News
SWITZERLAND - Capvis Equity III L.P. closes on EUR 600m
Capvis Equity Partners AG has closed its latest fund, Capvis Equity III L.P., on its hard cap of EUR 600m (CHF 1bn). The fund was substantially over-subscribed, exceeding its original target of EUR 500m.
FRANCE - Weinberg Capital Partners strengthens team
Weinberg Capital Partners has appointed Benoît Guigou as an analyst. Guigou joins Weinberg CP after three years at Ernst & Young.
NETHERLANDS - EdRIP leads EUR 23m deal
Edmond De Rotschild Investment Partners has led a EUR 23m series-C financing round for therapeutic antibody company PanGenetics. The round also included contributions from existing investors Index Ventures, Forbion Capital Partners and Credit Agricole...
SPAIN – Arcano launches new fund-of-funds
Investment bank Arcano has launched its second fund-of-funds, Global Opportunity Fund, with a target of EUR 250m.
UK - LDC backs Omega Red
LDC has backed the buyout of lighting protection and electrical earthing systems business Omega Red.
UK - Charterhouse acquires Tunstall for £514m from Bridgepoint
Charterhouse Capital Partners has purchased telecare systems business Tunstall Group from incumbent backer Bridgepoint in a ТЃ514m deal.
ITALY – Batra brothers and Barclays acquire sports brand Fila
Indian brothers Rajiv and Rajesh Batra, alongside Barclays Ventures, have acquired sports clothing manufacturer Fila in a deal valued at approximately EUR 100m.
SWEDEN – Moberg Derma attracts SEK 40m in share issue
Swedish pharmaceutical company Moberg Derma has attracted SEK 40m (EUR 4.3m) from the Baltic Sea Foundation and other private investors in a new share issue. The company has now raised SEK 73m (EUR 8m) since its founding in 2006.
ITALY – Private equity interested in fashion house Cavalli
According to reports a number of private equity firms have shown an interest in bidding for prêt-à-porter house Roberto Cavalli.
FRANCE - CM-CIC Capital Privé backs buyout of EPS
CM-CIC Capital Privé has acquired industrial cleaning company EPS. CM-CIC funded the deal through its FIP Select Paris Rhône 5 and FIP Select France 6 funds.
CEE - CVC recruits Istvan Szoke
CVC has recruited Istvan Szoke to build its business in Central and Eastern Europe. The nomination will be effective from April 2008.
GERMANY - Grainville Baird leads buy-out of Siemens division
A consortium including Granville Baird and T-Mobile Venture Fund have acquired the wireless modules business of Siemens AG for an undisclosed sum. The transaction is expected to close in the second quarter of 2008.
SWEDEN - Vin & Sprit negotiation enters silent period
Four corporations and private equity firms remain in the final stages of the fight for Vin & Sprit. EQT and Investor AB have joined forces to make a bid for the spirit giant together.
UK – Aberdeen injects £7m into FMG
Aberdeen Asset Managers Private Equity has invested ТЃ7m for a significant minority stake in FMG Support Limited, the largest independent fleet performance improvement company in the UK .
UK - ETF raises £110m for first fund
Environmental Technologies Fund (ETF) has reached a final close on ТЃ110m for its debut fund, exceeding its original target of ТЃ100m.
SPAIN – Rhône Capital interested in wholesaler El Árbol
According to reports, French firm Rhône Capital is considering a bid for Spanish wholesaler El Árbol.
UK - Advent Ventures leads $24m ORECon deal
Advent Venture Partners has led a $24m round into wave energy device developer ORECon.
SPAIN – Proa Capital and Apax battle for biscuit company
Proa Capital and Apax-backed bread company Panrico are among the candidates bidding for biscuit manufacturers Marbú Dorada and Chiquilín.
UK – YFM in £6m MBO of Fishawack
YFM Private Equity has invested ТЃ2.55m to back the ТЃ6m MBO of Fishawack, a specialist medical communications business. Other investors included the Chandos Fund which invested ТЃ2.05m and the British Smaller Companies VCT which invested ТЃ0.5m. Co-op...
UK – Aberdeen injects £7m into FMG
Aberdeen Asset Managers Private Equity has invested ТЃ7m for a significant minority stake in FMG Support Limited, the largest independent fleet performance improvement company in the UK .
UK - HSBC backs £77m SBO of Britton Group
HSBC Private Equity has acquired plastic packaging manufacturer Britton Group from LDC for ТЃ77m.
UK - Palamon appoints new VP
Palamon Capital Partners has appointed Valerio Boccardi as a Vice President.
GERMANY - Halder closes GIMV Germany II on EUR 325m
In a time when many international GPs are raising large funds for distressed assets, Halder has bucked the trend to raise a traditional mid-market buy-out fund. GIMV Germany II reached its hard cap of EUR 325m after just three months, comfortably surpassing...
GERMANY - Granville Baird bolsters Hamburg team
Moritz Freiherr Schenck and Matthias Zillmer have joined the Hamburg office of Granville Baird as partners.