News
SWITZERLAND - Invision Private Equity and Vinci Capital acquire RSD
Invision Private Equity AG and Vinci Capital SA have acquired software company RSD SA. Founder and CEO, Louis-Pierre Roger, has retained a stake.
FRANCE - Demeter Partners in secondary LBO of FCT Group.
Demeter Partners has acquired Controlab and Testwell, known collectively as FCT Group, from Paluel Marmont Bank and FCPR Montparnasse Investissement III, a fund managed by UIGestion.
FRANCE – SG Capital supports buyout of Questel
SG Capital Europe has led the management buyout of intellectual property advisory business Questal for an undisclosed sum. Questal's services cover patents, trademarks and industrial design, databases, search and monitoring services, workflow solutions...
ITALY – JC Flowers leads EUR 140m buyout of Euromobiliare SIM
JC Flowers has lead the management buyout of Euromobiliare SIM. Mid Industry Capital also participated in the deal which is reported to weigh in at EUR 140m. JC Flowers will control 50.1% of the company, with management owning a 40% stake.
ROMANIA – GED invests in travel and leisure company.
Through GED Eastern II Fund, Spanish buyout house GED has acquired Romanian corporate travel agency Happy Tour.
TURKEY – KSCC buys into Fon Financial Leasing
Kuwait-based Global Investment House KSCC has acquired a 60% stake in listed leasing and factoring company Fon Financial Leasing (FFK) for $120m form Turkey's Yýldýz Holding, which retains a 27.38% stake.
HUNGARY - Vienna Capital Partners increase stake in FHB
Austrian venture capital company Vienna Capital Partners Group is buying a further 9.5% of Hungarian bank FHB from HSBC. VCP already holds a 9.85% stake (6.5 million shares) in FHB purchased in March 2007 for approximately EUR 48m. HSBC, a transaction...
GERMANY - Doughty Hanson sells Moeller Group for EUR 1.55bn
Doughty Hanson has sold Moeller Group to Eaton Corporation for EUR 1.55bn. The sale is expected to close in the first quarter of 2008. Moeller is a global supplier of systems and components for energy distribution and automatisation for industrial, infrastructure,...
UK - HgCapital and Montagu gain access to Biffa's books
HgCapital and Montagu have been granted access to Biffa to conduct due diligence after raising their offer by 20p per share. The revised 350p per share offer values the share capital of waste disposal company Biffa at ТЃ1.23bn.
SPAIN – 3i to acquire 16% in radio group
3i has reportedly committed EUR 225m to acquire a 16.2% stake in radio network Union Radio.
CEE - KBC acquires Hungarian toy wholesaler and retailer
KBC Private Equity has acquired Gulliver and Star-Toys from the Kovács and Kovalcsik families. Gulliver Group is a Hungary-based toy wholesaler and, under its Bambini-brand, toy retailer. The company distributes international toy brands to the Hungarian...
SPAIN – European Capital opens office in Madrid
European Capital Financial Services, a branch of American Capital, focusing on management buyout investments leveraged through mezzanine debt, has opened an office in Madrid.
DENMARK - Santaris Pharma secures EUR 20.4m series-C round
Gilde Healthcare Partners has joined existing shareholders, the board of directors and management in a EUR 20.4m series-C round of funding for Santaris Pharma, a Danish pharmaceutical company. New investor Gilde contributed EUR 7.5m while the remaining...
CEE - Goldman Sachs acquires stake in Dragon Capital
Goldman Sachs has acquired a minority stake in Dragon Capital, Ukraine’s largest securities brokerage, investment banking, private equity and asset management firm. Dragon Capital is listed on the Ukranian Stock Exchange. Dragon Capital's management continue...
UK - C.P.Eaton appoints Lars A. Linqvist to London office
C.P. Eaton Partners, a global independent placement agent, has appointed Lars A. Linqvist as a new professional in its London office.
GERMANY - HgCapital acquires Casa Reha from Advent International
HgCapital has acquired the Casa Reha Group from Advent International and its management for an undisclosed sum. Both Advent International and the management retain a stake in the company going forward. Casa Reha runs retirement homes and is based in...
GERMANY - AVIDA Group acquires rest of Lenscare
AVIDA Group has increased its shareholding in Kiel-based Lenscare AG, a supplier of contact lenses and care products, to 100%. The financial details of the deal have not been disclosed. AVIDA Group already held a major share of Lenscare since March 2007...
ITALY – Capitalia Sofipa acquires additional 3% of ink company Kiian
Capitalia Sofipa has acquired an additional 3% shareholding in ink company Kiian in a deal valued at approximately EUR 450,000.
DENMARK - Via Venture partners leads EUR 5m round for Zoomio
Via Venture Partners has led a EUR 5m funding round for Zoomio, a Danish multi-channel marketing software company. The financial injection will finance international expansion and strengthen the software development team.
GERMANY - DZ Equity Partner takes stake in Melvo
DZ Equity Partner has acquired a stake in German Melvo GmbH. Melvo, previously a subsidiary of shoe manufacturer Salamander AG, went through a management buyout in early 2004. The company produces footwear and leather care products and footwear accessories...
UK - First Reserve secures agreement on £906m Abbot take-private
First Reserve Corporation has reached an agreement with the board of Abbot Group Plc to acquire the oil services group from the London Stock Exchange in a ТЃ906m deal. Specialist US-based energy investor First Reserve has offered 390p per share for Aberdeen-based...
UK - Foresight and Mouchel announce £50m cleantech collaboration
Foresight Group has announced the formation of a strategic partnership with consulting and business services group Mouchel, designed to develop cleantech infrastructure projects in the UK. The initial aim of the partnership is to invest up to ТЃ50m in...
GERMANY - CFC has acquired delmod international
CFC Industriebeteiligungen GmbH & Co. KGaA has acquired 84.8 % of delmod international Bekleidungsindustrie GmbH & Co. Hanse-Kleidung KG for an undisclosed amount. Delmod is a textile manufacturer and local fashion company in Germany, and distributes...
UK - M&C Ventures repositions as Cornerstone Corporate Finance
Media and Communications Ventures Ltd (M&C Ventures) is rebranding and repositioning its business as Cornerstone Corporate Finance Ltd. Cornerstone is now an independent corporate finance boutique which focuses exclusively on advising management teams...