News
3i returns up in 2009/10
3i made a gross portfolio return of £843m according to its full year results, after suffering losses in excess of £2bn in the previous financial year.
Industries et Finances nets 4.5x return in Caterine group sale
Industries et Finances has divested its stake in restaurant business Caterine Restauration to trade player Compass Group.
Mid Europa invests in Czech Energy 21
Mid Europa Partners has signed an agreement to purchase a stake in Czech solar power operator, Energy 21, for an undisclosed amount. The deal is subject to regulatory clearance.
Pavoncelli departs Lazard to set up PE outfit
Riccardo Pavoncelli is to launch a private equity investment company for private wealth investors, following his departure from Lazard at the end of March, according to media reports.
Avenir Entreprises in Labaronne Citaf SBO
Private equity investor Avenir Entreprises has backed the secondary management buyout of French cistern manufacturer, Labaronne Citaf.
BVCA warns Tory-Lib Dem government on CGT
The British Venture Capital Association (BVCA) has warned the country’s new Conservative-Liberal Democrat government against making a rushed decision on capital gains tax (CGT).
AlixPartners appoints two directors to London team
AlixPartners has appointed Nick Bradley and James Priestly to its London office.
Next Wave-backed TORA invests in Simply Zesty
Next Wave Partners portfolio company The Oxford Research Agency (TORA) has acquired a minority share in Irish online public relations and social media agency, Simply Zesty.
Private equity in talks to acquire Intesa asset manager
Intesa Sanpaolo is in preliminary talks with private equity group Hellman & Hellman to sell a stake in its asset management business, Banca Fideuram.
Terra Firma ‘confident’ on EMI debt
Terra Firma says it is confident it will meet its debt obligations to Citigroup into the next year, according to reports.
CVC sells 4.2% share in IG Group
CVC Capital has sold its 4.2% stake in IG Group, a UK betting company, worth an estimated £58m.
Former fund managers sue 3i
Two former 3i fund managers have reportedly sued the company for £3.06m each in shares and cash performance bonuses, following the closure of a fund they were hired to run.
AGF et al. in €8m round for Crocus
AGF Private Equity, CDC Innovation, CEA Investissement, Nanodimension, Sofinnova Ventures and Ventech have raised an €8m series-C round for IT firm Crocus Technology.
LBO France to sell Medi-Partenaires
LBO France is planning to sell its stake in French clinic operator Medi-Partenaires, according to media reports.
Consortium backs O-Flexx Technologies with €6.7m
SET Venture Partners, Atmos SpA, BankInvest, Emerald Technology Ventures, Partech International, SAM GmbH, and Schneider Electric Ventures SAS have invested €6.7m in cleantech company O-Flexx Technologues GmbH.
Fortis sells fund administration arm to Credit Suisse
Fortis Bank Nederland (FBN) has agreed to the sale of its fund administration unit, Prime Fund Solutions(PFS), to Credit Suisse.
Rockport co-leads $40m round for Think
Venture capital firm Rockport Capital Partners and Ener1, a lithium-ion battery manufacturer have co-led a $40m financing round for electric car manufacturer Think.
Endless promotes four
UK buyout and turnaround specialist investor Endless has promoted Aidan Robson, James Woolley, Indra Valeinis and Lucia Villamor, with immediate effect.
PINOVA Capital takes a participation in Hemoteq AG
PINOVA Capital has invested in medical technology company Hemoteq AG in Würselen.
Close Brothers Corporate Finance renamed
Close Brothers Corporate Finance (CBCF) has been renamed DC Advisory Partners, following its acquisition by a Japanese investment bank.
Criteo achieves $7 million in series-C funding
Criteo has raised $7m from Bessemer Venture Partners in a series-C funding, bringing total fundraising to $24m.
Next stage in AIFM vote delayed
The latest vote on the Alternative Investment Fund Managers (AIFM) Directive has been delayed until 17 May.
Candover-backed Parques Reunidos considers IPO
Candover-backed Parques Reunidos, the Spanish theme park, has turned to JP Morgan, Morgan Stanley and Credit Suisse for assistance preparing its IPO.
Oaktree in Almatis debt-for-equity swap
Oaktree Capital Management, which holds around 46% of alumina maker Almatis' senior debt, is set to take control of the company in a debt-for-equity swap.