News
UK - MMC Ventures invests £1.1m into E-Stack
MMC Ventures has invested £1.1m into cleantech company E-stack.
ITALY - Foresight signs project financing for 6MW Puglia solar project
Foresight Group has signed a €25m project financing with West LB and Barclays as mandated lead arranger for the financing of a 6MW solar PV project to be constructed in the Puglia region of Italy.
UK - Electra-backed Vasanta to secure new PE backing
Electra Partners-backed Vasanta Group, one of Britain's largest provider of office supplies, has reportedly said it is close to securing new private equity backing, which could save the company from administration.
UK - Barclays to offload private equity business
Barclays is reportedly close to a spin-off of its private equity business, just weeks after agreeing the sale of Barclays Global Investors (BGI), its fund management arm.
GERMANY - Silverfleet in talks to acquire Kalle Nalo
It is understood that mid-market investor Silverfleet Capital is in exclusive negotiations with Montagu Private Equity to acquire charcuterie casing business Kalle Nalo, with the price tag thought to be around EUR 250m.
POLAND - Oresa backs MBI of Ploh
Swedish investment firm Oresa Ventures has acquired Polish vending business Ploh in a deal that sees a new management team take over from founder Zbigniew Loh.
GERMANY - Apollo to invest in Infineon
Reports suggest that US-based Apollo Management is close to completing an investment of close to EUR 725m in lised chipmaker Infineon, in return for a 29% stake in the company.
SWITZERLAND - Zurmont Madison embarks on buy-and-build for CLS
Zurmont Madison Private Equity has backed a partial buyout and capital expansion of Swiss language specialist CLS Communications.
UK - Langholm Capital appoints operating partner
Mid-market investor Langholm Capital has hired Steven Esom as operating partner.
UK - Dealflow to increase in H2
In a sure sign of mounting optimism, three quarters of respondents to a recent unquote" survey expect activity levels in the lower mid-market (enterprise value less than EUR 150m) to increase in the next six months.
UK - 3i sells stake in Venture Production
3i has reportedly sold its 5% stake in North Sea oil and gas company Venture Production to Centrica, the UK's biggest energy supplier, for 845p per share.
UK- Mourant appoints managing director in Guernsey
Mourant International Finance Administration has appointed Matthew Wood as managing director of its Guernsey office.
UK- Terra Firma to inject a further £300m into EMI
Buyout house Terra Firma is reportedly in talks to restructure debt-laden music group EMI, in a proposal that could see the company write down its £2.5bn debt pile.