News/Deals
UK - TA Associates to acquire Jupiter
TA Associates has emerged as the most likely buyer for fund management group Jupiter Asset Management. The company has been in discussions with a number of private equity firms since its owner, Commerzbank, announced its intention to list Jupiter a year...
UK - Sovereign Capital creates enlarged social housing maintenance company
Sovereign Capital has acquired Hudson Engineering Services Ltd. Hudson, a provider of gas, fabric and electrical maintenance services to homes owned by local authorities and the Ministry of Defence, will be merged with two other portfolio companies in...
NORWAY - Northzone Ventures and Selvaag invest NOK 7.5m each in T-VIPS
Northzone Ventures and Selvaag invest NOK 7.5m each in a second round of funding in technology company T-VIPS to accelerate its R&D programme, enhance sales and marketing initiatives and expand the company's international operations. T-VIPS' international...
UK - Inflexion backs buyout of air conditioning business
Inflexion Private Equity has led the buyout of Aspen Pumps Ltd & BBJ Engineering Ltd, a supplier of condensate pumps and air conditioning accessories. Inflexion has acquired a majority equity stake, the management team has also invested and a package...
ITALY - Galaxy supports the development of Siena airport
According to press reports, MPS Bank and the management of Siena Airport have signed an agreement with private equity fund Galaxy for the expansion of Siena's airport.
SPAIN - Dinamia and Nmás 1 acquire Alcad for EUR 9,8m
Private equity firms Dinamia and Nmás 1 have acquired Alcad in an MBO valued at EUR 9,8m.
FRANCE - CDC CI acquires 66% of Feu Vert
CDC Capital Investissement has acquired 66% of Cofidim, a holding comprising car servicing business Feu Vert, spare parts distributor Impex, and windshield repair company Mondiale Par-Brise.
UK - Montagu exits Cory in £588m deal to ABN AMRO Infrastructure
Montagu Private Equity has sold waste management company Cory Environmental Holdings to a consortium led by ABN AMRO Infrastructure Capital for £588m. The sale through acquisition vehicle Viking Consortium Holdings Ltd enables Montagu to exit following...
UK - KKR's initial bid for Boots rejected
KKR's £10-per-share bid for chemist and retailer Alliance Boots, in association with the company's executive deputy chairman Stefano Pessina, has been rejected.
FINLAND - CapMan invests in Mirasys
CapMan has invested in software company Finnish Mirasys Ltd in return for a maximum of 42% of the fully diluted shares in the company.
GERMANY - HSH N Kapital acquires Siemens division
HSH N Kapital GmbH has announced the acquisition of Siemens Building Technologies electronic GmbH from Siemens Building Technologies for an undisclosed amount. Mühlhausen-based Siemens Building Technologies electronic GmbH, develops and produces energy...
SWEDEN - Northzone invests $10m in Xcerion AB
Northzone Ventures has invested $10m in Xcerion AB to launch its collaborative XML Internet OS. Xcerion aims to distribute the OS and accompanying applications free as a service over the internet.
GERMANY - Veronis Suhler Stevenson sells Berliner Verlag
US private equity house Veronis Suhler Stevenson has sold its stake in Berliner Verlag to minority shareholder Mecom Group plc for reportedly EUR 320m. The financial investor had acquired majority holding alongside Mecom in October 2005 from the Stuttgart-based...
UK - Quester exits Oxxon Therapeutics
Quester-backed biopharmaceutical company Oxxon Therapeutics has been acquired by London Stock Exchange-listed Oxford BioMedica Plc for £16m. The sale to Oxford BioMedica, a company previously backed by Prelude Trust before being floated, represents a...
SPAIN - BPEP makes 4.6x on Euroatomizado
Baring Private Equity Partners Spain has divested its stake in Euroatomizado.
UK - Barclays Ventures generates 3.5x return on fire services exit
Barclays Ventures and management have sold SFS Fire Services Limited to UTC Fire & Security, a business unit of US-based United Technologies Corporation. Although the enterprise value of the company was not disclosed, the exit enabled Barclays Ventures...
UK - Close Ventures backs £6.7m buyout of Compass Supply Solutions
Close Ventures has invested up to £6.7m into Chichester Holdings Ltd to back the management buyout of Compass Supply Solutions Ltd (Compass).
FINLAND - Hansastroi raises EUR 20m from Quadriga-led syndicate
Quadriga Capital Russia Private Equity Fund has led a syndicate including EBRD, DEG and private investors for the EUR 20m financing of Finland based construction company Hansastroi.
UK - Nomad Digital acquires QinetiQ Rail
Nomad Digital, backed by Amadeus Capital Partners, has acquired the commercial rail division of QinetiQ, a defence and security technology company. QinetiQ has sold QinetiQ Rail to Nomad Digital for 8.6% of Nomad's ordinary share capital and in addition...
SWEDEN - Kwintet acquires The Cotton Group
Industri Kapital portfolio company Kwintet has acquired European promotional wear company The Cotton Group. Industri Kapital backed the buyout of Kwintet in 2005.
FRANCE - Sofinnova and Ventech invest EUR 6.5m in new music standard
Sofinnova Partners and Ventech have invested in the fist round of funding in MXP4, a start-up which has created technology allowing artists to create non-linear, interactive music.
FRANCE - AtriA sells Clextral to Legris Industries
AtriA Capital Partenaires has sold its 43% stake in extrusion equipment manufacturer Clextral, to Chequers-backed Legris Indutries.
GERMANY - Triton acquires SMS businesses
Triton has acquired a portfolio of companies supplying plastics processing machinery in the field of pipe and profile extrusion as well as film and sheet extrusion technology from SMS Kunststofftechnik. The companies comprise Battenfeld Extrusiontechnik,...
BELGIUM - 3i backed AviaPartner acquires Aero Groundservices
AviaPartner, a 3i portfolio company, has acquired cargo handling firm Aero Groundservices from VCK Holding, a logisitics and travel company.