News
EUROPE - Peter Combe leaves Permira Debt Managers
The head of Permira Debt Managers, Peter Combe, has left the UK private equity firm's debt fund as its second in command is promoted to prepare for the changing credit market opportunities.
FRANCE - Activa sells BFI in EUR 20m deal
Activa Capital has sold BFI Optilas, an electronic equipment company, to UK-listed Acal in a deal that values the company at EUR 20m.
ITALY - Mandarin acquires IMA stake in EUR 33m deal
Italian-Chinese private equity firm Mandarin Capital Partners has acquired stake of close to 7% in pharma business IMA in a deal valued at a little over EUR 33m.
GERMANY - BioMedPartners leads EUR 11m investment into Activaero
BioMedPartners has led a series A round worth close to EUR 11m for medical equipment business Activaero, alongside VI Partners, Abalis Finance and Vesalius Biocapital.
GERMANY - Bridgepoint leads field for Strato
According to reports, UK buyout house Bridgepoint is currently leading a field of three bidders seeking to acquire web hosting company Strato, which is being sold by telecommunications company freenet and is thought to have a price tag of EUR 300-400m....
BULGARIA - EQT merges Eurocom and CableTel in EUR200m deal
Swedish private equity house EQT has simulaneously acquired Eurocom and CableTel, the two largest broadcasters in Bulgaria, from Warburg Pincus and Gene Phillips respectively, in a deal believed to be worth more than EUR 200m.
AUSTRIA - Nomura et al. invest EUR 15m into Nabriva
Existing investors Nomura Phase 4 Ventures, HBM Partners, Wellcome Trust, GLS Ventures and Novartis Venture Fund have invested EUR 15m into biotechnology company Nabriva Therapeutics.
FRANCE - Alto and NCI invest EUR 1m into Ma-Papeterie
Alto-Invest and NCI Gestion have provided Ma-Papeterie, an online stationary company, with a EUR 1m investment.
EUROPE - YELLing about debt
The painful restructuring of YELL highlights the ills of yesterday's excesses - and shows there is a lot of pain ahead, writes Kimberly Romaine .
TURKEY - Bridgepoint acquires TüvTurk
UK-based buyout house Bridgepoint has acquired Turkish vehicle inspection business TüvTurk for an undisclosed sum.
UK - Finance Wales reaps 25% IRR through Abriox buy-back
Finance Wales has wholly exited its investment in monitoring instrumentation manufacturer Abriox Ltd through a managment buyback, generating an IRR of between 25-30%.
UK - TPG exits remaining Debenhams stake in £97m deal
Buyout house TPG has sold its remaining 9% stake in department store chain Debenhams to an institutional buyer for about ТЃ97m.
FRANCE - TCR Capital acquires Oberthur
TCR Capital has taken a majority holding in Groupe Ouest Finance, the holding company of stationary companies Oberthur and Oller, for an undisclosed sum.
BELGIUM - KBC in EUR 2.2m capital increase for Cellumat
KBC Private Equity has, alongside management, participated in a capital increase for portfolio company Cellumat, raising EUR 2.2m
GREECE - TPG drops out of Wind Hellas restructure bid
TPG has dropped out of the process to restructure mobile telecom operator Wind Hellas. Reports suggest that current owner Weather Investments and Aladdin Capital which co-ordinates holders of subordinated bonds worth around EUR 500m, are the only two...
FRANCE - Avenir and Oséo support Dalsouple
Avenir Entreprises, Oséo and Anjou Initative have supported Pascale le Saëc in the MBI of Dalsouple, a producer of rubber floors and walls. The Motoire family has ceded their entire holding in the company.
GERMANY - HTGF and BBAF invest EUR 550,000 into Autoaid
High-Tech Gründerfonds and BBAF Business Angels Fondsgesellschaft mbH have invested EUR 550,000 into car diagnostics software startup Autoaid GmbH.
FRANCE - Natixis to restructure private equity activity
According to reports, Natixis has mandated Oddo Corproate Finances to help reorganise its private equity division. The bank will not look to sell is private division.
UK - Scale and Balderton- backed ScanSafe sold to Cisco
Web security firm ScanSafe, backed by Scale Venture Partners and Balderton Capital Partners, has been sold to IT giant Cisco for approximately USD 183m in cash and retention-based incentives.
Global - Sofinnova Partners sign three biotech deals
French venture investor Sofinnova Partners has participated in funding rounds for three early-stage biotech companies, committing a total of GBP 30m. In the UK, Crescendo raised GBP 4.5m, while US-based Flexion Therapeutics and DNP Green Technology received...
FRANCE - Ouest Ventures holds EUR 21m first close of Fund II
Ouest Ventures has held a first close on EUR 21m of its second FCPR fund, Ouest Ventures II.
GERMANY – BC Partners and Apollo plan EUR 300m IPO for Unitymedia
According to press reports, BC Partners and Apollo Management are looking to float cable company Unitymedia GmbH. Reports suggest the investors are targeting a market capitalisation of at least EUR 300m.
EUROPE – Ogier appoints five
Ogier Group, a provider of offshore legal and fiduciary services, has appointed five new members to its partnership. Jane Pearce, Paul Perris, Nicholas Plowman, Sally Edwards and Edward Mackereth will all join on 1 February 2010.
NORWAY - InnKap et al in NOK 30m share issue for SantoSolve
Existing backers Nordic venture funds InnovationsKapital and Teknoinvest have participated in a NOK 30m share issue for pharmaceutical company SantoSolve AS. New investor, the Norwegian governement-owned venture fund Investinor, contributed NOK 15m for...