News
GERMANY - Triangle and ERP invest EUR 2.5m in TakWak
Triangle Venture Capital and ERP Startfonds have invested in TakWak, a spinout from FG Microtec, in a funding round worth EUR 2.5m.
GERMANY - Odewald-backed walter services makes acquisition
walter services Holding, which is backed by Odewald & cie and caption, has agreed to acquire SEB Card Service from Swedish banking group SEB.
UK - CBPE nears £400m close for eighth buyout fund
Close Brothers Private Equity is reportedly near a £400m close for its maiden fund, below its initial £500m target.
UK - YFM invests £120,000 into New Net Technologies
YFM, alongside management, has invested £120,000 into software company New Net Technologies in a second round of financing for the business.
UK - Finance Wales invests £315,000 into Ocelus
Finance Wales has invested £315,000 in drug company Ocelus as part of a second funding round worth close to £500,000.
UK - Moulton appointed non-exec chairman of finnCap
Private equity veteran Jon Moulton has been appointed non-executive chaiman of finnCap, the specialist growth company adviser and broker.
UK - ICG close to securing 25% stake in CPA
Ripe from its largest ever capital gain on the £975m Apax-Marken deal at the end of December, ICG is reportedly close to acquiring a 25% stake in CPA Global, the Jersey-based patent and legal services firm, in a £400m deal.
UK - ISIS realises part of its investment in Traveljigsaw through refinancing
ISIS Equity Partners has realised part of its investment in online travel agent Traveljigsaw through a multi-million pound refinancing, which sees Yorkshire Bank more than double the facilities available to the business.
UK - Lyceum Capital acquires UKDN
Mid-market investor Lyceum Capital has acquired a majority stake in drainage claims manager UK Drainage Network for an undisclosed sum.
GERMANY - Acton acquires stake in mytheresa
Acton Capital Partners has acquired a minority stake in luxury online retailer mytheresa through an undisclosed investment.
UK - Phoenix sells Acorn Care & Education to Ontario Teachers
UK-based buyout firm Phoenix Equity Partners has agreed to sell its portfolio company Acorn Care & Education, a provider of foster care services and schools for children with learning disabilities, to one of its biggest LPs, Ontario Teachers Pension Plan.
NETHERLANDS - PPM Oost backs Heli-One MBO; re-brands NedAero
PPM Oost has backed the management buyout of aircraft parts manufacturer Heli-One Components from CHC Helicopter Corporation, acquiring a 30% stake in the new company which will trade as NedAero company.
DACH - Finatem reaches EUR 120m for third fund
Finatem has held a first close of its third fund, Finatem III, on EUR 120m, around 80% of the target.
UK - Clessidra seeks buyer for Prenergy Power
Italian buyout house Clessidra is said to be seeking a buyer for Prenergy Power, a biomass plant.
UK - MTI and YFM to manage £9m NWDA fund.
MTI Partners and YFM Group have received a mandate from the Northwest Regional Development Agency to jointly manage a new £9m capital pool.
UK - Bestport in £4.5m round for Intela
Bestport Ventures has led an investment in internet marketing company Intela, committing a little over £3m in a round totalling £4.5m. ETV Capital will provide the remainder in facilities and loans.
UK - Braveheart launches Beta EIS Fund
Braveheart Ventures has launched its Beta EIS Fund, a successor to the Group's Alpha EIS Fund.
GERMANY - Seventure and DuMont invest EUR 2m in Tradoria
Seventure Partners and DuMont Venture have invested EUR 2m in e-commerce solutions company Tradoria, in a series-B funding round.
UK - Duke Street sells Affinity to Priory
Duke Street Capital has sold UK mental healthcare business Affinity Healthcare to The Priory Group for an undisclosed sum.
CEE - Mid Europa promotes six
Central European specialist investor Mid Europa Partner has promoted six of its team members.
FRANCE - Alven invests EUR 500,000 in QuelleEnergie
Alven Capital has invested EUR 500,000 in online energy consultancy QuelleEnergie, alongside business angels who have supported the company since its formation in 2008.
SWEDEN - FSN acquires Baggium
Norwegian buyout firm FSN Capital has acquired the Baggium Group, a Swedish provider of education and care services.
GERMANY – HTGF provides seed funding for Raumfeld
High-Tech Gründerfonds has provided seed funding for hi-fi systems maker Raumfeld GmbH.
EUROPE - London to be worse hit if AIFM goes through
The call for tighter regulation of the private equity markets, is likely to "hit London far more than anywhere else" says Clare Grayston, partner at Nabarro in a recent video interview with unquote". See the video on www.unquote.com .