News
UK - Crescent Capital leads £2m Axis investment
Crescent Capital has led a ТЃ2m round of funding for medical imaging company Axis Three, alongside existing investors Clarendon Fund Managers and Siemens.
UK - Pamplona challenged for stake in Chaucer
Pamplona Capital is reportedly being challenged for its stake in London-based insurance underwriter Chaucer Holdings by Lloyd's of London insurer Brit Insurance, which has made a takeover offer valuing the company at ТЃ220m.
BELGIUM - Gimv holds second close on EUR 560m
Belgian investor Gimv has reached a second closing of its XL fund on EUR 560m, up from the previous EUR 500m.
UK - NVM-backed CloserStill acquires two exhibition businesses
NVM Private Equity-backed events company CloserStill has acquired Pioneer Global Media and Principal Media for an undisclosed sum.
UK - YFM completes £500,000 Syphan funding
YFM Venture Finance, through the Yorkshire and Humber Equity Fund (YHEF) and Partnership Investment Fund (PIF), has invested ТЃ500,000 into security technology company Syphan Technologies. Both YHEF and PIF contributed ТЃ250,000 of the total.
GERMANY - Warburg seeks buyer for Easycash
Reports indicate that Warburg Pincus has hired UBS to find buyers for credit cards payment processing company Easycash, with the sale expected to be worth anywhere up to EUR 300m.
GERMANY - JC Flowers-backed Hypo prepares for profit plunge
Hard-hit real estate lender Hypo Real Estate, which is backed by US buyout house JC Flowers, has announced that profits are likely to see a "high three digit million" decrease in the second quarter of 2009 amidst a weakening real estate loan market.
GERMANY - Frog doubles SiC stake
London-based venture firm Frog Capital has doubled its stake in portfolio company SiC Processing AG, a producer of wafer cutting fluids used in silicon wafers, through the purchase of holdings from other shareholders.
GERMANY - HTGF et al. invest EUR 500,000 into wwg
High-Tech Gründerfonds (HTGF), Holtzbrink Ventures and business angels Oliver Jung and Torsten Oppermann have invested EUR 500,000 into online gaming company wwg worldwidegames GmbH.
AUSTRIA - Consortium backs mobil data with EUR 2.3m
Wiener Wachstumsfonds and tecnet equity have invested more than EUR 2m into mobile working company mobil data IT & Kommunikationslösungen GmbH, with part of the funding being used to acquire sector rival Tempore Zeiterfassungssysteme.
UK - YFM further invests in CMS SupaTrak
YFM Group, via the South West Ventures Fund, has further invested in vehicle tracking and mobile working solutions company CMS SupaTrak in a third round of funding.
UK - Deutsche Bank appoints UK chief executive
Deutsche Bank has appointed Colin Grassie as chief executive of the bank's UK operations.
FRANCE - A Plus invests EUR 1.5m into Systancia
A Plus Finance has invested EUR 1.5m into software company Systancia in a first round of funding.
UK - HSBC appoints CEO for Scotland
HSBC Holdings has appointed John Rendall as its new chief executive for Scotland.
IRELAND - AIB and BOL reduce TVC stakes
AIM-listed private equity fund TVC Holdings has reportedly seen two of its institutional investors, Allied Irish Banks and Bank of Ireland, reduce their shareholdings in the vehicle after the recent release of the company's financial results.
GERMANY - GI Partners puts Acentic up for sale
According to reports, GI Partners has mandated Cavendish Corporate Finance to find a buyer for on-demand content provider Acentic GmbH, with the price tag thought to be up to £100m.
EUROPE - Marwyn to launch recovery fund on SFM
Investment and advisory group Marwyn intends to launch a UK-based recovery fund on the Specialist Fund Market (SFM) of the London Stock Exchange, The Marwyn Alternative Capital Fund, which will be aimed at businesses suffering depressed valuations as...
FRANCE - Avenir et al. invest EUR 1.2m into Canevaflor
Avenir Entreprises, Apicil Proximité and Calixte Investissement have joined returning investors Crédit Agricole Création, Rhône Alpes Création and Rhône Dauphiné Développement in a EUR 1.2m investment into Canevaflor, a producer of building materials....
UK - Bramdean Alternatives replaces board
London-based fund-of-funds Bramdean Alternatives is reportedly replacing its board after Iranian born-entrepeneur Vincent Tchenguiz, the firm's largest investor, won a vote to do so in an effort to wind down the fund.
FRANCE - BNP PE invests EUR 700,000 into Acropolis Telecom
BNP Private Equity, through its Antin Proximité 1 fund, has invested EUR 700,000 into Acropolis Telecom, a telecoms operator.
GLOBAL - KKR may not float
Reports suggest that private equity firm Kohlberg Kravis Roberts & Co (KKR) is rethinking its plans to float on the NYSE.
GERMANY - Augusta hires Paul Kim for leverage finance team
Merchant bank Augusta & Co has appointed Paul Kim as assistant director.
UK - Apax-backed Emap loses senior executive
Publishing group Emap, backed by buyout house Apax Partners, has lost one of its senior managers: co-chief executive of Emap Data and Insight, Neil Bradford.
BENELUX - PE interested in Intertrust
According to reports, several major buyout houses have expressed interest in making an offer for Intertrust, Fortis' former tax-advisory arm.