - Tuning in to corruption: PE sues in Hungary
Once deemed CEE's frontrunner in terms of economic advancement and attracting foreign investment, Hungary seems to have taken a step backward, with the government becoming embroiled in a legal dispute with Vienna-based private equity investor Accession...
SWEDEN - STING invests SEK 2m in Solarus
STING Capital has invested SEK 2m into solar energy technology company Solarus.
SWEDEN - Next Wave & WHEB Ventures acquire Petainer for £16m
Next Wave Ventures, WHEB Ventures and senior company management have acquired drinks container manufacturer Petainer from UK packaging specialist Rexam plc for a total consideration of £16m.
SPAIN - Debaeque takes 10% in BuyVip
Venture firm Debaeque has invested an undisclosed sum in online private buyers club BuyVip, acquiring a 10% stake in the business.
GERMANY - AXA Private Equity acquires HSE from insolvency
AXA Private Equity has acquired Home Shopping Europe, the operator of home shopping channel HSE 24, from insolvent parent company Arcandor group.
BELGIUM - Waterland Private Equity buys 25% of Arseus
Waterland Private Equity has acquired a 25% interest in Euronext-listed Belgian healthcare business Arseus, purchasing Omega Pharma's entire 24% shareholding and an additional 1% from Couckinvest, the second-largest shareholder in the healthcare company.
GERMANY - BayBG invests in WeWebU
BayBG Bayerische Beteiligungsgesellschaft has completed an undisclosed investment in WeWebU Software in the framework of a silent partnership.
NORWAY - Norvestor sells Intelecom to Carrot
Norvestor has wholly exited its investment in Intelecom Group, a provider of outsourced communication services for businesses, through a trade sale to sector rival Carrot Communications for an undisclosed sum.