News
SPAIN – L Capital appoints new investment director
L Capital, promoted by LVMH, has appointed Susana de Antonio as a new investment director.
GERMANY - CVC leads field for Evonik with EUR 2.2bn bid
According to reports, CVC has come out on top of the four private equity bidders interested in acquiring a minority position in diversified industrial concern Evonik. CVC is thought to have offered around EUR 2.2bn for the 25.1 percent stake, beating...
SWEDEN - SVCA gets new CEO
Marie Reinus will join the Swedish Venture Capital Association (SVCA) as the new CEO, replacing Tom Berggren who has led the association for the past ten years. Reinus will resume the role on 15 August 2008.
CEE - Allen & Overy opens in Bucharest
Allen & Overy is to open an associated office in Bucharest with Romanian law firm Radu Taracila Padurari Retevoescu.
UK - TPG becomes largest shareholder in Bradford and Bingley
TPG Capital has invested ТЃ179m into struggling mortgage lender Bradford and Bingley (B&B) for a 23% stake, making the private equity firm the banks largest single shareholder.
FINLAND/US - Nexit Ventures leads USD 10m investment into Ekahau
Nexit Ventures has led a USD 10m funding round for Ekahau, a Finnish wireless technology company, together with Finnish Industry Investments, Sampo Group and other private investors.
FRANCE - Demeter Partners set to launch EUR 200m fund
Demeter Partners is set to launch its new EUR 200m fund Demeter 2. According to reports the new fund is set to be launched before the start of the summer and is expected to close before the end of 2008.
FRANCE - Weinberg Capital Partners takes majority stake in Groupe Amplitude
Weinberg Capital Partners has acquired a majority stake in hip and knee implant specialist Groupe Amplitude alongside the founders and original investor Initiative & Finance.
UK - 3i and Terra Firma walk away from Novera
3i and Terra Firma, who had been considering making a bid for Novera Energy, the landfill gas and wind farm company, have withdrawn their interest in a possible takeover.
UK - LDC portfolio company acquires Millennium Insurance
LDC-backed Direct Group, an provider of outsourcing services to the insurance industry, has acquired Millennium Insurance, a provider of general insurance solutions, for an undisclosed sum.
UK - Lehman Brothers invest in Graphite Resources
Lehman Brothers Private Equity has, alongside management and other investors, completed the buyout of waste management company Graphite Resources, taking a 45.3% stake in the business.
UK - Octopus invests £1.25m in The Key Revolution
Octopus Ventures has invested ТЃ1.25m from its Octopus Titan VCTs into authentication and encryption technology company The Key Revolution in return for a substantial stake in the company.
UK - Biffa banks sell down debt
The banks that financed the buyout of Biffa in April 2008 have completed the syndication of ТЃ1bn of debt.
UK - Bestport and Close Ventures exit Grosvenor Health in £19.6m sale
Bestport Ventures and Close Ventures have exited their investment in healthcare provider Grosvenor Health Ltd through a trade sale to service company Serco Group for a total consideration of ТЃ19.6m.
GERMANY - HANNOVER Finanz backs OBO of Spectral
HANNOVER Finanz has backed the owner buyout of Spectral Audio Möbel, a provider of tailored solutions for TV and music systems, taking a 40% stake in the company.
GERMANY - Barclays Private Equity backs MBO of Novem Group
Barclays Private Equity has, alongside the management, acquired Novem Group, a manufacturer of car interior design products consisting of CID Car Interior Design Holding GmbH and all subsidiaries, for an undisclosed amount. Barclays Private Equity will...
GERMANY - Ventizz exits ersol Solar Energy for EUR 546.4m
Ventizz Capital Fund II LP, along with its subsidiary Ventizz II Jersey Holding LP, has signed agreements with Robert Bosch GmbH regarding the sale of its holding in ersol Solar Energy AG, amounting to 50.45% of the share capital, for a total consideration...
FRANCE - AtriA divests Rivard
AtriA Capital Partenaires has exited its holding in portfolio company Rivard, a provider of industrial cleaning machines, in a trade sale to Alamo Group Inc.
UK – TPG to acquire 23% of Bradford & Bingley
According to reports, TPG Capital is set to acquire a 23% stake in buy-to-let lender Bradford & Bingley for ТЃ179m. Other investors will be putting in ТЃ258m, while fees for the rights issue are thought to be around ТЃ37m. Bradford and Bingley will therefore...
UK - Nomura tries out new investment model
Saniago Corral, head of Nomura Internationals' London-based European Funds group, is trying out a new investment model designed to win over skittish institutional investors.
UK - Investec provides £11m follow on funding for Telinet
Investec Growth & Acquisition Finance has continued its support of telecommunications provider Telinet Group, providing a follow on investment of ТЃ11m in the form of preferred equity to finance the acquisition of IT outsourcing company Pasporte Ltd....
UK - Gresham appoints new investment partner
Gresham has appointed Dan Hatcher as investment partner.
UK - LGV acquires SandpiperCI division
LGV Capital has acquired the Hospitality Division of Duke Street-owned SandpiperCI, a Jersey-based food retailer.
UK - SGAM AI and CM-CIC back £11m Jobpartners investment
SociУЉtУЉ GУЉnУЉrale Asset Management Alternative Investments (SGAM AI) and CM-CIC Private Capital have taken part in a ТЃ11m third round of funding for HR software company Jobpartners.