News
UK - Apax backs spin-out of Sense
Apax Partners has led the buyout of biotechnology company Sense Proteomic Ltd from biosciences tools company Procognia Ltd.
SPAIN – Banesto backs leisure management firm
Enisa SEPI Desarrollo, a private equity fund managed by Banesto and the Collosa group, has invested EUR 4m in leisure centre management firm Gaia Gestión Deportiva, taking a majority stake in the business.
ITALY – DLA Piper head of banking to join Jones Day
According to reports, Francesco Squerzoni, head of banking and structured finance at DLA Piper’s Italian practice, is quitting the company to join US firm Jones Day’s local team.
CEE - Warburg Pincus sells Euromedic to ALS and Merrill Lynch
Ares Life Science (ALS) and Merrill Lynch's private equity arm have acquired Hungarian healthcare provider Euromedic International from its current shareholders including Warburg Pincus. The deal originated through a Rothschild-led auction, in which several...
SPAIN - Cuatrecasas opens China office
Spanish law firm Cuatrecasas has been authorised to open a branch office in Shanghai. The new office, which will be headed up by senior associate Omar Puertas, will aim to assist Iberian clients in making Chinese investments as well as to advise on Chinese...
SWITZERLAND/FRANCE – Argos Soditic divests food companies after one month
Argos Soditic has agreed to sell Roland Murten AG and Cansimag France SA to Swiss food company Cornu SA for an undisclosed amount. This follows just one month after Argos Soditic acquired the two businesses, together with a third company, Kägi Söhne...
SWITZERLAND – BayTech leads USD 3m funding round for Ads-Click
BayTech Venture Capital has led a USD 3m second funding round for online advertising company Ads-Click. An initial investment of USD 4m investment was concluded in March 2007.
BENELUX/GERMANY - Waterland closes EUR 800m fund
Waterland has closed Waterland Private Equity Fund IV (WPEF IV) on EUR 800m, three months after its launch.
GLOBAL - 3i Infrastructure raises fresh funds
Despite the current sombre economic backdrop, 3i Infrastructure has launched a £114.6m new share issue to increase its warchest for investing in global infrastructure assets. The firm is issuing just over 108 million new shares at a price of 106 pence...
UK - B&B shareholders react angrily to TPG rights deal
Investors in struggling buy-to-let lender Bradford & Bingley (B&B) have expressed anger over the banks announcement that it will grant private equity firm TPG Capital anti-dilution rights to protect its planned £179m investment.
EUROPE - Industri Kapital re-brands as IK Investment Partners
Industri Kapital has changed its name to IK Investment Partners (IK) to mark the evolution of the firm’s investment and geographic focus.
GLOBAL - TPG en route to closing record buyout fund
TPG Capital's latest fund is well on course to top Blackstone Group's record USD 21.7bn offering last year, reports suggest. The news comes just a day after it was reported that China's State Administration of Foreign Exchange has invested more than USD...
NORWAY - Norvestor acquires 70% of RenoNorden
Norvestor V LP has acquired 70% of waste collection company RenoNorden AS for an undisclosed sum. The previous owners and the management retain a 30% stake in the business.
SPAIN – Axis takes 5% stake in food company
Axis Participaciones Empresariales has taken a 5% stake in preserve company Isabel, which is owned by the Garavilla Family.
ITALY – Intesa Sanpaolo backs outsourcing firm
Imi Investimenti, part of the Intesa Sanpaolo Group, has acquired a 14% stake in outsourcing company Data Service through portfolio company Praxis Calcolo, one of Imi’s portfolio companies.
GERMANY - TVM Capital leads funding round for Winbox
Lead investor TVM Capital and angel-entrepreneur Robert Schneider have completed a first round of financing for Winbox Technologies AG, a provider of OEM technology solutions for Windows-based TV-centric consumer electronics.
SPAIN – Candover-backed Parques Reunidos acquires Kennywood
Candover portfolio leisure company Parques Reunidos has acquired US company Kennywood Entertainment, increasing the number of parks it controls to 67.
UK - Advent set to submit second round bid for Craegmoor
Advent International is set to submit a second round bid to acquire Craegmoor Heathcare, a care home provider, reports suggest.
UK - Sovereign Capital portfolio company acquires Sureway Gas
Sovereign Capital-backed Kinetics Group, a provider of maintenance services to the social housing sector, has acquired heating and plumbing contractor Sureway Gas.
GLOBAL - China invests USD 2.5bn in TPG fund
China's State Administration of Foreign Exchange has agreed to invest more than USD 2.5bn in the latest TPG fund.
BELGIUM - Carlyle completes exit from Transics
Carlyle has sold its 42.2% stake in Transics, a provider of on-board computers and fleet management solutions for the transport and logistics sector, to Parcom. The transaction consisted of a block trade covering 16.5% of the outstanding share capital...
UK - YFM invests £300,000 in eflow
YFM Group managed South West Ventures Fund has invested £300,000 in eflow Ltd, a specialist software developer for the banking and financial industry.
NORWAY - Altor sells 50% of Lindorff to Investor
Altor has sold 50% of Lindorff Group AB, a debt collections company, to Investor AB in a transaction that values the company at an enterprise value of EUR 1.16bn. Altor retains the remaining 50%.
UK - Bayside closes H.I.G. Bayside fund II at USD 3bn
Bayside Capital, the distressed debt affiliate of H.I.G. Capital, has held the first and final closing of its H.I.G. Bayside II fund with total commitments of USD 3bn.