News
BULGARIA – Advent sips EUR 40m Devin
Advent International's Central & Eastern European team has completed the acquisition of a 79% stake in Bulgarian bottled water business Devin AD. The company is listed on the Bulgarian Stock Exchange and the shares were acquired from Austria's Soravia...
NETHERLANDS - LSP in EUR 2m round for Kreatech Diagnostics
Life Science Partners (LSP) and Alafi Capital-backed biotech firm Kreatech Diagnostics has just closed a new EUR 2m round of financing which saw the participation of a new investors.
FRANCE – EdRIP hits EUR 250m target of new fund
Edmond de Rothschild Investment Partners (EdRIP) has reached the final close of its fund Winch Capital 2 on EUR 250m following a first closing on EUR 175m in July this year.
FRANCE - Astorg takes 32% stake in EUR 500m Gras Savoyarde
Astorg is set to take a 32% stake in insurance broker Gras Savoye, in a deal valuing the company at approximately EUR 500m, including EUR 200m of debt. The LBO deal sees US group Willis reduce its stake to 31.8%.
ROMANIA – 3TS Cisco backs InternetCorp
3TS Capital Partners has acquired a minority stake in Romanian online media company InternetCorp. The transaction was funded through the 3TS Cisco Growth fund, which focuses on small- and medium-sized technology, media and communications companies in...
GERMANY – Target Partners appoints new partner
Munich-based venture capital firm Target Partners has hired Michael Brehm as venture partner.
ROMANIA – Enterprise Investors in EUR 66m MBI of Profi Rom
Enterprise Investors has led the EUR 66m buy-in of Romanian supermarket chain Profi Rom Food Group. The deal sees the house wholly acquire the business from former owner Duna Waiting Participation, and install Gunter Grieb as new CEO.
UK - Octopus launches £25m Titan VCT 4 fund
Octopus Investments has announced the launch of Octopus Titan VCT 4, a new vehicle designed to invest in early stage UK companies with a target of ТЃ25m.
FRANCE - Avenir backs spin-out of CNCP Bordet with EUR 2m
Avenir Entreprises has invested EUR 2m for a minority stake in CNCP Bordet to support the B2B tubes and plastics business' spin-out from Frans Bonhomme.
FRANCE - Avenir backs spin-out of CNCP Bordet with EUR 2m
Avenir Entreprises has invested EUR 2m for a minority stake in CNCP Bordet to support the B2B tubes and plastics business' spin-out from Frans Bonhomme.
NETHERLANDS - Gilde buy Uniq's Dutch wing
Gilde Equity Management Benelux is set to acquire Uniq Plc's Dutch business units, valued at a total of EUR 20m, as the UK-listed food producer Uniq is looking to raise cash to manage its debt.
UK - Aquarius Origin invests in Conformetrix
Newly-launched Aquaris Origin Fund has acquired a minority stake in drug development company Conformetrix in a deal of undisclosed value.
UK - Oxford Capital exits Orthomimetics
Oxford Capital has exited its investment in medical technology company Orthomimetics via a trade sale to TiGenix, for a consideration of EUR 3.7 million new TiGenix shares.
UK - ISIS Equity reaps 4x money on ScriptSwitch sale
ISIS Equity Partners has wholly exited its investment in drug comparison software company ScriptSwitch via a trade sale to US-based healthcare operator UnitedHealth in a deal that values the business at ТЃ50m, generating a return of four times money....
UK - NBGI backs the £13m management buy-in of Matrix's Pasta King
NBGI Private Equity has backed the ТЃ13m management buy-in of food company Pasta King from Matrix Private Equity Partners and the incumbent management, acquiring a majority stake in the business.
GERMANY/US – IK's Minimax to merge with Viking Group IK
IK Investment Partners backs its portfolio company Minimax in its merger with US-based Viking Group.
DENMARK - PAI looking to list Chr Hansen
Reports suggest beleaguered buyout house PAI Partners is looking to offload its stake in Chr Hansen, a Danish food ingredients business, through an IPO that would value the business at EUR 2bn.
DENMARK - IK and Ratos-backed Superfos offloads US operations
IK Investment Partners and Ratos-owned packaging group Superfos' has sold its US operations, Superfos Packaging Inc., to Berry Plastics Corporation for an enterprise value of approximately USD 82m.
UK - Orkos Capital et al. invest EUR 9m into Muzicall
Orkos Capital, Veddis Ventures and GP Bullhound have invested EUR 9m into ringback tone service provider Muzicall, alongside existing backers BlueRun Ventures and Thule Investments.
UK - NVM achieves IRR of 21% on Abermed sale
NVM Private Equity has wholly exited its investment in Abermed, the occupational health and remote medical services company, via a trade sale to International SOS, for an undisclosed amount, generating a return of 2x money and an IRR of 21%.
EUROPE - EVCA adopts new governing structure
The European Private Equity and Venture Capital Association has today announced the adoption of a new governing structure, including the creation of a Public Affairs Executive (PAE), designed to allowthe industry to "speak with one voice".
ITALY - 360 Capital Partners to float Yoox
As reported in the most recent edition of Southern Europe unquote" , the flotation of online clothes & accessories retailer Yoox, which backed by 360 Capital Partners, has gone ahead, with the firm expecting to raise up to EUR 226m.
GERMANY - DPE exits SSB Wind Systems
DPE Deutsche Private Equity has sold its shares in SSB Wind Systems to US-based Emerson Electric Co for an undisclosed amount.
UK - NorthStar leads £800,000 Cogenta funding
NorthStar Equity Investors (NSEI) has led an ТЃ800,000 investment into software company Cogenta Systems, alongside Hotspur Capital Partners.