News
FRANCE - Avenir takes a 28% stake in Tiger Wok
Avenir Entreprises has taken a 28% shareholding in the Tiger Wok restaurant chain.
GERMANY - CVC acquires Evonik stake for EUR 2.4bn
According to reports, CVC Capital Partners has acquired the 25.1 percent stake in diversified energy concern Evonik for EUR 2.4bn from RAG Stiftung, a deal which values the company at around EUR 9.6bn, far exceeding original expectations.
GLOBAL - Intel defies economic downturn
Despite the global credit meltdown and resultant sombre sentiment in the investment markets, Intel Capital has invested more than $60m across ten deals in the last couple of weeks.
UK - L Capital et al acquire Princess Yachts
A consortium including Groupe Arnault, LVMH and L Capital has acquired yachting brand Princess Yachts International Plc, with market rumour putting the value of the deal at around £200m.
FRANCE - AXA PE closes fourth fund on EUR 1.6bn
AXA Private Equity has closed its fourth fund, AXA LBO Fund IV,on EUR 1.6bn.
UK - TPG seeks more UK bank deals
Reports suggest that TPG Capital is seeking to use its investment in Bradford & Bingley Plc as a springboard for stake-building in other banking institutions.
EUROPE – Björn Savén as executive chairman of Industri Kapital
Industri Kapital has appointed Björn Savén as executive chairman.
SPAIN - Sabadell-backed Intermas completes duel acquisitions
Intermas Nets, a plastic mesh manufacturer 20% owned by Aurica XXI, the private equity arm of Banco Sabadell, has completed the acquisitions of Nortène Jardinage France and Nortène Pro, which specialise in meshes for use in the food, gardening and do-it-yourself...
FRANCE - Demeter et al invest EUR 10m in The Le Floch Group
Demeter Partners, Ouest Croissance and CM-CIC have invested EUR 10m in waste management business The Le Floch Group.
SWEDEN - InnovationsKapital backs Syntensia with USD 3.5m
Innkap 4 Fund, managed by InnovationsKapital, has backed Syntensia, a network security company, with USD 3.5m. The deal, in which several private investors also participated, also includes the option for an additional USD 4m to be raised through a share...
SPAIN – Era Biotech looks for new private equity investor
Era Biotech, backed by BCN Emprèn, Invertec (part of Cidem), Galician fund Uninvest, and Reus Capital Riesgo (52.75%), has launched a new round of financing set at EUR 5m seeking to attract a new private equity investor.
GERMANY - Germany strong in cleantech & life sciences
According to a Deloitte & Touche survey for America's National Venture Capital Association, 43% of US VCs believe that Germany has world-leading expertise in the cleantech and life science fields. This could bode well for the future of the German venture...
SPAIN – Caixa Galicia takes 15% stake in Cafento
Caixa Galicia has taken a 15% holding in coffee retailer Cafento, with the remaining stake being held by the founding owners.
DENMARK - Anders Lindqvist joins Via
Anders Lindqvist has joined Via Venture Partners as a partner from IT Provider, where he worked for 9 years.
SPAIN – Private equity interest in Seur
According to reports, courier company Seur's shareholders have charged investment bank Arcano with the analysis of purchase offers, with several private equity houses and France's La Poste amongst those that have shown an interest in the business.
GERMANY - eCAPITAL invests in Jedox AG
eCAPITAL has led a round of funding for Jedox AG, a supplier of open source based planning, analysis and reporting solutions, alongside existing investor Klaus Wecken, co-founder and former CEO of the KHK Software AG Frankfurt.
GERMANY - Consortium backs copark GmbH
A consortium of investors, comprising High-Tech Gründerfonds, Bayern Kapital and ASTUTIA Equity Partners, has invested in parking space solutions company copark GmbH.
SPAIN – L Capital appoints new investment director
L Capital, promoted by LVMH, has appointed Susana de Antonio as a new investment director.
GERMANY - CVC leads field for Evonik with EUR 2.2bn bid
According to reports, CVC has come out on top of the four private equity bidders interested in acquiring a minority position in diversified industrial concern Evonik. CVC is thought to have offered around EUR 2.2bn for the 25.1 percent stake, beating...
SWEDEN - SVCA gets new CEO
Marie Reinus will join the Swedish Venture Capital Association (SVCA) as the new CEO, replacing Tom Berggren who has led the association for the past ten years. Reinus will resume the role on 15 August 2008.
CEE - Allen & Overy opens in Bucharest
Allen & Overy is to open an associated office in Bucharest with Romanian law firm Radu Taracila Padurari Retevoescu.
UK - TPG becomes largest shareholder in Bradford and Bingley
TPG Capital has invested £179m into struggling mortgage lender Bradford and Bingley (B&B) for a 23% stake, making the private equity firm the banks largest single shareholder.
FINLAND/US - Nexit Ventures leads USD 10m investment into Ekahau
Nexit Ventures has led a USD 10m funding round for Ekahau, a Finnish wireless technology company, together with Finnish Industry Investments, Sampo Group and other private investors.
FRANCE - Demeter Partners set to launch EUR 200m fund
Demeter Partners is set to launch its new EUR 200m fund Demeter 2. According to reports the new fund is set to be launched before the start of the summer and is expected to close before the end of 2008.