News
EUROPE – PE to be PR nightmare
"The trends that emerged over recent years have fundamentally interfered with the alignment of interests between GPs and LPs," commented Roberto Quarta of Clayton, Dubilier & Rice Europe, speaking at what can best be described as a reflective EVCA Investors...
NORWAY - Borea prepares for de-listing of Software Innovation
Norwegian buyout house Borea, through Borea Opportunity IV AS, has increased its stake in software developer Software Innovation ASA (SOI) to 90.4 % and initiates compulsory squeeze-out.
AUSTRIA - ValueNet-backed Rohe insolvent
According to reports, ValueNet Capital Partners' portfolio company gas station Rohe Group has filed for insolvency.
GERMANY - Triton's Kampa to file for insolvency
Triton-backed Kampa AG, a listed manufacturer of prefabricated houses, is expected to file for insolvency.
SPAIN - Eland to raise third fund
Eland Private Equity has launched Eland Energías Renovables III, a EUR 30m fund to invest in projects in the renewable energy sector.
ICELAND - Baugur files for bankruptcy
Iceland investor Baugur Group files for bankruptcy as the company's petition for extension of the moratorium, an Icelandic legal process for creditor protection, was refused by the District Court of Reykjavik.
GERMANY - Consortium provides seed funding for Avidal Vascular
A consortium led by High-Tech Gründerfonds (HTGF) has provided seed financing for medical devices company Avidal Vascular GmbH.
SWEDEN - Apax to close Stockholm office
According to press reports, Apax Partners is to close its Stockholm office.
UK - Oxford Capital launches 'approved' EIS fund
Oxford Capial has launched its second Enterprise Investment Scheme (EIS) fund, Oxford Gateway Approved Fund, which will invest in early and development stage companies in the healtcare, sustainability and communications sectors.
UK - Greenpark appoints Eric Pathé
Greenpark Capital has appointed Eric Pathé as investment director.
ITALY - Soffinova leads EUR 8.2m EOS investment
Sofinnova Partners has led a EUR 8.2m series-A financing round for drug development business Ethical Oncology Science (EOS), alongside Quantica.
ITALY - Crédit Agricole PE strengthens new team
Crédit Agricole Private Equity (CAPE) has appointed Stefano Zavattaro to its soon to be established Italian office.
ROMANIA - GED backs EUR 12m Diamedix buyout
GED, a mid-market buyout house specialising in South-Eastern Europe, has invested EUR 12m to support the buyout of Romanian medical distributor Diamedix.
FRANCE - I-Source exits Advestigo
I-Source has sold copyright protection company Advestigo to Hologram industries, a global producer and distributor of high security optical solutions, for an undisclosed sum.
UK - Hotbed launches £10m EIS portfolio
Investor syndicate Hotbed has launched a £10m Enterprise Investment Scheme (EIS) portfolio.
UK - Gresham's Mills joins HIG
Gresham's Alastair Mills has left the firm to join HIG Europe as a director in the London office. The move comes less than a month after Gresham's London chief Mike Henebery left to pursue other interests.
FRANCE - Azulis acquires stake in Finag
Azulis Capital, formerly Banexi Capital Partenaires, has backed the acquisition of household products manufacturer Finag group from the founder Alain Guiader, alongside the management team.
NETHERLANDS - ePlanet and PTV invest EUR 7m into Greetz
New investor ePlanet Ventures and existing backer Prime Technology Ventures have jointly invested EUR 7m into greeting card business Greetz.
GERMANY - LBBW Venture leads second SimuForm funding round
LBBW Venture Capital GmbH has led a second financing round for software company SimuForm GmbH, alongside EnjoyVenture and KfW, as well as historical investor High-Tech Gründerfonds.
UK - Foresight backs ICA Group buyout with £2m investment
Foresight Group has invested £2m to back the buyout of ICA Group Ltd, a document management solutions provider.
FRANCE - CDC Innovation and Auriga invest EUR 10m into Stantum
CDC Innovation and Auriga Partners have co-led a EUR 10m serie-B round of financing for touch display technology business Stantum, alongside previous investor XAnge Private Equity.
UK - SEP et al. further back PicoChip
Reports suggest that Scottish Equity Partners, Highland Capital Partners and Atlas Venture are among returning institutional backers for a $25m series-E round of funding for wireless communications company PicoChip.
UK - Albion invests £1.5m in Mirada
Albion Ventures has invested £1.5m to back the buyout of software company Mirada from Siemens.
FRANCE - Close Brothers hires new MD
François Wohrer has joined Close Brothers as a managing director in the firm's Paris office.