News
RUSSIA - CapMan acquires Region-Avia Airline
CapMan Russia Fund has acquired Russian private airline operator Region-Avia Airline for an undisclosed sum.
GERMANY – HANNOVER Finanz raises EUR 120m for evergreen fund
Hannover Finanz has raised a total of EUR 120m for its latest evergreen fund - the largest amount it has raised so far.
GERMANY - Leonardo Venture increases interest in InovisCoat
Leonardo Venture has increased its shareholding in technology company InovisCoat GmbH by 7.76%, taking its interest in the business to 48.94%. A silent participation of EUR 1.3m has also been agreed.
GERMANY - Auctus sells ZPF therm Maschinenbau
Auctus has sold 100% of its shares in ZPF therm Maschinenbau GmbH, a manufacturer of industrial furnaces and ancillary equipment for the aluminium-processing industry, to DZ Equity Partner GmbH.
CEE - Summit invests in Telerik
Summit Partners has invested in Telerik, a Bulgarian supplier of software tools and components that allow developers to build web and desktop applications.
UK - TA Associates invests £35m into Quotient Bioscience
TA Associates has invested £35m into analytical and safety evaluation services company Quotient Bioscience Group.
UK - Elysian makes two appointments
Elysian Capital has appointed Phil Greves as investment director and partner and Jack Jacovou as associate director.
UK - Energy Ventures exits Caltec
Energy Ventures has sold its investment in Caltec, a supplier of equipment for improving production from oil and gas wells, to Petrofac Ltd for an initial consideration of £15m, with this potentially rising to £30m if the business reaches performance...
UK - Barclays Ventures exits UPSL
Barclays Ventures has sold Uninterruptible Power Supplies Ltd (UPSL), an supplier of branded continuous power supply systems, for an undisclosed sum to US-based Kohler Power Systems.
UK - Reservoir Group acquires Extreme Machining
SCF-backed Reservoir Group has acquired Australia-based drilling tools maker Extreme Machining for an undisclosed sum.
NORWAY - Energy Ventures invests NOK 45m into Energreen
Energy Ventures has injected NOK 45m into Energreen, a developer of clean energy from pressure drop in fluid process systems.
UK - CVC creates global finanical institutions sector team
CVC has established a global finanical institutions sector team with effect from 1 September 2008.
FRANCE - Newfund holds first close on EUR 63m
Newfund Management, the new private equity company created in 2007 by Francois Véron, has held the first close of its maiden fund, Newfund 1, on EUR 63m. Newfund 1 is expected to gather EUR 80m with a hard cap of EUR 100m.
NORWAY - Incitia Ventures et al invest NOK 25m into ASD
Incitia Ventures has, together with existing investor Proventure Seed, injected NOK 25m into Arctic Silicon Devices (ASD), a fables semiconductor company specialising in high performance low-power-dissipation mixed signal processing.
FINLAND - FII makes three appointments
The government-owned investment company, Finnish Industry Investment (FII), has made three appointments.
UK - Duke Street to pay for pension deficit
Duke Street Capital has been forced by the Pensions Regulator to inject £8m into the defined benefit scheme of retailer Focus DIY over a year after the private equity firm sold the business to Ceberus Capital Management.
FRANCE – Truffle supports EUR 1m Photon investment
Truffle Capital and EDF-Energies Nouvelles have invested EUR 1m into Photon Technologies, a solar installation company.
GERMANY - Seventure leads EUR 5m funding round for conject AG
Lead investor Seventure and existing investor Earlybird have injected EUR 5m in software company conject AG.
UK - Hotbed invests £2.1m into Gymbox
Hotbed has supported fitness club Gymbox with a follow-on investment of £2.1m.
UK - LDC hires director
LDC has hired Steven Gray as director in its new Aberdeen office.
UK/US - Summit hires four vice presidents
Summit Partners has hired four new vice presidents for its Boston and London offices.
GERMANY - CMP divests Lloyd Dynamowerke
Capital Management Partners has divested its majority shareholding in electrical and drive system manufacturer Lloyd Dynamowerke to Kirloskar Electric Company Ltd, a sector player operating in the Indian and Asian markets.
NETHERLANDS - Egeria sells Royal van Lent to LVMH
Egeria has sold its stake in Royal van Lent, a designer and builder of luxury custom yachts, to luxury product group LVMH Moet Hennessy.
FINLAND - Ratos completes SEK 473m refinancing of GS-Hydro
Ratos has completed a SEK 473m recapitalisation of portfolio company GS-Hydro, a supplier of non-welded piping systems.