News
ITALY - Aksia and Alcedo acquire Gimi
Private equity funds Aksia and Alcedo have collectively invested approximately EUR 28m to support the buyout of household goods manufacturer Gimi Spa, taking a majority stake in the business.
GLOBAL - CIC to increase stake in Blackstone
According to reports, Chinaтs sovereign wealth fund, China Investment Corp (CIC), is planning to increase its stake in Blackstone Group from 9.9 per cent to 12.5 per cent.
SWEDEN - Hannes Snellman strengthens Stockholm team
Finnish law firm Hannes Snellman has hired Fredrik Olsson as a partner in its Stockholm office.
CEE – iEurope yields 2.3x return on ATech Elektronika sale
iEurope has sold Slovenia-based portfolio company ATech Elektronika, a designer and manufacturer of proprietary electronics assemblies, generating a 2.3x cash-on-cash return on its investment and a 18% IRR.
NETHERLANDS/GERMANY - Wadinko and PPM Oost support IBL
Wadinko and PPM Oost have invested an undisclosed sum into IBL International, a specialist developer of in-vitro diagnostic tests.
GERMANY - S-UBG AG invests in Op-tection GmbH
S-UBG has taken a minority stake in measuring technology company Op-tection GmbH for an undisclosed sum.
CEE - EQT opens new office in Warsaw
EQT Partners has expanded into Central and Eastern Europe with the opening of a new office in Warsaw, which will be headed up by Piotr Czapski.
GERMANY - Börsebius Zentral becomes major shareholder in DEWB
Investment club Erster Privater Investmentclub Börsebius Zentral GbR has acquired a 21.2% stake in listed fund Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft AG (DEWB).
UK - Braveheart appoints new CFO
Braveheart Investment Group Plc has appointed Colin Grant as chief financial officer.
UK - EV and AFM make follow-on investment into Chromatide
Enterprise Ventures (EV) and Alliance Fund Managers (AFM) have completed an undisclosed follow-on investment into polymer technologies specialist Chromatide Ltd.
ITALY - Cape acquires ITP
Cimino & Associati Private Equity (Cape), via the Cape Natixis Due Fund, has acquired a 70% stake in textile manufacturers ITP Spa and Tessitura Imperiali Srl in a management buyout deal.
UK - Pinsent Masons hires Gregg Davison
Pinsent Masons has hired Gregg Davison as corporate partner to its Manchester-based private equity team.
FRANCE - CIC acquires ORC
CIC LBO Partners has supported the management buyout of public relations and human resources advisory firm ORC Image et Stratégies d’Employeur, alongside CM-CIC Capital Privé.
CEE - 3TS to launch EUR 200m vehicle
3TS Capital Partners is to launch a new EUR 200m vehicle later this year, reports suggest.
FRANCE - Advent spins out Experian card processing unit
Advent International, along with La Poste subsidiary Doc@post, has acquired the transaction processing activities of information processing business Experian France for a total consideration of EUR 203m.
CEE - Crossroads and FRC-backed RPG invests £101m into Ferrexpo
Crossroads- and First Reserve Corporation-backed RPG Industries has acquired a 20.79% stake in iron ore producer Ferrexpo.
UK - PwC hires two telecoms specialists
PricewaterhouseCoopers has hired Gary Taylor and Henrik Buss to its TMT practice.
GERMANY - BWK acquires 40% of Sunval Nahrungsmittel
BWK has acquired a 40% stake in baby food producer Sunval Nahrungsmittel GmbH for an undisclosed sum in an equity-only transaction, with the management acquiring a 20% stake and the founders retaining the balance.
GERMANY – HTGF and Sirius support ILIAS-medical
High-Tech Gründerfonds (HTGF) and Sirius Seedfonds have, together with private investors, completed an undisclosed investment into medical technology company ILIAS-medical GmbH.
SWEDEN - NVP invests SEK 23m into Jalbum
Existing investor Nordic Venture Partners (NVP) has invested SEK 23m into Jalbum, which operates an online community for personalised photo sharing, in a second round of funding.
UK - Dunedin acquires Rathbone in £23.5m deal
Dunedin has backed the ТЃ23.5m management buyout of offshore trust company Rathbone Trust International, which will be rebranded as Hawksford International.
UK - C.P. Eaton hires three
Placement agent C.P. Eaton Partners has hired Franklyn D. Chang, Christopher J. Pietersen and Stephanie J. Brendel to its London office.
GERMANY – IBB and KfW provide follow-on funding for Luceo
A consortium of returning investors, comprising IBB Beteiligungsgesellschaft, KfW and private investors, has made an undisclosed follow-on investment into mesuring technology company Luceo Technologies GmbH.
UK - Oxford invests £2m into MirriAd
The Oxford Technology Enterprise Capital Fund has invested ТЃ2m in a second round of funding for MirriAd, a provider of embedded advertising solutions.