News
Essent Milieu auction scrapped
It is understood that Essent has decided against the sale of its waste management division, Essent Milieu, stating that the offers were too low.
SWEDEN - InnKap et al. acquire 90% stake in Projectplace
Investor AB's venture arm, Investor Growth Capital (IGC), has, alongside InnovationsKapital and ViaVenture, acquired a 90% stake in Projectplace, a provider of web-based online collaboration tools. The three investors acquire a 30% stake each, while the...
GERMANY - BPE’s Neumayer completes EUR 42m restructuring
Barclays Private Equity (BPE) portfolio company Neumayer Tekfor Group, a global automotive supplier, has undergone a financial restructuring that will see EUR 42m of new capital invested into the business.
GERMANY - Oaktree circles Bain's Bavaria
According to press reports, Oaktree is circling yacht builder Bavaria Yactbau, a portfolio company of Bain Capital.
NETHERLANDS - Updata invests $12.5m in RES Software
Updata Partners has backed RES Software, an Amsterdam-based provider of user workspace management software, with an investment of $12.5m.
EUROPE - NB Private Equity lists on SFM
Euronext-listed NB Private Equity Partners (formerly Lehman Brothers Private Equity) has announced the admission of its class A ordinary shares to the Specialist Fund Market (SFM) of the London Stock Exchange, effective this morning.
UK - Sun Capital and TDR's Pearl acquired by Liberty
Sun Capital and TDR-backed British insurer Pearl Group is to be acquired by Euronext-listed Liberty Acquisitions, a Cayman-Islands based investment business, in exchange for a £510m equity injection.
UK - Royal Mail's partial stake sale to CVC put on hold
The British government is reportedly putting on hold plans to sell part of state-owned Royal Mail, citing the depressed state of financial markets and the lack of parliamentary debate time.
BELGIUM - Candover to sell Ontex
Candover is reportedly looking to sell Ontex, a Belgium-based nappy producer valued at around EUR 950m.
UK - MCR appoints two partners
Corporate restructuring and insolvency specialist MCR has promoted Matt Bond and Sallyanne Pitt to partner.
SPAIN - First Reserve-backed 9REN completes EUR 100m financing
First Reserve Corporation-backed renewable energy producer 9REN has completed the financing of a 14.7MW photovoltaic project in Southern Spain, raising over EUR 100m.