News
UK - Q1 '08 unquote" statistics reveal slowdown
Unquote's quarterly look at market activity and sentiment reveals what most industry players already knew - deal activity is down markedly across the board on this time last year, with a majority predicting that this downward spiral is set to continue....
FINLAND – Nordic Capital makes EUR 1.1bn offer for TietoEnator
Nordic Capital has launched a EUR 15.50 per share public tender offer for TietoEnator, an IT services company. The offer corresponds to a premium of 6.2% to the 6 month volume-weighted average share price and a 38% premium to the closing price of EUR...
ITALY – Record year for Italian private equity
Private equity in Italy reported a record year in 2007 with EUR 4.2 bn invested in more than 300 deals.
SWEDEN – Vin & Sprit goes to Pernod Ricard
EQT, Ratos and Nordic Capital have lost out to spirit giant Pernod Ricard in the race to acquire part of Vin & Sprit. The French drinks company paid EUR 5.63bn for the business, which was significantly higher than the other bids.
NORWAY – HitecVision acquires 60% of drilling company
HitecVision V has made its first acquisition by obtaining 60% of Hitec Products Drilling (HPD), a provider of drilling solutions and intervention systems for the oil and gas industry, for an undisclosed sum.
FINLAND – Eqvitec buys majority stake in Scaninter
Eqvitec Technology Fund III, together with Finnish Industry Investment Ltd, have acquired a majority stake in Oy Scaninter Nokia Ltd, a vertical access equipment manufacturer, for an undisclosed value.
SWEDEN – Valedo invests in Bindomatic
Valedo Partners has acquired Bindomatic, a Swedish thermal binding company, for an undisclosed value. The previous owner, Sture Wiholm, will retain a significant minority shareholding.
UK - Octopus hires new investment manager
Octopus Private Equity has hired Mark Fowler, a former KPMG corporate finance adviser, as investment director.
UK - Close Brothers backs £142m buyout of crane company
Close Brothers Private Equity has backed the ТЃ142m buyout of Energy Crane International from its parent LMS Capital plc. Energy Crane supplies crane and lifting equipment maintenance and support services to the offshore oil and gas sector.