News
NETHERLANDS - AIG divests InterGen in USD 1.1bn sale
AIG Highstar Capital II has sold its 50% stake in InterGen, a power generation company, to Indian infrastructure company GMR for approximately USD 1.1bn.
UK - SEP joins £6.5m Fotech funding round
Scottish Equity Partners, US firm Energy Ventures and Saudi Arabian investor Shoaibi Group have backed energy technology company Fotech group with a £6.5m investment.
GERMANY - Uwe Steininger to join Beiten Burkhardt
Beiten Burkhardt has hired former Hogan & Hartson partner Uwe Steininger to boost its Munich office.
CEE: emerged, but still enticing
Returns in Central and Eastern Europe (CEE) will no longer be as attractive as they have been in the last few years, though the region will continue to offer a superior risk/reward profile for investors – this was the message sent at the unquote”...
UK - Phoenix completes £95.6m acquisition of Ashtead unit
Phoenix Equity Partners has backed the £95.6m buyout of Ashtead Technology Rentals, provider of rental equipment to the offshore oil and gas sector and the environmental monitoring and testing industry, from Ashtead Plc.
AUSTRIA - PONTIS Venture Partners invests in Xendex
PONTIS Venture Partners, alongside a consortium of business angels, has participated in a EUR 2.3m first funding round for mobile games company Xendex.
ITALY - Candover-backed Ferretti prepares flotation
According to reports, Candover-backed yatch manufacturer Ferretti has presented the Consob, the first of three documents necessary to proceed with the company’s flotation on the Mta.
SPAIN - Ibersuizas acquires 50% stake in truck distributor
Ibersuizas has acquired a 50% holding in Veinsur, the main distributor of Volvo trucks, thus strengthening its position in the automotive sector. Following the acquisition, the Carrión family will retain the remaining 50% and will continue managing the...
SWEDEN - TranSiC closes SEK 24m funding round
Industrifonden, STING Capital, Volvo Technology Transfer and Midroc New Technology have participated in a SEK 24m financing round for cleantech business TranSiC. Industrifonden committed SEK 13m to the round.
NORWAY - Norvestor makes promotion
Henning Vold has been promoted to the position of partner at Norvestor Equity.
UK - Aberdeen and Core join forces
Aberdeen Asset Managers Growth Capital and VCT manager Core Capital have agreed to a tie-up that will see the two teams working together on a formalised basis.
GERMANY - KTB leads fourth funding round for MergeOptics
KTB Technologie Beteiligungsgesellschaft has led a EUR 5.3m fourth financing round for fibre optics business MergeOptics GmbH, alongside existing investors Earlybird, Target Partners and DVC.
GERMANY - CornerstoneCapital AG acquires Stanniolfabrik Eppstein
CornerstoneCapital has acquired a majority stake in technical metal foils producer Stanniolfabrik Eppstein from JL Goslar Group for an undisclosed amount, alongside co-investors including Columbus Investment AG and company CEO Dirk Mälzer.
SPAIN - Impala reaches interim closing
Impala has reached the interim closing of its second fund on EUR 150m and is expected to reach EUR 300m by June 2009.
SPAIN - Santander, RBS and DIF Renewable Energy form joint venture
Santander, RBS and Dutch infrastructure fund DIF Renewable Energy have formed SolarCap Partners, a new joint venture aimed at establishing new solar energy projects in Greece, Italy and Spain.
CEE - Alnair acquires 8% stake in Kazkommertsbank
Alnair Capital has acquired an 8.03% stake in Kazkommertsbank, Kazakhstan’s largest bank, and is planning to raise this to more than 25%.
GERMANY - Hannover Finanz acquires Giesserei Industrie Holding Isselburg
HANNOVER Finanz has acquired a 70% stake in foundry Giesserei Industrie Holding Isselburg GmbH for an undisclosed amount, with the management continuing to hold the balance of the equity.
SPAIN - SI Capital appoints new chairman
Spanish cleantech fund manager SI Capital has appointed Guillermo Briones as chairman.
SWITZERLAND - Doughty Hanson Technology Ventures sells Plazes AG
Doughty Hanson Technology Ventures has sold its stake in mobile social navigation startup Plazes AG to Nokia for an undisclosed amount. Plazes had raised VC funding from Doughty Hanson Technology Ventures as well as Esther Dyson, Marc Andreessen and Martin...
UK - Expro shareholders put Candover deal in doubt
The high court has adjourned a hearing to approve the £1.81bn takeover offer for listed oil services company Expro from a Candover-led private equity consortium following a dramatic intervention by several of the firm's institutional investors and US...
NETHERLANDS - AAC and ACP sell Sdu Identification
AAC Capital Partners and ACP have sold Dutch publisher Sdu Identification to Safran for an undisclosed sum. Sdu Identification is one of the two businesses of Sdu, which the two investors acquired in 2007.
NETHERLANDS - Madinvest et al divest Arcomet
Madinvest, NPM, GIMV and Sofinim have sold their holdings in crane company Arcomet to the management, including the CEO, who already holds 60%. Sofina and LPFI provided a mezzanine debt package to support the acquisition.
BELGIUM - GIMV doubles stake in Scana Noliko
GIMV has doubled its stake from 46.3% to 92.6% in Scana Noliko, a Belgium producer of preserved food, taking over the stake of LRM, which invested in the company in 2000. GIMV originally acquired backed Scana Noliko in 2004.
FRANCE - XAnge leads EUR 3.1m investment in Luneau Technology
XAnge has led a EUR 3.1m third round of financing for Luneau Technology, a company that specialises in the development of ophthalmic technologies. The private equity house invested EUR 2.5m via its fund XPansion, with the balance being provided by Califfe...