News
FINLAND - Borenius & Kemppinen gets new managing director
Borenius & Kemppinen has appointed Jari Vikiö as managing director. Vikiö succeeds Jyrki Tähtinen, who takes up the position of senior partner. Vikiö has been a partner at the law firm since 2001, heading its transactions practice group.
UK - Candover-led consortium makes £1.6bn bid for Expro
A consortium of investors led by Candover also comprising Goldman Sachs Capital Partners and AlpInvest has made a ТЃ1.6bn offer for listed oil-field services provider Expro. The offer values each share at 1,435 pence, a premium of 54.9 per cent to the...
GERMANY - Blackstone divests its 25% stake in Gerresheimer
Blackstone has sold its 25% stake in Gerresheimer AG, a manufacturer of specialty products made of glass and plastic for the pharma & life science industry.
CEE – Advent closes fourth fund on EUR 1bn
Advent International has closed its fourth fund dedicated to Central & Eastern Europe, ACEE IV, on EUR 1bn. It is three times bigger than the last fund raised by the investor. The new fund will invest between EUR 30 and 100m in companies across the region....
SWEDEN - SEB and Industrifonden back dental company
SEB Venture Capital and Industrifonden have backed Biomain, a Helsingborg-based dental company for an undisclosed value.
UK - Matrix backs buyout of Plastic Surgeon Fine Finishers
Matrix Private Equity has invested ТЃ2m to support the management buyout of Plastic Surgeon Fine Finishers, a provider of cosmetic surface repair services to the construction and housing industry. Matrix has acquired a 30% stake.
GERMANY - JC Flowers leads Hypo investment
A private equity consortium led by JC Flowers is poised to take a 24.9% stake in property finance group Hypo Real Estate (HRE).
UK - Risk Capital portfolio company acquires SignPost Solutions
Risk Capital Partners' portfolio company APT Controls Group has acquired manufacturer of traffic signposts SignPost Solutions Ltd (SPS).
UK - Piper invests in The Rug Company
Piper Private Equity has acquired a minority stake in rug designer and producer The Rug Company for an undisclosed sum.
UK - Elderstreet exits UM Holdings
Elderstreet has exited UM Holdings, the owner of U Mole, a provider of trenchless installation equipment to the utility market. VP Plc, a equipment rental specialist, has acquired the company.
SPAIN – 3i acquires minority stake in Unión Radio
3i has acquired a significant minority stake in Hispanic radio operator Unión Radio. The deal was carried out via a private placement and capital increase with an initial investment of EUR 125m, out of total commitment of EUR 225m.
UK - Octopus appoints rising star
Octopus Ventures has appointed Alliott Cole as an investment manager. Cole, 29, joins Octopus Ventures following four years at international law firm Ashurst.
GERMANY/AUSTRIA - Waterland Private Equity acquires Windrose
Waterland Private Equity has acquired a majority stake in Windrose Fernreisen Touristik GmbH, a travel agency for high-end adventure and luxury travel. The current Windrose management team remains unchanged.
LUXEMBOURG – Partners Group opens in Luxembourg
Switzerland-based Partners Group has opened an office in Luxembourg led by Jerry Ludig.
SPAIN – Grupo Zriser backs renewable energy player
Grupo Zriser has acquired a 5.38% stake in photovoltaic cell manufacturer Siliken in a deal valued at EUR 65m.
ITALY - ACP Capital to launch renewable energy fund
ACP Capital has the launch of a dedicated renewable energy assets fund. The vehicle will focus on the acquisition and development of renewable energy companies in Italy and Southern Europe.
FRANCE - Butler Capital Partners recruits two
Lionel Mestre has joined Butler Capital Partners as a director. Previously Mestre spent three years with PricewaterhouseCoopers and ten years with PAI.
RUSSIA – East Capital to buy 20% of FIA Bank for EUR 15.5m
East Capital has agreed to acquire a 20% stake in FIA, a Russian bank operating in Samara, a region in the south west of the country, for EUR 15.5m.
UK - Private equity interest in Infineum
Private equity bidders have shown strong interest in Infineum, the oil additives venture run by Exxon Mobil and Royal Dutch Shell. It has been reported that a deal could value the company at as much as ТЃ1.5bn.
SPAIN – Riverstone joins bid for energy player CLH
According to reports US-based Riverstone has joined the bidding for Enbridge's 25% stake in pipeline network managing firm CLH, which has been valued at EUR 900m. Citibank is running the auction.
GERMANY - Apax acquires D+S Europe
Apax has made an offer for SDax-listed e-commerce service provider D+S Europe. Apax is reported to have offered EUR 13 per share, with the offer supported by the company's management.
BALTICS - ASI injects further capital in social networking site for pets
Ambient Sound Investments (ASI) has injected a further $235,000 in social networking sites for pet owners, www.unitedcats.com and www.uniteddogs.com. The investment round will be used to expand the reach of the site. The round gives the investor a further...
UK - Drug developer gets $10m from US investor
Heritage Pharma, a UK-based generic drug developer, has raised $10m in series A funding from Oklahoma venture capital firm McClendon Venture Company.
FRANCE – CAPE invests EUR 3m in Splendia
Crédit Agricole Private Equity has invested EUR 3m in Splendia in a second round of financing alongside historic investor Alven Capital. The company has collected EUR 5m in investments since 2006.