News
FRANCE - AXA PE et al. exit B3G in EUR 40m deal
AXA Private Equity, BNP Paribas subsidiary Orkos Capital and Partech International have wholly exited their respective interests in B3G Telecom, an IP Centrex specialist, in a EUR 40m sale to Completel, a corporate telecommunications service business...
RUSSIA - Russia Partners raises $800m
According to reports, Russia Partners is set to close its third fund, Russia Partners III, on $800m.
SPAIN - Platina backs EUR 134m solar investment
Renewable energy investor Platina has backed Madrid-based portfolio company Anemoi Renovables in a EUR 134m investment into three major Spanish solar energy projects.
UK - Mourant hires director
Mourant International Finance Administration has appointed Francois Chesnay as director in its corporate services team.
UK - Havers named BVCA chairman
Baird Capital Partners' Simon Havers has been named as the 27th chairman of the British Private Equity and Venture Capital Association (BVCA).
UK - Foursome becomes Frog; increases funds under management
UK-based early-stage and growth investor Foursome Investments has re-branded as Frog Capital and increased the size of its fund from EUR 60m to EUR 100m - a move almost unheard of in this economic climate.
BELGIUM - Gimv invests EUR 75m into Vandemoortele Group
Gimv, through its XL fund, is to invest EUR 75m into food business Vandemoortele Group.
UK - LCA invests £300,000 into ResponsiveLoad
Low Carbon Accelerator has invested £300,000 into electrical technology company ResponsiveLoad Ltd, trading as RLtec.
GERMANY - Candover and Cinven to divest Springer
According to reports, Candover and Cinven have appointed UBS and Goldman Sachs to approach potential buyers for publisher Springer Science and Business Media, in a deal that could fetch up to £2bn.
DENMARK - Polaris creates Alliance+
Polars Private Equity has completed the acquisition of two cleaning companies, Kølving & Thaning and Alliance Clean & Care, which will be merged under the name Alliance +.
ITALY - Orlando and Atlantis interested in Diadora
Market speculation suggests that Orlando Italy and Atlantis Capital are interested in acquiring sport apparel business Diadora.
ITALY - De Longhi interested in PAI’s Saeco
According to reports, Italian household appliance brand De' Longhi is one of several corporate groups to have expressed interest in acquiring PAI-backed coffee machine manufacturer Saeco.
UK - Principle Capital to be liquidated
According to reports, shareholders in Principle Capital Investment Trust (PCIT) have voted to liquidate the listed vehicle and remove founding CEO Brian Myerson, along with directors Alan Clifton, Brian Padgett and James Roe.
EUROPE - 3i Infrastructure stays solid
Following the stark pre-close period statement released by 3i Group plc yesterday the firm's infrastructure arm published a contrastingly bright statement today, revealing steady investment activity and strong performance.
RUSSIA - JP Morgan to manage Marshall fund
It is understood that JP Morgan has been awarded the mandate to manage Russian private equity firm Marshall Capital Partners' fund.
GERMANY - DLA Piper bolsters corporate group
DLA Piper has hired Dr Matthias Lupp as a partner in its Munich-based corporate group.
ITALY - Carlyle interested in Italpretroli storage assets
According to reports, Carlyle is among the three parties interested in acquiring the oil storage assets of Italpetroli, which to be valued at between EUR 90-100m.
ITALY - DGPA-backed Mida acquires MCG Grafica in EUR 2.8m deal
DGPA-backed Mida, a producer of adhesive labels used in the pharmaceutical and related sectors, has acquired MCG Grafica, a manufacturer of labelling sleeves, in a deal valued at just under EUR 3m.
AUSTRIA - Private equity circles Constantia
According to press reports, several private equity funds including EQT and Nordic Capital are entering the second round of bidding for heiress Christine de Castelbajac's stake in listed holding Constantia Packaging.
EUROPE - 3i licking wounds – to aide healing?
3i Group today released its pre-close period trading update, warning the markets of stark writedowns ahead and revealing the scale of its de-leveraging operation.
AUSTRIA - Recap-backed Sariana files for insolvency
Recap Management-backed lingerie company Sariana Fashion GmbH has filed for insolvency.
UK - Rutland relocates
Rutland Parters is to move offices and can be found at a new address from 30 March 2009.
GERMANY - Target Partners appoints partner
Target Partners has appointed Olaf Jacobi as a new partner.
UK - Palamon hires new VP
Mid-market private equity house Palamon Capital Partners has hired Pascal Jean-Noël Noth as vice president in its London office.