News
RUSSIA - Deutsche Bank acquires stake in UFG
Deutsche Bank's asset management division has taken a stake in Russia-based UFG Asset Management as part of a new strategic partnership between the two businesses.
GLOBAL - HIG appoints former Apax exec
HIG Capital has appointed Tim Armstrong as managing director.
FRANCE - Seventure leads EUR 3m investment into CodaSystem
Seventure Partners has led a EUR 3m third financing round for software company CodaSystem, alongside existing investors OTC Asset Management and CapDécisif Management.
SPAIN - SGCRE launches seed capital fund
Basque Country Government-backed Sociedad de Gestión de Capital Riesgo de Euskadi (SGCRE) has launched Ekintzaile XXI, a EUR 5m fund to support seed and start up projects located in the region.
ITALY - Ferretti to receive listing authorization
According to reports, Candover and Permira-backed yacht manufacturer Ferretti is to receive the Consob’s authorization to list the company in the London and Milan Stock Exchange.
SPAIN - Santander and Caléndula invest in Gecal
The Santander Group and private equity firm Caléndula de Inversiones have each acquired a 16% stake in renewable energy firm Sociedad Gestora de Parques Eólicos de Castilla y León (Gecal).
ITALY - Clessidra interested in Cerved
Market rumour suggests that Bain Capital Partners portfolio company Teamsystem-Lince and Clessidra are interested in making a joint bid for economic data provider Cerved.
SPAIN - Doughty faces competition over Seur
According to reports, Doughty Hanson is facing competition over its proposed acquisition of a stake in courier Seur from incumbent shareholder Geopost, a subsidiary of French postal service La Poste.
UK - HSBC Private Equity hires investment manager
HSBC Private Equity has hired Basil Sakellis as investment manager.
GERMANY - High-Tech Gründerfonds and Zukunftsfonds Heilbronn invest in enymotion
High-Tech Gründerfonds and Zukunftsfonds Heilbronn have invested an undisclosed sum in start-up enymotion GmbH, a developer of mobile fuel cell systems.
GERMANY – Emerald Technology Ventures sells Ormecon GmbH
Emerald Technology Ventures has sold its stake in Ormecon GmbH, an advanced materials company, for an undisclosed sum to Enthone Inc, a Cookson Electronics company.
UK - Darwin hires Katie Beck
Darwin Private Equity has hired Katie Beck to its investment team.
ITALY - Fondamenta launches EUR 150m renewables fund
Fondamenta has launched a EUR 150m fund dedicated to investements in the renewable energy sector.
UK - Darwin closes maiden fund on £217m
Darwin Private Equity has closed its inaugural fund, Darwin Private Equity I LP, on £217m.
NORWAY - Alliance supports Novelda with NOK 5m
Alliance Venture Polaris AS has invested NOK 5m into Novelda AS, a fabless semiconductor company, in a first round of funding.
LITHUANIA - MVC and RC acquire FIMA
MVC Capital Inc and Riga Capital SARL (RC) have acquired engineering company FIMA UAB. The value of the deal was undisclosed, but the two firms made an equity investment of USD 28.1m to support the transaction.
FINLAND - Veraventure invests in Suntrica
Veraventure has provided early-stage funding for Suntrica, a developer of personal solar energy harvesting technology. The investment sum has not been disclosed, but it is estimated to be between EUR 100,000 and EUR 250,000.
SPAIN - Catalana d’Initiatives appoints director
Catalana d’Initiatives has appointed Alfredo Gatius as director of investments.
GERMANY – GCI portfolio company files for insolvency
GCI Management portfolio industrial machinery company PFAFF Industrie Maschinen AG has officially filed for insolvency.
FRANCE – AtriA invests in Groupe Phythéa
AtriA Capital Partenaires, through AtriA Private Equity Fund III, have taken a significant minority stake in food supplements company Phythéa. AtriA invested via their fund.
UK/GERMANY – Wellington Partners hires Daniel Waterhouse
Wellington Partners has strengthened its presence in London with the appointment of the former Yahoo! manager and 3i sector partner Daniel Waterhouse.
SWEDEN - Sustainable Technology closes cleantech fund on EUR 58m
Sweden-based Sustainable Technology Fund has held a third and final close of its new cleantech vehicle, Fund 1 LP, on EUR 58m.
FRANCE – Advent International in talks regarding Experian division
Advent International is in exclusive negotiations to acquire Experian’s electronic payments activities.
FRANCE - AXA and Barclays back CDC
AXA Private Equity and Barclays Private Equity have added their support to Caisse des Dépots et Consignations (CDC), which operates under the government backed initiative France Investissement.