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Take-privates are on the up in a market with stocks down and debt still available. But shareholders are still rejecting many bids, causing headaches for buyout houses. Linn Ronning investigates
ITALY - Candover acquires 40% stake in Technogym
According to reports, Candover has acquired a 40% stake in fitness equipment supplier Technogym.
RUSSIA - Icon acquires Delta Bank
According to sources, Icon Private Equity has acquired 49% of Ukrainian bank Delta Bank in a deal reported to be worth USD 350m.
SPAIN - 3i backed-Global Energy Services acquires WKA
3i backed-Global Energy Services (GES) has acquired 100% of German maintenance company WKA-Service Fehmarn. 360 Corporate and Hauck & Aufhäuser Corporate Finance GmbH acted as advisers to the transaction.
GERMANY - Argantis to sell NordSüd
Argantis has sold its majority stake in NordSüd Speditionsgesellschaft mbH to BIP Investment Partners and the company's management for an undisclosed amount.
NORWAY - Norvestor completes recapitalisation of Elixia
Norvestor Equity has completed a refinancing worth approximately EUR 100m of Elixia Nordic ASA, the Nordic fitness chain, fully returning the original investment to the investor.
AUSTRIA - Earlybird and Delta lead investment in Miracor
Earlybird and Delta Partners have completed a Series-A financing round of EUR 6m for medical technology company Miracor GmbH.
UK - Ferd Ventures leads USD 30m investment into ARKeX
Oslo-based Ferd Ventures has led a USD 30m financing round for geophysical surveys provider ARKeX, alongside existing investors Energy Ventures and Scottish Equity Partners.
FRANCE - Advent takes stake in Gérard Darel
Advent international has acquired a stake in fashion retailer Gérard Darel. The investment will be used to realise the company’s expansion plans.
UK - Boots banks to sell down another £650m
Deutsche Bank, Citigroup and JP Morgan are reportedly preparing to sell down another £650m of the senior debt notes remaining on their balance sheets from KKR's 2007 acquisition of Boots, at a discount of 92% to face value.