News
DFJ Esprit’s Oxford Immunotec to float
Oxford Immunotec Global, a UK-based medical diagnostics company, has filed with the US Security and Exchange Commission (SEC) for an IPO on the Nasdaq that would value the company at up to $245.4m.
Acton appoints two managing partners
Sebastian Wossagk, Acton
KKR to reap up to €564m in Tarkett IPO
French flooring and sports surface maker Tarkett, backed by KKR, has set an indicative price range of €27.75-33.90 for its upcoming IPO on the NYSE Euronext Paris.
LPFA appoints Vandersluis
The London Pensions Fund Authority (LPFA) has appointed Robert Vandersluis, GlaxoSmithKline’s (GSK) director of global pension investments, as non-executive director.
JZCP targets Spain with new joint venture Toro Finance
Listed private equity fund JZ Capital Partners (JZCP) has teamed up with Avenue Capital Group to launch a new €400m finance company in Spain.
European Commission delays VC fund-of-funds proposal
The European Commission is to initially conduct a “feasibility study” in 2014 to explore the creation of a European fund-of-funds for venture capital.
Ratos sees profits after tax decline in Q3
Listed Swedish private equity firm Ratos has seen its profits after tax decrease substantially in the third quarter, according to its latest interim report.
Ardian provides unitranche for Européenne des Desserts buyout
Ardian (formerly Axa Private Equity) has arranged a €70m unitranche facility to finance Equistone's buyout of Européenne des Desserts from Azulis Capital and Céréa Partenaire.
Leonardo & Co hires Jens Nawrath
Corporate finance adviser Leonardo & Co has appointed Commerzbank's Jens Nawrath as managing director for its Frankfurt office.
Bencis to take Xeikon private
Bencis Capital Partners has made a mandatory public offer to acquire all issued shares of Xeikon for €5.85 per share, giving the company an enterprise value of €168m.
GCP promotes McDonald to partner
Kirsty McDonald, GCP
Babson Capital provides mezz for Teachers’ Busy Bees
Babson Capital Europe has provided a mezzanine facility to support the £220m acquisition of UK nursery chain Busy Bees by Teachers’ Private Capital last week.
CapMan's turnover totalled €23.2m in Q3
CapMan Group had a turnover of €23.2m in total in Q3, according to its interim report for the period 1 January-30 September.
CMS sets up shop in Turkey
Law firm CMS has opened an office in Istanbul, highlighting the ever-increasing dominance of the Turkish economy.
Fogel & Partners appointed for Candyking IPO
Accent Equity Partners has appointed Fogel & Partners to advise on confectionery retailer Candyking’s upcoming IPO.
Cinven’s CPA in dividend recap
Cinven is set to reap a £180m dividend from a refinancing of just more than £600m for its portfolio company CPA Global, a UK-based intellectual property management services provider.
Private equity may bite into MPM pet foods
UK pet food firm MPM Products has hired PwC to explore funding options for the business.
3i acquires Allianz's Scandlines stake
3i Group has agreed to acquire co-investor Allianz Capital Partners’ stake in ferry operator Scandlines.
Sovereign appoints Barclays Ventures’ Morgan
Jeremy Morgan, Sovereign Capital
RDIF, CDC launch €1bn Franco-Russian vehicle
Russian Direct Investment Fund (RDIF) and Caisse des Dépôts International (CDC) have joined forces to launch the €1bn Russia-France Investment Fund (RFIF).
Industry must adapt, Investec study finds
Private equity professionals are concerned that the industry is doing too little to address its most pressing issues, according to a study by Investec Fund Finance.
UK plc to overlook Europe
UK plc is to look further overseas, to destinations including the US, India, Brazil and China, for new acquisitions, diminishing a key exit route for European private equity-backed businesses.
Terra Firma to refinance Tank & Rast's €2.1bn debt
Terra Firma is currently considering a refinancing of motorway service operator Tank & Rast's €2.1bn debt load.
6Wunderkinder raises $30m from Earlybird et al.
Earlybird, Sequoia Capital and Atomico have backed to-do list managing app 6Wunderkinder with $30m, according to reports.