News
UK - Reservoir Group acquires Extreme Machining
SCF-backed Reservoir Group has acquired Australia-based drilling tools maker Extreme Machining for an undisclosed sum.
NORWAY - Energy Ventures invests NOK 45m into Energreen
Energy Ventures has injected NOK 45m into Energreen, a developer of clean energy from pressure drop in fluid process systems.
UK - CVC creates global finanical institutions sector team
CVC has established a global finanical institutions sector team with effect from 1 September 2008.
FRANCE - Newfund holds first close on EUR 63m
Newfund Management, the new private equity company created in 2007 by Francois Véron, has held the first close of its maiden fund, Newfund 1, on EUR 63m. Newfund 1 is expected to gather EUR 80m with a hard cap of EUR 100m.
NORWAY - Incitia Ventures et al invest NOK 25m into ASD
Incitia Ventures has, together with existing investor Proventure Seed, injected NOK 25m into Arctic Silicon Devices (ASD), a fables semiconductor company specialising in high performance low-power-dissipation mixed signal processing.
FINLAND - FII makes three appointments
The government-owned investment company, Finnish Industry Investment (FII), has made three appointments.
UK - Duke Street to pay for pension deficit
Duke Street Capital has been forced by the Pensions Regulator to inject ТЃ8m into the defined benefit scheme of retailer Focus DIY over a year after the private equity firm sold the business to Ceberus Capital Management.
FRANCE – Truffle supports EUR 1m Photon investment
Truffle Capital and EDF-Energies Nouvelles have invested EUR 1m into Photon Technologies, a solar installation company.
GERMANY - Seventure leads EUR 5m funding round for conject AG
Lead investor Seventure and existing investor Earlybird have injected EUR 5m in software company conject AG.
UK - Hotbed invests £2.1m into Gymbox
Hotbed has supported fitness club Gymbox with a follow-on investment of ТЃ2.1m.
UK - LDC hires director
LDC has hired Steven Gray as director in its new Aberdeen office.
UK/US - Summit hires four vice presidents
Summit Partners has hired four new vice presidents for its Boston and London offices.
GERMANY - CMP divests Lloyd Dynamowerke
Capital Management Partners has divested its majority shareholding in electrical and drive system manufacturer Lloyd Dynamowerke to Kirloskar Electric Company Ltd, a sector player operating in the Indian and Asian markets.
NETHERLANDS - Egeria sells Royal van Lent to LVMH
Egeria has sold its stake in Royal van Lent, a designer and builder of luxury custom yachts, to luxury product group LVMH Moet Hennessy.
FINLAND - Ratos completes SEK 473m refinancing of GS-Hydro
Ratos has completed a SEK 473m recapitalisation of portfolio company GS-Hydro, a supplier of non-welded piping systems.
BELGIUM - 3i sells Electrawinds
3i has sold its minority stake in renewable energy company Electrawinds to the founding majority shareholders.
TURKEY – Abraaj acquires 50% of Numarine
Abraaj Capital has acquired a 50% stake in Turkish luxury-yacht manufacturer Numarine.
ITALY - Change Capital to sell Jil Sander for EUR 167m
Change Capital Partners has agreed to sell fashion brand Jill Sander Group to Tokyo-listed apparel group Onward Holdings Co Ltd and its European subsidiary, GIBO Co SpA for EUR 167m.
GERMANY – Cerberus sells Peguform to Polytec
Cerberus Capital Management has sold auto parts manufacturer Peguform Group to Austrian strategic investor Polytec Holding AG for an undisclosed amount.
SWEDEN - Scope invests SEK 30m into SafeTool
Scope has invested SEK 30m into SafeTool, a supplier of technological solutions for facilities management on construction sites.
SWEDEN - Ratos-owned MCC acquires ACME
Ratos-backed Mobile Climate Control (MCC), a developer of climate comfort systems for specialty vehicles, has acquired the operations of US-based ACME Radiator and Air Conditioning in a deal valued at around SEK 200m, with a possible earn-out payment...
UK - LDC acquires Leasedrive Velo from Lyceum for £80m
LDC has acquired vehicle management group Leasedrive Velo in an ТЃ80m secondary buyout from Lyceum Capital.
UK - Charterhouse considers Lucite sale
Reports suggest that Charterhouse Development Capital is considering a sale of Lucite International, a manufacturer of acrylic-based products, which is thought to have an enterprise value of ТЃ1.3bn (USD 2.5bn).
UK - August completes £37m SBO of Accura Support Services
August Private Equity has backed the ТЃ37m secondary buyout of support services company Accura Support Services Ltd from Barclays Ventures.