News
GREECE – Carlyle aquires chemical distribution firm
The Carlyle Group has acquired a 73.54% stake in chemical distribution company Neochimiki LV Lavrentiadis from the Athens Stock Exchange. The deal is valued at EUR 749m; EUR 19 per share.
UK - Dunedin recaps Capula
Dunedin portfolio company Capula, an independent provider of IT automation solutions to the energy, utility and nuclear markets, has undertaken a £6m recapitalisation.
GLOBAL – Cerberus seeks Eastern alliance
According to sources Cerberus Capital Management, is in the midst of talks with Chinese sovereign wealth fund CIC about a possible co-operation agreement. The talks come on the heels of CIC’s investment in Blackstone last year, under the terms of which...
SPAIN – Caja Navarra led consortium backs game operator
Eurecan, Caja Navarra’s platform to support entrepreneurs, Ingenia Capital and the Roca Junyent family office have acquired a 31% stake in game operator Quasar Elite Spain, in a deal valued at EUR 5.1m. The remaining stake is held by majority shareholder,...
SWEDEN - FSN Capital acquires 65% of battery charger manufacturer
FSN Capital II has acquired 65% of the shares in CTEK/Creater Group, a manufacturer of battery chargers and product consultant, for an undisclosed value. The founder, Bengt Wahlqvist, will retain the balance of the shares.
UK - Travers Smith promote new head of private equity
Travers Smith has promoted Philip Sanderson to head of private equity. He will assume the position as of 01 July 2008.
FRANCE - VC consortium exits Realviz
A venture capital consortium consisting of Intel Capital, Eurazeo, MVI Sverige, HPI Holding SA, Edmond de Rothschild Investment Partners and Solaris Asset Management have all realised their investments in Realviz after it was purchased in its entirety...
GERMANY - 3i invests in DruckChemie
3i has signed an agreement to back the buyout of DruckChemie, a speciality service provider to the printing industry, for €133m from SG Capital Europe and Quartus.
UK - Vitruvian acquires Tinopolis plc
Vitruvian Partners has reached an agreement with Tinopolis, a TV production company, to acquire the business for a total consideration of approximately £44.7m.
UK - GMT appoints two
GMT Communications Partners has appointed Ian McKenzie as senior adviser and Maria Trokoudes as senior associate.
UK/GERMANY - Exponent investee company buys Hobsons
Target Holdings Ltd, a recruitment business and portfolio company of Exponent Private Equity, has acquired UK- and Germany-based graduate recruitment business Hobsons Plc for £26m.
CEE - EBRD to invest USD 94m in Kazakh private equity fund
The European Bank for Reconstruction and Development (EBRD) is to invest up to USD 94m in Kazakh private equity fund The Kazakhstan Growth Fund for a maximum holding of 50% minus one share.
SPAIN – Corpfin exits boat manufacturer
Corfin has sold its stake in yacht manufacturer Faeton in a trade sale to Astondoa, the main sector player in the Spanish market.
CEE – First Reserve and Crossroads complete NWR IPO
First Reserve Corporation and Crossroads Capital Investment have completed the listing of mining company New World Resources' (NWR) on the London, Prague and Warsaw Stock Exchanges.
GERMANY - AUCTUS aquires Dieter Braun GmbH
Funds advised by AUCTUS Management & Co KG have acquired a majority stake in operating elements company Dieter Braun GmbH for an undisclosed amount.
NETHERLANDS – KBC sells 28% of Corelio
According to sources, KBC has sold 28% of Belgian newspaper publisher Corelio. The deal value is unknown, however the company is thought to be worth in the region of EUR 165m, which would mean that the private equity house's stake is worth approximately...
RUSSIA - CVCI sells NLC for EUR 200m
Citigroup Venture Capital International (CVCI) and RosEvroGroup have sold a 90% stake of National Logistic Company (NLC), a warehousing services provider, to Finland-based Itella Group for approximately EUR 200m, with RosEvroGroup retaining a 10% holding....
GERMANY/AUSTRIA - Hannover Finanz backs MBO of HOLZ-HER Reich Spezialmaschinen
Hannover Finanz has backed the management buyout of machinery and tools manufacturer HOLZ-HER Reich Spezialmaschinen GmbH as part of a succession solution, taking over 90% of the shares of the company from the family owners.
GERMANY - DEWB leads EUR 5m investment into Nanda
Lead investor Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB) and business angel network BrainsToVentures AG (b-to-v) have participated in a EUR 5m Series-B financing round for inspection systems company Nanda Technologies. Other investors...
GERMANY - BASF Venture Capital leads EUR 4m funding for Deutsche Rohstoff AG
BASF Venture Capital GmbH has led a EUR 4m round in raw material producer Deutsche Rohstoff AG, contributing half of the total sum.
UK - Banexi invests in Reevoo
Banexi Ventures Capital has invested in review collection and publishing site Reevoo alongside existing investors. This is the second institutional round of funding for the company, following on from an investment in 2006 from a consortium of investors...
GREECE – Carlyle to acquire chemical business
According to reports, Carlyle Group is in the process of acquiring a controlling stake in chemical company Neochimiki.
EUROPE - ACP plans to raise €150m
ACP Mezzanine Ltd has announced plans to raise €150m in a secondary share placement to fund its strong deal pipeline.
UK - Penta completes £18m GRS Group acquisition
Penta Capital has acquired international executive recruitment company GRS Group for £18m. Investec provided £5.25m of receivables and acquisition finance.