News
RUSSIA/CIS - EBRD to commit USD 50m to TCP Growth III
EBRD is to commit USD 50m to TCP Growth III, a fund launched by Troika with a target of USD 850m.
NORWAY - Norvestor acquires 70% of Wema
Norvestor Equity, through its fund Norvestor V, has acquired 70% of the Wema Group, a supplier of diesel and AdBlue level sensors to the heavy truck industry, for an undisclosed sum. The vendor, the Gismervik family, retains 30% stake in the company....
UK - MML backs buyout of EIC
MML Capital Partners, formerly Mezzanine Management, has led a ТЃ40m buyout of EIC, a provider of mechanical and electrical services to the public and private sectors. The Royal Bank of Scotland provided senior debt for the deal.
ITALY - Private Equity Partners opens India office
Private Equity Partners (PEP) has opened an office in Mumbai to support the international development of portfolio companies.
ITALY - Patrimonium interested in electrical appliances plant
According to reports, UK-based Patrimonium Venture Capital (PVC) is interested in acquiring an Electrolux production plant in Sacandicci in a deal valued at approximately EUR 60m.
UK - QIA looking for new partners for Four Season Healthcare
The Quatari Investment Authority (QIA) is talking to potential new partners about ways to recapitalise troubled nursing home operator Four Seasons Healthcare. Buyout house Blackstone and Infrastructure investor Macquarie are said to be among the firms...
UK - Octopus-backed AVM acquires Matrix Displays
Octopus-backed Audio Visual Machines Ltd (AVM), a supplier of integrated audio visual and video conferencing systems, has acquired audio visual services provider Matrix Display Systems Ltd in an all cash deal for an undisclosed sum.
UK - Pentech to raise £45m fund
Pentech Ventures is believed to be raising a new ТЃ45m fund, to be launched this summer.
UK - Advent appoints partner
Advent Venture Partners has appointed Mike Chalfen as general partner in its technology team.
UK - Nord Anglica to be taken private
The Baring Asia Private Equity Fund IV is taking Nord Anglica, a provider of education, training and guidance, private in a deal that values the company at approximately ТЃ190m.
FRANCE - MBO Partners et al purchase Les Zelles
MBO Partners has completed a buyout of windows installation business Les Zelles, alongside SG Capital Partners, SGAM AI and the management team led by Robert Dollathas.
SPAIN - Bertelsmann in series-C financing for BuyVip.com
Bertelsmann Digital Media Investments (BDMI), the venture investment vehicle of the Bertelsmann Media group, has completed a EUR 10m series-C round of financing for internet multi-brand retailer BuyVip.
GERMANY – Equita acquires Kolbe-Coloco from INVEST EQUITY
Equita GmbH & Co Fonds 3 has acquired marketing services company Kolbe-Coloco Spezialdruck GmbH & Co KG from INVEST EQUITY for an undisclosed sum. INVEST EQUITY acquired the company in 2004.
UK - Entries due next Friday for The British Private Equity Awards
Unquoteт is delighted to announce the fourth annual British Private Equity Awards. Entries are due NEXT FRIDAY (11 July) т please visit www.britishprivateequityawards.com for more information.
UK - Balderton invests in GDCM
Balderton Capital has invested an undisclosed sum in software company Global Datacentre Management (GDCM).
NORWAY - CapMan-backed Curato acquires SRI
CapMan-backed Curato, a medical imaging services company, has acquired 100% of Sentrum Røntgeninstitutt (SRI) for an undisclosed sum.
DENMARK - Ventizz Capital Partners completes EUR 51m SSP acquisition
Ventizz Capital Partners, through Ventizz Capital Fund IV, has acquired a 72.28% stake in SSP Technology A/S, a Danish rotor blade manufacturer, in a deal that values the company at EUR 51m.
UK - Jefferies appoints managing director
Investment bank Jefferies International has appointed Andrew Bracey as managing director for its London office.
ITALY - Private equity firms compete for vending machine business
Market rumour suggests that Barclays Private Equity, Bridgepoint, Warburg Pincus and BC Partners are among the private equity firms shortlisted in the auction for vending machine distributor N&W Global Vending (formerly Zanussi).
SPAIN - Magnum joins bidding for renewable energy assets
According to reports, a month before the closing date for bids, Magnum Capital Industrial Partners has joined the auction for the renewable energy assets of Babcock & Brown in Europe.
UK - TPG pulls out of B&B deal
TPG Capital, which had been planning to invest ТЃ179m into mortgage lender Bradford & Bingley for a 23% stake, has pulled out of the deal after ratings agency Moody's confirmed last night that it intends to drop the banks credit rating, giving the private...
GERMANY – Consortium of investors inject EUR 4m into Revotar
New investor Goodvent GmbH, via IBG Risikokapitalfonds I, has joined historical investors MVC Unternehmensbeteiligungsgesellschaft mbH and Deutsche Life Science GmbH in a EUR 4m financing round for Revotar Biopharmaceuticals AG.
UK - Thule Investments supports Voice Commerce Group
Thule Investments, through its BrУК II Venture Capital Fund, has invested an undisclosed sum in IT company Voice Commerce Group.
NORWAY - Epi-V injects £3.5m in i-Tec
Epi-V has invested £3.5m in i-Tec, an oil services company, for a minority stake.