News
DENMARK - Vækstfonden et al inject DKK 6m in i-protect
A consortium of investors led by Danish government-backed investment fund Vækstfonden has invested DKK 6m in i-protect AS, a developer of locking and protection systems for lorry trailers.
SPAIN - 3i acquires Mémora in EUR 330m deal
3i has acquired a 75% stake in funerary business Mémora Inversiones Funerarias from Acciona for EUR 225m, in a deal which values the company at EUR 330m including debt. The transaction, which remains subject to approval by anti-trust authorities, will...
UK/NETHERLANDS - Private equity interest in Reed Elsevier's trade publishing unit
Several private equity firms are thought to be among the 12 bidders that have made it through to the second round of the auction for publisher Reed Elsevier's business magazines unit, which is expected to fetch between £1bn and £1.25bn.
CEE - Candover enters Eastern Europe
Buyout heavyweight Candover has reportedly launched a subsidiary to take advantage of the opportunities in New Europe.
FRANCE - Noble Ventures invests EUR 7m into Ipanema
Noble Ventures has invested EUR 7m into traffic management systems provider Ipanema Technologies.
UK - Sovereign hires investment executive
Sovereign Capital has appointed Sarah Pratt as a researcher to its investment team.
UK - Woolworths rejects Baugur
Retail chain Woolworths has rejected an offer by Baugur, which holds 10% of the group's shares, to break up the group and acquire its stores.
FRANCE - Sagard cedes CEPL for EUR 500m
Sagard has signed a definitive agreement to divest portfolio logistics company Compagnie Européenne de Prestations Logistiques (CEPL) to Arcapita, a Bahrain-based investment firm, in a secondary buyout valued at around EUR 500m.
SWEDEN – AP Fund et al in USD 13m funding round for Xelerated
The Sixth Swedish National Pension Fund (the Sixth AP Fund) has led a USD 13m funding round for ASSP-based chipsets company Xelerated alongside existing investors Accel Partners, Alta Partners, Amadeus Capital Partners and Atlas Ventures.
UK - TPG Capital appoints new vice president
TPG Capital has appointed Jacob Polny as a vice president in its London office.
UK - Providence and Carlyle to join Blackstone bid for Informa
Blackstone is believed to be talking to Providence and Carlyle to arrange a joint bid for specialist business-to-business information provider Informa. It has been reported that a syndicate of banks led by JP Morgan has been lined up to provide most of...
CEE - Warburg Pincus and Apax bid for Seznam.cz
According to sources, Warburg Pincus and Apax Partners have submitted bids for the Czech Republic's largest internet server Seznam.com.
US - Linklaters hires Jeffrey Schmidt for New York office
Linklaters has appointed Jeffrey Schmidt as partner in the New York office.
UK - Duke Street moves offices
Duke Street has moved its UK office in London to Wigmore Street.
IRELAND - Elan receives bids for EDT
Reports suggest that biotechnology company Elan Corp Plc has received first-round bids for its drug delivery unit Elan Drug Technologies (EDT), with private equity firms TPG Capital and Bain Capital thought to be potential buyers. The sale is hoped to...
UK - NVM appoints David Inman
NVM Private Equity has appointed David Inman as financial controller in Newcastle.
GLOBAL - Permira beefs up Asian presence
UK-based buyout house Permira has appointed longtime Goldman Sachs banker Henry Chen as its head for Greater China.
RUSSIA – Aurora Russia hires Dan Collison Koch
Aurora Russia has hired Dan Collison Koch as a non-executive director.
UK - Acuity invests £4.5m into Connect 2 Media
Return investor Acuity Capital has supported games platform Connect 2 Media with £4.5m.
CEE - Capexit acquires Bread & Co
Capexit has wholly acquired Serbian bakery chain Bread & Co.
FRANCE - AXA PE ups stake in Carbone Lorraine
AXA Private Equity has increased its holding in listed electrical and materials company Carbone Lorraine from 10.5% to 11.43%.
UK - Rainbow Seed Fund invests £750,000 into LiteThru
The Rainbow Seed Fund and the Oxford Technology Enterprise Capital Fund have led a £750,000 investment round for drug analysis company LiteThru Ltd.
UK - Advent backs EUR 15m SEP funding
Return investor Advent Venture Partners, alongside Generali Insurance subsidiary BSI, has invested EUR 15m in a second round of funding for pharmaceuticals business Speciality European Pharma Ltd (SEP).
NORWAY - Tandberg in discussion with private equity firm
Norwegian video conference systems group Tandberg ASA has announced that it has been approached by a private equity player regarding a potential takeover offer. According to reports, analysts estimate a potential bid price to be around NOK 130 to NOK...