News
SPAIN – CAI-backed Imaginarium to list on MAB
Children's toy retailer Imaginarium, backed by the Caja de Ahorros Inmaculada private equity arm, CAI Desarrollo Empresarial, is due to list on the alternative market in Madrid, the Mercado Alternativo Bursátil (MAB).
GERMANY – BC Partners' Brenntag shapes up for IPO
News reports indicate that BC Partners' portfolio company Brenntag GmbH is in the process of restructuring its EUR 2.5bn debt to prepare the company for its planned IPO.
UK - Smedvig Capital makes 6.2x money on Protego sale
Smedvig Capital has sold Protego Real Estate Investors to US-based Cornerstone Real Estate Advisers LLC, reaping a total return of 6.2x and an IRR of 58%. No other financial details have been disclosed.
EUROPE - TowerBrook, LPs address credit gap with lending unit
LPs started the year defaulting on capital calls and sending letters to GPs asking (or demanding) they refrain from drawing money. What a difference a year makes - now most are honouring their commitments (though the calls are admittedly few and far between)...
UK - Kelso Place reaps 4x money through partial exit of i2S Group
Kelso Place Asset Management-backed i2S Group Limited, a provider of integrated building control and data communication systems, has sold its controls division, DMS Controls Limited, to US-based Carrier Corporation, a unit of United Technologies Corporation,...
PORTUGAL - Espírito Santo Capital acquires 30% of Amal Group
Espírito Santo Capital has acquired a 30% stake in tube and silo maker Amal Group.
SWEDEN - Chalmers back NemaLabs with further SEK 5m
Chalmers Innovation Seed Fund is backing software business Nema Labs with SEK 5m in a funding round raising a total of SEK 10m for the company's internationalisation. Other investors included Volvo Technology Transfer and Innovationsbron.
POLAND – Royalton adds Cool AR to Activ Parking
Central and Eastern European investor Royalton Investors has acquired a 93% stake in Polish paid parking zone business COOL AR. The deal was done thorough ACTIV Parking Holdings, a Czech parking operator Royalton acquired in January 2009. Together the...
UK - Atlas et al invest $20m into picoChip
Atlas Venture, Highland Capital Partners, Pond Venture Partners and Scottish Equity Partners have invested $20m into wireless infrastructure company picoChip, alongside Rothschild, AT&T, Intel and Samsung, in a Series E funding round.
BELGIUM - KBC to divest PE unit
According to reports, Belgian banking and insurance group KBC is to divest its private equity unit as part of the group's overall restructuring plan.
ITALY – HAL-backed Safilo recap uncertain
Dutch investor HAL Holding today announced that it will extend the offer to eyewear manufacturer Safilo's bondholders to 27 November, as currently only 43.01% of bonds were tendered, versus the 60% acceptance rate HAL reportedly requires to complete its...
BULGARIA – Advent sips EUR 40m Devin
Advent International's Central & Eastern European team has completed the acquisition of a 79% stake in Bulgarian bottled water business Devin AD. The company is listed on the Bulgarian Stock Exchange and the shares were acquired from Austria's Soravia...
NETHERLANDS - LSP in EUR 2m round for Kreatech Diagnostics
Life Science Partners (LSP) and Alafi Capital-backed biotech firm Kreatech Diagnostics has just closed a new EUR 2m round of financing which saw the participation of a new investors.
FRANCE – EdRIP hits EUR 250m target of new fund
Edmond de Rothschild Investment Partners (EdRIP) has reached the final close of its fund Winch Capital 2 on EUR 250m following a first closing on EUR 175m in July this year.
FRANCE - Astorg takes 32% stake in EUR 500m Gras Savoyarde
Astorg is set to take a 32% stake in insurance broker Gras Savoye, in a deal valuing the company at approximately EUR 500m, including EUR 200m of debt. The LBO deal sees US group Willis reduce its stake to 31.8%.
GERMANY – Target Partners appoints new partner
Munich-based venture capital firm Target Partners has hired Michael Brehm as venture partner.
ROMANIA – 3TS Cisco backs InternetCorp
3TS Capital Partners has acquired a minority stake in Romanian online media company InternetCorp. The transaction was funded through the 3TS Cisco Growth fund, which focuses on small- and medium-sized technology, media and communications companies in...
ROMANIA – Enterprise Investors in EUR 66m MBI of Profi Rom
Enterprise Investors has led the EUR 66m buy-in of Romanian supermarket chain Profi Rom Food Group. The deal sees the house wholly acquire the business from former owner Duna Waiting Participation, and install Gunter Grieb as new CEO.
UK - Octopus launches £25m Titan VCT 4 fund
Octopus Investments has announced the launch of Octopus Titan VCT 4, a new vehicle designed to invest in early stage UK companies with a target of £25m.
FRANCE - Avenir backs spin-out of CNCP Bordet with EUR 2m
Avenir Entreprises has invested EUR 2m for a minority stake in CNCP Bordet to support the B2B tubes and plastics business' spin-out from Frans Bonhomme.
FRANCE - Avenir backs spin-out of CNCP Bordet with EUR 2m
Avenir Entreprises has invested EUR 2m for a minority stake in CNCP Bordet to support the B2B tubes and plastics business' spin-out from Frans Bonhomme.
NETHERLANDS - Gilde buy Uniq’s Dutch wing
Gilde Equity Management Benelux is set to acquire Uniq Plc's Dutch business units, valued at a total of EUR 20m, as the UK-listed food producer Uniq is looking to raise cash to manage its debt.
UK - Aquarius Origin invests in Conformetrix
Newly-launched Aquaris Origin Fund has acquired a minority stake in drug development company Conformetrix in a deal of undisclosed value.
UK - Oxford Capital exits Orthomimetics
Oxford Capital has exited its investment in medical technology company Orthomimetics via a trade sale to TiGenix, for a consideration of EUR 3.7 million new TiGenix shares.