News
UK - SVB Financial appoints head of operations in UK/Israel
Venture capital financing specialist SVB Financial Group has hired Phil Cox to run its operations across the UK and Israel.
AUSTRIA - Buy Out Central Europe acquires majority of listed UIAG
Buy Out Central Europe has acquired 62.5% of listed investor Unternehmens Invest AG from Cross Industries for an undisclosed sum.
NETHERLANDS - Gilde Healthcare supports EUR 16.6m Agendia funding
Gilde Healthcare Partners has participated in a series-E funding round worth a little under EUR 17m for biotechnology firm Agendia.
AUSTRIA - Capexit sells phion stake to Barracuda for EUR 1m
Capexit has sold the remainder of its interest in listed IT service provider phion to Barracuda Networks, in deal worth just over EUR 1m.
UK - Curzon Park Capital leads £1.3m Lysanda funding
Curzon Park Capital, via its Sustainable Technology Fund, has led a second round of funding worth more than £1m for automotive systems specialist Lysanda, alongside LogiSpring and private investors.
FRANCE - Odysee and AVM acquire AutoReflex in EUR 15m deal
It is understood that Odysée Venture and AVM Associati have acquired an 85% stake in online publishing firm AutoReflex, in a deal that values the company at EUR 15m.
BELGIUM - Montagu to acquire ABD Airfield from Siemens
Montagu Private Equity is finalising the purchase of ADB Airfield Solutions (ADB), the airfield lighting business of Siemens, for an undisclosed sum.
GREECE - Argo-backed On Telecoms acquires Vivodi
On Telecoms, a telecommunications business backed by UK-based investor Argo Capital Management, has acquired broadband services provider Vivodi Telecom.
FRANCE - Olivier Dousset leaves LBO France
LBO France partner Olivier Dousset has stepped down after just nine months with the firm.
FRANCE - LBO France set to acquire Geoxia
LBO France is set to purchase Geoxia, a construction company, in a secondary buyout from Natixis subsidiaries NI Partners and Initiative & Finance.
UK - LDC backs £11m carve-out of Homeserve Emergency Services
LDC has backed the management buyout of the emergency services division of listed home assistance membership business Homeserve plc, in a deal worth £11m.
UK/EUROPE - Impax appoints head of sales
Environmentally focused Aim-listed investor Impax Asset Management has appointed John McDonald as head of sales and marketing.
NETHERLANDS - Point One leads $3m Recore funding
Point One Innovation Fund has led a $3m round of financing for semiconductor business Recore System, along side government-backed investor PPM Oost.
GERMANY - Cinven and Candover could sell majority Springer stake
According to reports, buyout houses Cinven and Candover have signalled a willingness to part with a majority stake in academic publisher Springer Science and Business Media.
GERMANY - Permira sells EUR 177m Freenet stake
Permira has reduced its stake in listed telecommunications business Freenet through a placement of just over 19 million shares, equating to 15% of the company's share capital, in a deal worth approximately EUR 177m.
GLOBAL - Carlyle appoints vice chairman of global buyouts
International private equity firm Carlyle Group has appointed Gregory Summe to the newly created position of vice chairman of global buyouts.
UK - NVM reaps 8x return on DxS sale
NVM Private Equity has exited its investment in DxS, a personalised medicines specialist, via a trade sale to sample and assay technologies giant Qiagen, reaping a return of 8x money on an intitial cash payment of $75m.
GERMANY - HBM et al. invest in Sloning
HBM BioVentures, LBBW Venture, DEWB and KfW have followed up their investment in biotechnology company Sloning BioTechnology.
GERMANY - BC Partners to float Brenntag
According to sources, BC Partners is preparing to float distributor Brenntag GmbH in early 2010, which could raise as much as EUR 1.5bn.
EUROPE - Oak Hill appoints new European head
Oak Hill Advisors has appointed Alexandra Jung as co-head of the firm's European business based in London.
FRANCE - Blackstone and Lion agree EUR 2.6bn Orangina sale
Blackstone and Lion Capital have agreed the sale of Orangina Schweppes Group to Suntory Holdings, in a deal valued at around EUR 2.6bn.
SWITZERLAND - Vinci appoints partner
Swiss private equity firm Vinci Capital has appointed Xavier Paternot as partner.
GERMANY - PEF donates to two German charities
The Private Equity Foundation has donated to two Germany-based charities, taking the funds' total investment in the country to EUR 400,000.
SWITZERLAND - Emerald promotes Charles Vaslet
Emerald Technology Ventures has promoted Charles Vaslet to partner.