News
UK - DN backs Target 250
Venture investor DN Capital has provided b2b technology lead generation business Target 250 with its first institutional round of funding.
SWEDEN - Accent backs Bergteamet
Accent Equity has invested an undisclosed sum in Swedish mining contractor Bergteamet.
SWEDEN - Altor secures largest chunk of pharmacy network after wave of sell-offs
Buyout house Altor Equity Partners now controls the dominant player in the newly de-monopolised Swedish pharmacy market, acquiring two of the eight clusters being sold by the government as part of a wave of sell-offs that have raised close to SEK 6bn....
FRANCE - LL Berg strengthens team
LL Berg has recruited Gaëlle Quillivic as a senior lawyer.
FRANCE - Naxicap and SCR power SolarQuest with EUR 1.2m
Naxicap Partners and SCR Provenceale et Corse, a subsidiary of Banque Populaire Provençale et Corse, have provided SolarQuest, a turnkey solar instillations company, with EUR 1.2m.
SWEDEN - Segulah sells Isaberg Rapid to Esselte
Swedish buyout house Segulah has sold staple manufacturer Isaberg Rapid to US-based office supplies company Esselte, owned by Boston-based private equity firm J.W. Childs Associates. Segulah is said to have made a "very good" return on the exit.
UK- Permira in exclusive talks for Montagu's Survitec
Permira is reportedly in exclusive talks to acquire survival equipment maker Survitec from Montagu Private Equity, having gained sole access to the company's books in the last week.
UK- LDC refinances Ultimate Products with new debt from HSBC
LDC has agreed a refinancing of portfolio company Ultimate Products, a homeware merchandise supplier, that will see HSBC inject ТЃ15m of new debt facilities into the business.
UK - NorthStar leads £850,000 round for WorkCast
NorthStar Equity Investors (NSEI) has led a ТЃ850,000 funding round for online webcasting company The WorkCast Corporation.
FRANCE - Permira appoints Vauchy head of Paris office
Permira has appointed Benoit Vauchy as the new head of its Paris office. Vauchy will replace Philippe Robert who is set to leave at the end of the year.
SWEDEN - Priveq and Investor in SEK 3.5bn Orphan exit
Swedish private equity house Priveq and industrial holding Investor Growth Capital has sold drug company Swedish Orphan International to Biovitrum in a SEK 3.5bn deal.
SWEDEN - STING Capital backs Peepoople
Swedish venture fund STING Capital has, together with business angels, invested an undisclosed sum in Peepoople, a developer of single-use, biodegradable bags designed to provide access to affordable hygienic sanitation in third world countries.
CEE - Rabobank and EBRD establish Resource
The European Bank for Reconstruction and Development (EBRD) and Rabobank have each commited EUR 25m to newly formed private equity fund, Resource Eastern European Equity Partners I, which will focus on supporting small- and mid-cap businesses in EU states...
GERMANY - Apax, EQT and Warburg in race for EUR 2bn ratiopharm
According to reports, global buyout houses Apax Partners, EQT and Warburg Pincus are among the bidders for generic drug manufacturer ratiopharm group, which is being sold by VEM Vermoegensverwaltung and is valued at above EUR 2bn.
RUSSIA - Siguler Guff takes stake in MDM Bank
US-based private equity firm Siguler Guff has acquired a minority stake in MDM Bank, one of Russia's largest private banks, for an undisclosed amount.
UK - MidOcean restructures bezier group
MidOcean Partners has restructured its portfolio company bezier group, a retail marketing agency, in a deal that will see a new management team appointed and new equity injected into the business to the tune of ТЃ6.5m.
GERMANY - Creathor backs EUR 4m Cevec investment
Creathor Venture Fonds and NRW Bank have co-led a EUR 4m investment in biotechnology company Cevec Pharmaceuticals, alongside a syndicate of private and institutional investors, including the venture capital branch of Sparkasse KoelnBonn and KfW bank's...
FRANCE - AGF et al. complete EUR 20m TravelHorizon transaction
AGF Private Equity and CM-CIC Capital Privé have joined returning investor Wellington Partners in a EUR 20m investment in online travel operator TravelHorizon.
GREECE - PPF considers Wind bid
Czech private equity firm PPF Partners is rumoured to be considering a last minute offer to acquire indebted telecommunication business Wind Hellas, alongside Italian insurance firm Generali.
UK - MMC Ventures invests £1.2m in e-trader group
MMC Ventures has invested just over ТЃ1m in online trade business e-trader group.
UK - Exponent acquires enlarged Ambassador
Exponent Private Equity has acquired a majority holding in Ambassador Theatre Group in a transaction that will see the theatre operator simultaneously acquire the UK operations of its rival, Live Nation.
FRANCE - CVC and Cognetas lose CPI investment
CVC and Cognetas have lost their stakes in Chevrillon Philippe Industrie (CPI), a book printing group. The Paris-based company was taken over by its lenders led by Royal Bank of Scotland. RBS, 17 other creditors and management will now hold 100% of the...
SWEDEN - STING Capital backs FileRide with SEK 2m
Swedish venture investor STING Capital has backed social networking software company FileRide with SEK 2m.
GERMANY – Consortium funds Probiodrug AG with EUR 36m
BB Biotech and Edmond de Rothschild Investment Partners have co-led a EUR 36m Series-B round in biotech company Probiodrug AG. Other backers included LSP Life Science Partners, Biogen Idec New Ventures and existing investors IBG Fonds, managed by Goodvent,...