News
DENMARK - EQT recruits new Danish head
EQT has appointed Peter Korsholm to lead the firm's Danish operations from the 1st of May, replacing Ole Andersen who is stepping down.
ITALY – Ambienta reaches first closing on EUR 124m
Ambienta has reached the first closing of its first vehicle, Ambienta I on EUR 123.75m. Commitments were provided by Italian and financial institutions, industrial groups and Italian and international private investors. The second fundraising stage, which...
ITALY – Cape LIVE invests in asset management firm
Listed vehicle Cape LIVE has acquired a 10% stake in independent asset management company Zenit Sgr in a deal valued at approximately EUR 1.5m. Cape has the possibility of increasing its stake to 30% over the next three years.
GERMANY – High-Tech Gründerfond leads seed round
High-Tech Gründerfond along with business angels and strategic investor Vita 34 AG has led a seed financing round for Urotec GmbH, a tissue engineering company.
SPAIN – Seed Gipuzkoa in double investment
Basque country venture capitalist Seed Gipuzkoa has invested EUR 250,000 in chemical-pharmaceutical company Ikerchem and EUR 200,000 in database group Saludnova.
UK - Finance Wales sells Accountis to Fundtech
Finance Wales has sold electronic presentment and payment systems supplier Accountis to NASDAQ listed Fundtech for an initial ТЃ3.8m.
UK - Octopus hires new investment director
Octopus Ventures has hired Paul Humphries as investment director.
GERMANY – Neuhaus Partners sells blau Mobilfunk
Neuhaus Partners, together with the founders and other investors has agreed to sell blau Mobilfund GmbH to Dutch telecommunications company KPN. The price is rumoured to be in the range of EUR 80m to 100m.
UK - SPARK sells Identum
SPARK Ventures has realised its investment in email encryption technology developer Identum. The terms of the deal have not been disclosed.
FRANCE - Edmond de Rothschild CP takes majority stake in Sotralu
Edmond de Rothschild Capital Partners has taken a majority stake in Sotralu, alongside CEO Thierry Sainte-Claire Deville and the members of the management team, who have increased their stakes. The deal saw AXA Private Equity and former CEO Jean Prunet...
SPAIN – ProA closes EUR 250m maiden fund
ProA Capital has closed its first vehicle, ProA Capital Iberian Buyout Fund I, on EUR 250m. The generalist fund will invest in proprietary buyouts and in sectors yet to be consolidated.
CEE – Advent International buys LaborMed
Advent International has acquired pharmaceutical company LaborMed from its founders. It plans to build the company through organic growth and acquisition of companies with specialist complementary drug portfolios. It is also bringing a new senior management...
SPAIN – Magnum reorganizes management
One of the founding members of Magnum Capital, Baldomero Falcones, has left the firm and sold his stake to the remaining three partners, Angel Corcóstegui, Enrique Leyva and João Talone.
FRANCE – Carlyle closes EUR 1.1bn deal
The Carlyle Group has completed the EUR 1.1bn deal for a 37.8% stake in telecommunications companies Numericable and Completel. Carlyle acquired the shares from Altice and Cinven, both of which have retained an approximately 30% stake.
GERMANY - Cerberus rumoured to be Siemens subsidiary buyer
According to the German press, Cerberus is most likely to acquire Siemens AG's Siemens Enterprise Networks unit.
SWEDEN - Industri Kapital reaps 3x in EUR 222m exit of ELFA
Industri Kapital has sold electrical components company ELFA to Daetwyler for EUR 222m, reaping a 3x money multiple. The deal also represents an exit for management and the Jensen family.
UK - Smedvig acquires Barefruit
Smedvig Capital has bought juice bar chain Barefruit Juice through its investee company Lovejuice.
AUSTRIA - Recap acquires Sariana
Recap Management has acquired lingerie company Fashion GmbH. Sariana went into insolvency in autumn 2007 and was acquired by Steierische Beteiligungsgesellschaft STUG as a bridge owner.
UK - GLG in $100m funding round for SpinVox
GLG Partners, Blue Mountain Capital and Toscafund Asset Management have invested $100m alongside Goldman Sachs in SpinVox, a speech recognition technology group.
UK - Matrix takes reins at Income & Growth VCT
Matrix Private Equity has taken on sole-manager status at The Income & Growth VCT after Foresight Group stepped down as co-manager.
Europe - 3i abandons early-stage investments
3i Group is abandoning early-stage investments in start-up companies.
UK - Sovereign acquires Lord Group
Sovereign Capital, through its portfolio company Kinetics Group, has acquired fabric maintenance provider The Lord Group Ltd.