News
UK - HitecVision completes Noble exit
Norwegian energy-focused private equity group HiTecVision has exited its invesment in marine and engineering consultancy service Noble Dentonthrough a trade sale to international technical assurance business Germanischer Lloyd for an undisclosed sum....
SWITZERLAND/US - Capital Dynamics acquires HRJ
Fund-of-funds specialist Capital Dynamics has agreed to acquire HRJ Capital, a US-based fund-of-funds manager.
UK - EQT-backed SSP in danger of breaching covenants
Reports suggest that rail station caterer Select Service Partner (SSP) is in talks with its lenders, as falling commuter numbers have led to concerns that the company will breach the covenants on its ТЃ1bn debt.
SWEDEN - Axcel acquires LGT from Litorina
Axcel has, alongside management, acquired logistics business LGT from Swedish private equity firm Litorina for an undisclosed sum.
FINLAND - Eqvitec reaches target for third mezzanine fund
Finnish private equity firm Eqvitec has held a final close of its third mezzanine fund on EUR 103m, slightly above its EUR 100m target.
UK - BRM and Cubits back $6.3m eToro investment
Isreali investor BRM Group and Cubit Investments are amongst several private equity groups that have supported online financial trading platform eToro with funding totalling more than $6m.
UK - MML Capital backs £31m Vanguard MBO
MML Capital Partners has backed the ТЃ31m management buyout of surgical and diagnostic facility provider Vanguard Healthcare Solutions, providing a mezzanine loan alongside a significant equity investment.
NORWAY - EU rules against one of four Ratos bolt-ons
Ratos-backed wines and spirits supplier Arcus has received approval from the EU to acquire only three out of the four brands it agreed to purchase from Pernod Ricard in December last year.
SPAIN/ITALY - Investindustrial appoints general counsel
Investindustrial has appointed Marco Pierettori as its internal legal counsel.
IRELAND - Montagu looks to sell Survitec Group
Reports suggest that Montagu Private Equity is seeking a buyer for Ireland-based survival technology manufacturer Survitec Group, with the price tag estimated at around ТЃ200m.
GERMANY - Leonardo-backed Rösler miniDaT insolvent
Leonardo Venture portfolio company Rösler miniDaT GmbH, a provider of security systems, has filed a petition with Syke District Court to begin bankruptcy proceedings amidst the imminent insolvency of the company.
GERMANY - Seventure leads EUR 7m investment into Retailo
Seventure has led a EUR 7m funding round for gift cards retailer Retailo AG, alongside existing investors Wellington Partners and Endeavour Vision.
UK - Carlyle Group ends Innovation talks
British software company Innovation Group plc has confirmed that takeover talks with private equity firm Carlyle Group have been terminated, according to reports.