News
EUROPE - KPE to transfer $211m in co-investments
KPE, the Amsterdam-listed arm of Kohlberg Kravis and Roberts (KKR), is to transfer five co-investments representing $211m in fair value to a KKR sponsored co-investment fund for an aggregate purchase price of $200.4m in cash.
USA/UK - Lion Capital provides $80m loan to American Apparel
In a sign of private equity firms adapting to the new environment, London-based Lion Capital has provided AMEX-listed clothing retailer American Apparel with an $80m loan.
GERMANY – HTGF and TGFS back pluriSelect with EUR 600,000 investment
High-Tech Gründerfonds (HTGF) and the Technologie Gründerfonds Sachsen (TGFS) have invested EUR 600,000 into biotechnology business pluriSelect GmbH.
UK - Possible offer for Candover
Candover Investments Plc has confirmed that it has received indicative expressions of interest to acquire the business.
GERMANY - Ventizz sells innovatis AG for EUR 15m
Ventizz Capital Partners has agreed to sell its stake in innovatis AG, a provider of automated cell analysis solutions, to Roche Diagnostics for EUR 15m.
FRANCE - Barclays PE acquires Compin
Barclays Private Equity has finalised the purchase of a majority stake in Compin Group, a railway fittings and front-ends company, from LBO France.
SPAIN - CRB backs Green Molecular spin-off
Spanish venture capital firm Cross Road Biotech (CRB) has made a seed investment of EUR 2m to support the spin-out of biotech firm Green Molecular from the Universitat de València.
BELGIUM - UFG Private Equity invests in BSB International
UFG Private Equity, via its fund FCPI Diadème Innovation III, has invested an undisclosed sum into BSB International (Business Solutions Builders), taking a minority share in the listed company.
FRANCE - CAPE supports Keldélice
Crédit Agricole Private Equity (CAPE) has invested EUR 1.5m into Keldélice, an online fine foods market, in a first round of funding.
UK - Buffini to step down from SVG
Reports suggest that Permira chairman Damon Buffini is to step down from his position on the board of SVG Capital as part of the listed fund's strategic review.
GERMANY/SWITZERLAND/UK - KKR looking to acquire Phoenix for Boots
Reports suggests that KKR-backed Alliance Boots has approached Phoenix Group, Germany's biggest drug wholesaler, to acquire the business.
UK - Nimbus Partners receives backing
Solon Ventures and Chevron Technology Ventures have invested an undisclosed sum in software company Nimbus Partners.
GLOBAL - Lehman Brothers Private Equity changes name
Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners Ltd.
UK - NVM reaps 2.2x money multiple on Pivotal exit
NVM Private Equity has sold laboratory supplier Pivotal Laboratories Ltd to ACM, a clinical laboratory in the US, for an undisclosed sum, reaping a 2.2x money multiple and an IRR of 27%.
UK - Macfarlanes appoints Berman as partner
Law firm Macfarlanes has hired David Berman as financial services regulatory partner.
BELGIUM - KBC Arkiv invests EUR 1.5m in LCL Belgium
KBC Arkiv, a subsidiary of KBC Private Equity and Arkimedes, has invested EUR 1.5m in LCL Belgium, a data centre operating in Diegem and Antwerp.
EUROPE – PE to be PR nightmare
"The trends that emerged over recent years have fundamentally interfered with the alignment of interests between GPs and LPs," commented Roberto Quarta of Clayton, Dubilier & Rice Europe, speaking at what can best be described as a reflective EVCA Investors...
NORWAY - Borea prepares for de-listing of Software Innovation
Norwegian buyout house Borea, through Borea Opportunity IV AS, has increased its stake in software developer Software Innovation ASA (SOI) to 90.4 % and initiates compulsory squeeze-out.
AUSTRIA - ValueNet-backed Rohe insolvent
According to reports, ValueNet Capital Partners' portfolio company gas station Rohe Group has filed for insolvency.
GERMANY - Triton's Kampa to file for insolvency
Triton-backed Kampa AG, a listed manufacturer of prefabricated houses, is expected to file for insolvency.
SPAIN - Eland to raise third fund
Eland Private Equity has launched Eland Energías Renovables III, a EUR 30m fund to invest in projects in the renewable energy sector.
ICELAND - Baugur files for bankruptcy
Iceland investor Baugur Group files for bankruptcy as the company's petition for extension of the moratorium, an Icelandic legal process for creditor protection, was refused by the District Court of Reykjavik.
GERMANY - Consortium provides seed funding for Avidal Vascular
A consortium led by High-Tech Gründerfonds (HTGF) has provided seed financing for medical devices company Avidal Vascular GmbH.
SWEDEN - Apax to close Stockholm office
According to press reports, Apax Partners is to close its Stockholm office.