News
GERMANY - Capital Dynamics co-investment team reaps 20x returns from TGE float
Capital Dynamics' co-investment team has exited a substantial portion of its stake in TGE Marine AG, a provider of engineering solutions to the offshore gas industry, through a listing on the London Stock Exchange's AIM market, which raised around £67m...
PORTUGAL - EIF launches dedicated Portugal fund-of-funds
The European Investment Fund, alongside leading Portuguese financial institutions and the Portuguese State, has launched the Portugal Venture Capital Initiative, a EUR 111.3m dedicated fund-of-funds and co-investment programme focused on Portuguese funds...
UK - Princess joins iPEIT
iPEIT, the group of London-listed private equity investment vehicles that was formed in 2006 to increase understanding of the listed private equity sector, has expanded its membership to eleven with the inclusion of Princess Private Equity Holding Limited,...
CEE - East Capital launches real estate fund
East Capital Private Equity has launched the East Capital Russian Property Fund, a EUR 200m real estate fund designed to invest in commercial and residential properties in Russia, Ukraine and Kazakhstan.
UK - MSIF invests £3m into Vitaflo
Merseyside Special Investment Fund's (MSIF) Venture Fund has invested £3m as part of a funding package to refinance nutritional products company Vitaflo.
FINLAND/RUSSIA - CapMan buys Russian private equity firm
CapMan has acquired Russian private equity firm Norum and will take over ownership of Norum Russia Fund III, which is currently in the fundraising process. The intial purchase price is EUR 3.4m, which will increase as the fund size increases.
ITALY - Cape increases its stake in Castaldi
Cape Natexis has acquired the 22.5% stake held by the founding family of lighting fixtures company Castaldi, in which it is already a majority shareholder.
UK - Electra holds final closing of £100m fund
Electra Partners has closed a new £100m fund designed to invest alongside its principal listed vehicle, Electra Private Equity Plc, in private equity investment opportunities mainly in the UK and Western Europe.
UK - Smedvig supports Ocean Outdoor with £5.5m
Smedvig Capital has invested £5.5m into Ocean Outdoor, a manager of large scale advertising sites.
FRANCE - Close Brothers hires new managing director
Close Brothers has hired Gwénaël de Sagazan as managing director in its French office.
UK - Balderton appoints new partner
Balderton Capital has appointed Dharmash Mistry as a new partner.
ITALY – Ferax acquires Lazzaroni
Ferax Merchant has acquired approximately 90% of biscuit manufacturer D Lazzaroni & C in a deal valued at EUR 25m. The remaining stake will be held by the family vendors.
UK – Halliburton goes head to head with Candover for Expro
According to reports, US oil-field services giant Halliburton has launched an all-cash offer for listed British rival Expro International valued at £1.7bn, surpassing the £1.61bn bid presented by a consortium led by Candover last month.
GERMANY – JC Flowers launches public tender offer for Hypo Real Estate
JC Flowers has launched a EUR 1.1bn public tender offer for German Hypo Real Estate, representing 24.9% of the company’s capital, which will remain open until 23 June.
SPAIN – Clave Mayor-backed Red Karaoke announces new appointments
Clave Mayor-backed online music platform Red Karaoke has announced the appointment of Justin D. Abbott and Fernando Ara as part of the company’s plan to launch the service in the US.
SPAIN - ASCRI celebrates frist Spanish private equity awards
ASCRI celebrated its first Spanish Private Equity awards on 22 May, open to all firms operating in the country that completed exits during 2007.
UK - UPF seals first deal
MTI Partners' recently launched fund UMIP Premier Fund (UPF), targeting University of Manchester spin-outs, has invested £1m into Myconostica, a medical diagnostics company, as part of a £5.4m funding round.
ITALY – Alto Partners acquires plumbing firm
Alto Partners has acquired 100% of Rubinetterie Toscane Ponsi a company specialising in the manufacture of tabs and mixers through its fund Alto Capital II.
RUSSIA - Lion Capital to acquire Russian Alcohol
Lion Capital is to acquire a majority stake in Russian Alcohol Group. Goldman Sachs and Central European Distribution Corporation, a vodka producer in Poland and Russia, will also co-invest in the company.
GERMANY - Hogan loses two partners
According to reports, Hogan & Hartson's Munich office will lose two partners at the end of the month.
SPAIN – Quercus to sell video communications specialist
According to sources, Quercus Equity is preparing the sale of video communications specialist Imago (formerly Odeco), a group that has been created from the merger of four companies acquired by Quercus over the last two years. The price tag could range...
UK - Sovereign portfolio company acquires Intercity Group
Sovereign Capital portfolio company LPM Group, a provider of contract cleaning, security and maintenance services, has acquired InterCity Group Ltd, a supplier of office and industrial cleaning and manned guarding services.
ITALY – Clessidra-backed Giochi Preziosi acquires British firm
Clessidra-backed Giochi Preziosi has acquired British leisure products distributor La Flair for approximately EUR 11m.
ITALY – Cape acquires 65% stake in ITM
Cape Natixis has acquired a 65% stake in pipe manufacturer International Trading Manufacturing (ITM) through its fund Cape Natixis Due.