News
Advent International opens office in NY; Franks relocates
Advent International has announced that it will be opening an office in New York this month and as a result, managing director Tim Franks will relocate from London to lead the new office.
HTGF, DuMont Venture and bAV Consult sell northworks
High-Tech Gründerfonds (HTGF), DuMont Venture and bAV Consult have sold their stakes in northworks Software GmbH to games provider Travian Games GmbH.
IIGCC launches guide for private equity community
The Institutional Investors Group on Climate Change (IIGCC) today launched a guide on climate change aimed at private equity investors.
Augentius appoints new MD
Fund administrator Augentius has appointed Glyn Thomas as managing director of its Guernsey office.
Finlombarda invests €1.5m in Microcinema
Finlombarda Gestioni SGR has invested €1.5m in Italian digital distribution network of film and digital content Microcinema, taking a minority stake in the business.
Nordic Capital divests Menigo to Brakes Group
The deal sees Nordic Capital divest the majority of its stake in the business and retain 33%.
Alto Partners takes 51% stake in IPE Cavalli
Alto Partners has acquired a 51% stake in design furniture business IPE Cavalli.
AFINUM Management buys Erpo International
AFINUM Management GmbH has acquired upholstery furniture maker Erpo International from its previous owner Thomas Jungjohann for an undisclosed sum.
3i loses control of Global Garden Products
3i has lost control of its Italian lawnmower manufacturer Global Garden Products (GGP), which has been taken over by its senior lenders during the company’s restructuring process.
Finnish Industry Investment invests €6.6m in Glaston
Government-backed Finnish Industry Investment has made a тЌ6.6m investment in glass technology company Glaston Corporation.
AXA PE and PAI bidding for Shell's €1bn LPG division
AXA Private Equity and PAI Partners are among the bidders circling Royal Dutch Shell’s Liquefied Petroleum Gas (LPG) division, which price tag nears €1bn.
Alvarez & Marsal expand services across Benelux
International bankruptcy advisory firm Alvarez & Marsal (A&M), appoints two to its Benelux practice as it broadens its service offering across the region.
BC Partners and Cinven-backed Amadeus prepares to float
PE-backed travel specialist Amadeus is said to be expecting to formalise its return to public markets sometime during the first half of this year.
N+1 backed Bestin seeks voluntary credit agreement
N+1-backed logistics operator Bestin Supply Chain has requested a voluntary credit agreement with the object of finalising the debt restructuring of the various firms making up the group.
Private equity-backed Cortefiel in €130m capital increase
CVC, PAI and Permira-backed fashion retailer Cortefiel has approved a €131.4m capital increase that supports the conversion of debt into equity.
AXA PE invests in MenInvest
AXA Private Equity has taken a minority stake in MenInvest, an e-commerce company, in a first round of financing of an undisclosed value.
Gimv divests L&C to Nasdaq-listed Nuance
Gimv has sold its stake in technology business Language & Computing (L&C) to Nasdaq-listed Nuance Communications, a provider of speech and imaging solutions for businesses and consumers around the world.
Candover's shares rise as firm hints at new beginnings
Troubled private equity firm Candover's shares went up 8% in early morning today after it reportedly hinted at future plans to raise new funds.
Foresight boosts European solar team
Foresight Group, a dedicated environmental investor, has appointed Federico Giannandrea as investment director.
T-Venture invests in Lantiq
T-Venture has made a strategic investment in access and home networking technologies company Lantiq.
SICI and FidiToscana back Montalbano Technology
Sviluppo Imprese Centro Italia (SICI) and the Tuscan financial agency FidiToscana have invested €2m in Montalbano Technology, taking a 24% stake in the business.
Alvarez & Marsal appoints Paul Taaffe as MD
Alvarez & Marsal has bolstered its team in Germany by appointing Paul Taaffe as a managing director to its restructuring and turnaround practice.
GCRPV invests €3.5m in Notro Televisión
Gestión de Capital Riesgo del País Vasco (GCRPV), the private equity arm of the Basque country, has invested €3.5m in broadcasting firm Notro Televisión taking a 9.94% stake in the business.
Mutua Madrileña suscribes €16m to Altamar fund
Spanish insurance firm Mutua Madrileña has committed €16m to Altamar Secondary Opportunities, taking a 25% stake in the €65m secondaries fund.