News
SPAIN - Axón launches ITC fund
Axón Capital has launched its second fund, Fondo Axon II CM-TMT, with EUR 15m in capital committed.
CEE - Apax in talks with NLB
Reports suggest that Apax Partners has entered exclusive talks regarding the purchase of the 30.6% stake in Nova Ljubljanska Banca (NLB), Slovenia's largest bank, currently held by Belgium's KBC after Blackstone pulled out of the EUR 900m auction.
NORWAY - FRC and DOF bid for DOF Subsea could fall through
Norwegian Shipping Group DOF ASA's joint bid with First Reserve Corporation (FRC) for subsea services contractor DOF Subsea is likely to fall through due a disagreement on price, reports suggest.
UK - BC Partners calls on Rothschild
BC Partners has brought in NM Rothschild to help it restructure the debt of portfolio company Foxtons, an estate agency.
IRELAND - Delta invests EUR 2.5m into Luzern Solutions
Delta Partners has invested EUR 2.5m into e-commerce platform Luzern Solutions Ltd.
GLOBAL - First Reserve to invest in nuclear venture
According to reports, US group First Reserve, which specialises in the energy sector, will reveal plans later this week for an investment worth hundreds of millions of dollars into Accord Nuclear Resources, a nuclear fuel venture headed by two uranium...
BELGIUM - Carlyle- and Kennet-backed FRSGlobal completes acquisition
The Carlyle Group and Kennet Partners have supported portfolio company FRSGlobal, a provider of global risk and regulatory compliance reporting solutions, in its acquisition of Swiss risk management business IRIS integrated risk management solutions AG....
UK - TPG walks away from Paragon
TPG has walked away from a potential investment in troubled buy-to-let mortgage lender Paragon, with reports claiming that the investor did not foresee enough incentives to go through with a deal. The news comes following the investor's decision in recent...
UK - Cavendish hires new partner
Cavendish Capital Advisors has hired Simon Ramery as partner.
UK - YFM invests in Mobile Safety Solutions
YFM Group, through its Yorkshire & Humber Equity Fund, has invested an undisclosed sum in mobile technology software business Mobile Safety Solutions.
EUROPE - SL Capital reaches fourth closing on EUR 520m
SL Capital Partners has reached the fourth closing of its European Strategic Partners 2008 (ESP 2008) fund-of-funds on EUR 520m.
SWEDEN - Bure divests Textilia for EUR 201m
Bure Equity has sold Textilia, a washing and textile services provider, to Litorina Kapital for SEK 201m.
FRANCE - Abénex Capital and Ixen purchase Buffalo Grill
Abénex Capital and Ixen have completed a secondary buyout of restaurant chain Buffalo Grill from Colony Capital and Eurazeo.
FRANCE - PIPE deals up 100%
With market valuations down buyout houses in France are increasingly targeting investments in public companies. France has already seen 11 pipe deals completed so far this year; more than twice the five deals recorded in 2007.
GLOBAL - Private equity drawn to distressed debt
Reports suggest that private equity firms with large pots of capital from recent fundraising efforts are taking advantage of the current market conditions by acquiring increasing amounts of distressed debt from banks.
UK - YFM invests £250,000 into MyKnowledgeMap
YFM, through its Yorkshire & Humber Equity Fund (YHEF), has invested ТЃ250,000 in e-learning company MyKnowledgeMap.
IRELAND - Cinven withdraws Elan offer
Cinven has reportedly dropped out of the auction to acquire Elan Drug Technologies (EDT), the drug delivery unit of biotechnology company Elan Corp Plc.
UK - Close Brothers appoints in Manchester
Corporate finance house Close Brothers has appointed Dan Sheahan as director to its newly established Manchester office.
NORDIC - Altor closes third fund on EUR 2bn
Altor has held a final close of its third fund, Altor Fund III, on EUR 2bn.
SWEDEN - AAC backs Helo acquisition of Tylö Group
AAC Capital has backed portfolio company Helo Group Oy in its acquisition of sauna company Tylö Group from the Janson family for an undisclosed sum.
GERMANY - ATS acquires GANYMED
ATS Beteiligungsverwaltung GmbH has acquired a majority stake in GANYMED Pharmaceuticals AG by purchasing shares held by Ingro Finanz, KfW, Landesbank Baden-Wuerttemberg (LBBW), Nextech Venture, Varuma, VI Partners, WFT and a number of private investors...
NETHERLANDS - Waterland re-acquires JVH Gaming
Waterland has re-acquired troubled Dutch gaming machines operator JVH Gaming.
UK - BankInvest leads £6.3m F2G funding
Danish venture capital firm BankInvest Biomedical Venture has led a ТЃ6.3m investment into F2G Limited, an antifungal drug discovery and development company, in a fifth financing round. Merifin Capital, Astellas Venture Management and K Nominees also...
GERMANY - Lone Star agrees to buy IKB
Lone Star has agreed to acquire a 90.8% stake in IKB Deutsche Industriebank, the bank which collapsed as a result of the subprime mortgage crisis, from state-owned KfW Group for an undisclosed amount.