News
BELGIUM - Gimv invests EUR 75m into Vandemoortele Group
Gimv, through its XL fund, is to invest EUR 75m into food business Vandemoortele Group.
UK - LCA invests £300,000 into ResponsiveLoad
Low Carbon Accelerator has invested ТЃ300,000 into electrical technology company ResponsiveLoad Ltd, trading as RLtec.
GERMANY - Candover and Cinven to divest Springer
According to reports, Candover and Cinven have appointed UBS and Goldman Sachs to approach potential buyers for publisher Springer Science and Business Media, in a deal that could fetch up to £2bn.
DENMARK - Polaris creates Alliance+
Polars Private Equity has completed the acquisition of two cleaning companies, Kølving & Thaning and Alliance Clean & Care, which will be merged under the name Alliance +.
ITALY - Orlando and Atlantis interested in Diadora
Market speculation suggests that Orlando Italy and Atlantis Capital are interested in acquiring sport apparel business Diadora.
ITALY - De Longhi interested in PAI's Saeco
According to reports, Italian household appliance brand De' Longhi is one of several corporate groups to have expressed interest in acquiring PAI-backed coffee machine manufacturer Saeco.
UK - Principle Capital to be liquidated
According to reports, shareholders in Principle Capital Investment Trust (PCIT) have voted to liquidate the listed vehicle and remove founding CEO Brian Myerson, along with directors Alan Clifton, Brian Padgett and James Roe.
EUROPE - 3i Infrastructure stays solid
Following the stark pre-close period statement released by 3i Group plc yesterday the firm's infrastructure arm published a contrastingly bright statement today, revealing steady investment activity and strong performance.
RUSSIA - JP Morgan to manage Marshall fund
It is understood that JP Morgan has been awarded the mandate to manage Russian private equity firm Marshall Capital Partners' fund.
ITALY - Carlyle interested in Italpretroli storage assets
According to reports, Carlyle is among the three parties interested in acquiring the oil storage assets of Italpetroli, which to be valued at between EUR 90-100m.
ITALY - DGPA-backed Mida acquires MCG Grafica in EUR 2.8m deal
DGPA-backed Mida, a producer of adhesive labels used in the pharmaceutical and related sectors, has acquired MCG Grafica, a manufacturer of labelling sleeves, in a deal valued at just under EUR 3m.
AUSTRIA - Private equity circles Constantia
According to press reports, several private equity funds including EQT and Nordic Capital are entering the second round of bidding for heiress Christine de Castelbajac's stake in listed holding Constantia Packaging.
EUROPE - 3i licking wounds – to aide healing?
3i Group today released its pre-close period trading update, warning the markets of stark writedowns ahead and revealing the scale of its de-leveraging operation.
UK - Rutland relocates
Rutland Parters is to move offices and can be found at a new address from 30 March 2009.
GERMANY - Target Partners appoints partner
Target Partners has appointed Olaf Jacobi as a new partner.
UK - Palamon hires new VP
Mid-market private equity house Palamon Capital Partners has hired Pascal Jean-NoУЋl Noth as vice president in its London office.
ITALY - Quantica's second fund closes on EUR 65m
Italian venture firm Quantica has closed its second fund, Principia II, on EUR 65m, surpassing its target of EUR 20-40m.
FRANCE/NETHERLANDS - Crédit Argicole PE sets up three partnerships
Crédit Argicole Private Equity has set up partnerships with Soridec, BioGeneration Ventures and Objectif Gazelles to support developing companies.
UK/FRANCE - Carlyle makes promotions
The Carlyle Group has promoted 24 of its staff worldwide, among them four in London and one in Paris.
SWITZERLAND - Nordic Capital may fetch EUR 10bn for Nycomed
Nordic Capital portfolio company Nycomed, a Swiss drugmaker, has been put on the block and may fetch up to EUR 10bn.
UK - Shore Capital hires CEO
Shore Capital Group has hired Alex Abadie as CEO of Shore Capital Ltd, its asset management business.
UK/IRELAND - CSAM appoints UK and Ireland head
Cerdit Suisse Asset management has appointed Colin Taylor as head of its UK and Ireland activities based in London.
FRANCE - Natixis shows providence with Provident
According to reports, Natixis Private Equity has decided to wind down its subsidiary Provident, which focuses on restructuring opportunities.
FRANCE - Former Apax portfolio company rescued by Beaumanoir
Clothing company Beaumanoir has received legal approval for its bid to acquire womens prêt-a-porter fashion brand Morgan, which was formerly backed by Apax Partners but went into administration over the Christmas period.