News
ITALY - F2i and AXA acquire 80% of Enel’s gas network
F2i and AXA Private Equity have acquired an 80% stake in Enel Rete Gas SpA from its parent Enel Distribuzione SpA, in a deal valued at EUR 480m.
GERMANY - BluO acquires Pit-Stop from PAI-subsidiary Kwik-Fit
Private equity newcomer BluO has acquired Pit-Stop Auto Service GmbH, the German division of car service business Kwik-Fit Holdings, a portfolio company of PAI Partners, for an undisclosed amount.
SPAIN - N+1 decides against distressed fund
N+1 has decided against raising a EUR 300m fund for distressed assets, citing possible conflicts of interest with its corporate finance division.
ITALY - Buyout interest in Banca Fideuram
Reports suggest that several buyout houses have expressed an interest in bidding for Italian bank Intesa Sanpaolo's subsidiary Banca Fideuram, which could have a price tag of up to EUR 3bn.
US/EUROPE - Houlihan Lokey re-hires Justin Abelow
International investment bank Houlihan Lokey has re-hired Justin Abelow to resume his role as managing director of the financial sponsors coverage group.
UK - Permira exits Britvic
UK buyout house Permira has reportedly exited its 14% stake in listed British soft drink manufacturer Britvic, in a deal valued at approximately £80m.
UK - Endless acquires British Bookshops and Stationers
Turnaround specialist Endless has acquired beleaguered British Bookshops and Stationers for an undisclosed sum.
ITALY - PAI's Saeco sold to Philips
According to reports PAI Partners has sold portfolio company Saeco International Group SpA, a manufacturer of coffee machines, to Royal Philips Electronics NV for an estimated EUR 200m.
UK - Hotbed invests £3.3m into Burcote Wind
Private investor network Hotbed has invested £3.3m into UK-based wind farm developer Burcote Wind, alongside company management.
SPAIN - Arcano hires former RBS M&A exec
Arcano Capital has appointed Jorge Vasallo as partner in charge of corporate finance.
GERMANY - PAI to inject EUR 135m into Monier
French buyout house PAI Partners has reportedly offered to inject an additional EUR 135m of equity into troubled building materials company Monier Group (formerly Lafarge Roofing), as part of a revised restructuring plan that would also see lenders take...
GERMANY - HBM Partners seeks buyer for Brahms stake
According to press reports, Swiss investor HBM Partners is seeking a buyer for the minority stake it holds in German medical diagnostics business Brahms Diagnostica GmbH.
FRANCE - UI Gestion holds first close of MI 5 on EUR 50m.
UI Gestion has held a EUR 50m first close of its new FCPR fund MI 5.
FRANCE - 123Venture hires Sarah Doyle as director
123Venture has recruited Sarah Doyle as director and head of institutional investor relations.
FRANCE - EdRIP backs Barrault OBO
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 1m to support the owner-buyout of industrials company Barrault Recherche.
NORWAY - Herkules reaps NOK 465m in partial exit from Pronova
Herkules Capital has sold approximately 8% of its holding in listed company Pronova BioPharma, a developer of marine-originated omega-3 derived pharmaceutical products, in a deal worth NOK 465m.
SPAIN - Landon carries out EUR 28m capital increase
Landon Investments, the venture capital arm of Spanish family office Grupo Corporativo Landon, has completed a EUR 28m capital increase.
GREECE - TLcom and Alpha Ventures invest EUR 11m into Upstream
London-based TLcom Capital LLP and Greek investor VC Alpha Ventures have co-led an EUR 11m financing round for mobile content provider Upstream Telecommunications.
EUROPE - SEP appoints general counsel
Venture capital firm SEP has hired Andrew Buchan as general counsel.
UK - Perella Weinberg appoints partner in London
Perella Weinberg Partners has hired Robert Maguire as corporate advisory partner in its London office.
EUROPE - 3i sells venture portfolio for less than half value
London-based private equity firm 3i has reportedly sold its venture portfolio to an unnamed bidder for around £100m, a substantial discount to the approximate £250m book value.
EUROPE - Platina launches new asset management company
London-based Platina Partners, a private equity fund manager specialising in renewable energy and buyouts in turnaround situations, has launched a new asset management company, Engineering Renewables Ltd (ERL).
GERMANY - S-Refit appoints new chairman to supervisory board
Regional investor group S-Refit has appointed Walter Paulus-Rohmer as chairman of the supervisory board, replacing Karl Bauer, who retires from the position he has held since 1997.
UK - Finance Wales further backs Outlook Expeditions
Government-backed investor Finance Wales has supported youth expedition company Outlook Expeditions with a £730,000 debt and equity investment.