News
FRANCE - Siparex promotes two
Siparex Group has today announced two internal promotions: Nicolas Eschermann to the management board and Pierre Bordeaux Montrieux as managing director.
EUROPE - PE up 107% in Q3
In the midst of renewed optimism over recovery prospects in the wider economy, private equity investment activity has continued to reverse the slump that had set in at the end of last year, recording a whopping 107% increase to EUR 9.6bn (257 deals) in...
BELGIUM - Vendis reaches first closing on EUR 55m
Belgian private equity firm Vendis Capital has raised EUR 55m for first close of its maiden fund.
ITALY - Investindustrial boosts team
Southern European buyout firm Investindustrial has appointed Filippo Gaggini as senior partner.
ITALY - Investindustrial boosts team
Southern European buyout firm Investindustrial has appointed Filippo Gaggini as senior partner.
BELGIUM - Capricorn launches health tech fund; expands team
Capricorn Venture Partners has launched a new vehicle designed to target early- to mid-stage health technology investments, seeking to raise between EUR 100-120m.
SPAIN - AC Desarrollo acquires Endaki stake
Ahorro Corporación Desarrollo has invested an undisclosed sum in industrial manufacturer Endaki Tecnocast, in return for a minority stake in the business of 22.5%.
UK - Sovereign's Kinetics completes sixth acquistion
UK based buy-and build specialist Sovereign Capital has completed a sixth add-on for facilities management portfolio company Kinetics Group, acquiring gas installation and maintenance business Thorpete Associates.
UK - Apax et al. to exit Tideway Systems
Apax Partners, Accel Partners, Scottish Equity Partners and Nesta are to exit portfolio company Tideaway Systems Limited, an IT discovery solutions business, through a trade sale to BMC Software.
UK - Imperial Innovations et al. invest £1.2m in BioCeramic
Imperial Innovations and Longbow Capital have led a funding round valued at over ТЃ1m for bioactive materials company BioCeramic Therapeutics, alongside existing backers Comvest and the Esmee Fairbarn Foundation.
GLOBAL - Blackstone investors look to raise commitments
Reports suggest that investors in Blackstone's sixth fund, Blackstone Capital Partners VI, are looking to increase the size of their original commitments to the vehicle, which launched in January 2008.
DENMARK - EQT Infrastructure acquires Kommunekemi for EUR 35m
EQT Infrastructure has acquired hazardous waste management company Kommunekemi from The Local Government Denmark (LGDK), The Municipality of Copenhagen, and the Municipality of Frederiksborg, for an enterprise value of DKK 260m.
NETHERLANDS - 3i divests Dockwise stake
3i has sold approximately 26% of its interest in Oslo-listed marine contractor Dockwise, as part of a wider placement of shares by the company that could raise between $220-250m.
FRANCE - Naxicap et al. invest EUR 4m into EcoEnergy
Naxicap Partners, Agregator Capital and Vatel Capital have provided Eco Energy, a turnkey solar company, with EUR 4m in funding.
GERMANY - LEF further invests in agri
Cleantech investor Ludgate Environmental Fund (LEF) has made a follow-on investment of more than £2m into renewable energy company agri capital, in the form of 10% preferred stock and detachable warrants.
ITALY - Alto Partners acquires Diquigiovanni
Alto Partners has acquired an 80% stake in PVC window manufacturer Diquigiovanni in a deal valued at approximately EUR 10m.
UK - Midven exits Autochair; achieves 15% IRR
The HSBC UK Enterprise Fund for the Midlands, managed by Midven, has wholly exited its investment in driving aids provider Autochair Limited, generating a 2x return and an IRR of 15%.
POLAND - EQT looks to Poland for EUR 211m take private
EQT has launched a public tender offer to wholly acquire Polish healthcare business HTL-Strefa SA.
GERMANY - High-Tech Gründerfonds invests in C2Call
High-Tech Gründerfonds has invested in VoIP company C2Call GmbH, alongside two angel investors.
GERMANY - IBB backs MyBrands
IBB Beteiligungsgesellschaft, alongside Grey Corporate Investments and two business angels sourced through the European Founders Fund, have provided a first round of financing for online designer outlet MyBrands.
GERMANY - Demeter settles in Berlin
French cleantech investor Demeter Partners has opened an office in Berlin, which will be managed by investment directors Detlef Steinmann and Michel Leistenschneider.
AUSTRIA – Tecnet equity leads EUR 2m round for nxtControl
Tecnet Equity Technologiebeteiligungs-Invest AG, the investment fund of the federal state of Lower Austria, has led a EUR 2m investment round for software company nxtControl GmbH, taking a 38% stake in the company.
AUSTRIA – Buy_Out Central Europe's takeover of UIAG cancelled
Austrian buyout group Buy_Out Central Europe Managementgesellschaft's has cancelled the planned take-over of investment firm Unternehmen Invest AG.
BULGARIA/HUNGARY – Mid Europa acquires ITV; buys back Invitel's debt
Mid Europa Partners is defying the credit crunch odds to go on a shopping spree: this week it has completed the acquisition of Bulgarian TV operator Interactivni Tehnologii. It is the latest in a number of Balkan TV businesses Mid Europa has backed, already...