News
CEE – Private equity houses withdraw from Euromedic auction
Five of the nine private equity houses that had shown interest in Warburg Pincus-owned Hungarian healthcare group Euromedic have reportedly declined raising first round bids in the auction process, which is being led by Rothschild.
FRANCE – ABN AMRO Capital France becomes Abénex Capital
ABN AMRO Capital France has become independent from ABN AMRO Group and renamed itself Abénex Capital.
FRANCE - PAI hire Lionel Zinsou
PAI partners has appointed Lionel Zinsou as a member of the executive committee.
RUSSIA - Alfa expands private equity team
According to sources, Russian private equity adviser Alfa Capital Partners has recruited four new executives, increasing its private equity team to 28.
CEE – Genesis launches EUR 60m fund
Genesis Capital has launched a second fund dedicated to investments in the Czech and Slovak Republics with a target of EUR 60m.
FRANCE - XAnge Capital completes first exit
XAnge Capital has exited its 28% stake in software company A2iA, which it originally backed in March 2006 alongside Développement & Partenariat.
UK - NorthStar leads £1.5m funding round for Caspian Learning
NorthStar Equity Investors has led a £1.5m funding round for Caspian Learning, a supplier of 3D learning based games.
EUROPE - Nomura raising new EUR 400m mezzanine fund
The European arm of Japanese Investment bank Nomura has begun raising a new EUR 400m mezzanine fund for Europe.
UK - Balderton exits Bebo
Balderton Capital has agreed to sell its stake in social networking site Bebo to AOL in a deal worth $850m.
FRANCE - RainMakers PE appoints new vice president
Tanya Heath has joined the Paris office of RainMakers Private Equity as a vice president.
FRANCE – Edmond de Rothschild CP acquires AJ Tech
Edmond de Rothschild Capital Partners has taken a majority stake in heat pumps manufacturer AJ Tech in an LBO transaction. Joël Amisse, the company’s founder, retains a significant stake in the company, while the deal also sees Roger Gubanski join...
UK - Bridgepoint buys back £10m of Fat Face debt
Bridgepoint has bought back £10m of the debt it used to leverage the buyout of clothes retailer Fat Face in 2007 from several creditors. This is the first deal of this kind known to be completed in the UK.
UK - Private Equity eyes Paperchase
HgCapital, ISIS Equity and Change Capital are said to be frontrunners in the competition to buy stationery chain Paperchase from bookseller Borders.
ITALY – Private equity presents non-binding offers for Cavalli
Market rumour suggests that private equity funds have offered up to EUR 1.4bn to acquire fashion brand Cavalli.
ITALY - Permira appoints new senior adviser
Permira has announced the appointment of Riccardo Ruggiero, former CEO of Telecom Italia, as its new senior adviser.
CEE – Capital International closes USD 2.25bn fund for emerging markets
Capital International has closed its fifth fund dedicated to emerging markets on USD 2.25bn.
GERMANY - Equity Partners backs MBO of Nokia unit
Equity Partners GmbH has, together with the manager Razvan Olosu, signed an agreement to acquire Nokia's line fit automotive business for an undisclosed amount. The company will be held by newco novero GmbH.
DENMARK - Nordic Venture Partners completes DKK 235m ZYB sale
Nordic Venture Partners portfolio company ZYB, a Danish free mobile back-up and sharing service, has been sold to Vodafone for DKK 235m.
GERMANY - Ashurst bolsters loan markets teams
Ashurst has appointed Anne Force as a partner in its Frankfurt-based Loan Markets Group.
SWEDEN - CapMan buys Cederroth
CapMan Buyout VIII has acquired the majority of the shares in Cederroth, a Swedish manufacturer and distributor of consumer products, from American listed Alberto-Culver Company, for an undisclosed sum. CapMan Mezzanine IV supplied mezzanine to support...
FRANCE - Elaia Partners promotes associate
Elaia Partners has promoted Marie Eckland to associate.
FINLAND - ASI and Seed Fund Vera invest in Senseg
Ambient Sound Investments (ASI) and Seed Fund Vera have invested an undisclosed sum in Senseg, a Finnish developer of touch interface technology.
FRANCE –Ten purchase offers for LBO France-backed Cegelec
LBO France has reportedly seen around ten offers for portfolio electrical engineering company Cegelec. Potential trade buyers are said to include BTP, Vinci and Eiffage, while private equity firms rumoured to be interested include PAI, which holds a stake...
PORTUGAL – Esprírito Santo in EUR 5m financing of fibre-optics company
Esprírito Santo Ventures has led a EUR 5m series-B funding round for fibre-optic technology company Multiwave Photonics alongside existing investor Bullnet Capital.