News
EUROPE - Kleinwort Benson appoints new head of alternative assets team
Kleinwort Benson has appointed Alexandre Pigault as new head of alternative assets research.
GERMANY - Mantra invests in Arques
French investment firm Mantra is in the process of completing a deal to increase its stake in listed industrial holding Arques Industries.
EUROPE - Private equity attracted to logistics
According to a new study by PricewaterhouseCoopers, private equity buyers are increasingly targeting investments in the transport distribution and logistics sectors.
SPAIN – N+1 to sell Atecsa
Market rumour suggests that Dinamia, a listed investment vehicle controlled by N+1, is considering a sale of its car inspection services portfolio company ITV Atecsa for a purchase price of between EUR 60m and EUR 90m.
GERMANY – Terra Firma settles legal case
Terra Firma, along with a fund managed by Deutsche Bank, have abandoned their attempts to block Swiss bank UBS from selling debt held in Germany’s Tank & Rast service station following a high court settlement.
ITALY – MPS and Arca Impresa acquire Cadey
MPS Venture SGR Spa and Arca Impresa Gestioni SGR have acquired cosmetics manufacturer Cadey in a management buy-in for an undisclosed sum.
ITALY - Arca Impresa achieves 42% IRR from Garioni SBO
Arca Impresa Gestioni SGR has sold its majority stake in engineering business Garioni Naval in a secondary buyout to Cape-Natixis valued at approximately EUR 16m, achieving a 2.5x money multiple and a 42% IRR over the course of the investment.
GERMANY - HAARMANN strengthens corporate real estate practice
HAARMANN has hired Dr Sebastian Gronstedt to its real estate and notary practice.
UK - Dunedin promotes Strang
Dunedin has promoted Dr Jim Strang to head up the firm's new private equity fund investment programme, Dunedin Enterprise Investment Trust Plc.
UK - Ashurst appoints senior partner
Ashurst has appointed Charlie Geffen as new senior partner. The appointment is effective as of 1 January 2009.
SPAIN - Suan Biotech leads EUR 1m Biomedal financing
Suan Biotech has led a EUR 1m funding round for life sciences company Biomedal, investing EUR 700,000, with the remainder being provided by Invercaria, the private equity investment vehicle of Junta Andalicía.
SPAIN - Doughty loses battle over SEUR
UK-based investor group Doughty Hanson has received EUR 1m in break up fees after its takeover bid for courier SEUR was matched by the incumbent shareholder Geopost, a subsidiary of French postal service La Poste.
SPAIN - Hutton invests EUR 31.5m into Everis
Hutton Collins has invested EUR 31.5m into IT consultancy firm Everis, increasing its stake to 10.84% and becoming its third largest shareholder. The balance is retained by the management and staff (64.03%), 3i (18.33%), Grupo Landon (6.34%) and other...
FRANCE - Cognetas appoints associate
Cognetas have recruited Antoine de Péguilhan as a new associate in its Paris office.
FRANCE - CIC and IDI take Alti private
CIC LBO Partners, through the CIC LBO Fund, and IDI have acquired IT engineering company Alti after taking a majority stake in the Euronext-listed holding company Financière Alti.
CEE - Argo opens Era Shopping Park
Argo Group, through its fund Argo Capital Partners I, alongside local developer Omilos Group have opened the Era Shopping Park in Romania.
UK - Finance Cornwall supports Lanish Group
Finance Cornwall has invested an undisclosed sum into Lanish Group, operator of the five star Gwel an Mor holiday resort in Portreath. Bill Haslam, the majority owner of the business, has also invested.
SWEDEN - Hannes Snellman launches in Stockholm
International law firm Hannes Snellman has opened a new office in Stockholm.
UK - Palamon hires Peter Currie
Palamon Capital Partners has appointed Peter Currie to its board of advisers.
UK - Greenpark hires investment director
Greenpark Capital has hired Robert Savage as investment director for its London office.
UK/USA - Fidelity hires three
Fidelity Equity Partners has hired Jens Düing, Dustin Lieb and Daniel Sheyner to its London and Boston offices.
SWEDEN - Industrifonden backs SEK 11m Vincent funding
Industrifonden has invested SEK 8m as part of an SEK 11m funding round for shoe chain Vincent, with the remainder being provided by Odd Molly investor Patrik Tillman.
SWEDEN - KTH Chalmers investd in Baymarkets
KTH Chalmers Capital has invested in Baymarkets AB, a provider of financial market systems.
FRANCE - AXA PE to divest Spotless
AXA Private Equity is reportedly seeking to sell portfolio company The Spotless Group, a producer and distributer of home care and cleaning products, with the price tag expected to be EUR 700m. Lazard is reported to have been mandated to find a buyer.