News
UK - BVCA report reveals impressive 2007 for UK private equity
The BVCA today released its report on investment activity in 2007, which revealed an increase of more than a third in terms of total investment by UK private equity firms and a substantial rise in cross border transactions.
FRANCE - TechFund leads EUR 5m investment into Miyowa
TechFund Europe, alongside Crédit Agricole Private Equity, has invested EUR 5m into software company Miyowa in a second round of financing. Venture capital firms Techfund and Sophia Euro have both previously supported the company with EUR 1.5m, taking...
GERMANY - White & Case boosts Hamburg team
White & Case has hired Dr Markus Althoff to boost the M&A/corporate team based in its Hamburg office.
FRANCE - AXA PE portfolio company acquires Dylon
AXA Private Equity portfolio company Spotless group has acquired UK-based company Dylon international limited.
RUSSIA - A1 et al sell Vladpivo
Alfa Group's private equity arm A1, Detroit Investments and the International Finance Corporation (IFC) have sold Russian brewer Vladpivo to SAB Miller for an undisclosed sum.
FRANCE - AGF PE continues to back Yoono
AGF Private Equity has returned for a EUR 4m round of financing for Yoono, a software developer. Previously AGF Private Equity had invested EUR 1.7m in first round of funding in 2006.
GERMANY - Salans to open in Frankfurt
Salans will open a German office in Frankfurt on 1 July 2008. The team of eight is headed by partners Dr Matthias Haas and Holger Scheer.
SWEDEN - Atle Industri sells Nordhydraulic
Atle Industri, which is 50% owned by 3i and Ratos, has sold Nordhydralic, a hydraulic business, to German company Hydac for an undisclosed sum. The deal generates an exit gain of approximately SEK 100m for both Ratos and 3i.
FRANCE - Abénex Capital strengthens team
Jérome Vandermarcq has joined Abénex Capital as manager.
NETHERLANDS - AIG divests InterGen in USD 1.1bn sale
AIG Highstar Capital II has sold its 50% stake in InterGen, a power generation company, to Indian infrastructure company GMR for approximately USD 1.1bn.
UK - SEP joins £6.5m Fotech funding round
Scottish Equity Partners, US firm Energy Ventures and Saudi Arabian investor Shoaibi Group have backed energy technology company Fotech group with a ТЃ6.5m investment.
GERMANY - Uwe Steininger to join Beiten Burkhardt
Beiten Burkhardt has hired former Hogan & Hartson partner Uwe Steininger to boost its Munich office.
CEE: emerged, but still enticing
Returns in Central and Eastern Europe (CEE) will no longer be as attractive as they have been in the last few years, though the region will continue to offer a superior risk/reward profile for investors – this was the message sent at the unquote” CEE...
UK - Phoenix completes £95.6m acquisition of Ashtead unit
Phoenix Equity Partners has backed the ТЃ95.6m buyout ofТ Ashtead Technology Rentals, provider of rental equipment to the offshore oil and gas sector and the environmental monitoring and testing industry, from Ashtead Plc.Т Т
AUSTRIA - PONTIS Venture Partners invests in Xendex
PONTIS Venture Partners, alongside a consortium of business angels, has participated in a EUR 2.3m first funding round for mobile games company Xendex.
ITALY - Candover-backed Ferretti prepares flotation
According to reports, Candover-backed yatch manufacturer Ferretti has presented the Consob, the first of three documents necessary to proceed with the company’s flotation on the Mta.
SPAIN - Ibersuizas acquires 50% stake in truck distributor
Ibersuizas has acquired a 50% holding in Veinsur, the main distributor of Volvo trucks, thus strengthening its position in the automotive sector. Following the acquisition, the Carrión family will retain the remaining 50% and will continue managing the...
SWEDEN - TranSiC closes SEK 24m funding round
Industrifonden, STING Capital, Volvo Technology Transfer and Midroc New Technology have participated in a SEK 24m financing round for cleantech business TranSiC. Industrifonden committed SEK 13m to the round.
NORWAY - Norvestor makes promotion
Henning Vold has been promoted to the position of partner at Norvestor Equity.
UK - Aberdeen and Core join forces
Aberdeen Asset Managers Growth Capital and VCT manager Core Capital have agreed to a tie-up that will see the two teams working together on a formalised basis.
GERMANY - KTB leads fourth funding round for MergeOptics
KTB Technologie Beteiligungsgesellschaft has led a EUR 5.3m fourth financing round for fibre optics business MergeOptics GmbH, alongside existing investors Earlybird, Target Partners and DVC.
GERMANY - CornerstoneCapital AG acquires Stanniolfabrik Eppstein
CornerstoneCapital has acquired a majority stake in technical metal foils producer Stanniolfabrik Eppstein from JL Goslar Group for an undisclosed amount, alongside co-investors including Columbus Investment AG and company CEO Dirk Mälzer.
SPAIN - Impala reaches interim closing
Impala has reached the interim closing of its second fund on EUR 150m and is expected to reach EUR 300m by June 2009.
SPAIN - Santander, RBS and DIF Renewable Energy form joint venture
Santander, RBS and Dutch infrastructure fund DIF Renewable Energy have formed SolarCap Partners, a new joint venture aimed at establishing new solar energy projects in Greece, Italy and Spain.