News
GLOBAL - Buying from private owners most lucrative
Private equity firms make the most impact on buyouts they source from private owners, rather than those of formerly listed companies, though both outperform companies that are not backed by private equity at all, according to a report from Ernst & Young....
SWEDEN - EQT Opportunity acquires Granngården
EQT Opportunity has acquired Granngården, a Swedish retail chain, from Lantmännen, a group owned by 42,000 Swedish farmers, for an undisclosed sum.
GERMANY – Consortium invests EUR 85m in Sulphurcell
Intel Capital, Intel's investment organisation, has led an EUR 85m total equity funding round for thin-film solar modules company Sulfurcell, investing EUR 24m. Other institutional investors, including Climate Change Capital Private Equity, AIG, Demeter...
GERMANY - Gilde Buy-Out Fund sells Walter Services Group
Gilde Buy-Out Fund has sold services company Walter Services Group to Odewald & Compagnie and caption for an undisclosed amount. Gilde Buy-Out Fund will reinvest part of the proceeds from the exit.
FRANCE - Eurazeo strengthens team
Luis Marini-Portugal has been appointed to the executive board of Eurazeo.
NETHERLANDS - Waterland restructures JVH Gaming's buyout debt
According to sources, Waterland is in negotiations to restructure the buyout debt of its Dutch gaming portfolio company JVH Gaming, thought to be worth EUR 295m.
SWEDEN - EEP et al close EUR 26m PacketFront financing
Existing stakeholders European Equity Partners (EEP), Amadeus Capital Ltd and TLcom Capital LLP have completed a EUR 26m financing round for PacketFront, a supplier of broadband solutions to City and Greenfield carriers in Europe and the Middle East....
UK - Core Capital and Aberdeen merge
Core Capital, which manages seven VCTs, and Aberdeen Growth Capital, which manages five VCTs as well as a range of other third-party private equity funds, have merged their businesses.
UK - Bowmark generates 63% IRR on sale of travel group
DLJ Merchant Banking Partners has acquired Education and Adventure Travel (EAT), the UK school travel group, from Bowmark Capital for ТЃ100m. Bowmark generated an IRR of 63% and a multiple of 4x on the sale of the business.
FRANCE - Iris backs EUR 4m Alyotech financing
Iris Capital has backed Alyotech, a technology consultancy firm, in a new EUR 4m capital increase alongside existing investors Aurel NextStage, Galiléo, ACE Management, CDC Entreprises and the management. The new financing brings the total raised by the...
SWEDEN - Riverside acquires SPX Air Filtration
The Riverside Company, through its Riverside Europe Fund III (REF III), has acquired the Swedish based SPX Air Filtration for an undisclosed sum. A senior debt package was provided by Kaupthing Bank, while Eqvitec supplied a mezzanine tranche to support...
FINLAND - Consortiums invest EUR 7.5m into Xtract
A consortium of investors, comprising Creandum, ETF III, advised by Eqvitec Partners, and InnovationsKapital, have invested EUR 7.5m in a series-B funding round for Xtract, a social advertising company.
SPAIN - Private equity investment drops 41%
According to the latest data released by ASCRI, the first semester of 2008 registered a 41% year-on-year drop in total private equity transaction value in Spain, dropping to EUR 1.19bn and falling below the EUR 1.23bn invested in the first semester of...
GERMANY - Waterland Private Equity acquires GolfRange
Waterland Private Equity Investments has acquired a majority stake in golf company GolfRange for an undisclosed sum.
ITALY - Private equity offers too low for Cavalli
According to reports, the offers presented for fashion house Cavalli by Candover, Lion Capital, Carlyle and Texas Pacific did not match the vendor's expectations and the sale has subsequently fallen through.
ITALY - Bridgepoint acquires perfumeries
Bridgepoint has acquired two perfumeries, Linea Bellezza and Beauty Star, in a management buyout deal.
UK - Doughty Hanson completes 20:20 refinancing
Doughty Hanson has completed a refinancing of mobile phone distributor 20:20 Mobile Group.
NORWAY - Borea sells Scandinavian Electric Holding for NOK 430m
Borea Opportunity II has sold its stake in marine propulsion system supplier Scandinavian Electric Holding to Rolls-Royce in a deal valued at NOK 430m.
GERMANY – Augur acquires Veritas
Augur Capital has, via Augur Financial Opportunity SICAV, acquired financial services provider Veritas SG Investment Trust GmbH from French online financial services company Boursorama SA, a subsidiary of Société Générale-Group, for an undisclosed amount....
UK - Laxey Partners acquires TDG in £203m deal
Laxey Partners has agreed to buy the remaining shares it does not already own of transportation company TDG Plc in a ТЃ203m deal.
GERMANY – Consortium joins third nugg funding round
New investors European Funders Funds and VC Fonds Technologie Berlin joined for a third round of funding for nugg.ad AG, a provider of predictive behavioral targeting solutions to advertising agencies, alongside incumbent investors bmp Media Investors...
SWITZERLAND – ECM acquires stake in KADI AG
Equity Capital Management (ECM) has, together with the management, acquired Swiss convenience food producer KADI AG from its sole previous owner. No financial details were disclosed.
FRANCE - Turenne backs Mediastay acquisition of Lucky Surf
Turenne Capital, through Turenne Investissement and Hexagone Croissance 1, has backed portfolio gaming company Mediastay’s acquisition of US competitor Lucky Surf.
ITALY -Two private equity offers for MPS Asset Management
Market rumour suggests that MPS has received two different valuation offers for its asset management business from private equity firms Clessidra and Investitori Associati.