News
ITALY - PAI-backed Coin acquires Melablu for EUR 26m
PAI-backed clothing manufacturer Coin has acquired Tre.Bi, owner of the Melablu brand, in a deal valued at EUR 25.5m.
EUROPE - Credit Suisse sets up restructuring advisory division
It is understood that Credit Suisse has established a new division to provide restructuring advice to companies and private equity firms in Europe, the Middle East and Africa (EMEA).
UK - Intel leads $ 11m Tribold funding
Intel Capital has led an $11m funding round for management software provider Tribold, alongside existing backers DFJ Esprit and Eden Ventures.
UK - AFM supports £4m buyout of ISP
Alliance Fund Managers (AFM), through the MSIF Venture Fund, has invested £1.1m to support the £4m management buyout of International Safety Products (ISP), a manufacturer of inflatable marine lifejackets.
UK - RJD promotes three
RJD Partners has promoted Alex Hay and Frank Bulman to investment director and Jill Williams to investment manager.
UK - Investec-backed Telinet acquires Ipitomi
Investec Growth & Acquisition Finance has provided portfolio company Telient, an integrated communications and technology group, with a combined senior debt and mezzanine package to support the acquisition of ICT solutions provider Ipiomi.
ITALY - Sici backs Conte of Florence
Sviluppo Imprese Centro Italia (Sici), via its Centroinvest fund, has invested EUR 3m as part of a EUR 5m investment into sportsware manufacturer Conte of Florence, with the Boretti family, the founding owners of the firm, contributing the remaining EUR...
UK - Private equity considered attractive succession solution
A new report conducted by Barclays Commercial Bank and the Institute of Directors has found that 21% of UK business owners and senior managers consider private equity to offer the best succession solution.
UK - AFM announces conclusion of MSIF Funds
Alliance Fund Managers (AFM) has announced a record year for investments in 2008 and the successful conclusion of its MSIF funds.
UK - AFM backs Hi-Craft acquisition
Alliance Fund Managers (AFM), through the MSIF Mezzanine Fund, has provided a mezzanine loan of £250,000 to support the management buyout of pet accessories manufacturer Petlife Ventures, which trades as Hi-Craft.
UK - Oxford and Pi announce partnership
Oxford Capital and Pi Capital have announced the formation of a strategic partnership.
NETHERLANDS - PE interested in Essent
Market rumour suggests that private equity firms such as CVC and KKR have shown interest in acquiring Dutch waste management company Essent Waste, which has been put up for sale by its parent company.
SPAIN - ProA shortlisted for Acciona parking business
According to reports, ProA Capital is one of four bidders shortlisted in the ongoing sales process for Acciona's parking business.
NETHERLANDS - Rabobank invests $5.4m into eFresh
Rabobank has made a $5.4m investment into Netherlands-based fresh industry portal eFresh.
SWEDEN - Candover appoints senior adviser for the Nordic region
Candover has appointed Fredrik Arp, former CEO of Volvo, as senior adviser with a particular focus on the Nordic region.
UK - GMG confirms strong conformity with Walker guidelines
The Guidelines Monitoring Group (GMG), established in March 2008 to provide oversight on the Walker disclosure guidlines relating to portfolio companies, has published its first review, which found that the majority of the 30 portfolio companies reviewed...
UK - Braveheart and Scottish Enterprise back £1.2m Tayside investment
Braveheart Investment Group and Scottish Enterprise have participated in a £1.2m funding round for biotechnology company Tayside Flow Technologies, alongside Quayle Munro Holdings and Sir Tom Farmer and a debt investment from Royal Bank of Scotland.
SPAIN - Prince acquires Image
According to reports, Prince Capital Partners has acquired corporate communications firm Image Group alongside two of the firm's managers, Victor Sanchez de Real and Enrique Pascual.
UK - CVC appoints senior adviser
International buyout house CVC Capital Partners has appointed Larry Klane as senior adviser to the firm's global financial institutions team.
UK - BPE-backed Hydrasun acquires ATR
Barclays Private Equity has backed portfolio company Hudrasun, an oil and gas firm, in the acquisition of the hydraulics business of ATR, an oil and gas tool rental company.
IRELAND - Mianach leads EUR 1.25m RevaHealth funding
Existing backer Mianach Venture Capital has led a EUR 1.25m funding round for health clinic search engine RevaHealth.com, alongside Enterprise Ireland.
UK - Rutland promotes two
Rutland Partners has promoted Oliver Jones and David Wingfield to the position of investment director.
CEE – ARX names new team member
CEE-dedicated buyout house ARX Equity Partners has appointed David Marek to the position of partner focusing on the Czech and Slovak markets.
AUSTRIA - Global Equity Partners sells I&T GmbH
Global Equity Partners has sold its stake in automotive components I&T GmbH in a secondary management buyout for an undisclosed sum.