News
Deutsche promotes Bagshaw to head of PE unit
Adam Bagshaw has reportedly been promoted to head of Deutsche Bank's private equity unit, replacing Rob Firth, who left the bank last month to join Bank of America Merrill Lynch.
A&M opens office in Warsaw; appoints head of restructuring
Turnaround specialist Alvarez & Marsal (A&M), has expanded its presence in Central and Eastern Europe with the opening of an office in Warsaw, Poland.
AXA acquires majority stake in GO Voyages
AXA Private Equity has acquired a majority stake in GO Voyages, the French online travel site.
Fidelity Growth Partners invests in InnoGames
Fidelity Growth Partners Europe has invested in German videogames developer, InnoGames.
Procuritas acquires Oral Care
Procuritas has acquired Swedish mobile dentistry company, Oral Care.
Viking Venture takes 37.5% stake in Evatic
Viking Venture has acquired 37.5% of the share capital in software business Evatic.
Permira teams up with AMEX for RBS WorldPay bid
Permira and American Express are thought to have partnered to make a bid for Royal Bank of Scotland’s payment processing business.
Altor applies for listing of Byggmax
Altor has applied for a listing of Swedish DIY supplier Byggmax Group on the NASDAQ OMX Stockholm.
Energy Ventures lead NOK 170m buyout of Read Well
Energy Ventures has, alongside Viking Venture, KLP and management, wholly acquired oil & gas services provider Read Well Services (RWS), valuing the business at NOK 170m.
NorthStar pumps £650,000 into Eutechnyx
NorthStar Equity Investors (NSEI) has invested £650,000 in Eutechnyx. The deal was carried out from the Finance for Business North East Fund.
EQT raises AcadeMedia bid
EQT has increased its bid for Swedish education provider AcadeMedia from SEK 190 to SEK 205 per share, valuing the company at approximately SEK 2.473bn.
BeCapital et al. in £5m round for Helveta
BeCapital has led a £5m round for software company Helveta, with Carbon Trust joining as a new investor.
Summit takes majority stake in Ogone
Summit Partners is to acquire a majority stake in online payment processing company Ogone SA/NV; financial terms of the transaction were not disclosed.
Borea acquires WorkShop
Borea has wholly acquired staffing and temping agency WorkShop Bemanning & Kompetanse, alongside Isoldi and Nycon.
Lehman mezzanine unit spun-out to Neovara
Lehman Brothers European Mezzanine Partners has been spun-out by its management team.
Carey Olsen boosts team with four
Carey Olsen has bolstered its team with four hires, including specialist funds lawyer, Oliver Quarmby.
Terra Firma infuses fresh cash into EMI
EMI has confirmed it will receive a fresh cash injection from its private equity backer, Terra Firma, as it continues to fight against breaching bank covenants.
Nazca nears final close; to hit €200m hardcap
unquote” has learnt Nazca Nazca Private Equity is nearing the final close of its third fund. The vehicle has been oversubscribed, surpassing its €150m target and hitting its hardcap – set at €200m.
Ambienta acquires 60% stake in Ecotek
Specialist environmental investor Ambienta has acquired a 60% stake in alternative fuel producer Ecotek. The balance is retained by the Ravelli family.
CPE invests £7.5m into portfolio company Climate Energy Ltd
Climate Change Capital Private Equity (CPE) has invested a further £7.5m into its majority owned portfolio company Climate Energy, an energy efficiency services firm.
Apax Partners heads field in Sif Group auction
Apax Partners is leading the field of bidders in the auction Sif Group, which is put on the block by its private equity owner Egeriam, according to reports.
George Osborne set to vote against AIFM
Britain’s new Chancellor, George Osborne, is set to vote against the Alternative Investment Fund Managers (AIFM) Directive, according to reports.
Zeus backs Electra-net acquisition
Zeus Private Equity-backed Electra-net (UK) has acquired KeTech 2As Ltd from the KeTech Group.
Midven sells Dynamic Change for c£9m
Venture capital investor, Midven, has sold Dynamic Change to Aim-listed Allocate Software, for about £9m, reaping 8x returns on the cash investment.