News
UK - Advent set to submit second round bid for Craegmoor
Advent International is set to submit a second round bid to acquire Craegmoor Heathcare, a care home provider, reports suggest.
UK - Sovereign Capital portfolio company acquires Sureway Gas
Sovereign Capital-backed Kinetics Group, a provider of maintenance services to the social housing sector, has acquired heating and plumbing contractor Sureway Gas.
GLOBAL - China invests USD 2.5bn in TPG fund
China's State Administration of Foreign Exchange has agreed to invest more than USD 2.5bn in the latest TPG fund.
BELGIUM - Carlyle completes exit from Transics
Carlyle has sold its 42.2% stake in Transics, a provider of on-board computers and fleet management solutions for the transport and logistics sector, to Parcom. The transaction consisted of a block trade covering 16.5% of the outstanding share capital...
UK - YFM invests £300,000 in eflow
YFM Group managed South West Ventures Fund has invested ТЃ300,000 in eflow Ltd, a specialist software developer for the banking and financial industry.
NORWAY - Altor sells 50% of Lindorff to Investor
Altor has sold 50% of Lindorff Group AB, a debt collections company, to Investor AB in a transaction that values the company at an enterprise value of EUR 1.16bn. Altor retains the remaining 50%.
UK - Bayside closes H.I.G. Bayside fund II at USD 3bn
Bayside Capital, the distressed debt affiliate of H.I.G. Capital, has held the first and final closing of its H.I.G. Bayside II fund with total commitments of USD 3bn.
GLOBAL - LPs concern over GP strategy shift
According to a global barometer by Coller Capital, global LPs are worried about recent GP strategy shifts as the credit crisis continues to bite.
SWEDEN - Segulah portfolio company makes acquisition
Segulah portfolio company Nordform, a supplier of ground and water systems for infrastructure projects, has acquired SKT (Skandinavisk Kommunalteknik AB) for an undisclosed sum.
SWEDEN - STING Capital invests SEK 2m in Vocab
STING Capital has invested SEK 2m in Vocab AB, an education and vocational training company.
BELGIUM - GIMV sells five holdings to Becap
GIMV and Halder IV, which is owned by GIMV's subsidiary Halder, have sold five minority shareholdings to BECAP, a fund specialising in secondary transactions. The sales have had a negative impact of -EUR 800,000 on GIMV’s last equity value.
SPAIN – Inova Capital becomes main shareholder of DiLartec
Inova Capital has invested a further EUR 1.1m in technology company DiLartec and has become its main shareholder with more than a 90% stake.
FRANCE – 21 Investimenti acquires 80% stake in Club Med Gym
21 Investimenti has acquired an 80% stake in Club Med Gym in a deal valued at EUR 74m.
GERMANY - Cinven acquires Jost Group from Silverfleet Capital
Cinven has agreed to sell vehicles components manufacturer Jost Group to Silverfleet Capital for an undisclosed amount. The equity is invested from the fourth Cinven Fund.
GERMANY - Riverside acquires AICAT CA Technologies Consulting
The Riverside Company has acquired AICAT CA Technologies Consulting GmbH, a digital engineering company, as an add-on acquisituion for IndustrieHansa Engineering and Consulting, a business division of Advanced Information Systems Group.
UK - Cinven completes EUR 200m SBO of Partnership Assurance
Cinven has acquired retirement solutions provider Partnership Assurance for a total consideration of around EUR 200m in a secondary buyout from Phoenix Equity Partners.
SPAIN – Benson Elliot Capital acquires stake in real estate developer
Private equity real estate firm Benson Elliot Capital Management has acquired a 70% stake in Spanish developer Promobuilding SL for an undisclosed sum. The balance stake will be retained by the management.
GERMANY - GMT and Peacock acquire Bigpoint for EUR 70m
GMT Communications Partners, together with the Peacock Equity Fund, a joint venture between GE Commercial Finance’s Media, Communications & Entertainment business and NBC Universal, have agreed to acquire browser-based multiplayer online games company...
UK - RBS backs secondary MBO of PSCA
Royal Bank of Scotland's Total Capital Finance division has backed the secondary management buyout of PSCA International, a provider of publications, media information and events to the public sector, from Aberdeen Asset Managers for an undisclosed sum....
ITALY – Private equity in SME auctions
Market rumour suggests that both billboard company Avip and perfume manufacturer La Gardenia are currently the subject of an auction sale process in which private equity funds have shown interest.
ITALY – EstCapital launches first closed-end alternative energy fund
Asset management firm EstCapital Sgr has launched RealEnergy, the first closed-end fund investing in photovoltaic and alternative energy sources in Italy.
CEE - Intel Capital and 3TS invest EUR 28m into Internet Mall
Intel Capital and 3TS Capital Partners have, through the holding company Netretail Holding, acquired a minority stake in Czech online retailer Internet Mall for EUR 28m. The founders retain control of the company.
UK - Babson announces new head of distribution
Babson Capital Europe has appointed Andrew Godson as new head of distribution.
SPAIN – Mercapital acquires Obras Subterraneas
It is understood that Mercapital has completed an investment in engineering firm Obras Subterraneas. The deal value was not disclosed but sources close to the deal estimate that the transaction could be worth EUR 150m including debt.