News
UK - Endless supports buyout of four companies
Endless Private Equity has supported the management buyout of four trading companies from Amco Corporation Plc for ТЃ9.4m. Amalgamated Construction, Amco Drilling, Amco Plastics and Amco Developments have been acquired by new parent company Amco Group...
ITALY – Simmons poaches Lovells partner
Lovells' Italian private equity head Andrea Accornero will leave the firm at the end of the month to join Simmons & Simmons' Milan office.
ITALY – Venture capital fund for start-up SMEs
Simest has signed an agreement with BNL, part of BNP Paribas, to manage a fund targeting SMEs in the start-up phase wishing to internationalize outside the EU.
UK - HNW's back WorkSmart solutions MBI
A group of high-net-worth individuals has backed the management buy-in of niche compliance software business WorkSmart Solutions. The deal value is thought to be under ТЃ10m.
UK - HgCapital sells Boosey & Hawkes
HgCapital has sold classical music publishing and rights group Boosey & Hawkes to Imagem, CP Masters BV and an independent European music publisher for ТЃ126m. Imagem Music is the music publishing fund of Stichting Pensioenfonds ABP.
FRANCE – Siparex closes EUR 150m fund
Sigefi Private Equity subsidiary Siparex Group has closed Siparex Middle Market II on EUR 150m. The new fund will make growth capital/LBO investments ranging between EUR 5m to EUR 15m in SMEs with valuations of up to EUR 150 m.
FRANCE – Edmond de Rothschild backs electronic systems solutions company
Edmond de Rothschild Investment Partners has invested EUR 1.4m in Innovation Developpment’s holding company ID finance with management investing EUR 2.2m. Senior debt was provided by Banque Populaire and Crédit Agricole Nord-est.
SPAIN – Mercapital readies acquisition of engineering firm
According to reports Mercapital is finalising a majority stake acquisition in Obras Subterraneas (Ossa) which it has valued at over EUR 200m.
France – I-Source and 360º inject EUR 2.4m in Iminent
I-Source Gestion and incumbent backer 360º Capital Partners have injected EUR 2.4m into Iminent in a second round of financing. The company has had a total EUR 5.4m of investments to date.
UK - Bank of Scotland backs Tulloch Homes
Bank of Scotland Corporate's Joint Ventures business has acquired a 40% stake in house construction company Tulloch Homes Group.
CEE – Kala Capital launched in Georgia
Kala Capital, a new closed fund dedicated to investments in Georgia, has been launched by former Georgian Prime Minister, Zurab Nogaideli, and former captain of the Georgian national football team and Italy’s AC Milan player, Kakha Kaladze.
SWITZERLAND/FRANCE – Argos Soditic tucks into Valora
Argos Soditic has bought three food production companies from Swiss logistics and retail holding company Valora Holding AG. Switzerland-based Roland Murten AG and Kägi Söhne AG and French company Cansimag France SA have been acquired for an undisclosed...
UK - NVM invests £5.6m in Axial Systems
NVM Private Equity has invested ТЃ5.6m in the management buyout of Axial Systems Ltd, a supplier of portable and distributed solutions for network management, analysis and security in the UK.
FRANCE – Natixis & Seventure launch new funds
Natixis Private Equity and its subsidiary Seventure Partners have launched two new funds. Natixis has launched FCPR fund called Natixis Dévelopment and Création 2008 which will seek to invest in small to mid-cap companies. More specifically, at least...
UK - Darwin holds third close and grows team
Darwin Private Equity has held a third close of its maiden fund on ТЃ207m. The private equity house is targeting a final close of ТЃ250m.
GERMANY - Mayer Brown bolsters private equity team
Mayer Brown has bolstered its private equity team. Dr Benedikt Weiser has joined as partner in the Frankfurt office of the law firm.
GLOBAL – Partners closes EUR 447m mezz fund
Swiss-based asset manager Partners Group has reached a EUR 447m final close for its global mezzanine fund, soaring past the EUR 300m target. The fund has already made 11 investments in 2008, corresponding to 50% its capital.
UK - One Equity invests $150m in Clipper Windpower
One Equity Partners will invest $150m into Clipper Windpower Plc, a manufacturer of wind turbines and developer of wind energy projects. The new funds will be used to finance Clipperтs ongoing working capital requirements and strategic supply chain initiatives....
CEE – Connexio and ZJ to launch new private equity product
According to sources, Austrian management consulting companies Connexio and ZJ Consulting plan to launch private equity fund focusing on Central and Eastern Europe.
SPAIN – Octapris and Compas Private Equity invest in logistics firm
According to sources, family office Octapris Investments and Compas Private Equity have invested around EUR 150,000 in logistics company eContainers for a 24% stake in the company.
GERMANY - OEP increases stake in Pfleiderer
One Equity Partner has increased its stake in listed wood building materials company Pfleiderer AG. In January, OEP acquired around 15% of the company, and has now increased its shareholding to 20.4%.
GERMANY - Apax ends talks with Escada
Apax Partners has ended talks with Escada AG about a potential acquisition. Talks had been ongoing for some months and Apax had been granted limited access to the company's financial records.
ITALY – MPS Ventures in IT acquisition
MPS Ventures and Sapient spa have acquired software company Gruppo Datel.
UK - Dunedin completes £15m CGI recap
Dunedin has recapitalised specialist fire and resistant glass manufacturer and supplier CGI for a second time, with ТЃ15m of new debt supplied by Clydesdale Bank.