News
SPAIN - Apax-backed Electro Stocks in debt-for-equity swap
ING has agreed to a debt-for-equity swap with Apax-backed electric equipment supplier Electro Stocks.
NORDIC - Hannes Snellman recruits banking and finance partner
Nordic law firm Hannes Snellman has recruited Paula Röttorp as specialist partner within banking and finance. Fredrik Madani (nee Olsson), Magnus Eriksson and Roger Johnson have been promoted to partners.
GERMANY - Permira exits remaining freenet stake in EUR 115m placement
According to press reports, Permira has divested its remaining 10% stake in telecommunications group freenet in a private placement on the Frankfurt Stock Exchange, raising approximately EUR 115m.
CEE - First turnaround fund for CEE secures EUR 36m
The European Bank for Reconstruction & Development (EBRD), Central and Eastern Europe (CEE)'s largest limited partner, has teamed up with the IFC and asset manager CRG Capital to launch the region's first restructuring fund with initial commitments of...
GERMANY/US - Jordan’s PRG acquires Procon
The Jordan Company's portfolio company Production Resource Group has acquired Frankfurt-listed live events business Procon Multimedia.
UK - The Aspire Fund invests inTalentPuzzle
Capital for Enterprise's The Aspire Fund has invested an undisclosed amount into TalentPuzzle, an online recruitment platform, alongside Venrex Investment Managemnet and two angel investors.
FRANCE - Highland CP and Endeavour provide Spartoo with EUR 12m
Highland Capital Partners and Endeavour Vision have led a EUR 12m Series-B round of financing of Online shoe distributor Spartoo.
FRANCE - Duke Street exits Proclif
Duke Street Capital has sold its remaining 57% interest in Proclif, a private hospital company, to Predica, an insurance division of Crédit Agricole, which has in turn sold the stake on to Australian business Ramsay Healthcare for a reported EUR 87m.
SPAIN - Iame shuts down fundraising
Iame Capital has has announced that it is no longer seeking to to raise Brand Capital Made in Spain (BCS), a EUR 500m fund launched in the first half of 2008.
GLOBAL - Big Apple pensions ripe for private equity
New York City, which boasts a pension pot of $96.4bn, is reportedly naming a private equity veteran to look after its investment, triggering conjecture that the city may put more money to work in the asset class which spent most of last year plagued by...
GERMANY - SHS invests in TNI medical
SHS Gesellschaft für Beteiligungsmanagement has, together with KfW bank and management, acquired a majority stake in medical technology firm, TNI medical AG.
EUROPE - Riverside makes European promotions
The Riverside Company has promoted Juan Barnechea to head of its European deal origination team. He will be replacing Karsten Langer who will become a transaction partner for Benelux and France.
SWITZERLAND - BioMedPartners reaches final close on CHF 106m
Healthcare venture firm BioMedPartners has reached the final close for BioMedInvest on CHF 106m.
GERMANY - JCMB and IBB back online learning portal sofatutor
JCMB Beteiligungs and IBB Beteiligungsgesellschaft have invested an undisclosed sum in online learning portal sofatutor.
GERMANY - Wellington Partners sells eCircle for EUR 60m to TA Associates
TA Associates has acquired a majority stake in e-mail marketing service eCircle from Wellington Partners, in a deal worth in excess of EUR 60m.
FINLAND - CapMan takes 12% stake in listed Affecto
CapMan, through the CapMan Public Market Fund, has increased its stake in OMX Helsinki-listed IT services company Affecto plc.
US/EUROPE - US Fidelty Ventures team forms Volition Capital
The US operations of Fidelity Ventures has spun out into Volition Capital, an independent growth equity firm that invests in founder-owned technology companies.
SWEDEN - Industrifonden exits Envirotainer to AAC
Swedish investor Industrifonden has exited Envirotainer, a supplier of temperature controlled logistics to the pharmaceutical industry, in a secondary buyout to AAC Capital Partners.
Riverside makes European promotions
The Riverside Company has promoted Juan Barnechea to head of its European deal origination team.
UK - Candover-backed Gala Coral asks lenders for waivers
Permira-, Cinven- and Candover-backed Gala Coral, the British gaming group, has reportedly asked for three waivers from senior debt holders, including the right to skip an upcoming covenant test.
LUXEMBOURG - Argentius to open offices in Luxembourg
Augentius Fund Administration Group has received regulatory approval for the opening of its office in Luxembourg.
FRANCE - BC Partners-backed Médica prepares IPO
It is understood that BC Partners is readying to list its Paris-based care homes group Médica, with bookbuilding set to commence on 25 January with BNP Paribas, Credit Suisse and Royal Bank of Scotland as bookrunners.
NETHERLANDS - Thuja et al. in series-A round for FABPulous
Thuja Capital, Health Innovation Fund, Limburg Ventures and NV Industriebank LIOF have co-led an indisclosed investment into biotechnology firm FABPulous, in a first round of institutional funding.
FRANCE - Natixis and Emerging back USD 22.6m EyeGate investment
Natixis Private Equity and Emerging Capital, alongside return backers Ventech, Innoven Partners and Medicis Capital, have invested close to USD 23m in a series-D financing round for pharmaceutical company EyeGate Pharma.