News
FRANCE - Granville Baird portfolio company makes acquisition
Granville Baird's portfolio company Zarges Tubesca Group has acquired aviation ground equipment company Group Albret. The transaction was financed with a debt-only package.
UK - AFM invests £2.5m in ULive
Alliance Fund Managers (AFM) has invested £2.5m through the Merseyside Special Investment Fund's Liverpool Seed Fund into ULive Plc, a company that commercialises intellectual property generated by the University of Liverpool.
GERMANY - Lonestar and Ripplewood still bidding for German bank IKB
According to reports, the three bidders still in the race for troubled German bank IKB, which is expected to fetch a purchase price of EUR 500m, include private equity firms Lonestar and Ripplewood. The third suitor is Swedish bank SEB, said to be the...
SPAIN - Riverside appoints director
Riverside has appointed Juan Barnechea as a new director of origination within its Iberian team. In his role he will also liaise with European financial institutions.
NORWAY - FSN Capital III closes on EUR 375m
FSN Capital Partners has closed its third fund, FSN Capital III, on EUR 375m, exceeding its EUR 300m target. The fund was substantially oversubscribed.
SWEDEN - Industrifonden leads SEK 15m investment into ScandiDos
Industrifonden has led a SEK 15m funding round for ScandiDos AB, an Uppsala-based developer of a system for the quality control of cancer treatments.
FRANCE - Weinberg Capital Partners strengthens team
Yann Ballan has been appointed Vice-President at Weinberg Capital Partners and will oversee the acquisition and management of real estate assets.
AUSTRIA - Morgan Stanley and BAST invest in Breitenfeld
Morgan Stanley Private Equity and BAST Investment Group have acquired a 38.5% stake in specialty steel producer Breitenfeld AG from the majority shareholders Fides Privatstiftung and Fortis Privatstiftung, who recently bought back the shares owned by...
UK - SWFs consider investment in Barclays
Several Sovereign Wealth Funds, among them Singapore's Temasek Holdings and the Qatar Investment Authority (QIA), are considering backing a share issue by Barclays.
NETHERLANDS – Icos and Capricorn invest in Ensartech
Icos Capital and Capricorn Cleantech Fund have invested in Ensartech, a Dutch company specialising in waste conversion technology.
UK - NBGI completes £16m Rock Asphalt acquisition
NBGI Private Equity has acquired roofing provider Rock Asphalt in a £16m buyout.
UK - Solon hires investment associate
Solon Ventures has hired Shufan Lin as investment associate.
GERMANY - Equita acquires Karl Eugen Fischer Holding from Halder
Equita GmbH & Co Fonds 3 KGaA has purchased a majority participation in Karl Eugen Fischer Holding GmbH, through a secondary buyout from funds managed by Halder Beteiligungsberatung for an undisclosed amount.
SPAIN – Ahorro Corporación sells electronics firm to Siemens
Ahorro Corporación has sold electronics firm Fábrica Electrotecnica Josa (BJC) to Siemens.
ITALY - DLJ Merchant Banking backs Guala MBO
According to reports, DLJ Merchant Banking Partners, the private equity arm of Credit Suisse, will back the management buyout and subsequent delisting of Guala Closures, a maker of spirit and wine bottle tops.
FRANCE - EUR 2bn Converteam deal provides partial exit for BPE
According to reports, Barclays Private Equity (BPE) has completed a partial exit of power conversion engineering company Converteam in what is set to be the largest secondary buyout of the year, with a value of around EUR 2bn, backed by LBO France.
GERMANY - BPE makes tender offer for Computerlinks
Barclays Private Equity (BPE) has announced a tender offer to shareholders of IT services provider Computerlinks AG. The acquisition vehicle Platin 274.GmbH, in which a fund managed by BPE holds an indirect participation, intends to offer to Computerlinks'...
UK - Bridgepoint interested in Aero Inventory
Aircraft component supplier Aero Inventory has reportedly received an approach from Bridgepoint to buy the company for 720p per share.
FRANCE - LBO France to divest Cegelec
According to reports, LBO France and the management team have entered exclusive negotiations with Qatari Diar after seeing around ten offers tabled for electrical engineering group Cegelec. The asking price is thought to be around EUR 1.7bn.
NETHERLANDS - SET and Chrysalix invest in Epyon
SET Venture Partners and Chrysalix Energy have invested in Epyon, a spin-off company of the Delft University of Technology, which develops technology and IP in the field of ultra fast charging of advanced lithium-ion batteries.
ITALY – Wise backs two pharmaceuticals company
Wise Sgr has acquired a majority stake in Eurodifarm and Pucci Express, both companies operating in the pharmaceutical logistics sector.
GERMANY – Granville Baird said to exit Balzac Coffee
According to reports, Granville Baird, along with other existing stakeholders, is in advanced talks to exit coffee house chain Balzac Coffee. The interested parties are said to be strategic investors from France and the UK.
UK - Carlyle to sell Imo Car Wash property assets
Carlyle Group is planning to sell the property assets of car wash company Imo Car Wash in an effort to raise additional capital.
UK - Phoenix set to invest in White Stuff
According to reports, Phoenix Equity Partners is in advanced talks to acquire a minority stake in clothing brand White Stuff.