News
FRANCE/GERMANY - Demeter holds second close on EUR 182m; backs IGIP
Demeter Partners has held a second close its EUR 200m fund Demeter 2 on EUR 182m. The fund was launched in November 2008, and takes over from its predecessor Demeter, which closed in October 2006 on EUR 105m and is now fully invested. Both funds backed...
GERMANY – Mangrove and Neuhaus sell Cellity to Nokia
Mangrove Capital Partners and Neuhaus Partners have agreed to sell software provider Cellity AG to Nokia.
UK - Lovells' Stephanie Keen relocates to Singapore
Law firm Lovells is relocating its London partner Stephanie Keen to Singapore, where she will launch a private equity practice for the firm in September.
UK - RSM Bentley Jennison appoints corporate finance partner in London
RSM Bentley Jennison has hired Stuart Marcy as corporate finance partner to lead the London and South East mergers and acquisitions team.
UK - Thomas Eggar appoints partner in asset finance litigation
Law firm Thomas Eggar LLP has hired Martin Roderick as partner and head of its asset finance litigation team.
UK - Morgan Stanley AIP invests £45m into Aldermore Bank
Morgan Stanley Alternative Investment Partners (Morgan Stanley AIP) has invested £45m into Aldermore Bank (formerly Ruffler Bank), alongside AnaCap Financial Partners.
UK - HSBC backs £170m SBO of Viking Moorings from Inflexion
HSBC Private Equity has acquired oil services company Viking Moorings in a secondary buyout from Inflexion Private Equity, for a price tag of £170m.
HUNGARY - Permira's BorsodChem to get cash injection
Permira-backed Borsodchem, a Hungarian chemical business, may receive a loan from the Hungarian Development Bank (MFB) amounting to €100m. The injection is contingent upon Permira agreeing a debt restructuring of the company with lenders and Budapest.
GERMANY – HTGF backs ReCoTech with EUR 500,000
High-Tech Gründerfonds has invested EUR 500,000 in software start-up ReCoTech GmbH.
GERMANY/US – KKR-backed BMG acquires Crosstown assets
KKR and Bertelsmann's BMG Rights Management, a company specialising in licensing and administrating music rights, has acquired the music publishing assets of Crosstown Songs America.
ROMANIA - Advent backs Romanian pharma bolt-on
Advent International's Central & Eastern European team has done its third deal of the year with the bolt-on of Ozone Laboratories to its Romanian pharmaceuticals business LaborMed. Advent has provided additional equity to fund the deal, which includes...
FRANCE - Predica joins Duke Street as Proclif backer
Duke Street Capital has sold a stake in French private healthcare group Proclif to Predica, a subsidiary of Crédit Agricole, for EUR 70m. Following the deal, Duke Street's stake decreases from 80% to a majority 50.1% share of the business, with Predica...
GERMANY - Arques sells Tiscon to KCK Association
Industrial holding Arques has sold its 60% stake in investment company Tiscon AG to a consortium of investors led by Russia-based KCK Association.
SWITZERLAND/US – Exigen Capital hires three
Exigen Capital has appointed Daniel S Aegerter, Kai-Uwe Ricke and Marcel Rohner to its advisory board.
GERMANY - RHJ's Honsel in debt-for-equity swap
RHJ International's Honsel AG reduces debt by EUR 370m in debt-for-equity swap.
GERMANY – HTGF invests EUR 500,000 in SP Solution Pool
High-Tech Gründerfonds has supported medical technology company, SP Solution Pool GmbH, with EUR 500,000 in seed capital funding.
GLOBAL - Calpers private equity assets plunge 23%
CalPERS' private equity assets have fallen 23% in the last year, the worst annual decline the nation's largest public pension fund has ever reported.
IRELAND - Imperative raises EUR 30m
Reports suggest that Irish renewable energy company Imperative Energy has received EUR 30m in funding from an undisclosed London-based venture firm.
SPAIN - Miura acquires 60% stake in Proytecsa
According to reports, Miura Private Equity has acquired a 60% stake in security systems specialist Proytecsa for an undisclosed amount.
AUSTRIA - Carlyle-backed UC4 acquires Senactive
Carlyle Group portfolio company UC4 Software has acquired Senactive IT-Dienstleistungs GmbH, a company active in complex event-driven business process modelling technology.
UK - HIG Capital hires managing director in London
Private equity firm HIG Capital, along with its debt affiliate Bayside Capital, has hired Appu Mundassery as a managing director in London, where he will lead the European distressed debt activities of Bayside.
UK - Curzon Park Capital appoints advisory partner
Cleantech venture investor Curzon Park Capital has hired Peter Gangsted as advisory partner.
UK - Endless backs £30m Vasanta restructuring
Turnaround specialist Endless has invested an undisclosed sum into office supplies business Vasanta as part of a restructuring, which will see £30m of new capital injected into the business alongside a significant reduction in its debt burden.
FRANCE - PTV invests in IPDIA
Prime Technology Ventures (PTV), through PTV III, has invested an undisclosed amount to support the buyout of semicondutor manufacturer NXP's facility in Côte de Nacre, which will be renamed IPIDIA. PTV led the co-investment, which also saw Emertec,...