News
UK - PwC appoints 4 new partners
PricewaterhouseCoopers has promoted two partners internally and hired an additional two to strengthen its strategy group, which helps corporates and private equity investors develop and appraise business plans.
SPAIN - Erkapen launches with EUR 400m fund
Erkapen, which is backed by the Basque and local governments and three Basque savings banks, has launched with a EUR 400m fund to invest in Basque companies.
CEE - RAEF reaps 6.5x returns from sale of Policolor
The Romanian-American Enterprise Fund (RAEF) has sold its 33.23% stake in Romanian paint producer Policolor to existing shareholders Romanian Investment Fund (RIF) and RC2, generating a 20% IRR and 6.5x cash on cash multiple from the investment.
ITALY - Promos chairman launches infrastructure fund
According to reports, a new EUR 700m infrastructure fund has been launched by the chairman of Promos, Bruno Ermolli. The fund will seek to invest in the development of roads, highways and similar infrastructure between Italy and countries south of the...
UK - TPG could walk away from B&B investment
Reports suggest that TPG has the legal right to abandon its £179m investment in mortgate lender Bradford & Bingley if the banks credit rating drops further.
SWITZERLAND - AXA Private Equity opens Zurich office
AXA Private Equity has opened a new office in Zurich to exploit investment opportunities coming from investors in the Swiss market.
UK - Park Place promotes new partner
Park Place Corporate Finance has promoted James Stones to partner.
UK - Foresight supports Silvigen
Foresight Group has invested £1.75m in Silvigen Ltd, a producer and supplier of biomass fuels for use in the power industry.
UK - Private equity looking into Informa
A consortium of private equity houses, comprising Providence Equity Partners, Carlyle Group and Hellman & Friedman, has approached specialist business-to-business information provider Informa regarding a potential takeover offer that would value the business...
UK - Beringea invests £1.5m in Chess Technologies
Beringea has invested £1.5m in defence subsystem supplier Chess Technologies.
SWEDEN - InnovationsKapital injects SEK 30m into Isconova
InnovationsKapital has invested SEK 30m into Isconova, a Swedish biotechnology company, together with a group of private investors.
FINLAND – Pohjola acquires Reima from CapMan
Pohjola Capital Partners has, together with the company’s management, completed a secondary buyout of Reima, a children’s clothes manufacturer, from CapMan and other owners for an undisclosed sum.
SWEDEN – CapMan exits Spintop Netsolutions
CapMan Technology has sold its stake in Spintop Netsolutions, a Swedish IT company, to Atea Sverige AB.
UK - LDC invests in Eve Trakway
LDC has invested an undisclosed sum in Eve Trakway, a supplier of temporary pedestrian and vehicle access equipment, such as roadways, footpaths, bridges and crowd control barriers, and ground protection systems which are used in major rail, communications...
UK - Sun Capital on verge of rescue deal for SCS Upholstery
Sun Capital is close to finalising the rescue takeover of furniture chain SCS Upholstery.
DENMARK - Axcel strengthens partner group
Axcel has hired Henrik Poulsen as deputy managing partner and a member of the group partners effective from 1 January 2009.
SPAIN - Abraxa leads creation of cleaning holding
Abraxa has acquired a 49.9% stake in Casologroup, a newly formed non-durable household products holding, in a deal valued at approximately EUR 10m.
FRANCE - AGF PE and Innovacom invest EUR 5m in Steek
AGF Private Equity and existing investor Innovacom have invested EUR 5m in data management business Steek in a second round of financing. In mid-2006, Steek secured EUR 2.5m in a first round of financing.
BELGIUM - GIMV acquires OTN
GIMV has acquired optical fibres-based communication network Open Transport Network (OTN) from Nokia Siemens Network for an undisclosed sum. The 80 OTN staff will be transferred to OTN Systems, a newly formed company established by GIMV and the OTN management,...
UK - Hutton Collins puts James Hull Associates up for sale
Specialist and cosmetic dental surgeons group James Hull Associates has been put up for sale by mezzanine provider Hutton Collins, with the asking price thought to be around £200m. Candover and GI Partners are believed to be among the potential bidders...
UK - Oakley acquires Monument Securities
Oakley Capital has acquired Monument Securities, a financial services company specialising in international derivatives.
UK - TPG to in bring senior management at B&B
TPG, the private equity group that is poised to acquire a 23% stake in buy-to-let lender Brandford & Bingley, has said that it is keen to bring in two key managers with banking expertise to help stabilise the bank on a temporary basis while it looks for...
GLOBAL - DIC appoints new managing director
Dubai International Capital has appointed David Smoot as managing director of its private equity team.
ITALY - 21 Investimenti supports EUR 35m MBO of Velan
21 Investimenti has acquired a minority stake in the Italian business of industrial supplier Velan from its Canadian parent company, in a deal understood to be valued at EUR 35m. The management, who previously controlled 50% of the company, have increased...