News
UK - NorthStar leads £500k investment in Durham Pipeline Technology
NorthStar Equity Investors (NSEI) has led a £500,000 investment into pipeline maintenance company Durham Pipeline Technology (DPT), alongside Enterprise Ventures (EV) and senior management.
FRANCE - Emertec president retires
Emertec Gestion president Philippe Capdevielle has retired after ten years in the role. The position will be taken up by Bernard Maitre who, along with the investment team, will continue to oversee the management of the first three funds. The team will...
LATVIA - Argus et al acquire IZZI
Contaq Latvian Cable, Argus Capital and Syntaxis Capital have acquired Latvian cable television broadcaster IZZI SIA for an undisclosed sum. DnB NORD Banka and funds advised by Syntaxis Capital provided a senior debt and mezzanine package to support the...
GERMANY – Consortium backs TWK MBO
DZ Equity Partner and strategic investor addfinity industries GmbH & Co KG have backed a management buyout of TKW Technische Kunststoffteile und Werkzeugbau GmbH & Co KG, a provider of industrial plastic-injection moulding and multi-material components...
UK - Realpubs to expand
Brockton Capital-backed Realpubs is expected to announce a deal with an undisclosed rival pub chain to buy five freehold pubs, reports suggest.
GERMANY - TGFS supports Meetwise
Technologiegründerfonds Sachsen (TGFS) has provided an unspecified sum of seed financing to Meetwise GmbH, a company that develops remote conferencing solutions.
GERMANY - TGFS backs Pharetis GmbH
Technologiegründerfonds Sachsen (TGFS), an early-stage investor that finances business start-ups in the Saxony region, has invested an undisclosed sum into online social network Pharetis GmbH as part of a seed financing round.
UK - HSBC Private Equity appoints two
HSBC Private Equity has hired Grant O'Neill as investment manager and Helen Posner as associate.
FINLAND - Northzone and Conor raise EUR 6m for Supponor
Northzone Ventures and existing investor Conor Venture Partners have co-lead a EUR 6m series-A funding round for Supponor Ltd, a provider of digital billboard replacement (DBR) solutions.
SPAIN - Axón launches ITC fund
Axón Capital has launched its second fund, Fondo Axon II CM-TMT, with EUR 15m in capital committed.
CEE - Apax in talks with NLB
Reports suggest that Apax Partners has entered exclusive talks regarding the purchase of the 30.6% stake in Nova Ljubljanska Banca (NLB), Slovenia's largest bank, currently held by Belgium's KBC after Blackstone pulled out of the EUR 900m auction.
NORWAY - FRC and DOF bid for DOF Subsea could fall through
Norwegian Shipping Group DOF ASA's joint bid with First Reserve Corporation (FRC) for subsea services contractor DOF Subsea is likely to fall through due a disagreement on price, reports suggest.
UK - BC Partners calls on Rothschild
BC Partners has brought in NM Rothschild to help it restructure the debt of portfolio company Foxtons, an estate agency.
IRELAND - Delta invests EUR 2.5m into Luzern Solutions
Delta Partners has invested EUR 2.5m into e-commerce platform Luzern Solutions Ltd.
GLOBAL - First Reserve to invest in nuclear venture
According to reports, US group First Reserve, which specialises in the energy sector, will reveal plans later this week for an investment worth hundreds of millions of dollars into Accord Nuclear Resources, a nuclear fuel venture headed by two uranium...
BELGIUM - Carlyle- and Kennet-backed FRSGlobal completes acquisition
The Carlyle Group and Kennet Partners have supported portfolio company FRSGlobal, a provider of global risk and regulatory compliance reporting solutions, in its acquisition of Swiss risk management business IRIS integrated risk management solutions AG.
UK - TPG walks away from Paragon
TPG has walked away from a potential investment in troubled buy-to-let mortgage lender Paragon, with reports claiming that the investor did not foresee enough incentives to go through with a deal. The news comes following the investor's decision in recent...
UK - Cavendish hires new partner
Cavendish Capital Advisors has hired Simon Ramery as partner.
UK - YFM invests in Mobile Safety Solutions
YFM Group, through its Yorkshire & Humber Equity Fund, has invested an undisclosed sum in mobile technology software business Mobile Safety Solutions.
EUROPE - SL Capital reaches fourth closing on EUR 520m
SL Capital Partners has reached the fourth closing of its European Strategic Partners 2008 (ESP 2008) fund-of-funds on EUR 520m.
SWEDEN - Bure divests Textilia for EUR 201m
Bure Equity has sold Textilia, a washing and textile services provider, to Litorina Kapital for SEK 201m.
FRANCE - Abénex Capital and Ixen purchase Buffalo Grill
Abénex Capital and Ixen have completed a secondary buyout of restaurant chain Buffalo Grill from Colony Capital and Eurazeo.
FRANCE - PIPE deals up 100%
With market valuations down buyout houses in France are increasingly targeting investments in public companies. France has already seen 11 pipe deals completed so far this year; more than twice the five deals recorded in 2007.
GLOBAL - Private equity drawn to distressed debt
Reports suggest that private equity firms with large pots of capital from recent fundraising efforts are taking advantage of the current market conditions by acquiring increasing amounts of distressed debt from banks.