News
UK - ICG close to securing 25% stake in CPA
Ripe from its largest ever capital gain on the ТЃ975m Apax-Marken deal at the end of December, ICG is reportedly close to acquiring a 25% stake in CPA Global, the Jersey-based patent and legal services firm, in a ТЃ400m deal.
UK - ISIS realises part of its investment in Traveljigsaw through refinancing
ISIS Equity Partners has realised part of its investment in online travel agent Traveljigsaw through a multi-million pound refinancing, which sees Yorkshire Bank more than double the facilities available to the business.
UK - Lyceum Capital acquires UKDN
Mid-market investor Lyceum Capital has acquired a majority stake in drainage claims manager UK Drainage Network for an undisclosed sum.
GERMANY - Acton acquires stake in mytheresa
Acton Capital Partners has acquired a minority stake in luxury online retailer mytheresa through an undisclosed investment.
UK - Phoenix sells Acorn Care & Education to Ontario Teachers
UK-based buyout firm Phoenix Equity Partners has agreed to sell its portfolio company Acorn Care & Education, a provider of foster care services and schools for children with learning disabilities, to one of its biggest LPs, Ontario Teachers Pension Plan....
NETHERLANDS - PPM Oost backs Heli-One MBO; re-brands NedAero
PPM Oost has backed the management buyout of aircraft parts manufacturer Heli-One Components from CHC Helicopter Corporation, acquiring a 30% stake in the new company which will trade as NedAero company.
DACH - Finatem reaches EUR 120m for third fund
Finatem has held a first close of its third fund, Finatem III, on EUR 120m, around 80% of the target.
UK - Clessidra seeks buyer for Prenergy Power
Italian buyout house Clessidra is said to be seeking a buyer for Prenergy Power, a biomass plant.
UK - MTI and YFM to manage £9m NWDA fund.
MTI Partners and YFM Group have received a mandate from the Northwest Regional Development Agency to jointly manage a new ТЃ9m capital pool.
UK - Bestport in £4.5m round for Intela
Bestport Ventures has led an investment in internet marketing company Intela, committing a little over ТЃ3m in a round totalling ТЃ4.5m. ETV Capital will provide the remainder in facilities and loans.
UK - Braveheart launches Beta EIS Fund
Braveheart Ventures has launched its Beta EIS Fund, a successor to the Group's Alpha EIS Fund.
GERMANY - Seventure and DuMont invest EUR 2m in Tradoria
Seventure Partners and DuMont Venture have invested EUR 2m in e-commerce solutions company Tradoria, in a series-B funding round.
UK - Duke Street sells Affinity to Priory
Duke Street Capital has sold UK mental healthcare business Affinity Healthcare to The Priory Group for an undisclosed sum.
CEE - Mid Europa promotes six
Central European specialist investor Mid Europa Partner has promoted six of its team members.
FRANCE - Alven invests EUR 500,000 in QuelleEnergie
Alven Capital has invested EUR 500,000 in online energy consultancy QuelleEnergie, alongside business angels who have supported the company since its formation in 2008.
SWEDEN - FSN acquires Baggium
Norwegian buyout firm FSN Capital has acquired the Baggium Group, a Swedish provider of education and care services.
GERMANY – HTGF provides seed funding for Raumfeld
High-Tech Gründerfonds has provided seed funding for hi-fi systems maker Raumfeld GmbH.
EUROPE - London to be worse hit if AIFM goes through
The call for tighter regulation of the private equity markets, is likely to "hit London far more than anywhere else" says Clare Grayston, partner at Nabarro in a recent video interview with unquote". See the video on www.unquote.com .
GLOBAL – Unigestion's Secondary Opportunity II hits EUR 135m first close
Privately-owned asset manager Unigestion has held a first close of Unigestion Secondary Opportunity Fund II on EUR 135m.
FRANCE - Avenir et al. purchase Coverpla
Avenir Entreprises, Société Générale Capital Partenaires and BNP Paribas Développement have supported Bruno Diépois in the purchase of Coverpla, a company specialised in packaging for the perfume industry.
FRANCE - EdRIP invests EUR 2.5 in Smile
Edmond de Rothschild Investment Partners has backed Smile, an open source solutions company, with EUR 2.5m. The investment was rounded off with EUR 1m to purchase a part of the founders shares.
UK – BC Partners looking to raise EUR 5.8bn for new fund
BC Partners is reportedly planning to raise a new EUR 5.8bn fund, proof that the large-cap sector could be reviving.
FRANCE - Perceva strengthens team
Perceva Capital has recruited Christophe Ambrosi as a director.
ITALY - BC-backed Seat close to refinancing debt
Yellow page directory business Seat PG, backed by BC Partners, CVC Capital Partners and Permira, is close to reaching an agreement with its lenders, headed by Royal Bank of Scotland, to allow the group to partially refinance its EUR 2.8bn debt.