News
UK - MVM buys stake in Alliance Pharma Plc
MVM Life Science Partners has acquired just over 9% of AIM-listed pharmaceutical company Alliance Pharma Plc.
NETHERLANDS - Waterland invests EUR 36m into BioMCN
Private equity firm Waterland has co-invested EUR 36m into alternative fuel manufacturer BioMCN as part of a co-investment in the business with sustainable energy company Econcern.
UK - SVG shareholders surprised by Williams departure
According to reports the news that SVG Advisers CEO Andrew Williams is to step down, which was announced publicly yesterday when the firm released its 2008 results, has angered SVG Capital shareholders, who had not been warned of his departure.
UK - LDC and Advent merge portfolio companies in £72m deal
LDC and Advent Venture Partners have merged their respective portfolio companies Snell & Wilcox and Pro-Bel, both broadcasting technology providers, in a deal valued at around ТЃ72m.
UK - SVG moves office
SVG Capital has moved offices as of 06 March 2009.
ITALY – DGPA launches EUR 100m distressed fund
DGPA SGR has launched a EUR 100m fund aimed at investing in distressed non-listed SMEs in Italy.
SWEDEN - Nordic Capital-backed Plastal files for bankruptcy
Nordic Capital-owned Plastal Holding AB, a supplier of parts to the European automotive industry, has declared insolvency and filed for bankruptcy.
FRANCE - 21 Centrale Partners to purchase Arjowiggins' security unit
21 Centrale Partners is in exclusive negotiations to purchase Arjowiggins' security unit for an enterprise value of EUR 350m. A pool of ten banks are reportedly working on organising debt to fund the acquisition.
GERMANY - Odewald KMU acquires Ebert Hera Holding
Odewald KMU has acquired the majority of Ebert Hera Holding for an undisclosed sum.
SWITZERLAND – EdRIF leads CHF 25m funding round for GlycoVaxyn
Edmond de Rothschild Investment Partners (EdRIF) has led a CHF 25m series-B funding round for vaccines company GlycoVaxyn SA, alongside existing investors Index Ventures and Sofinnova Partners.
FRANCE - LBO France closes one fund and launches two
LBO France has held a final close of its White Knight VIII fund on an undisclosed amount and launched two new vehicles, Hexagone III and Altercap 1, which have targets of EUR 180m and EUR 150m respectively.
SWITZERLAND - Adveq promotes Creed
Fund-of-funds manager Adveq has promoted Tim Creed to executive director.
UK - SVG announces two-thirds fall in value
SVG Capital has announced its end-year 2008 results, revealing a drop in NAV of more than 64%. The listed fund has also announced that Andrew Williams, CEO of SVG Advisers, is to step down.
SPAIN - Elaia leads EUR 5.5m Agnitio funding
Elaia Partners has led a EUR 5.5m series-B funding round for technology business Agnitio, alongside Nauta Capital, which lead the previous EUR 2.7m funding round in December 2007.
GERMANY – HTGF invests in sim4tec GmbH
High-Tech Gründerfonds has invested an undisclosed sum into sim4tec GmbH.
UK - PIF supports MG Electrical
Partnership Investment Finance (PIF), managed by YFM Venture Finance, has supported MG Electrical, a manufacturer of energy-saving lighting products, with a ТЃ60,000 loan.
UK - MMC invests 500,000 into Ibis Project Services
MMC Ventures has invested a further ТЃ500,000 in consultancy business Ibis Project Services Ltd.
UK - Warburg invests £64m into Premier Foods
Warburg Pincus has committed to a firm placing of ТЃ64m into Premier Foods, the listed owner of brands such as Hovis bread, Cadbury and Branston.
UK - Foresight invests £5m into Vertal
Foresight Group has backed waste management business Vertal with an investment of ТЃ5m.
GERMANY - High-Tech Gründerfonds backs EBS
High-Tech Gründerfonds has, alongside investment bank Investitionsbank des Landes Brandenburg, provided seed financing for medical technologies company EBS Technologies GmbH.
UK - IQ and DN invest £1.8m into Dezineforce
IQ Capital and DN Capital, alongside several private individuals, have provided the second tranche of a ТЃ1.8m series-A funding round for web-based engineering design services business Dezineforce.
UK - Risk Capital closes first fund on £75m
Risk Capital Partners has held a final close of its inaugural institutional fund on ТЃ75m.
UK - Octopus completes £2.65m CSL refinancing
Octopus Investments has refinanced alarm systems supplier CSL Dualcom Ltd, providing a ТЃ2.65m interest-only term loan.
NORWAY - Herkules-backed NIG goes into administration
Herkules-owned home retailer Nordic Interior Group (NIG) has gone into administration. NIG consisted of three separate business units: TilBords, which was taken over by Herkules Private Equity Fund II last week prior to NIG's liquidation; Festival Engros,...