News
UK - Sovereign promotes partners
Sovereign Capital has promoted Dominic Dalli, David Myers and Kevin Whittle to partner.
DACH - Entries due next week for the Deutsche Private Equity Awards 2008
The Deutsche unquote” Private Equity Awards 2008 will be held on 30 October at Hotel Bayerischer Hof in Munich, immediately following the Deutsche unquote” Private Equity Congress. Entries must be received no later than Wednesday, 17 September.
SPAIN - MCH sells Qualytel to Bertelsmann
According to reports, MCH Private Equity has sold call centre business Qualytel Teleservices to German media group Bertelsmann's Arvato unit for an undisclosed sum.
SPAIN - Hudson acquires Helium Energy
According to reports, US fund Hudson Clean Energy is on the verge of closing the acquisition of Helium Energy, the renewable energy division of industrial and services group Hemeretik.
UK - Hipperson joins KKR
Kohlberg Kravis Roberts & CO (KKR) has appointed Simon Hipperson to its infrastructure investment team.
UK - Finance Wales supports £850,000 Leema Acoustics financing
Finance Wales has participated in an ТЃ850,000 second round of funding for Leema Acoustics, an audio equipment design and manufacturing company, providing a combined debt and equity package in exchange for a minority stake in the business.
UK - Report suggests increase in bolt-on acquisitions
A survey conducted by BDO Stoy Hayward has found that private equity firms are expecting to complete more bolt-on acquisitions for exiting portfolio businesses in the coming months as the ongoing economic difficulties reduce company valuations.
CEE - Figures reveal strong investment growth
According to reports, figures released by MKME, the Hungarian venture capital association, reveal strong growth in private equity activity in the CEE region, with the total value of investments more than doubling from EUR 1.2bn in 2006 to EUR 3.1bn in...
SPAIN - Merrill and Mercapital make offer for Vital Dent
Merrill Lynch and Mercapital are reported to have made a EUR 500m joint-bid to acquire dental services provider Vital Dent. PAI Partners, Permira and 3i are also thought to be interested in making an offer for the business.
UK - YFM backs Braham & Murray
The South West Ventures Fund, managed by YFM Group, has invested an undisclosed sum in hemp seed oils and dressings supplier Braham & Murray.
FRANCE - CAPE and Avenir support Coiff'idis
Crédit Agricole Private Equity (CAPE) and Avenir Entreprises have made an undisclosed investment into Coiff’idis, a provider of hairdressing products, alongside the company’s management.
DENMARK - Vækstfonden invests DKK 10m into Universal Robots
Vækstfonden, together with return investor Syddansk Innovation and management, has injected DKK 10m into Universal Robots, a Danish developer of flexible, low-cost robot arms.
GERMANY - BayernLB looking for investors
According to reports, German state-owned bank BayernLB is looking to sell a stake of up to 24.9% as part of a capital increase.
UK - Meritage Funds leads USD 22m Miniweb investment
US-based Meritage Funds has lead a USD 22m funding round for advertising company Miniweb, alongside DeGeorge Holdings III.
RUSSIA - Aurora Russia appoints new chairman
Aurora Russia has appointed Dan Collinson Koch as its new chairman.
GERMANY - HSH Nordbank to reduce credit investment portfolio
HSH Nordbank, in which JC Flowers holds a 26.6% stake, has announced plans to dispose of its leasing business and leveraged buy-out operations outside Germany in order to boost profitability.
NETHERLANDS - AAC-backed Baarsma acquires Armit
AAC Capital portfolio company Baarsma Wine Group Holding, a wine distribution company, has acquired UK-based rival Armit.
ITALY - Cape invests EUR 10m into Fratelli Zappalà
Cape has invested EUR 10m in dairy firm Fratelli Zappalà, taking a significant minority stake in the business. The transaction was carried out via three of Cape’s funds, including Cape Regione Siciliana.
GLOBAL - Lehman Brothers restructures management team
Lehman Brothers is restructuring its management team, appointing Eric Felder and Hyung Soon Lee as global co-heads of fixed income to replace Andrew Morton, who is leaving the firm after just seven months in the position.
SPAIN - Hutton Collins-backed Futura resumes operations
Report suggest that Spanish charter carrier Futura International Airways, which is backed by Hutton Collins, has resumed flights after seeking bankruptcy protection.
CEE - Nexus launches venture fund
According to reports, Croatia-based Nexus Private Equity Partneri has launched a new venture fund, Nexus Alpha.
UK - Lucite receives USD 2bn offers
Charterhouse Capital Partners-backed Lucite International, a manufacturer of acrylic products, has received two offers worth around USD 2bn from Japan and Saudi Arabia.
FRANCE - Inserm Transfert et al invest EUR 800,000 into DNA Therapeutics
A syndicate of investors comprising Inserm Transfert Initiative, G1J Ile de France, Blue Medical Investment and a group of international business angels have invested EUR 800,000 in DNA Therapeutics, a developer of innovative medicines in oncology, in...
SWEDEN - Herkules acquires Gothia division for NOK 910m
Herkules Capital has acquired the administrative and financial services division of Gothia Financial Group ASA for NOK 910m from a consortium of investors.