News
US/NORWAY – HitecVision sells Knowledge Systems
HitecVision has sold its stake in Knowledge Systems, a Sugar Land, Texas-based provider of geopressure and geomechanical software, to Halliburton Inc (NYSE: HAL) for an undisclosed value. The business was acquired through Landmark, a product service line...
SPAIN – Vista-backed toy manufacturer to loose Disney license
Market rumour suggests that toy manufacturer Famosa, backed by Vista Capital, could loose the license to manufacture toys under the Disney brand. If the reports hold true, the company risks loosing one of its most successful product lines to US toy manufacturer...
SPAIN – Corporate financier Lincoln International arrives in Spain
According to reports, US corporate financier Lincoln International has launched in Spain and has appointed Iván Marina, one of the directors of Sabadell Corporate Finance, as one of four key men in Spain.
ITALY – Valentino delisting completed
It is understood that the last stage of the Valentino delisting by Permira, which is valued at EUR 1.8bn, has concluded.
UK - Caledonia promotes Mathew Masters
Caledonia Investments has appointed Mathew Masters as an associate director.
SPAIN – N+1-backed Eolia Renovables gets EUR 80m loan
N+1-backed renewable energy specilaist Eolia Renovables has received an EUR 80m loan from Banesto in order to guarantee its operations until 2010.
SPAIN – Caja Navarra to invest in video game developer
Caja Navarra is to invest up to EUR 500,000 in Catalonian video game developer U-Play Studios through the Eurocam Alto Rendimiento fund.
FRANCE – BPE to divest Converteam
Barclays Private Equity (BPE) is reportedly seeking to divest its power conversion portfolio company Converteam. An auction process, which could see the company sell for around EUR 1bn, has attracted interest from a number of private equity houses.
UK - Clyde Blowers chief launches private equity fund
Jim McColl, chairman and chief executive of engineering group Clyde Blowers, is launching a £200m private equity fund to enable the continued expansion of his business.
FRANCE – EdRIP supports duel acquisitions for CEME
Edmond de Rothschild Investment Partners' (EdRIP) portfolio company Compagnie d’Entreprises Mechaniques et Electroniques (CEME), which comprises a number of diverse industrial businesses, has completed the joint acquisitions of air conditioning specialists...
US/SWEDEN - Nordic Capital in $4.1bn buyout of ConvaTec
Nordic Capital Fund VII and New York-based private equity firm Avista Capital Partners have acquired ConvaTec, a provider of wound therapeutics and ostomy care products, from Bristol-Myers Squibb for $4.1bn. The deal is expected to close in the third...
UK - RJD acquires Comtec
RJD Partners has acquired Comtec, a specialist supplier of software solutions to travel agents, for an undisclosed sum. HSBC provided senior debt for the deal.
UK - Oxford Capital launches fifth EIS fund
Oxford Capital has launched its fifth Oxford Gateway Enterprise Investment Scheme (EIS) fund. It will target venture capital investments in innovative early and development stage companies in the healthcare, sustainablility and communications sectors.
UK - PPM changes its name
PPM Capital has changed its name to Silverfleet Capital to reflect its independece following a buyout at the end of 2007 from its previous owner, Prudential plc.
UK - Bowmark strengthens investment team
Bowmark Capital has promoted Mark Salter to senior partner and has hired Paraag Davé as investment manager.
UK - Brown Rudnick appoints new partner
Brown Rudnick has appointed Roger Gregory as a partner in its corporate group in London.
SWEDEN - Litorina Kapital gets new partner and opens Gothenburg office
Litorina Kapital has recruited Lars Verneholt as a partner. Verneholt has a strong M&A background following spells at Carnegie, Merrill Lynch and most recently Catella, where he specialised in the consumer market.