News
NORWAY - Reiten-backed NEAS enters agreement with Norwegian Property
Reiten & Co-backed NEAS, a Norwegian facility management company, has entered into an agreement with Norwegian Property to manage all its commercial properties, which are mainly based in Oslo and Stavanger.
DENMARK - AAC Capital and Polaris in BabySam MBO
AAC Capital Partners and Polaris Private Equity agreed to acquire a majority stake in BabySam as part of an management buyout of the business for an undisclosed value.
ITALY – Palladio acquires industrial manufacturer Emer
Palladio Finanziaria has acquired specialised industrial manufacturer Emer in a club deal led by Pop Milano Venice which also included Mps Capital Services and Efibanca. The value of the transaction has not been disclosed but according to sources it is...
UK - European Capital completes £36m refinancing of Avery Weigh-Tronix
European Capital has refinanced portfolio company Avery Weigh-Tronix Holdings Ltd with ТЃ36m of senior credit facilities provided by Royal Bank of Scotland and HSBC. The refinancing follows the disposal of Averyтs food retail weighing business and will...
TURKEY - AIG sells AFM Cinema
AIG investments has sold its 51.91% share in AFM Uluslararasi Film, a cinema and entertainment company, to A1 Group Ltd, the key investment group of Alfa-Group Consortium.
SPAIN – First Reserve acquires Gamesa Solar
US-based private equity house First Reserve Corporation acquired energy producer Gamesa Solar from Gamesa, in a deal valued at approximately EUR 261m.
NORWAY - HitecVision V closes on $800m hardcap
HitecVision has received commitments of $800m for HitecVision V L.P, closing on its hardcap. The fund far exceeded its $600m target and was significantly oversubscribed. The vehicle has a 10+1+1 lifespan with a 5 year investment period.
SWEDEN – Industrifonden injects SEK4m in Quickomat
Industrifonden has invested SEK 4m in Quickomat AB, a Linköping-based company that develops and sells self-service machines for bus fares, trains fares and pay-as-you-go mobile phones amongst others.
NORWAY – Viking Venture III closed on NOK 500m
Viking Venture III has closed on NOK 505m. Investors in the fund include, Argentum, Formuesforvaltning, Gjensidige Forsikring, Jebsen Asset Management and DnB Nor.
NETHERLANDS - Deutsche Beteiligung buys ICTS Europe
Deutsche Beteiligung and DBAG Fund V have together acquired ICTS Europe, a company specialising in security services for airports and airlines, for EUR 100m. A co-investment by ICTS Europe's management is planned.
NORWAY – Borea invests in Ocea
Borea Opportunity II AS has invested in Ocea Holding AS, a supplier of technology to the fish farming and aquaculture industry.
NORWAY – Altor to delist AGR Group
According to Norwegian press, Altor is set to make a bid to re-acquire Norwegian-listed oil services company, AGR Group, after its share price plummeted from NOK 47 in 2006 to NOK 28.10 today.
UK - Close Growth Capital acquires Blueberry from 3i for £12m
Close Growth Capital has backed the ТЃ12m secondary management buyout of ambient food supplier Blueberry Group Ltd from 3i. 3i acquired Blueberry in 2005.
ITALY - Opera leads Vetrerie Riunite buyout
Opera has led the acquisition of glass manufacturer Vetrerie Riunite alongside private equity operator DGPA. The investors have acquired 52% and 24% stakes respectively. The remaining 24% is held by the vendors who reinvested in the company.
ITALY - Intesa Sanpaolo leads investment in Gruppo Margaritelli
Intesa Sanpaolo led the acquisition of a 10% stake in flooring company Gruppo Margaritelli alongside BCC Private Equity 1 in a deal valued at approximately EUR 9m.
SPAIN - Innova 31-backed Infinitec opens new round of financing
Innova 31-backed cosmetics company Infinitec has launched a new round of financing hoping to raise EUR 1m in private equity and industry investments.
SPAIN – Private equity interest in Kelme sportsware
Private equity house Tirant, supported by the Valencia Finance Institute (IVF) and the regional government are among the bidders for sport shoes company Kelme.
LUXEMBOURG - NautaDutilh appoints two new partners
Benelux law firm NautaDutilh has appointed Jean-Marc Groelly and Jean-Michel Schmit as partners in the firm’s Luxembourg office.
UK - Beringea backs MBO of Path Group
Beringea has backed the ТЃ7m management buyout of Path Group Plc, distributors of consumer electronic accessories. Beringea invested from its ProVen VCT and ProVen Growth & Income VCT funds for this deal.
UK - Endless closes fund on £164m
Endless LLP has reached the first and final close of its new investment vehicle, Endless Fund II, with commitments totalling ТЃ164m. This is in excess of the firmтs original target of ТЃ120m. The close heralds the establishment of the first institutionally-backed...
UK - Nova appoints new investment partner
Nova Capital Management has announced that Mike Nevin has joined the team as an investment partner. Previously chief financial officer of Hi-Tec Sports Group, Nevin started his career with Deloitte, later working in Transaction Services at PriceWaterhouseCoopers....
GERMANY - Neuhaus Partners finances Telcast
Neuhaus Partners has, together with business angels Stefan Wiskemann and Ulrich Brunet, invested an undisclosed sum in media company Telcast Media Group GmbH.
CEE - Penta buys Mecom Group
Penta has acquired Mecom Group, Slovakia's largest meat processing company. Last Wednesday, Penta submitted a request for approval to the Slovak Antitrust office.
EUROPE - New fund Vitruvian closes on EUR 925m
New middle-market private equity firm, Vitruvian Partners, has closed its maiden fund, Vitruvian Investment Partnership (VIP), on EUR 925m, exceeding its EUR 900m target.