News
FRANCE - Financière Agache Private Equity takes 37% of Paprec
Financière Agache Private Equity, part of Groupe Arnault, has taken a 37.74% stake in recycling business Paprec for EUR 100m. The founder and CEO Jean-Luc Petithuguenin has rolled over a 38% holding through holding company JLPP.
EUROPE - Carlyle closes third European real estate fund on EUR 2.2bn
The Carlyle Group has closed its third European real estate fund, Carlyle Europe Real Estate Partners III (CEREP III), on EUR 2.2bn, exceeding its EUR 1.5bn target. Including leverage, the vehicle will have an investment capacity of EUR 9bn.
UK - Aberdeen backs buyout of Nessco
Aberdeen Asset Managers Growth Capital has led an equity investment of ТЃ4m to support the management buyout of Nessco Group, a telecommunications services provider.
NETHERLANDS – Big Bang and HENQ invest in Wakoopa
Big Bang Ventures and HENQ have invested in Wakoopa, a Dutch social network site for software users. This funding follows on from an initial investment into the company in January 2007 by the Dutch Creative Industry Fund, which was founded by the four...
ITALY - Mandarin Capital takes control of Gasket
Mandarin Capital Partners has acquired a majority stake in industrial manufacturer Gasket, with the founding owners retaining the balance.
SPAIN – Axón Capital backs Virgin Play with EUR 2.5m
Axón Capital has invested EUR 2.5m in video game developer Virgin Play. The company is also backed by Japanese firm Amuse Entertainment, owner of Japanese listed company AQ Interactive and the private equity fund Spinnaker.
NETHERLANDS - Summit Partners invests in Flow Traders
Summit Partners has acquired a minority stake in Flow Traders, an electronic trading firm.
FRANCE - Avenir takes a 28% stake in Tiger Wok
Avenir Entreprises has taken a 28% shareholding in the Tiger Wok restaurant chain.
GERMANY - CVC acquires Evonik stake for EUR 2.4bn
According to reports, CVC Capital Partners has acquired the 25.1 percent stake in diversified energy concern Evonik for EUR 2.4bn from RAG Stiftung, a deal which values the company at around EUR 9.6bn, far exceeding original expectations.
GLOBAL - Intel defies economic downturn
Despite the global credit meltdown and resultant sombre sentiment in the investment markets, Intel Capital has invested more than $60m across ten deals in the last couple of weeks.
UK - L Capital et al acquire Princess Yachts
A consortium including Groupe Arnault, LVMH and L Capital has acquired yachting brand Princess Yachts International Plc, with market rumour putting the value of the deal at around ТЃ200m.
FRANCE - AXA PE closes fourth fund on EUR 1.6bn
AXA Private Equity has closed its fourth fund, AXA LBO Fund IV,on EUR 1.6bn.
UK - TPG seeks more UK bank deals
Reports suggest that TPG Capital is seeking to use its investment in Bradford & Bingley Plc as a springboard for stake-building in other banking institutions.
EUROPE – Björn Savén as executive chairman of Industri Kapital
Industri Kapital has appointed BjУЖrn SavУЉn as executive chairman.
SPAIN - Sabadell-backed Intermas completes duel acquisitions
Intermas Nets, a plastic mesh manufacturer 20% owned by Aurica XXI, the private equity arm of Banco Sabadell, has completed the acquisitions of Nortène Jardinage France and Nortène Pro, which specialise in meshes for use in the food, gardening and do-it-yourself...
FRANCE - Demeter et al invest EUR 10m in The Le Floch Group
Demeter Partners, Ouest Croissance and CM-CIC have invested EUR 10m in waste management business The Le Floch Group.
SWEDEN - InnovationsKapital backs Syntensia with USD 3.5m
Innkap 4 Fund, managed by InnovationsKapital, has backed Syntensia, a network security company, with USD 3.5m. The deal, in which several private investors also participated, also includes the option for an additional USD 4m to be raised through a share...
SPAIN – Era Biotech looks for new private equity investor
Era Biotech, backed by BCN Emprèn, Invertec (part of Cidem), Galician fund Uninvest, and Reus Capital Riesgo (52.75%), has launched a new round of financing set at EUR 5m seeking to attract a new private equity investor.
GERMANY - Germany strong in cleantech & life sciences
According to a Deloitte & Touche survey for America's National Venture Capital Association, 43% of US VCs believe that Germany has world-leading expertise in the cleantech and life science fields. This could bode well for the future of the German venture...
SPAIN – Caixa Galicia takes 15% stake in Cafento
Caixa Galicia has taken a 15% holding in coffee retailer Cafento, with the remaining stake being held by the founding owners.
DENMARK - Anders Lindqvist joins Via
Anders Lindqvist has joined Via Venture Partners as a partner from IT Provider, where he worked for 9 years.
SPAIN – Private equity interest in Seur
According to reports, courier company Seur's shareholders have charged investment bank Arcano with the analysis of purchase offers, with several private equity houses and France's La Poste amongst those that have shown an interest in the business.
GERMANY - eCAPITAL invests in Jedox AG
eCAPITAL has led a round of funding for Jedox AG, a supplier of open source based planning, analysis and reporting solutions, alongside existing investor Klaus Wecken, co-founder and former CEO of the KHK Software AG Frankfurt.
GERMANY - Consortium backs copark GmbH
A consortium of investors, comprising High-Tech Gründerfonds, Bayern Kapital and ASTUTIA Equity Partners, has invested in parking space solutions company copark GmbH.