News
CEE - Ashmore launches fifth global special situations fund
Ashmore has launched its latest emerging markets special situations fund, Ashmore Global Special Situations Fund Five.
CEE - PPF sells ARDAF and RAI
PPF Investments has sold its stakes in Romanian insurance companies ARDAF and RAI to Generali PPF for an undisclosed sum. PPF Investments previously held 72.7% of ARDAF and 99.9% of RAI.
GERMANY - Capital Dynamics opens office in Munich
Private equity asset manager Capital Dynamics has opened an office in Munich, which will be headed up by Dr. Katharina Lichtner, one of the founders of the firm.
RUSSIA - Almaz reaches first closing on USD 60m
Almaz Capital Partners has reached the first closing of its maiden fund, Almaz Capital Russia Fund I, on USD 60m.
FINLAND - Sentica Partners acquires Arme for EUR 25.5m
Sentica Partners has acquired Arme Oy, an industrial insulation company, from Panostaja Oyj in a deal that values the company at EUR 25.5m. The company CEO, Jukka Pyykö, remains a shareholder with a 20% stake.
SPAIN - Carlyle-backed Applus+ acquires testing and inspection group
Carlyle-backed Applus+ has completed the second bolt-on acquisition since the private equity firm acquired the business; US-based non-destructive testing and inspection (NDTI) firm JanX.
ITALY - Private equity interest in Bulgari
Market rumour suggests that Carlyle and Blackstone could be among several private equity firms interested in purchasing Italian fashion accessories house Bulgari.
GERMANY - Wellington Partners invests EUR 11m into GameDuell
Wellington Partners has invested EUR 11m into games website GameDuell.
FRANCE - AXA PE sells Bénédicta to Heinz
AXA Private Equity has agreed to sell condiments producer Bénédicta to H J Heinz Co for an undisclosed sum.
UK - PwC appoints 4 new partners
PricewaterhouseCoopers has promoted two partners internally and hired an additional two to strengthen its strategy group, which helps corporates and private equity investors develop and appraise business plans.
SPAIN - Erkapen launches with EUR 400m fund
Erkapen, which is backed by the Basque and local governments and three Basque savings banks, has launched with a EUR 400m fund to invest in Basque companies.
CEE - RAEF reaps 6.5x returns from sale of Policolor
The Romanian-American Enterprise Fund (RAEF) has sold its 33.23% stake in Romanian paint producer Policolor to existing shareholders Romanian Investment Fund (RIF) and RC2, generating a 20% IRR and 6.5x cash on cash multiple from the investment.
ITALY - Promos chairman launches infrastructure fund
According to reports, a new EUR 700m infrastructure fund has been launched by the chairman of Promos, Bruno Ermolli. The fund will seek to invest in the development of roads, highways and similar infrastructure between Italy and countries south of the...
UK - TPG could walk away from B&B investment
Reports suggest that TPG has the legal right to abandon its ТЃ179m investment in mortgate lender Bradford & Bingley if the banks credit rating drops further.
SWITZERLAND - AXA Private Equity opens Zurich office
AXA Private Equity has opened a new office in Zurich to exploit investment opportunities coming from investors in the Swiss market.
UK - Park Place promotes new partner
Park Place Corporate Finance has promoted James Stones to partner.
UK - Foresight supports Silvigen
Foresight Group has invested ТЃ1.75m in Silvigen Ltd, a producer and supplier of biomass fuels for use in the power industry.
UK - Private equity looking into Informa
A consortium of private equity houses, comprising Providence Equity Partners, Carlyle Group and Hellman & Friedman, has approached specialist business-to-business information provider Informa regarding a potential takeover offer that would value the business...
UK - Beringea invests £1.5m in Chess Technologies
Beringea has invested ТЃ1.5m in defence subsystem supplier Chess Technologies.
SWEDEN - InnovationsKapital injects SEK 30m into Isconova
InnovationsKapital has invested SEK 30m into Isconova, a Swedish biotechnology company, together with a group of private investors.
FINLAND – Pohjola acquires Reima from CapMan
Pohjola Capital Partners has, together with the company’s management, completed a secondary buyout of Reima, a children’s clothes manufacturer, from CapMan and other owners for an undisclosed sum.
UK - LDC invests in Eve Trakway
LDC has invested an undisclosed sum in Eve Trakway, a supplier of temporary pedestrian and vehicle access equipment, such as roadways, footpaths, bridges and crowd control barriers, and ground protection systems which are used in major rail, communications...
SWEDEN – CapMan exits Spintop Netsolutions
CapMan Technology has sold its stake in Spintop Netsolutions, a Swedish IT company, to Atea Sverige AB.
UK - Sun Capital on verge of rescue deal for SCS Upholstery
Sun Capital is close to finalising the rescue takeover of furniture chain SCS Upholstery.