News
UK - AFM backs £1.8m Anaco MBO
Alliance Fund Managers has backed a ТЃ1.8m management buyout of building faУЇade manufacturer Anaco Systems Ltd, providing a ТЃ400,000 mezzanine investment from its MSIF Mezzanine Fund.
SWEDEN - Priveq acquires 70% of Unisport
Priveq Investments has acquired 70% of Unisport Scandinavia, a supplier of artificial flooring and surfaces for sports halls for an undisclosed sum.
UK - Bank of Scotland Corporate backs APA Parafricta
Bank of Scotland Corporateтs Growth Capital team has invested ТЃ115,000 into APA Parafricta Ltd, a developer of low-friction products for the medical sector, as part of a ТЃ230,000 funding round.
BELGIUM - KBC Arkiv invests EUR 500,000 in Dilhome
KBC Arkiv has invested EUR 500,000 in Belgian nursing house Dilhome.
GERMANY/SWITZERLAND – Paine-backed Stabilus acquires LinRot
Paine & Partner portfolio company Stabilus GmbH, a manufacturer of gas springs and hydraulic vibration dampers, has acquired a majority stake in LinRot Holding AG, a developer and manufacturer of linear and rotational drive units.
SPAIN - Cortefiel circled by distressed funds
According to reports, distressed debt funds are seeking to purchase some of the debt held by retailer Cortefiel, owned by Permira, CVC and PAI Partners, which is now trading at 42% of face value.
GERMANY – DPE acquires iloxx AG
Funds advised by DPE Deutsche Private Equity GmbH have, with retroactive effect from 1 January 2008, acquired a majority shareholding of logistics services provider iloxx AG.
UK - Endless acquires Crown Paints
Turnaround specialist Endless has announced the acquisition of paint producer Crown Paints from Dutch company AkzoNobel in a management buyout reported to be worth in the region of ТЃ70m.
SWEDEN - Segulah completes SEK 1.6bn take-private of Gunnebo
Segulah Stellata Holding AB, an investment vehicle managed by Segulah Advisor AB, has received acceptances representing more than 97% of shares and voting rights in Gunnebo Industrier AB for its SEK 1.62bn takeover offer and intends to initiate the compulsory...
GLOBAL - Carlyle's Louis Gerstner to retire
Carlyle Group chairman Louis Gerstner has announced his intention to step down from his post next month after five and a half years at the job.
UK - Bridgepoint appoints general counsel
Travers Smith partner Charles Barter has joined Bridgepoint as general counsel.
GERMANY – Consortium invests EUR 750k in YOUNECT GmbH
IBB Beteiligungsgesellschaft mbH, via VC Fonds Berlin, and Flore Fütterer GmbH, along with a group of business angels and company founders have invested EUR 750k in youth job portal company YOUNECT GmbH.
SWITZERLAND – Permira-backed Dreamliner sells Jet Aviation for CHF 2.45bn
According to reports, Dreamliner Lux, which is owned by Permira, has sold aeronautics service company Jet Aviation to strategic investor General Dynamics for CHF 2.45bn.
GERMANY - Wellington and 3i lead EUR 4.5m EnOcean investment
A consortium of investors co-led by Wellington Partners GmbH and 3i Group Plc has invested EUR 4.5m into EnOcean GmbH, a producer of wireless sensors.
GERMANY - Köglmayr resigns as MD of Leonardo Venture Capital
Professor Dr Hans-Georg Köglmayr, managing director and founder of Leonardo Venture Capital GmbH, has resigned from his post due to health reasons.
DENMARK - Vækstfonden et al inject DKK 6m in i-protect
A consortium of investors led by Danish government-backed investment fund Vækstfonden has invested DKK 6m in i-protect AS, a developer of locking and protection systems for lorry trailers.
SPAIN - 3i acquires Mémora in EUR 330m deal
3i has acquired a 75% stake in funerary business Mémora Inversiones Funerarias from Acciona for EUR 225m, in a deal which values the company at EUR 330m including debt. The transaction, which remains subject to approval by anti-trust authorities, will...
CEE - Candover enters Eastern Europe
Buyout heavyweight Candover has reportedly launched a subsidiary to take advantage of the opportunities in New Europe.
UK/NETHERLANDS - Private equity interest in Reed Elsevier's trade publishing unit
Several private equity firms are thought to be among the 12 bidders that have made it through to the second round of the auction for publisher Reed Elsevier's business magazines unit, which is expected to fetch between ТЃ1bn and ТЃ1.25bn.
FRANCE - Noble Ventures invests EUR 7m into Ipanema
Noble Ventures has invested EUR 7m into traffic management systems provider Ipanema Technologies.
UK - Sovereign hires investment executive
Sovereign Capital has appointed Sarah Pratt as a researcher to its investment team.
UK - Woolworths rejects Baugur
Retail chain Woolworths has rejected an offer by Baugur, which holds 10% of the group's shares, to break up the group and acquire its stores.
FRANCE - Sagard cedes CEPL for EUR 500m
Sagard has signed a definitive agreement to divest portfolio logistics company Compagnie Européenne de Prestations Logistiques (CEPL) to Arcapita, a Bahrain-based investment firm, in a secondary buyout valued at around EUR 500m.
SWEDEN – AP Fund et al in USD 13m funding round for Xelerated
The Sixth Swedish National Pension Fund (the Sixth AP Fund) has led a USD 13m funding round for ASSP-based chipsets company Xelerated alongside existing investors Accel Partners, Alta Partners, Amadeus Capital Partners and Atlas Ventures.