News
NETHERLANDS - Robeco holds EUR 50m first closing
According to reports, Robeco's EUR 250m Responsible Private Equity Fund II has reached a first closing on EUR 50m.
ITALY - Clessidra acquires 30% stake in Cavalli
Report suggest that private equity firm Clessidra has acquried a 30% stake in fashion house Cavalli in a deal valued at EUR 100m.
FRANCE - Buyout portfolio companies remain healthy
According to a new report, 80% of current portfolio companies acquired in buyouts in France are currently able to manage their debt commitments and covenants.
FRANCE - TIME strengthens team
TIME Private Equity has recruited Jean Stéphane Bonneton as an associate and member of the Board.
EUROPE - Richard Wilson to succeed Jonathan Russell as EVCA chairman
The European Private Equity and Venture Capital Association (EVCA) has announced Richard Wilson, senior partner at Apax Partners, as the proposed successor of chairman Jonathan Russell.
DENMARK- Altor acquires Pulse Medtech from listed Technitrol
Altor Equity Partners has acquired the Pulse Medtech Group, a designer of hearing solutions, from listed Technitrol Inc, a manufacturer of hearing aids and medical devices.
EUROPE – LODH closes Euro Choice IV on CHF 776m
Lombard Odier Darier Hentsch has closed Euro Choice IV on CHF 776m.
GERMANY - Linklaters appoints global head of employment
Linklaters has appointed Dr Michael Teppas as global head of its Frankfurt-based employment practice, which oversees the activities of around 70 lawyers worldwide.
SPAIN - Catalana d'Iniciatives acquires e-Diagnostics in EUR 3.8m deal
Catalana d'Initiatives has acquired an 80% stake in medical diagnostics firm e-Diagnostic, in a deal valued at EUR 3.8m.
ITALY - Innogest leads $8m beeTV funding
Italian venture investor Innogest has led an $8m series-B financing round for TV content producer beeTV.
FRANCE - OFI-backed Fondis purchases Bioritech
OFI Private Equity-backed Fondis Electronic, a testing equipment company, has acquired analysers producer Bioritech from its founding managers.
FRANCE - 123Venture injects EUR 2.5m into Ekyog
123Venture has backed Attitude Developpement, a company that owns and commercialises Ekyog, an organic clothing brand, with EUR 2.5m.
UK - CVC- and TPG-backed Debenhams plans £400m capital raising
CVC Capital Partners and TPG-backed UK retailer Debenhams is reportedly planning a £400m capital raising through a placing of shares to slash its £1bn debt pile.
UK - CVC makes $3.3bn bid for Royal Mail stake
Buyout house CVC Capital Partners has reportedly offered $3.3bn for a 30% stake in state-owned postal service Royal Mail.
FINLAND/SWEDEN - Nexit backs Aava Mobile with EUR 3m
Nexit Ventures has invested EUR 3m into Aava Mobile, a developer of smartphone platform designs.
ITALY - TTVenture makes EUR 3m Directa investment
Venture investor TTVenture has invested EUR 3m into nanotechnology firm Directa Plus.
GERMANY - HTGF backs maxment GmbH
High-Tech Gründerfonds (HTGF) has invested an undisclosed sum into software company maxment GmbH, with business angel Dr Rolf-Christian Wentz also participating.
UK - Advent Ventures backs MBO of The Foundry
Advent Venture Partners has backed the management buyout of visual effects software developer The Foundry from Wyndcrest Holdings for an undisclosed sum.
EUROPE - KKR writes down value of European fund by half
US buyout house KKR has reportedly written down the value of its second European fund, which includes in its portfolio Alliance Boots, by almost half.
UK - Candover expects to meet debt covenants
Beleagured private equity group Candover has reportedly stated that it will be able to meet its debt covenants this year despite the ongoing problems at the firm.
UK - ICG reports £67m loss
London-based mezzanine specialist Intermediate Capital Group has reported an annual loss of £67m, its first negative annual return in 20 years.
UK - Sun Capital and TDR's Pearl Group secures £500m equity injection
UK-based life assurer Pearl Group, jointly owned by private equity firms Sun Capital and TDR, has secured a £500m capital injection from Cayman Islands-based investment holding Liberty Acquistion Holdings.
SPAIN - Xesgalicia invests EUR 1.5m in Cross Road Biotech
Reports suggest that Xesgalicia has acquired a 6% stake in biotech fund Cross Road Biotech.
UK - Finance Wales et al. invest £1m in Mesuro
Government-backed Finance Wales, university investment group Fusion IP and the ERA Foundation have invested £1m in mobile communications company Mesuro.