News
SWEDEN - Riverside acquires SPX Air Filtration
The Riverside Company, through its Riverside Europe Fund III (REF III), has acquired the Swedish based SPX Air Filtration for an undisclosed sum. A senior debt package was provided by Kaupthing Bank, while Eqvitec supplied a mezzanine tranche to support...
FINLAND - Consortiums invest EUR 7.5m into Xtract
A consortium of investors, comprising Creandum, ETF III, advised by Eqvitec Partners, and InnovationsKapital, have invested EUR 7.5m in a series-B funding round for Xtract, a social advertising company.
SPAIN - Private equity investment drops 41%
According to the latest data released by ASCRI, the first semester of 2008 registered a 41% year-on-year drop in total private equity transaction value in Spain, dropping to EUR 1.19bn and falling below the EUR 1.23bn invested in the first semester of...
GERMANY - Waterland Private Equity acquires GolfRange
Waterland Private Equity Investments has acquired a majority stake in golf company GolfRange for an undisclosed sum.
ITALY - Private equity offers too low for Cavalli
According to reports, the offers presented for fashion house Cavalli by Candover, Lion Capital, Carlyle and Texas Pacific did not match the vendor's expectations and the sale has subsequently fallen through.
ITALY - Bridgepoint acquires perfumeries
Bridgepoint has acquired two perfumeries, Linea Bellezza and Beauty Star, in a management buyout deal.
UK - Doughty Hanson completes 20:20 refinancing
Doughty Hanson has completed a refinancing of mobile phone distributor 20:20 Mobile Group.
NORWAY - Borea sells Scandinavian Electric Holding for NOK 430m
Borea Opportunity II has sold its stake in marine propulsion system supplier Scandinavian Electric Holding to Rolls-Royce in a deal valued at NOK 430m.
GERMANY – Augur acquires Veritas
Augur Capital has, via Augur Financial Opportunity SICAV, acquired financial services provider Veritas SG Investment Trust GmbH from French online financial services company Boursorama SA, a subsidiary of Société Générale-Group, for an undisclosed...
UK - Laxey Partners acquires TDG in £203m deal
Laxey Partners has agreed to buy the remaining shares it does not already own of transportation company TDG Plc in a £203m deal.
GERMANY – Consortium joins third nugg funding round
New investors European Funders Funds and VC Fonds Technologie Berlin joined for a third round of funding for nugg.ad AG, a provider of predictive behavioral targeting solutions to advertising agencies, alongside incumbent investors bmp Media Investors...
SWITZERLAND – ECM acquires stake in KADI AG
Equity Capital Management (ECM) has, together with the management, acquired Swiss convenience food producer KADI AG from its sole previous owner. No financial details were disclosed.
FRANCE - Turenne backs Mediastay acquisition of Lucky Surf
Turenne Capital, through Turenne Investissement and Hexagone Croissance 1, has backed portfolio gaming company Mediastay’s acquisition of US competitor Lucky Surf.
ITALY -Two private equity offers for MPS Asset Management
Market rumour suggests that MPS has received two different valuation offers for its asset management business from private equity firms Clessidra and Investitori Associati.
RUSSIA/CIS - EBRD to commit USD 50m to TCP Growth III
EBRD is to commit USD 50m to TCP Growth III, a fund launched by Troika with a target of USD 850m.
NORWAY - Norvestor acquires 70% of Wema
Norvestor Equity, through its fund Norvestor V, has acquired 70% of the Wema Group, a supplier of diesel and AdBlue level sensors to the heavy truck industry, for an undisclosed sum. The vendor, the Gismervik family, retains 30% stake in the company.
UK - MML backs buyout of EIC
MML Capital Partners, formerly Mezzanine Management, has led a £40m buyout of EIC, a provider of mechanical and electrical services to the public and private sectors. The Royal Bank of Scotland provided senior debt for the deal.
ITALY - Private Equity Partners opens India office
Private Equity Partners (PEP) has opened an office in Mumbai to support the international development of portfolio companies.
ITALY - Patrimonium interested in electrical appliances plant
According to reports, UK-based Patrimonium Venture Capital (PVC) is interested in acquiring an Electrolux production plant in Sacandicci in a deal valued at approximately EUR 60m.
UK - QIA looking for new partners for Four Season Healthcare
The Quatari Investment Authority (QIA) is talking to potential new partners about ways to recapitalise troubled nursing home operator Four Seasons Healthcare. Buyout house Blackstone and Infrastructure investor Macquarie are said to be among the firms...
UK - Octopus-backed AVM acquires Matrix Displays
Octopus-backed Audio Visual Machines Ltd (AVM), a supplier of integrated audio visual and video conferencing systems, has acquired audio visual services provider Matrix Display Systems Ltd in an all cash deal for an undisclosed sum.
UK - Pentech to raise £45m fund
Pentech Ventures is believed to be raising a new £45m fund, to be launched this summer.
UK - Advent appoints partner
Advent Venture Partners has appointed Mike Chalfen as general partner in its technology team.
UK - Nord Anglica to be taken private
The Baring Asia Private Equity Fund IV is taking Nord Anglica, a provider of education, training and guidance, private in a deal that values the company at approximately £190m.