News
FRANCE - Montefiore-backed Asmodée makes three acquisitions
Montefiore Investment's portfolio company Asmodée Group, a distributor and publisher of collectible cards and board games, has made three external growth acquisitions: Belgian game distributor Hodin; Spanish game developer Cromola; and German Proludo....
UK - Paul Hastings appoints seven partners to London office
Law firm Paul, Hastings, Janofsky & Walker has hired seven partners in its London office.
FRANCE - AXA PE purchases 16.7% stake in Lusis
AXA Private Equity has acquired parts of Fairchild's shareholding in software company Lusis. Following the transaction, AXA PE will hold a 16.7% stake in the company.
GERMANY - eCapital et al inject EUR 8.5m in Novaled
eCapital, TechnoStart, KfW and Tudag, Credit Agricole Private Equity, TechFund and CDC Innovation have injected EUR 8.5m into OLED company Novaled AG.
LUXEMBOURG - AFINUM acquires Wallenborn
German private equity house AFINUM Management GmbH has acquired transport logistics firm Wallenborn Group in a deal valued at EUR 25-50m.
NORWAY/SWITZERLAND - Consortium invests EUR 10m in ReVolt Technology
NorthZone Ventures, SINTEF, SOFINNOVA Partners, TVM Capital, Verdane Capital, Viking Venture and new corporate venture investor RWE Innogy have raised EUR 10m for a B-round investment in ReVolt Technology.
ITALY - PM&Partners closes second fund on EUR 340m
PM&Partners has closed its second fund on EUR 340m, EUR 40m above its initial target.
IRELAND - Firecomms receives further backing
Swisscom and Alps Electric have supported Firecomms Ltd, a compound semiconductor company, with $5m, alongside existing investors Atlantic Bridge, ACT Venture Finance and Enterprise Ireland.
ITALY - Clessidra to take minority stake in Cavalli
Market rumour suggests that Clessidra will take a 15-20% stake in fashion design house Roberto Cavalli.
FINLAND/SWEDEN - Roschier appoints new managing partner
Ulf-Henrik Kull succeeds Lennart Simonsen as new managing partner of Nordic law firm Roschier. Axel Calissendorff has been appointed co-senior partner.
GERMANY - HTGF partially exits InterMed Discovery
High-Tech Gründerfonds (HTGF) has sold a significant part of its interest in natural product lead-discovery company InterMed Discovery GmbH to Malaysian Life Science company Biotropics Malaysia Berhad, achieving a high single-digit multiple.
SWEDEN - Swedish law firms Lindahl and RydinCarlsten to merge
The two law firms join forces in February 2009, and the combined unit will employ 200 corporate lawyers.
FRANCE - MIDI Capital stage MBI of Savco
MIDI Capital has alongside new manager Bruno Duval and two private individuals supported an MBI of Savco, a provider of metallic structures for hydroelectric plants, by taking a minority stake in the company. The deal values the business at EUR 3-5m....
DACH - Sal Oppenheim Private Equity Partners strengthens sales team
Sal Oppenheim Private Equity Partners, a merger of CAM Private Equity, VCM Capital Management and the alternative investment division of the Sal Oppenheim Group, has expanded its sales force with the addition of Jan Graf von Bassewitz and Sabine Rummel....
SWEDEN - Doughthy Hanson appoints head of Nordic team
Doughty Hanson has appointed Anders Tägt as principal.
UK - Nova exits aia
Nova Capital Management has exited its investment in recruitment agency aia in a sale to TMP Worldwide Advertising & Communications in New York.
UK/CIS - Magisters opens office in London
CIS-based law firm Magisters will open an representative office in London.
UK - SEP will cap exposure to Permira IV
Standard Life European Private Equity Trust (SEP) has taken up the offer to cap commitments to Permira IV as part of a wider restructuring, which has also seen the group sell two of its other partnership interests.
UK - Hammonds elects new Leeds head
Hammonds has appointed is head of private equity Johnathan Jones to lead the firm's office in Leeds.
GERMANY - 3i to cut Frankfurt staff
According to reports, 3i has undertaken measures to cut staff in its Frankfurt office.
FRANCE - Tocqueville Finance strengthens fund team
Tocqueville Finance has hired Pascale Noguera as president to its investment committee. The appointment completes the investment team for the fund Tocqueville Investissement Privés (TIP) comprised of Benoit Panhard and Vincent Foucart.
UK - Hilco considers Allied Carpet acquisition
Reports suggest that turnaround specialist Hilco is considering an acquisition of flooring retailer Allied Carpets.
UK - BVCA calls for banks to actively support businesses
Following the ТЃ20bn loan guarantee given by the government today, the BVCA said the package must involve a culture change in banking which encourages banks to actively support companies and back investors who would like to rescue failing businesses....
FRANCE - Advent International names new director
Damien Lestang has been promoted director at Advent International.