News
UK - Finance Cornwall invests in Nature Paint Ltd
Finance Cornwall has invested an undisclosed sum in ecological paint manufacturer Nature Paint Ltd. Management also invested through Atticus Ltd and CAG Ltd, while Royal Bank of Scotland and South West Investment Group provided additional working capital...
GERMANY - Watson Farley to merge with Oldenbourg Plus
UK law firm Watson Farley & Williams is to merge with German private equity boutique Oldenbourg Plus, which will give the firm its first office in Munich.
UK - IMAC invests £7m into Review Centre
Ingenious Media Active Capital (IMAC) has invested ТЃ7m into Review Centre Ltd, a newly formed company that has been set up to acquire review website operator Resource Team Ltd, in exchange for 71.5% of the company's shares.
NORWAY - Nordic Capital acquires SafeRoad from Reiten
Nordic Capital Fund VII has acquired SafeRoad AS, a supplier of traffic solutions, from Reiten & Co for an undisclosed sum. No returns figures have been disclosed.
UK - 3i Infrastructure buys £86m of utilities debt
3i Infrastructure has invested ТЃ86m to buy debt in utilities including Thames Water, Viridian and National Grid Wireless.
UK - Close Ventures invests £1.35m in Vibrant Energy
Close Ventures has injected ТЃ1.35m into energy services company Vibrant Energy Surveys Ltd as part of a ТЃ1.5m funding round.
SWEDEN - Triton fails to secure Cision bid
Triton, through its holding company Cyril Acquisitions AB, has failed to secure the 90% acceptance rate for its SEK 1.5bn take private of Cision, a Stockholm-based PR and marketing communications consultancy business, after Skandia Liv, who holds 6.3%...
UK - Apax backs spin-out of Sense
Apax Partners has led the buyout of biotechnology company Sense Proteomic Ltd from biosciences tools company Procognia Ltd.
SPAIN – Banesto backs leisure management firm
Enisa SEPI Desarrollo, a private equity fund managed by Banesto and the Collosa group, has invested EUR 4m in leisure centre management firm Gaia Gestión Deportiva, taking a majority stake in the business.
ITALY – DLA Piper head of banking to join Jones Day
According to reports, Francesco Squerzoni, head of banking and structured finance at DLA Piper’s Italian practice, is quitting the company to join US firm Jones Day’s local team.
CEE - Warburg Pincus sells Euromedic to ALS and Merrill Lynch
Ares Life Science (ALS) and Merrill Lynch's private equity arm have acquired Hungarian healthcare provider Euromedic International from its current shareholders including Warburg Pincus. The deal originated through a Rothschild-led auction, in which several...
SPAIN - Cuatrecasas opens China office
Spanish law firm Cuatrecasas has been authorised to open a branch office in Shanghai. The new office, which will be headed up by senior associate Omar Puertas, will aim to assist Iberian clients in making Chinese investments as well as to advise on Chinese...
SWITZERLAND/FRANCE – Argos Soditic divests food companies after one month
Argos Soditic has agreed to sell Roland Murten AG and Cansimag France SA to Swiss food company Cornu SA for an undisclosed amount. This follows just one month after Argos Soditic acquired the two businesses, together with a third company, Kägi Söhne AG,...
SWITZERLAND – BayTech leads USD 3m funding round for Ads-Click
BayTech Venture Capital has led a USD 3m second funding round for online advertising company Ads-Click. An initial investment of USD 4m investment was concluded in March 2007.
BENELUX/GERMANY - Waterland closes EUR 800m fund
Waterland has closed Waterland Private Equity Fund IV (WPEF IV) on EUR 800m, three months after its launch.
GLOBAL - 3i Infrastructure raises fresh funds
Despite the current sombre economic backdrop, 3i Infrastructure has launched a ТЃ114.6m new share issue to increase its warchest for investing in global infrastructure assets. The firm is issuing just over 108 million new shares at a price of 106 pence...
UK - B&B shareholders react angrily to TPG rights deal
Investors in struggling buy-to-let lender Bradford & Bingley (B&B) have expressed anger over the banks announcement that it will grant private equity firm TPG Capital anti-dilution rights to protect its planned ТЃ179m investment.
EUROPE - Industri Kapital re-brands as IK Investment Partners
Industri Kapital has changed its name to IK Investment Partners (IK) to mark the evolution of the firmтs investment and geographic focus.
GLOBAL - TPG en route to closing record buyout fund
TPG Capital's latest fund is well on course to top Blackstone Group's record USD 21.7bn offering last year, reports suggest. The news comes just a day after it was reported that China's State Administration of Foreign Exchange has invested more than USD...
NORWAY - Norvestor acquires 70% of RenoNorden
Norvestor V LP has acquired 70% of waste collection company RenoNorden AS for an undisclosed sum. The previous owners and the management retain a 30% stake in the business.
SPAIN – Axis takes 5% stake in food company
Axis Participaciones Empresariales has taken a 5% stake in preserve company Isabel, which is owned by the Garavilla Family.
ITALY – Intesa Sanpaolo backs outsourcing firm
Imi Investimenti, part of the Intesa Sanpaolo Group, has acquired a 14% stake in outsourcing company Data Service through portfolio company Praxis Calcolo, one of Imi’s portfolio companies.
GERMANY - TVM Capital leads funding round for Winbox
Lead investor TVM Capital and angel-entrepreneur Robert Schneider have completed a first round of financing for Winbox Technologies AG, a provider of OEM technology solutions for Windows-based TV-centric consumer electronics.
SPAIN – Candover-backed Parques Reunidos acquires Kennywood
Candover portfolio leisure company Parques Reunidos has acquired US company Kennywood Entertainment, increasing the number of parks it controls to 67.