News
UK - LGV looks to raise £200m from LGC sale
Mid-market investor LGV has put its portfolio company LGC up for sale, with £200m touted as a possible price tag for the forensics group acquired in 2003 from 3i for £80m.
GERMANY - HTGF and T-Venture back Yoochoose
High-Tech Gründerfonds (HTGF) and T-Venture have invested an undisclosed sum in recommendation software company Yoochoose.
NORWAY - Hitec invests NOK 160m into GC Rieber joint venture
Norwegian private equity house HitecVision has invested NOK 160m into a joint venture with GC Rieber Shipping to create a new subsea service company, based on GC's existing investments in geotechnical company Bluestone Offshore Pte Ltd, and subsea service...
POLAND - Krokus PE acquires 44% stake in Polmed
Krokus Private Equity, through its Poland-focused fund Nova Polonia Natexis II, has acquired 44% stake in healthcare business Polmed as part of a capital increase.
UK - Ariadne syndicates £2.1m Enrich funding
Venture advisory firm Ariadne Capital has syndicated just over £2m of funding for media distribution firm Enrich Social Productions.
SWEDEN - Healthcap, KTH and Almi support MIPS with SEK 15m
HealtCap, KTH Chalmers Capital and Almi Invest Stockholm have subscribed to a SEK 15m share issue for MIPS, a developer of head protection equipment.
SWEDEN - Almi et al. back Simatic with SEK 5m
Swedish regional venture investor Almi Invest has invested SEK 5m in Simatic AB, a supplier of logistics solutions, alongside Coach & Capital and a business angel.
UK - Montagu loses Linpac in restructuring
Montagu Private Equity is to lose control of Linpac, a packaging company it acquired in 2003 for £860m with Deutsche Bank as lenders, in a debt-for-equity swap.
FRANCE - MBO Partenaires purchases 30% of Caloga
MBO Partenaires has taken a 30% stake in internet portal Caloga, in a buyout transactiont that leaves the five company founders with a majority take in the company. A senior debt was arranged by Crédit Industriel et Commercial.
FRANCE - FSI leads EUR 17m Dailymotion investment
FSI (Fonds stratégique d'investissement) has led a EUR 17m round of funding for internet video business Dailymotion, alongside returning investors Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International.
UK - BDO’s Aldridge joins up with Moulton
BDO Stoy Hayward corporate finance partner Mark Aldridge will be leaving the firm at the end of the year to team up with Jon Moulton in turnaround start-up Better Capital, unquote" can exclusively reveal. He will be one of half a dozen that Moulton plans...
FRANCE - Siparex promotes two
Siparex Group has today announced two internal promotions: Nicolas Eschermann to the management board and Pierre Bordeaux Montrieux as managing director.
EUROPE - PE up 107% in Q3
In the midst of renewed optimism over recovery prospects in the wider economy, private equity investment activity has continued to reverse the slump that had set in at the end of last year, recording a whopping 107% increase to EUR 9.6bn (257 deals) in...
BELGIUM - Vendis reaches first closing on EUR 55m
Belgian private equity firm Vendis Capital has raised EUR 55m for first close of its maiden fund.
ITALY - Investindustrial boosts team
Southern European buyout firm Investindustrial has appointed Filippo Gaggini as senior partner.
ITALY - Investindustrial boosts team
Southern European buyout firm Investindustrial has appointed Filippo Gaggini as senior partner.
BELGIUM - Capricorn launches health tech fund; expands team
Capricorn Venture Partners has launched a new vehicle designed to target early- to mid-stage health technology investments, seeking to raise between EUR 100-120m.
SPAIN - AC Desarrollo acquires Endaki stake
Ahorro Corporación Desarrollo has invested an undisclosed sum in industrial manufacturer Endaki Tecnocast, in return for a minority stake in the business of 22.5%.
UK - Sovereign's Kinetics completes sixth acquistion
UK based buy-and build specialist Sovereign Capital has completed a sixth add-on for facilities management portfolio company Kinetics Group, acquiring gas installation and maintenance business Thorpete Associates.
UK - Apax et al. to exit Tideway Systems
Apax Partners, Accel Partners, Scottish Equity Partners and Nesta are to exit portfolio company Tideaway Systems Limited, an IT discovery solutions business, through a trade sale to BMC Software.
UK - Imperial Innovations et al. invest £1.2m in BioCeramic
Imperial Innovations and Longbow Capital have led a funding round valued at over £1m for bioactive materials company BioCeramic Therapeutics, alongside existing backers Comvest and the Esmee Fairbarn Foundation.
GLOBAL - Blackstone investors look to raise commitments
Reports suggest that investors in Blackstone's sixth fund, Blackstone Capital Partners VI, are looking to increase the size of their original commitments to the vehicle, which launched in January 2008.
FRANCE - Ares Capital opens Paris office
Ares Capital Europe has opened an office in Paris, which will be headed up by former HSBC executive Tyrone Cooney.
DENMARK - EQT Infrastructure acquires Kommunekemi for EUR 35m
EQT Infrastructure has acquired hazardous waste management company Kommunekemi from The Local Government Denmark (LGDK), The Municipality of Copenhagen, and the Municipality of Frederiksborg, for an enterprise value of DKK 260m.