News
UK - Novartis leads £16m round for Oxagen Limited
Novartis Venture Funds has led a ТЃ16m series C round of funding for drug discovery development company Oxagen Limited.
FRANCE - Wendel and KKR stage partial exit of Legrand
Wendel Investissement and Kohlberg Kravis Roberts (KKR) have reduced their shareholdings in Euronext-listed Legrand, an electronics company, from 61% to 50%.
GLOBAL - Apollo prepares to list on NYSE; revenues rise
Private equity house Apollo Global Management has revealed that its revenues rose in the third quarter as the firm plans its move to list on the New York Stock Exchange (NYSE).
NETHERLANDS - OEP acquires Schoeller Arca Systems
Private equity firm One Equity Partners' (OEP) acquisition of plastic manufacturer Schoeller Arca Systems Services has been approved by the European Commission.
EUROPE - Wilson succeeds Russell as EVCA chairman
Apax partner Richard Wilson has been named the new chairman of the European Private Equity & Venture Capital Association (EVCA), succeeding Jonathan Russell of 3i.
EUROPE - JC Flowers makes two senior appointments in its London office
US buyout firm JC Flowers has made two appointments to its London office. Dr. David Morgan replaces Ravi Sinha as managing director for JCF Europe and Asia Pacific, and former FSA chairman, Sir Callum McCarthy, joins as chairman of JCF Europe, a newly...
BELGIUM - LSP and Sofinnova prepare Movetis IPO
Life Science Partners (LSP) and Sofinnova Partners-backed pharmaceutical company Movetis is planning an IPO on the Euronext, which could raise up to EUR 112.4m.
FRANCE - Ambienta acquires 51% stake in Alpin Pellet for EUR 2.5m
Italian environmental investor Ambienta has acquired a 51% stake in biomass company Alpin Pellet for EUR 2.5m.
GERMANY – CMS Hasche Sigle moves Munich office
Law firm CMS Hasche Sigle has moved its Munich office to the Nymphenburger Höfe at Nymphenburger Straße 12. The office, which houses 70 lawyers and tax advisers, opens today.
GERMANY – CMS Hasche Sigle moves Munich office
Law firm CMS Hasche Sigle has moved its Munich office to the Nymphenburger Höfe at Nymphenburger Straße 12. The office, which houses 70 lawyers and tax advisers, opens today.
UK - Alchemy Partners sells EPS stake
Alchemy Partners has exited its stake in portfolio company Environmental Property Services (EPS) plc, the property installation and maintenance services provider, via a trade sale to MITIE Group for a consideration of up to ТЃ38.5m for all the sellers,...
BELGIUM - Waterland pays EUR 62.4m for 25.1% stake in Arseus
Waterland Private Equity Investments becomes the second largest shareholder in listed medical equipment business Arseus, after having invested EUR 62.4m for a 25.1% stake in the company.
ITALY - Alpha hires associate for Italian team
Alpha Groupe has appointed Francesco Rossi as associate to its Italian buyout and development capital team.
SPAIN – CAI-backed Imaginarium to list on MAB
Children's toy retailer Imaginarium, backed by the Caja de Ahorros Inmaculada private equity arm, CAI Desarrollo Empresarial, is due to list on the alternative market in Madrid, the Mercado Alternativo Bursátil (MAB).
GERMANY – BC Partners' Brenntag shapes up for IPO
News reports indicate that BC Partners' portfolio company Brenntag GmbH is in the process of restructuring its EUR 2.5bn debt to prepare the company for its planned IPO.
UK - Smedvig Capital makes 6.2x money on Protego sale
Smedvig Capital has sold Protego Real Estate Investors to US-based Cornerstone Real Estate Advisers LLC, reaping a total return of 6.2x and an IRR of 58%. No other financial details have been disclosed.
EUROPE - TowerBrook, LPs address credit gap with lending unit
LPs started the year defaulting on capital calls and sending letters to GPs asking (or demanding) they refrain from drawing money. What a difference a year makes - now most are honouring their commitments (though the calls are admittedly few and far between)...
UK - Kelso Place reaps 4x money through partial exit of i2S Group
Kelso Place Asset Management-backed i2S Group Limited, a provider of integrated building control and data communication systems, has sold its controls division, DMS Controls Limited, to US-based Carrier Corporation, a unit of United Technologies Corporation,...
PORTUGAL - Espírito Santo Capital acquires 30% of Amal Group
Espírito Santo Capital has acquired a 30% stake in tube and silo maker Amal Group.
SWEDEN - Chalmers back NemaLabs with further SEK 5m
Chalmers Innovation Seed Fund is backing software business Nema Labs with SEK 5m in a funding round raising a total of SEK 10m for the company's internationalisation. Other investors included Volvo Technology Transfer and Innovationsbron.
POLAND – Royalton adds Cool AR to Activ Parking
Central and Eastern European investor Royalton Investors has acquired a 93% stake in Polish paid parking zone business COOL AR. The deal was done thorough ACTIV Parking Holdings, a Czech parking operator Royalton acquired in January 2009. Together the...
UK - Atlas et al invest $20m into picoChip
Atlas Venture, Highland Capital Partners, Pond Venture Partners and Scottish Equity Partners have invested $20m into wireless infrastructure company picoChip, alongside Rothschild, AT&T, Intel and Samsung, in a Series E funding round.
ITALY – HAL-backed Safilo recap uncertain
Dutch investor HAL Holding today announced that it will extend the offer to eyewear manufacturer Safilo's bondholders to 27 November, as currently only 43.01% of bonds were tendered, versus the 60% acceptance rate HAL reportedly requires to complete its...
BELGIUM - KBC to divest PE unit
According to reports, Belgian banking and insurance group KBC is to divest its private equity unit as part of the group's overall restructuring plan.