News
UK – HgCapital bolsters renewables team
HgCapital has appointed Luigi Pettinicchio and Luis Quiroga to its Renewables team, bringing the total number of energy infrastructure specialists to seven.
GERMANY - SHS and KfW support AMW
SHS Gesellschaft für Beteiligungsmanagement and KfW have made an undislosed investment into pharmaceuticals manufacturer Arzneimittelwerke Warngau (AMW) within the framework of a capital increase.
FINLAND - Pohjola Group appoints new CFO
Jouko Pölönen has been appointed CFO of Pohjola Group, as Ilkka Salonen leaves to join another company.
IRELAND - Irish banks attract private equity
According to reports, a consortium of private equity firms comprising Irish investment company Cardinal Asset Management, JC Flowers, the Carlyle Group and Middle Eastern sovereign wealth funds, is in due diligence to acquire a 60% stake in Bank of Ireland.
SPAIN - KKR interested in Telvent
According to reports, US private equity group KKR is contemplating a takeover bid for Abengoa's Nasdaq-listed technology unit Telvent GIT.
ITALY - Sator interested in Belstaff
Reports suggest that Sator could carry out a capital increase in Clothing Company, the holding company of the Belstraff clothing brand.
ITALY - Alcedo closes third fund on EUR 178m
Alcedo has held a final closing of its third fund, Alcedo III, on EUR 178m.
GERMANY - Climate Change backs Power Plus with EUR 10m
Climate Change Capital Private Equity has invested EUR 10m into telecommunications business Power Plus Communications AG.
GERMANY - Partech leads Private Sale investment
Partech International has led a funding round, believed to be worth in excess of EUR 10m, for online retailer Private Sale GmbH, alongside existing investors Mangrove Capital Partners and Holtzbrinck Ventures.
ITALY - Market remains optimistic
Speaking at the second annual unquote" Private Equity Congress in Milan today, PricewaterhouseCoopers partner Mara Caverni emphasised the cautious optimism that is currently prevailing in the Italian market, a stark contrast the trend being seen across...
FINLAND - Sentica holds first close on EUR 50m
Sentica Partners has held a first close of its third buyout fund on EUR 50m.
UK - Mixed response to pre-budget report
There was a mixed response from the private equity community to yesterday's pre-budget report, with praise for initiatives to boost the competitiveness of SMEs and concern expressed over potential future tax rises for high-earners.
UK/FRANCE - Apax sued over profit split
Apax Partners co-founder Maurice Tchenio is sueing the firm in a dispute over how profits and fees were split on deals in Europe since 2001.
GERMANY - HTGF and Bayern Kapital back EUR 600,000 iso-fast funding
High-Tech Gründerfonds (HTGF) and Bayern Kapital have agreed to jointly invest EUR 600,000 into iso-fast GmbH, which has developed a new system to insulate residential buildings.
UK - Spirit opens in London
Spirit Capital (formerly Aberdeen Asset Management) has opened a new office in London's Threadneedle Street, which will be headed up by managing partner Francesco Santinon.
FRANCE - 123Venture acquires JP Gruhier
123Venture has completed a secondary management buyout of sofa-bed producer JP Gruhier from the founders and previous investors Ciclad and IDI for an undisclosed sum.
UK - NES supports waste management plant
The New Earth Solutions Recycling Facilities Investment Fund has provided financing to support the launch of a waste management plant at Blaise Farm Quarry.
FRANCE - Jamplant buys Kelkoo from Yahoo
Newly established UK-based private equity firm Jamplant has acquired price comparison website Kelkoo from Yahoo!.
FRANCE - CAPE backs EUR 2m Weole funding
Crédit Agricole Private Equity (CAPE), via its FCPR Capenergie fund, has invested EUR 1m as part of a EUR 2m funding round for Weole Energy, a producer of small- to medium-capacity wind turbines, alongside alternative energy supplier Direct Energie.
SWEDEN - Ratos acquires remaining MCC shares for SEK 210m
Ratos has acquired the remaining 40% of MCC, a supplier of climate comfort systems for buses, off-road and speciality vehicles, from founder Gunner Mannerheim for SEK 210m.
ITALY - BC et al. consider Seat restructure
Market rumour suggests that the backers of Seat Pagine Gialle, BC Partners, CVC Capital Partners, Investitori Associati and Permira Advisers, are considering a EUR 250m capital expansion as part of a debt restructuring for the business.
SPAIN - Arcano invests EUR 20m into Contratas La Mancha
Arcano has invested EUR 20m into real estate developer Contratas La Mancha, taking a 44% stake in the business.
UK - NVM yields 2.6x money from Stainton sale
NVM Private Equity has sold street lighting columns manufacturer Stainton Metal Company Ltd to Valmont Industries, a NYSE-listed group whose manufacturing activities include lighting and traffic poles, for an undisclosed sum, generating an initial return...
UK - SEP invests £5m into Cmed
Scottish Equity Partners (SEP) has invested £5m into clinical research data firm Cmed Group.