News
ITALY - Arca Impresa achieves 42% IRR from Garioni SBO
Arca Impresa Gestioni SGR has sold its majority stake in engineering business Garioni Naval in a secondary buyout to Cape-Natixis valued at approximately EUR 16m, achieving a 2.5x money multiple and a 42% IRR over the course of the investment.
GERMANY - HAARMANN strengthens corporate real estate practice
HAARMANN has hired Dr Sebastian Gronstedt to its real estate and notary practice.
UK - Dunedin promotes Strang
Dunedin has promoted Dr Jim Strang to head up the firm's new private equity fund investment programme, Dunedin Enterprise Investment Trust Plc.
UK - Ashurst appoints senior partner
Ashurst has appointed Charlie Geffen as new senior partner. The appointment is effective as of 1 January 2009.
SPAIN - Suan Biotech leads EUR 1m Biomedal financing
Suan Biotech has led a EUR 1m funding round for life sciences company Biomedal, investing EUR 700,000, with the remainder being provided by Invercaria, the private equity investment vehicle of Junta Andalicía.
SPAIN - Doughty loses battle over SEUR
UK-based investor group Doughty Hanson has received EUR 1m in break up fees after its takeover bid for courier SEUR was matched by the incumbent shareholder Geopost, a subsidiary of French postal service La Poste.
SPAIN - Hutton invests EUR 31.5m into Everis
Hutton Collins has invested EUR 31.5m into IT consultancy firm Everis, increasing its stake to 10.84% and becoming its third largest shareholder. The balance is retained by the management and staff (64.03%), 3i (18.33%), Grupo Landon (6.34%) and other...
FRANCE - Cognetas appoints associate
Cognetas have recruited Antoine de Péguilhan as a new associate in its Paris office.
FRANCE - CIC and IDI take Alti private
CIC LBO Partners, through the CIC LBO Fund, and IDI have acquired IT engineering company Alti after taking a majority stake in the Euronext-listed holding company Financière Alti.
CEE - Argo opens Era Shopping Park
Argo Group, through its fund Argo Capital Partners I, alongside local developer Omilos Group have opened the Era Shopping Park in Romania.
UK - Finance Cornwall supports Lanish Group
Finance Cornwall has invested an undisclosed sum into Lanish Group, operator of the five star Gwel an Mor holiday resort in Portreath. Bill Haslam, the majority owner of the business, has also invested.
SWEDEN - Hannes Snellman launches in Stockholm
International law firm Hannes Snellman has opened a new office in Stockholm.
UK - Palamon hires Peter Currie
Palamon Capital Partners has appointed Peter Currie to its board of advisers.
UK - Greenpark hires investment director
Greenpark Capital has hired Robert Savage as investment director for its London office.
UK/USA - Fidelity hires three
Fidelity Equity Partners has hired Jens DУМing, Dustin Lieb and Daniel Sheyner to its London and Boston offices.
SWEDEN - Industrifonden backs SEK 11m Vincent funding
Industrifonden has invested SEK 8m as part of an SEK 11m funding round for shoe chain Vincent, with the remainder being provided by Odd Molly investor Patrik Tillman.
SWEDEN - KTH Chalmers investd in Baymarkets
KTH Chalmers Capital has invested in Baymarkets AB, a provider of financial market systems.
FRANCE - AXA PE to divest Spotless
AXA Private Equity is reportedly seeking to sell portfolio company The Spotless Group, a producer and distributer of home care and cleaning products, with the price tag expected to be EUR 700m. Lazard is reported to have been mandated to find a buyer....
EUROPE - European Commission to discuss transparency proposals
The European Parliament today voted to send the Lehne and Ramussen reports on the transparency of institutional investors to the European Commission for discussion.
GERMANY - BFB and bmp join Revotar funding
BFB BeteiligungsFonds Brandenburg GmbH and bmp AG have invested in biotechnology company Revotar Biopharmaceuticals AG in a EUR 5.3m second closing of the company's series-A funding round.
UK - Dow Schofield Watts launches debt advisory business
Dow Schofield Watts has established a corporate debt advisory business, which will be led by new partners Joanne Dodd and Paula Jones.
GERMANY - High-Tech Gründerfonds invests in HAPILA GmbH
High-Tech Gründerfonds has invested in start-up company HAPILA GmbH, which offers processes for purification of active pharmaceutical ingredients.
FRANCE - Xange invests EUR 3m into NovaWatt
Xange Private Equity has invested EUR 3m in a first round of financing for electricity producer NovaWatt.
NORWAY - NeoMed hires partner
NeoMed Management has hired Gert Caspritz as senior investment professional and partner.