News
CEE - Alnair acquires 8% stake in Kazkommertsbank
Alnair Capital has acquired an 8.03% stake in Kazkommertsbank, Kazakhstan’s largest bank, and is planning to raise this to more than 25%.
GERMANY - Hannover Finanz acquires Giesserei Industrie Holding Isselburg
HANNOVER Finanz has acquired a 70% stake in foundry Giesserei Industrie Holding Isselburg GmbH for an undisclosed amount, with the management continuing to hold the balance of the equity.
SPAIN - SI Capital appoints new chairman
Spanish cleantech fund manager SI Capital has appointed Guillermo Briones as chairman.
SWITZERLAND - Doughty Hanson Technology Ventures sells Plazes AG
Doughty Hanson Technology Ventures has sold its stake in mobile social navigation startup Plazes AG to Nokia for an undisclosed amount. Plazes had raised VC funding from Doughty Hanson Technology Ventures as well as Esther Dyson, Marc Andreessen and Martin...
UK - Expro shareholders put Candover deal in doubt
The high court has adjourned a hearing to approve the ТЃ1.81bn takeover offer for listed oil services company Expro from a Candover-led private equity consortium following a dramatic intervention by several of the firm's institutional investors and US...
NETHERLANDS - AAC and ACP sell Sdu Identification
AAC Capital Partners and ACP have sold Dutch publisher Sdu Identification to Safran for an undisclosed sum. Sdu Identification is one of the two businesses of Sdu, which the two investors acquired in 2007.
NETHERLANDS - Madinvest et al divest Arcomet
Madinvest, NPM, GIMV and Sofinim have sold their holdings in crane company Arcomet to the management, including the CEO, who already holds 60%. Sofina and LPFI provided a mezzanine debt package to support the acquisition.
BELGIUM - GIMV doubles stake in Scana Noliko
GIMV has doubled its stake from 46.3% to 92.6% in Scana Noliko, a Belgium producer of preserved food, taking over the stake of LRM, which invested in the company in 2000. GIMV originally acquired backed Scana Noliko in 2004.
FRANCE - XAnge leads EUR 3.1m investment in Luneau Technology
XAnge has led a EUR 3.1m third round of financing for Luneau Technology, a company that specialises in the development of ophthalmic technologies. The private equity house invested EUR 2.5m via its fund XPansion, with the balance being provided by Califfe...
FRANCE - PAI increases share in Atos Origin to 18%
PAI partners has acquired a 17.9% stake in computer services company Atos Origin, becoming the largest single shareholder ahead of active investors Pardus and Centaurus Capital, which collectively own 23%. PAI purchased around 5 million shares at a price...
SWITZERLAND - Aescap backs second closing of CHF 32m Vivendy funding round
Aescap Venture has joined the existing investor base consisting of BioMedInvest, LSP Life Science Partners and TVM Capital in a second closing of a CHF 32m series-A financing round for Vivendy Therapeutics.
UK - Sole joins Quinn Partnership
Management due diligence firm The Quinn Partnership has recruited former Scotland rugby union captain David Sole.
BELGIUM - 3i sells ABX LOGISTICS for EUR 750m
3i has sold ABX LOGISTICS Worldwide to DSV, the Nordic region's biggest trucking company, for EUR 750m. In March 2005, 3i acquired a majority stake in ABX from Belgium's national railway company, SNCB Holding.
EUROPE - EVCA publishes study on global scenario for private equity
A new report by the EVCA, Global Scenarios for Private Equity and Venture Capital, presents four potential scenarios for global economic development over the coming decade and the impact these will have on the development of the private equity industry....
ITALY - MPS Venture et al acquire Dynamic Technologies
A syndicate comprising MPS Venture, through MPS Venture 2, Palladio Finanziaria (Venice Spa), Friulia and Abacus Invest have acquired Dynamic Technologies from Absolute Venture and MPS Venture 1.
ITALY - Magenta sells Cifa to Zoomlion
Now liquidated private equity firm Magenta has sold its only portfolio company to a consortium comprising Chinese heavy machinery firm Zoomlion, Goldman Sachs Private Equity, Mandarin Capital Partners and Hony Capital, in a EUR 500m deal.
SPAIN - MCH reaches first closing at EUR 225m
MCH has announced the closing of its third fund, MCH Iberian Capital Fund III, with EUR 225m in commitments, four months after it began fundraising.
ITALY - 3i invests EUR 118m in AP Bags
3i has signed an agreement to invest EUR 118m for a 49% stake in the handbags and accessories division of Antichi Pellettieri Spa, the Italian branded leather accessories subsidiary of Mariella Burani Fashion Group. The deal will see the division spun...
AUSTRIA - Buy_Out CE II acquires Chemson Polymer-Additive
Buy_Out Central Europe II Beteiligungs-Invest AG has acquired Chemson Polymer-Additive AG, a manufacturer of polymer additives that are used during production of PVC, for an undisclosed amount.
UK - 3i acquires Uponor infrastructure unit in £100m deal
3i has acquired Finland-based Uponor Corporation's UK infrastructure unit in a buyout that values the company at ТЃ100m.
UK - YFM supports £1.1m Gnodal funding
YFM Group managed South West Ventures Fund has supported Gnodal, a data technology developer, alongside NESTA and private investor Adrian Beecroft in a ТЃ1.1m funding round.
EUROPE - Jonathan Russell appointed new EVCA chairman
The board of the EVCA has elected Jonathan Russell, managing partner of buyouts at 3i, as its new chairman for the year 2008-2009.
SWEDEN - InnKap and Investor sell Amic to Johnson & Johnson
InnovationsKapital and Investor Growth Capital have sold their stakes in Amic, a developer of vitro diagnostic technologies, to Johnson & Johnson for an undisclosed sum.
SPAIN - Miura reaches final closing of maiden fund
Miura Private Equity has announced the final closing of its maiden vehicle, Miura Fund I, on approximately EUR 100m.