News
UK - RBI sale in doubt as valuation declines
The sale of Reed Business Information (RBI), the media publishing division of Reed Elsevier, is reported to be in doubt as third round bidders, including private equity firms Bain Capital and TPG Capital, are considering offers of less than ТЃ1bn - far...
DACH - NEXT WEEK Deutsche Private Equity Congress & Awards
Join unquote” next Thursday, 30 October, in Munich for the third annual Deutsche Private Equity Congress & Awards.
UK - LRM and Vesalius lead EUR 10m funding for Apitope
LRM and Vesalius Biocapital have led a EUR 10m series-A round of funding for biopharmaceutical company Apitope International.
ITALY - AIFI figures reveal record breaking H1
Figures released today by the Associazione Italiana del Private Equity e Venture Capital (AIFI) reveal that private equity investment activity broke all previous half-year records in H1 2008, with 170 deals completed worth EUR 2.8bn - 11% and 45% up respectively...
NETHERLANDS - PPM Oost invests in BAT II
PPM Oost has commited an undisclosed sum to Business Angels Technostarters II (BAT II), a new vehicle seeking investments in Eastern Netherlands.
NETHERLANDS - Intel Capital leads USD 7m Silicon Hive funding
Intel Capital has led a USD 7m financing round for IT business Silicon Hive, alongside existing investors New Venture Partners and TVM Capital.
UK - Azini leads USD 6.5m Antenova investment
Azini Capital Partners has led a USD 6.5m investment into antennas provider Antenova Ltd, alongside existing backers Spark Ventures, First Ventures, Herald Ventures and Loudwater Investment Partners.
UK - Tenon to launch fund management business
Accountancy firm Tenon Group Plc is to launch a new fund management business, Tenon Capital Management Ltd (TenonCap), which will in turn launch its maiden fund, T-Fund I LP. which will invest in distressed businesses.
FRANCE - Sigefi opens Strasbourg office
Sigefi, the management firm of Groupe Siparex, has opened a new office in Strasbourg, which will be headed up from 1 January 2009 by Nathanaël Martin.
ITALY - Investimenti e Partecipazioni presents binding offer to Sorin
Italian investment fund Investimenti e Partecipazioni Spa (IP) has presented a binding offer to Sorin Group for the acquisition of its Vascular Therapy Business.
ITALY – Cape and Progressio complete cosmetics acquisitions
Cape and Progressio have supported the management buyout of b2b cosmetics businesses Gamma Croma and Clavis, which will be merged under the name Chromavis Gamma & Clavis Group industry.
UK - Latham & Watkins hires insolvency partner
Lathan & Watkins has hired Jackson Taylor as partner in its restructuring and insolvency group in London.
SPAIN – ACP backs EUR 1.7m Xperience funding
Active Capital Partners (ACP), through the ACP Molins Capital Inversión fund, has participated in a EUR 1.7m series-A financing round for IT consultancy firm Xperience Consulting.
CYPRUS - RC2 invests EUR 30m into EPH
RC2 has acquired a 21.3% stake in Cyprus-based holding company East Point Holding (EPH) for EUR 30m.
CEE - Arx III holds first close on EUR 83m
Arx Equity Partners has held the first close of its third fund, Arx CEE III, on EUR 83m.
UK - Prime Technology backs spinout from Philips
Prime Technology Ventures has backed the spinout from Philips Technology Incubator of amBX UK Ltd, a developer of technology designed to improve the entertainment experience of a range of media, for an undidsclosed sum.
SPAIN - Mid-market remains strong
The third quarterly figures from ASCRI indicate that the Spanish mid-market remains strong in spite of the ongoing economic crisis, with deal volume decreasing by just 3% to 568 transactions.
UK - Duke Street 's pensions hit
Duke Street Capital's recent payment of ТЃ8 million into the Focus DIY pension fund almost a year after it sold its holding has raised concerns that the Pensions Regulator (the Regulator) is readier to use (or threaten use of) Financial Support Directions...
SPAIN - Miura acquires Grupo Atrezzo in EUR 30m deal
Miura Private Equity has acquired a majority stake in mannequin and accessories business Grupo Atrezzo in a deal valued at EUR 30m, with the founders, Josep Güell and Gloria Tejeiro, retaining the balance of the equity.
SPAIN - Arques acquires Bpack
Arques Iberia has acquired transport service provider BPACK for a symbolic purchase price. The investor intends to merge the business with its existing portfolio company, ASM, which operates in the same sector and was acquired earlier this year.
NORWAY - Viking Venture invests NOK 10m into Signicat
Viking Venture has invested NOK 10m into IT firm Signicat, taking a 22% stake in the business.
ITALY - JH Partners acquires remaining 30% stake in La Perla
US-based investor group JH Partners has acquired the remaining 30% stake in portfolio company La Perla Group, a producer of underwear, from Alberto Masotti's holding company Nute Partezipazioni Holding.
UK - AFM invests £350,000 into Flasma Steps
Alliance Fund Managers (AFM), through the Merseyside Special Investment Fund Liverpool Seed Fund, has invested ТЃ350,000 into Flasma Steps Ltd, a developer of floor-based screen systems.
EUROPE - Beechbrook launches maiden fund with USD 75m
Beechbrook Capital has launched its first fund, Beechbrook Mezzanine I LP, with an initial commitment of up to USD 75m.