News
FRANCE - Allianz to sell AGF PE
According to reports, Allianz has mandated Rothschild to oversee the sale of its private equity investment arm, AGF Private Equity, with AXA Private Equity cited as a possible suitor.
GERMANY - Salans hires Mike Danielewsky
Salans has hired Mike Danielewsky for its Frankfurt office.
GLOBAL - Carlyle to change terms on its fifth fund
It is understood that Carlyle Group is the latest private equity firm to appease its investors by agreeing to several changes to terms on its fifth fund, Carlyle Partners V, including a split on transaction fees, limits on the amount of debt investments...
UK - PAI to inject additional £20m into Kwik-Fit
French buyout house PAI Partners is said to be injecting ТЃ20m of fresh capital into portfolio company Kwik-Fit, the ailing tyres and exhausts retailer, in an effort to prevent the business breaching it's banking covenants.
UK - Inflexion backs £33m FDM MBO
Inflexion Private Equity has backed the management buyout of AIM-listed IT services company FDM Group, in a deal that values the business at a little over ТЃ33m.
GERMANY - Pamplona's Saf-Holland completes restructuring
Pamplona Capital's portfolio company Saf-Holland, a manufacturer of commercial vehicle parts, has reached agreement with creditors on a financial restructuring and extension of its existing EUR 316m credit line until September 2014.
SWITZERLAND - Ventech backs Covagen
Venture firm Ventech has invested an undisclosed sum in biotechnology company Covagen.
GERMANY - Oaktree to challenge DIC for Almatis
Reports suggest that distressed debt specialist Oaktree Capital is planning a takeover of Dubai International Capital-backed German alumina maker Almatis, in which it is a major creditor following the acquisition of debt on the secondary market.
NORWAY - ETF leads EUR 12m Kebony funding
Environmental Technologies Fund has led a EUR 12m investment in Kebony, a Norwegian supplier of environmentally friendly wood.
SWEDEN - Creandum promotes Cassel to general partner
Nordic venture capital firm Creandum has promoted Fredrik Cassel to general partner.
SPAIN - CAI to remain in Imaginarium
CAI Desarrollo Empresarial, the private equity arm of savings bank Caja de Ahorros de la Inmaculada, is to retain its holding in childrens toy retailer Imaginarium when it floats on Mercado Alternativo Bursátil, Madrid's alternative investment market,...
UK - Dawn Capital invests in series A round for Manic Monkey
Dawn Capital has invested an undisclosed amount into 3D animation specialist Manic Monkey in a series-A round of financing.
GERMANY - HTFG and MAZ invest in MobileBits
High-Tech Gründerfonds and Maz level one have invested an undisclosed sum in software company MobileBits.
SPAIN - BC to divest Teknon
It is understood that BC Partners has put Barcelona-based healthcare business Teknon on the block, with the investor reportedly seeking a price tag of between EUR 140-160m.
GERMANY - equitrust acquires Angiokard
equitrust has acquired a majority stake in medical equipment company Angiokard Medizintechnik from Masterflex.
UK - Oxford Technology et al. invest £1.3m in DMD
A consortium comprising Oxford Technology Management, YFM, the ERA Foundation and two private investors, has invested more than ТЃ1m in diamond super-materials supplier Diamond Microwave Devices.
UK - DN Capital invests in Apsmart
DN Capital has invested an undisclosed amount into smartphone company Apsmart.
UK - Palamon acquires ADP in £136m deal
Palamon Capital Partners has acquired a majority stake in dentistry business Associated Dental Practices in a ТЃ136m buyout from Smith & Williamson, the adminstrators of Kaupthing Capital Partners, the former private equity owners of the business who...
EUROPE - Delving into fair value
With the recent market turmoil and lack of comparables, fair value remains a complicated accounting principle. In a recent video interview, Nordic unquote" editor Rikke Eckhoff discusses the implication of this principle for the industry with PricewaterhouseCoopers...
GERMANY – EMBL leads EUR 4.6m round for Elara Pharmaceuticals
EMBL Ventures has led an investment round for biotech company Elara Pharmaceuticals, raising a total of EUR 4.6m
NORWAY - Investinor makes NOK 58m Innotech investment
Investinor has invested NOK 58m in clean energy company Innotech Solar (ITS), taking a stake of close to 16% in the business.
GERMANY - Palamon Capital Partners invests in Polikum
Palamon Capital Partners has agreed to invest in health clinic operator Polikum, taking a significant minority stake in the business.
NORWAY - Reiten acquires Basefarm for NOK 255m
Norwegian private equity firm Reiten & Co has acquired online application services supplier Basefarm, a subsidiary of media group Schibsted, in a deal valuing the business at NOK 255m.
UK - 3i appoints senior adviser
According to reports, 3i has hired Kim Winser to advise the firm on retail and consumer investments.