News
Encore Ventures and MTI exit ApaTech in $330m deal
Encore Ventures and MTI Partners have exited their investment in orthobiologics products company ApaTech via a trade sale to healthcare business Baxter Inc. for a total consideration of up to $330m.
N+1 backed Bestin seeks voluntary credit agreement
N+1-backed logistics operator Bestin Supply Chain has requested a voluntary credit agreement with the object of finalising the debt restructuring of the various firms making up the group.
Private equity-backed Cortefiel in €130m capital increase
CVC, PAI and Permira-backed fashion retailer Cortefiel has approved a €131.4m capital increase that supports the conversion of debt into equity.
AXA PE invests in MenInvest
AXA Private Equity has taken a minority stake in MenInvest, an e-commerce company, in a first round of financing of an undisclosed value.
LDC acquires Speed Check Services
UK mid-market investor LDC has acquired a majority stake in traffic management specialist Speed Check Services (SCS).
Banks seize control of 3i-backed Ultralase
Senior lenders have reportedly taken control of 3i-backed Ultralase, the UK laser eye surgery chain, as part of a pre-pack administration, making it the second of the private equity firm's portfolio companies to fall within a week.
Gimv divests L&C to Nasdaq-listed Nuance
Gimv has sold its stake in technology business Language & Computing (L&C) to Nasdaq-listed Nuance Communications, a provider of speech and imaging solutions for businesses and consumers around the world.
Candover's shares rise as firm hints at new beginnings
Troubled private equity firm Candover's shares went up 8% in early morning today after it reportedly hinted at future plans to raise new funds.
Foresight boosts European solar team
Foresight Group, a dedicated environmental investor, has appointed Federico Giannandrea as investment director.
T-Venture invests in Lantiq
T-Venture has made a strategic investment in access and home networking technologies company Lantiq.
Catapult et al. invest in Zinwave
Catapult Venture Managers (CVM) has made an undisclosed investment in Zinwave, developers of an active wideband in-building antenna system.
Carlyle-backed Bigmouthmedia to merge with LBi
Carlyle-owned marketing specialist Bigmouthmedia is set to merge with Stockholm-listed digital marketing and technology agency, LBi International.
Hibbert leaves MVision
Warren Hibbert, partner at placement agent MVision Private Equity Advisers has reportedly left the firm to "explore new opportunities".
SICI and FidiToscana back Montalbano Technology
Sviluppo Imprese Centro Italia (SICI) and the Tuscan financial agency FidiToscana have invested €2m in Montalbano Technology, taking a 24% stake in the business.
LGV-backed Jeyes secures £20m credit facility
LGV-backed hygiene product manufacturer, Jeyes Holdings has completed a refinancing agreement, securing a revolving asset-based lending facility in excess of £20m provided by RBS.
Lion exits Kettle in $615m trade sale
UK-based private equity firm Lion Capital has agreed the sale of Kettle Foods to trade buyer Diamond Foods for $615m in cash.
Alvarez & Marsal appoints Paul Taaffe as MD
Alvarez & Marsal has bolstered its team in Germany by appointing Paul Taaffe as a managing director to its restructuring and turnaround practice.
Gibson, Dunn appoints Freshfield's Roberts to London office
Gibson, Dunn & Crutcher has hired Jeff Roberts as a London-based partner with a focus on international M&A, private equity and equity capital markets.
3i's British Seafood falls into administration
3i-backed British Seafood, the fish importer and distributor, is understood to have gone into adminstration, wiping out the private equity firm's £81m investment in the company.
GCRPV invests €3.5m in Notro Televisión
Gestión de Capital Riesgo del País Vasco (GCRPV), the private equity arm of the Basque country, has invested €3.5m in broadcasting firm Notro Televisión taking a 9.94% stake in the business.
Mutua Madrileña suscribes €16m to Altamar fund
Spanish insurance firm Mutua Madrileña has committed €16m to Altamar Secondary Opportunities, taking a 25% stake in the €65m secondaries fund.
Equita sells PMA to Thomas & Betts
Equita has sold PMA Group, a manufacturer of cable protection systems, to Thomas & Betts for EUR 85m.
KKR nears NYSE listing; releases fourth quarter results
Private equity behemoth KKR is moving closer to listing on the New York Stock Exchange, as the firm has confirmed the move yet again in its financial results report for the fourth quarter, released yesterday.
NBGI appoints ICG's Hallala to its team
Lower mid-market private equity firm NBGI Private Equity has hired Mark Hallala to head up its investor management team.