News
CEE - Advent backs Dufa Deutek
Advent's portfolio company Dufa Deutek, a Romanian decorative paints producer, has acquired Bengoss, a mortar and core adhesives producer in the Romanian market, for EUR 19m.
SWEDEN - Sixth AP Fund acquires 25% of Atlas Design
The Sixth AP Fund (AP6) has acquired a 25% stake in Atlas Design AB, a family owned accessories fashion house. The business was founded in 1943 by the Landow family.
NETHERLANDS - Friesland Bank acquires 70% of Vandervalk+Degroot
Friesland Bank Investment has acquired 70% of Vandervalk+Degroot, formerly wholly owned by the Van der Valk family.
EUROPE – DN Capital reaches EUR 50m first close
Unquoteт has learned from a limited partner that European early stage and growth equity investor DN Capital has reached a first close of its second fund, Global Venture Capital II (GVC II). The fund raised just under half of its EUR 100m target and should...
GERMANY – Private equity bids for Evonik
According to press reports, Blackstone, Bain Capital, Kohlberg Kravis Roberts (KKR) and CVC Capital Partners are still bidding for a 25% stake in chemicals concern Evonik. A total of eleven private equity funds had expressed an interest, out of which...
GERMANY - SHS sells pharmaceutical company Novosis AG
VC funds under the management of SHS Gesellschaft für Beteiligungsmanagement have sold their stakes in Novosis AG to Schweizerhall Holding AG. The deal valued the company at around EUR 90m. Schweizerhall Group has held a 49% in the company since March...
UK - MTI holds first close of university fund
MTI and The University of Manchester have held a first close of UMIP Premier Fund on тЌ42m. The fund will focus exclusively on spin-outs from The University of Manchester.
SWITZERLAND – Invision acquires SEG
Invision Private Equity AG has acquired a majority stake in Swiss Education Group Ltd (SEG) from the founder, who remains a minority stakeholder and president of the administrative board.
FINLAND - Sunstone Capital recruits new partner
Sunstone Capital has recruited Pekka Vartiainen, former head of Nokia Mobile Phones Americas in the US, as partner. He will become part of Sunstone’s technology team and will be based in Finland.
UK - Inflexion buys out subsea vehicle specialist
Inflexion Private Equity has acquired SMD, a designer and manufacturer of remotely controlled subsea vehicle systems.
UK - Statistics show recycled deals prop up deal flow
Secondary buyouts accounted for over half of all exits by value in 2007, with deal value reaching a record ТЃ14.4bn on the back of 124 transactions, according to data released today by CMBOR. This is nearly double the ТЃ8bn recorded in 2006. The number...
UK - SEP and Energy Ventures invest £4m in Futuretec
Scottish Equity Partners and Energy Ventures have invested ТЃ4m in oil and gas wells casing technology company Futuretec.
SPAIN - Caja Madrid backs bridal firm
Caja Madrid and the private equity firm of the government of Madrid have acquired a 20% stake in bridal company Grupo Nupcial Novissima in a capital expansion deal valued at EUR 3m.
UK - Inflexion sells stake in Tekton for £21m
Inflexion Private Equity has sold it stake in software provider Tekton Group for ТЃ21m to Sage.
UK - LDC backs buyout of Ego
LDC has backed the insitutional buyout of Mediterrean-style restaurant group Ego through the management team of restaurant chain La Tasca.
ITALY – Magenta-owned Cifa receives Chinese offer
According to reports, Magenta-owned Cifa has received an offer from Chinese heavy machinery manufacturer Changsha Zoomlion Industry Science and Technology Development in conjunction with other partners.
GERMANY/USA - CBR portfolio company makes acquisition
CBR Management GmbH, which manages EquiVest I, has acquired Erwin Behr Automotive business via its portfolio company Sellner-Group. The deal was structured as a combined asset deal in Germany and a share deal in the US. Financing was provided by internal...
SWEDEN - STING Capital invests SEK 2m in HULU
STING Capital has injected SEK 2m in HULU, a Swedish Wimax business.
FINLAND - Klikki secures funding from Rite Ventures
Rite Ventures has invested an undisclosed amount in Klikki, an online display and search marketing company.
SWEDEN - SLS Ventures in ONCOlog Medical investment
SLS Ventures has participated in a SEK 25 share issue in ONCOlog Medical AB, an Uppsala-based medical technology business, together with existing investor LinkMed which has invested SEK 5m in the round.
UK - Braveheart invests in AppShare
Braveheart Investment has taken part in a ТЃ180,000 funding round in software developer AppShare Ltd alongside University of Strathclyde.
UK - Shackleton acquires Powercore
Shackleton Ventures has provided funding to its portfolio company inglobal Ltd to acquire Powercore, a provider of sale, rental and provision services for mid-range hardware products.
UK - 3i invests £50m in Hyperion
3i has invested ТЃ50m in insurance, brokerage and underwriting specialist Hyperion Insurance Group, in a deal valuing the company in excess of ТЃ120m. 3i has invested for a minority stake.
UK - Top Technology in £10m funding round for Oxford NanoLabs
Top Technology Ventures and existing investor IP Group have invested ТЃ1.4m and ТЃ1m respectively in Oxford University spin-out company Oxford NanoLabs Ltd.