News
UK - Asian investors eying Apax
According to reports, three Asia-pacific based investors are interested in acquiring the 10% stake put up for sale by Apax Partners, with valuations thought to be around the USD 10bn mark.
FRANCE - Belvedere in talks with private equity
Drinks manufacturer Belvedere is reportedly in talks with several private equity houses regarding the potential sale of around 400,000 of its listed shares, representing a 15% stake in the business.
UK - Octopus appoints investment manager
Octopus Investments has appointed Matthew Setchell as investment manager.
UK - Sovereign-backed Renovo acquires 1st Saxon-Clenmay
Sovereign Capital-backed Renovo Services Group has acquired gas and electrical maintenance provider 1st Saxon-Clenmay Group for an undisclosed sum.
UK - RJD backs IPES buyout
RJD Partners has backed the buyout of IPES Holdings Ltd, a provider of outsourced fund administration services.
UK - NBGI acquires Food & Drink Group assets
NBGI Private Equity has backed the buyout of a portfolio of wine bars and pubs from Food & Drink Group Plc (F&DG) for an undisclosed sum.
CEE - Advent sells Axtone to IK
Advent International has sold rail freight buffer manufacturer Axtone to IK Investment Partners.
UK - Investec hires two
Investec Investment Bank and Securities has appointed Gareth Taylor as director in the corporate finance division and Matthew Wesley as associate director in the debt advisory team.
SPAIN - Clave Mayor increases its stake in Gocco
Clave Mayor has increased its stake in children’s fashion brand Gocco to 25% in a EUR 3.3m expansion capital deal.
ITALY - Ambienta acquires 80% stake in Italiana Pellets
Ambienta Sgr has announced it will acquire an 80% stake in bio-fuel producer Italiana Pellets in a deal valued at EUR 5.4m, with the founder, Ercole Cacciami, retaining the balance of the equity. The investment, which was structured as a capital increase,...
FRANCE - PAI-backed SPIE acquires Groupe Juret
PAI Partners portfolio company SPIE has acquired Groupe Juret, a provider of electrical solutions and air condition services.
ITALY - CAPE reaps 189% IRR from Samia divestment
Cape LIVE has divested chemical manufacturer Samia, reaping a 7.24x money multiple and a 189% IRR.
ITALY - Candover-backed Ferretti acquires Allied Richard Bertram Marine
Yacht business Ferretti, which is majority owned by Candover, has acquired US yacht broker Allied Richard Bertram Marine Group for an undisclosed sum.
GERMANY – VC-backed Curacyte AG sells subsidiary
Biopharmaceutical company Curacyte AG, which is backed by firms such as TVM Capital, AlpInvest Partners and IKB Venture Capital, has sold its subsidiary Curacyte Discovery GmbH to Medicines Co for an upfront payment of EUR 14.5m and additional payments...
GERMANY – Existing investors close new funding round for Protagen AG
Existing institutional investors MIG AG, Munich, S-Venture Capital Dortmund GmbH, and Kreditanstalt für Wiederaufbau have raised another, undisclosed round of financing for biotechnology business Protagen AG.
SWITZERLAND – Consortium invests CHF 23m into EsbaTech AG
A syndicate of incumbent investors, including SV Life Sciences, Clarus Ventures, HBM BioVentures, HBM BioCapital, Novartis Bioventures, BioMedinvest and VI Partners, has invested a further CHF 23m into biotechnology company EsbaTech AG.
ITALY - Cognetas invests EUR 25m in FullSIX
Cognetas has, alongside management, invested EUR 25m in listed hyper-marketing company FullSIX.
GERMANY - GermanCapital and Morgan Stanley back Phoenix Dichtungstechnik
GermanCapital GmbH has, alongside investment bank Morgan Stanley and buy-in managers, taken over seal manufacturer Phoenix Dichtungstechnik GmbH, a subsidiary of ContiTech AG, for an undisclosed sum.
GERMANY – Montagu reviews BSN Medical
According to reports, Montagu Private Equity has hired Morgan Stanley to evaluate strategic options for portfolio company BSN Medical.
UK - Vago and Youngblood resign from ACP board
Derek Vago and Eric Youngblood have resigned from the board of ACP Mezzanine.
CEE - EI acquires 60% of Wema for EUR 46m
Enterprise Investors (EI) has acquired a 60% stake in Polish bathroom retailer and wholesaler Wema for EUR 46m.
ESTONIA - Baltcap exits IT training firm
Baltcap has sold its majority stake in IT Koolituskeskuse OÜ, a Baltic IT training firm, to AS MicroLink Eesti for an undisclosed sum.
NORWAY - Herkules acquires Kraft’s snacks business
Herkules Capital has acquired the salted snacks business in the Nordic and Baltic countries of Kraft Foods Inc for an undisclosed sum.
UK - Catapult invests £600,000 into DigePrint
Catapult Venture Managers has invested £600,000 as part of a £1.25m funding round for DigePrint Ltd, a designer and manufacturer of digital print processors.