News
SPAIN - Sepides et al launch nanotech fund
Sepides, Sodena and Principia have launched a new nanotech dedicated fund with an initial commitment of EUR 4.5m, with the final total expected to reach the EUR 12m.
ITALY - Aletti sells Lovato Gas for EUR 63m
Aletti Private Equity has sold industrial manufacturer Lovato Gas (formerly Officine Lovato) to sector rival Landi Renzo, in a deal that values the company at EUR 63m.
GERMANY – BC Partners buys SGB from HCP
BC Partners has aquired electronic equipment company SGB Starkstrom-Gerätebau GmbH from turnaround management firm HCP Capital and other stakeholders for an undisclosed sum.
BELGIUM - KBC et al invest EUR 6.5m in PharmaNeuroBoost
KBC Private Equity, Saffelberg Investments and Biovest have invested EUR 6.5m in PharmaNeuroBoost. Saffelberg invested EUR 2.5m, while KBC and Biovest provided EUR 2m each.
UK - NSEI leads £440,000 investment into Guroo
NorthStar Equity Investors (NSEI) has led a ТЃ440,000 financing round for educational support services company Guroo.
GERMANY – HTGF and Bayernkapital sell Vanatec
High-Tech Gründerfonds (HTGF), Bayernkapital and the founders have sold software company Vanatec GmbH to strategic investor Telerik AD, based in Bulgaria, for an undisclosed amount.
FRANCE - Astorg promotes Couturier to partner
Astorg Partners has promoted director of investments Christian Couturier to partner.
GERMANY – IK-backed Schenck Process acquires Screenex
Measuring and process equipment maufacturer Schenck Process, which is backed by IK Investment Partners, has completed the acquisition of Australian company Screenex, a manufacturer of poly and rubber screening media/panels.
UK - Oxford leads £2.2m Glide investment
The Oxford Technology VCTs have led a ТЃ2.2m funding round for specialty pharmaceuticals company Glide Pharma.
UK - Prices fall to lowest level for six years
According to the latest Private Company Price Index, published quarterly by corporate advisory firm BDO Stoy Hayward, the average entry multiple being paid by private equity firms (PEPI) dipped by 14% in Q2 2008 to 11.1x earnings - the lowest level for...
FRANCE - Fonds Partenaires sells Burgienne to 3M
Fonds Partenaires Gestion has sold licence plate manufacturer Financière Burgienne to US-based company 3M via an auction process run by Hawkpoint.
UK - Accel and Carmel support USD 5m MyThings funding
Existing backers, including Accel Partners and Carmel Ventures, have supported a USD 5m investment into online registry MyThings, in a serie-B funding round co-led by Dotcorp Asset Management and GP Bullhound Sidecar.
CEE - iEurope yields 13.5x return on Vatera sale
iEurope Capital has sold Hungarian e-commerce business Vatera.hu to MIH Internet, generating an approximate 13.5x cash-on-cash return on its investment and a 59% gross IRR.
FINLAND - Sentica Partners acquires HES Group
Sentica Partners has acquired medical transport company Helsingin Ensihoito ja Sairaankuljetus Oy (HES) from OMX Nordic Exchange Helsinki-listed Nurminen Logistics Plc, in a deal valued at EUR 7.8m. Management and Finnish Industry Investments Ltd will...
UK - Premier Foods in talks with private equity
Food manufacturer Premier Foods Plc has reportedly been talking to CCMP, the former private equity arm of JP Morgan, regarding a cash injection.
DENMARK - FSN creates Danish bakery chain
FSN Capital has acquired two bakeries, Lagkagehuset and Skallebæks Bageri, from the respective founders. The investor will merge the two companies to establish a bakery chain focusing on high quality fresh bakery products.
UK - Barclays hires investment manager
Barclays Private Equity has appointed Steven Whitehead as investment manager in Manchester.
UK - Bowmark appoints two
Bowmark Capital has hired Julian Masters and Tom Shelford to its investment team.
FRANCE - Argos Soditic strengthens team
Argos Soditic has hired Constance Jay to lead their investor relations team in Paris.
ITALY - Argos Soditic and MPS bid for Sorin accepted
It is understood that a consortium led by Argos Soditic and MPS has presented a takeover offer for the renal unit of healthcare business Sorin Group, which has been accepted in exclusivity.
UK - Elysian to raise first fund
Elysian Capital has been reported as raising its debut fund, Elysian Capital I, with a target of ТЃ200m.
SPAIN - Buyout houses considering investment in Prisa
Reports suggest that buyout houses KKR, TPG Capital and Apax Partners are among several private equity groups considering an investment in media conglomerate Prisa.
GERMANY - Steadfast Capital strengthens team
Steadfast Capital has hired Dr Thomas Jepsen and Thomas Groß as investment managers with effect from 1 June 2008 and 1 September 2008 respectively.
UK - BVCA hires Roger Kelly
The British Private Equity and Venture Capital Association (BVCA) has hired Roger Kelly as chief economist.