News/Region
GLOBAL- Lionel Pincus dies
Lionel Pincus, founder and former chairman of private equity giant Warburg Pincus, died Saturday in New York after a long illness.
GERMANY - JC Flowers files lawsuit against HRE following squeeze-out
JC Flowers has confirmed that it has filed a lawsuit to fight the full nationalisation of banking group Hypo Real Estate Holding, which was confirmed at the lenders' annual general meeting last week.
FINLAND - Viking, Eqvitec and FII sell Iqua to Savox
Viking Venture, Eqvitec and government-backed Finnish Industry Investment has sold the wireless mobile accessories developer, Iqua, to Finland-based Savox Group.
UK - GI-backed Orchid may acquire Premium Bars & Restaurants
GI Partners-backed Orchid Group is said to be the preferred bidder to acquire Premium Bars & Restaurants from administrators at BDO Stoy Hayward.
EUROPE/US - GI Partners closes $2bn third fund
GI Partners has held a final close of its latest vehicle, GI Partners Fund III, on close to $2bn, representing more than a 35% increase from the size of its predecessor.
GERMANY - Advent acquires GFKL Financial Services AG
Advent International has agreed to acquire a majority stake in GFKL Financial Services, an independent provider for debt collection and debt purchase services in Germany, from a consortium of institutional investors.
GERMANY – BayBG moves into new offices
Bayerische Beteiligungsgesellschaft moved into new offices in Munich today. The new address is Königinstraße 23, 80539 Munich.
NORWAY - Kinserdal leaves Borea Opportunity
Finn Kinserdal has left his position as partner of Norwegian private equity firm Borea Opportunity Management.
UK - Langholm Capital boosts team with two new hires
Mid-market investor Langholm Capital has hired Anthony Sills and Erik Blomberg as associates to the firm.
FRANCE – AGF PE and CM-CIC back Deezer with EUR 6.5m
AGF Private Equity and CM-CIC Capital Privé have joined existing investors, the DOTCORP funds, in a second round investment for online music streaming site, Deezer, contributing EUR 6.5m.
UK - Sofinnova Partners leads £4.5m round for Crescendo Biologics
Sofinnova Partners has led a seed funding round worth close to £5m for therapeutics company Crescendo Biologics, alongside Aitua, Avlar BioVentures and the Rainbow Seed Fund.
FRANCE - AGF PE et al. return for EUR 15m Dailymotion investment
According to reports, Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International have returned for a EUR 15m third round of funding in Dailymotion, alongside a new investor.
UK - Greenhill appoints managing director in London
Boutique investment bank Greenhill & Co has hired Gareth Davies as managing director to the firm's financing advisory and restructuring group based in London.
GERMANY - eCAPITAL leads EUR 800,000 Amynova funding
eCAPITAL has led an EUR 800,000 round for in polymers company Amynova Polymers, alongside GoodVent Beteiligungsmanagement also investing.
NETHERLANDS - Earlybird and 360 invest EUR 6m into BMEYE
Earlybird Venture Capital and 360 Capital Partners have provided BMEYE, a medical equipment company, with a EUR 6m second round of financing.
ITALY - Xenon Private Equity closes fifth fund on EUR 150m
Italian lower mid-market buyout firm Xenon Private Equity has held a final close for its latest vehicle, Xenon V, on EUR 150m, surpassing its EUR 130m target.
FRANCE - Crédit Agricole Private Equity strengthens team
Crédit Agricole Private Equity has recruited Marc-Philippe Botte to their renewable energy team as an investment manger.
SWITZERLAND - Argos Soditic backs Misapor MBO
Argos Soditic has acquired a majority stake in foam glass granulate producer Misapor in a management buyout.
UK - Imperial Innovations et al. invest £1m into Plaxica
Imperial Innovations has led a £1m funding round for sustainable plastics company Plaxica, alongside Carbon Trust Investments and NESTA.
FRANCE - UI Gestion purchase Péters Surgical
UI Gestion has purchased a majority stake in medical supplier Péters Surgical from Groupe Sofilab for an undisclosed sum.
FRANCE - XAnge provide KissKissBankBank with EUR 750k
XAnge Private Equity has provided KissKissBankBank, an internet platform, with EUR 750,000 in seed financing.
UK - Celtic Therapeutics to invest up to $15m into Spirogen
Pharmaceuticals-focused investor Celtic Therapeutics has agreed to invest up to $15m into Spirogen Ltd, a developer of DNA-interactive drugs.
UK - Lime Rock Partners invests £55m into ITS Group
Oil and gas investor Lime Rock Partners has invested £55m into ITS Group, a specialist provider of oil equipment and services, in exchange for a minority stake in the business.
UK - Mercia et al. invest £400,000 into Allinea Software
Mercia Technology Seed Fund and Midven, via its Advantage Growth Fund, have co-led a £400,000 seed funding round for specialist software developer Allinea Software, alongside management.