News
GERMANY - DBAG and Quadriga Capital sell Lewa
Deutsche Beteiligungs AG (DBAG), Quadriga Capital and company management have sold their interests in pump manufacturer Lewa GmbH for an undisclosed sum to Japan-based Nikkiso Co, Ltd.
FRANCE - AXA PE invests in INDOM
AXA Private Equity has invested an undisclosed sum into domain broker INDOM, taking a stake of around 15%.
FRANCE - IDI- and BV Capital-backed Hi-Media acquires AdLINK
IDI- and BV Capital-backed internet business Hi-Media has acquired AdLINK Media, the display advertising network of Germany-based AdLINK Internet Media AG.
UK - BC Partners backs EUR 1.7bn Baxi merger
BC Partners-backed boiler maker Baxi has agreed to a EUR 1.7bn merger with Dutch rival De Dietrich Remeha Group, with the private equity house investing EUR 100m to support the transaction.
UK - Jack Ogston retires from Clydesdale Bank
Head of corporate and structured finance for Clydesdale Bank in Scotland, Jack Ogston, is due to retire this month, having been with the bank for nearly 36 years.
UK - Bridgepoint considers IPO for Pets At Home
Bridgepointis reportedly considering a public floatation of pet retail chain Pets At Home, hoping to raise as much as ТЃ700m from the sale.
UK - Private equity firms battle for Lloyds' fund management arm
Private equity houses Hellman & Friedman and TA Associates are in a battle to acquire Insight, the fund management arm of Lloyds.
BELGIUM - BNP completes EUR 1.6m Eurogentec investment
French investor BNP Paribas Private Equity has invested EUR 1.6m into biotech business Eurogentec.
GERMANY - HTGF et al. invest EUR 650,000 into Intana Bioscience
High-Tech Gründerfonds (HTGF), Bayern Kapital and BioM AG have invested EUR 650,000 into Intana Bioscience GmbH.
UK - Jefferies moves London office
Placement agent Jefferies Helix will be moving its London offices effective 20 July 2009.
UK - Sovereign hits first close for £350m fund
Sovereign Capital has held a first close of its third fund, Sovereign Capital Limited Partnership Fund III, at around 40% of its ТЃ350m target. The sizeable first close is already 27% larger than its predecessor, despite today's extremely difficult fundraising...
ITALY - Apax and Cinven interested in Kedrion
Reports suggest that Apax Partners and Cinven are among the private equity firms interested in taking over the 40% stake in pharmaceutical business Kedrion held by Investitori Associati.
FRANCE - Delta Partners invested EUR 2.75m in SpineGuard
Delta Partners has invested close to EUR 3m into medical equipment company SpineGuard in an extension to the business' first round of funding. Crédit Agricole Private Equity and Innoven Partenaires had originally co-led an $11m investment into the firm...
UK - Inflexion completes HKI exit
Inflexion Private Equity has completed its exit of Healthcare Knowledge International (HKI), after selling its Iberian division, IASIST SA, to trade buyer UBM Limited for an undisclosed value. Inflexion has made a total return of 2.7x money on its original...
UK - Edwards Angell launches PE practice in London
Law firm Edwards Angell Palmer & Dodge has launched a private equity practice in London, which will be headed up by ex-Campbell Hooper partner David Ramm.
FRANCE/ITALY - 21 Centrale Partners strengthens team
21 Centrale Partners has recruited Marco Guglielminetti and Nicolas Marien to its investment teams in Italy and France respectively.
GERMANY - Oaktree and DIC team up for Almatis
According to reports, US loan-to-own investor Oaktree Capital has joined forces with Dubai International Capital (DIC) in a bid to acquire a majority interest in alumina maker Almatis, a portfolio company of DIC that is currently undergoing a debt restructuring....
FRANCE/GERMANY - Gores-backed Sagen buys Gigaset assets
Sagem Communications, backed by US investor Gores Group, has acquired the broadband and WiMAX business of Gigaset Communications GmbH, a subsidiary of industrial holding Arques AG and Siemens AG.
SPAIN - Debaeque invests EUR 2.75m into Apesoft
Venture capital house Debaeque has invested close to three million into software firm Apesoft.
US/Hungary – VCs float LogMeIn at $342m cap
US/Hungarian remote-services technology business LogMeIn has floated on Nasdaq at a market capitalisation of $342m, generating an exit for backers Prism VentureWorks, Polaris Venture Partners, 3TS Capital Partners, Integral Capital Partners and Intel...
EUROPE - EVCA placement code highlights need for transparency
In response to the ongoing reverberations relating to the New York kickback scandal the EVCA has published a draft code of conduct for placement agents, which highlights the need for greater transparency within the sector.
SWEDEN - Bank takes over ex-Nordic Capital owned Plastal units
Swedish bank Handelsbanken, which underwrote Nordic Capital's EUR 352m buyout of automotive industry player Plastal Holding in 2005, has now taken over the Belgian, Norwegian and Swedish units of the group which went bankrupt in March this year.
GERMANY - Target Partners hires associate
Target Partners has appointed Felix Schollmeier to the position of associate.
UK - ICG launches £351m capital raising
Mezzanine specialist Intermediate Capital Group (ICG) is to raise ТЃ351m in a 7-for-2 rights issue.