News
SPAIN - Iame shuts down fundraising
Iame Capital has has announced that it is no longer seeking to to raise Brand Capital Made in Spain (BCS), a EUR 500m fund launched in the first half of 2008.
GLOBAL - Big Apple pensions ripe for private equity
New York City, which boasts a pension pot of $96.4bn, is reportedly naming a private equity veteran to look after its investment, triggering conjecture that the city may put more money to work in the asset class which spent most of last year plagued by...
GERMANY - SHS invests in TNI medical
SHS Gesellschaft für Beteiligungsmanagement has, together with KfW bank and management, acquired a majority stake in medical technology firm, TNI medical AG.
EUROPE - Riverside makes European promotions
The Riverside Company has promoted Juan Barnechea to head of its European deal origination team. He will be replacing Karsten Langer who will become a transaction partner for Benelux and France.
SWITZERLAND - BioMedPartners reaches final close on CHF 106m
Healthcare venture firm BioMedPartners has reached the final close for BioMedInvest on CHF 106m.
GERMANY - JCMB and IBB back online learning portal sofatutor
JCMB Beteiligungs and IBB Beteiligungsgesellschaft have invested an undisclosed sum in online learning portal sofatutor.
GERMANY - Wellington Partners sells eCircle for EUR 60m to TA Associates
TA Associates has acquired a majority stake in e-mail marketing service eCircle from Wellington Partners, in a deal worth in excess of EUR 60m.
FINLAND - CapMan takes 12% stake in listed Affecto
CapMan, through the CapMan Public Market Fund, has increased its stake in OMX Helsinki-listed IT services company Affecto plc.
US/EUROPE - US Fidelty Ventures team forms Volition Capital
The US operations of Fidelity Ventures has spun out into Volition Capital, an independent growth equity firm that invests in founder-owned technology companies.
SWEDEN - Industrifonden exits Envirotainer to AAC
Swedish investor Industrifonden has exited Envirotainer, a supplier of temperature controlled logistics to the pharmaceutical industry, in a secondary buyout to AAC Capital Partners.
Riverside makes European promotions
The Riverside Company has promoted Juan Barnechea to head of its European deal origination team.
UK - Candover-backed Gala Coral asks lenders for waivers
Permira-, Cinven- and Candover-backed Gala Coral, the British gaming group, has reportedly asked for three waivers from senior debt holders, including the right to skip an upcoming covenant test.
LUXEMBOURG - Argentius to open offices in Luxembourg
Augentius Fund Administration Group has received regulatory approval for the opening of its office in Luxembourg.
FRANCE - BC Partners-backed Médica prepares IPO
It is understood that BC Partners is readying to list its Paris-based care homes group Médica, with bookbuilding set to commence on 25 January with BNP Paribas, Credit Suisse and Royal Bank of Scotland as bookrunners.
NETHERLANDS - Thuja et al. in series-A round for FABPulous
Thuja Capital, Health Innovation Fund, Limburg Ventures and NV Industriebank LIOF have co-led an indisclosed investment into biotechnology firm FABPulous, in a first round of institutional funding.
FRANCE - Natixis and Emerging back USD 22.6m EyeGate investment
Natixis Private Equity and Emerging Capital, alongside return backers Ventech, Innoven Partners and Medicis Capital, have invested close to USD 23m in a series-D financing round for pharmaceutical company EyeGate Pharma.
UK - Octopus boosts multi manager team
Octopus Investments has hired Oliver Wallin and Fiona McRobie to the firm's Multi Manager fund team.
UK - Blackstone in tallks with Branson for Northern Rock
Blackstone is reportedly in talks with Sir Richard Branson's Virgin Money about a bid for state-owned Northern Rock's "good bank", which could be worth up to ТЃ2bn.
UK - Masterson appointed chairman of Montagu
Montagu Private Equity has appointed former CEO Chris Masterson as executive chairman of the UK-based buyout firm.
GERMANY - WHEB Ventures leads EUR 4.7m Torqueedo funding
WHEB Ventures has led an investment of close to EUR 5m in electric outboard motors developer Torqeedo.
UK - Osmond plans to list £500m turnaround vehicle on the LSE
Financier Hugh Osmond, the man behind private equity firm Sun Capital, is reportedly planning to launch a new ТЃ500m investment vehicle on the London Stock Exchange, aimed at investing in big private equity-backed companies that have been crippled by...
UK - LDC backs MBO of JHP with £30m
LDC has backed the management buyout of vocational education provider JHP Group, in a deal that will see the private equity firm invest ТЃ30m for a majority stake in the business.
UK - LDC backs MBO of JHP with £30m
LDC has backed the management buyout of vocational education provider JHP Group, in a deal that will see the private equity firm invest ТЃ30m for a majority stake in the business.
EUROPE - 2010: Leverage renaissance
"Good deals this year shouldn't fall through because of lack of financing as there is enough debt around to service the expected volume of transactions," says Lloyds' Ian Sale, who is optimistic about the prospects for leveraged buyouts in 2010.