News
GERMANY – 360° Capital Partners joins Invendo investment round
360° Capital Partners has backed Invendo Medical, a developer and distributor of novel disposable endoscopy products. The investment brings the recent financing round, co-lead by Wellington Partners and TVM Capital, to EUR 6.5m.
GERMANY – 3i-backed Labco acquires AescuLabor-Karlsruhe
3i-backed Labco has acquired AescuLabor-Karlsruhe, a medical diagnostics company based in Karlsruhe. In addition to a debt package provided by a bank syndicate, 3i supported the transaction with additional financing of up to EUR 65m.
GERMANY – Ripplewood and Lone Star circle BHF bank
According to press reports, Ripplewood and Lone Star are interested in acquiring private bank BHF, which has been put up for sale by private banking group Sal. Oppenheim.
UK - Candover calls it quits
Private equity firm Candover has suspended investment from its 2008 fund for up to six months to explore strategic options.
UK - Bidding war for stake in Royal Mail
Reports suggest that Deutsche Post, along with Dutch TNT and private equity firm CVC, are bidding for a stake in British state-owned postal company Royal Mail.
CEE – Syntaxis attracts EUR 50m from EBRD for fund
CEE mezzanine specialist Syntaxis Capital has attracted a commitment of up to EUR 50m from the European Bank for Reconstruction and Development (EBRD) for its second fund. Syntaxis Mezzanine Fund II L.P. is the successor fund to the GP's debut vehicle,...
EUROPE - BPE spin-off – still no firm agreement
Following speculation since before Christmas, unquote" can confirm that Barclays Private Equity is indeed inching closer towards independence. Though the firm is "sounding out views of its investors", there is as yet still no agreement in place, according...
NETHERLANDS - H2 Equity Partners interested in Golden Tulip
According to reports, Dutch private equity firm H2 Equity Partners would be among those interested in acquiring struggling hotel chain Golden Tulip.
UK- MBO in the cards for Robert Dyas
Reports suggest that hardware retailer Robert Dyas is in talks with its main backer Lloyds TSB over a potential management buyout.
GLOBAL - Kamil Salame joins CVC Capital
International private equity firm CVC Capital Partners has appointed Kamil Salame as partner and US head of its financial institutions group.
Europe/US - Peter Schweinfurth launches Gulf + Eastern Advisors firm
Private equity professional Peter Schweinfurth has formed private merchant advisory firm Gulf + Eastern Advisors.
UK- Longbow Capital launches venture fund for Sipp investors
Healthcare venture specialist Longbow Capital has launched a venture fund designed for self-invested personal pension (Sipp) holders.
GERMANY – S-UBG backs MBO of Jouhsen-bündgens
S-UBG AG has alongside management increased its stake in portfolio company Jouhsen-bündgens Maschinenbau GmbH to 100%, acquiring outstanding shares from the company's founder.
GERMANY – IPIC acquires 70% of MAN Ferrostaal
The International Petroleum Investment Company of Abu Dhabi (IPIC) has acquired 70% of the shares of MAN Ferrostaal AG from MAN AG, which retains a 30% stake. MAN Ferrostaal will continue as an independent company.
UK- RCapital buys distressed Morses Club
Private investment boutique RCapital has acquired home collected credit provider Morses Club from Ernst & Young's administrators of London Scottish Finance Limited for an undisclosed sum.
EUROPE - Private equity and SWFs circle GM Europe
According to reports, sovereign wealth funds and private equity firms are showing an interest to acquire a stake in the European business of US carmaker General Motors.
EUROPE - Charterhouse closes ninth fund on EUR 4bn
Private equity firm Charterhouse has closed its latest buyout fund, Charterhouse Capital Partners IX, on EUR 4bn - EUR 2bn short of its target.
GERMANY – BayBG backs EUR 1m jCOM1 investment
BayBG and KfW banking group have jointly invested EUR 1m into software developer jCOM1 AG in the framework of a silent partnership.
UK - LCA provides £500,000 follow-on funding to Proven Energy
Low Carbon Accelerator (LCA), managed by Low Carbon Investors, has invested a further £500,000 into wind turbine manufacturer Proven Energy Ltd, increasing its equity holding in the business to 49.8%.
SPAIN - Kennet leads EUR 14.9m BuyVIP funding
Kennet Partners has led a EUR 14.9m financing round for online retailer BuyVIP, alongside existing investors Bertelsmann Digital Media Investments (BDMI), 3i Group and Active Capital Partners.
FINLAND - CapMan Life Science head resigns
Jan Lundahl, senior partner at CapMan, has stepped down as head of CapMan Life Science and left the buyout firm's management group. He will be replaced by Johan Bennarsten who is currently deputy head of the division.
UK - Candover-backed Wood Mackenzie on the block
Reports suggest that Candover has mandated Goldman Sachs to find a buyer for energy consultancy company Wood Mackenzie, with the price tag thought to be around £650m.
GERMANY - Lemper leaves Aurelia Private Equity
Stefan Lemper, a partner at venture firm Aurelia Private Equity, has left the firm to join 3D chat world messengers club cooee GmbH as CEO.
FRANCE - Sofinnova leads EUR 4m investment into Neosens
Sofinnova Partners has led a EUR 4m investment into technology company Neosens, alongside Belgian investor Capricorn Ventures, GALIA Gestion, ICSO Private Equity and IRDI.