News
ITALY – Intesa Sanpaolo acquires 30% stake in Desmon
Fondo Mezzogiorno, managed by Gruppo Intesa Sanpaolo, has acquired a 30% stake in refrigerator system specialist Desmon.
SWEDEN - Cinven-backed Coor acquires SAS Facility Management unit
Cinven portfolio company Coor Service Management has acquired SAS Facility Management, which provides property and workplace-related services, from SAS (Scandinavian Airlines) for an undisclosed value.
SPAIN – Quercus portfolio company acquires electronics group
Odeco, a Quercus Equity portfolio company, has acquired MP Electronics a company specialising in the manufacture of display screens for use in the transport and advertising segment.
NORWAY - HitecVision invests $120m in Spring Energy
HitecVision V has invested $120m in Spring Energy Norway AS, an Oslo-based early-stage oil and gas company.
FRANCE - Vermeer Capital closes distressed fund on EUR 75m
Vermeer Capital has held the first closing of its maiden fund of the same name on EUR 75m. The fund will focus on turnarounds of distressed companies. The closing is shy of the EUR 90m hard cap which the next closing is expected to be near to.
SPAIN - Candover-backed Parques Reunidos in new acquisition
Candover-backed Parques Reunidos has acquired leisure park Sea Life Park Hawaii following the acquisition of Dolphin Discovery group.
UK - Adamant Ventures opens in Scotland
Swiss healthcare focused financial advisory firm Adamant Biomedical Investments has opened a venture capital arm in Edinburgh. Adament Ventures will target healthcare companies based in the UK, Scandinavia, Central Europe and the US.
EUROPE - EIIB creates private equity practice
The European Islamic Investment Bank has established a private equity and corporate advisory department based in London.
UK - Finance Cornwall invests in Cloud Nine
Finance Cornwall has invested an undisclosed sum in Kernow Eco Housing, a designer and marketer of high specificaion homes built from sustainable materials.
NETHERLANDS – NIBC acquires Busker Hei
NIBC Capital Partners has acquired a majority stake in sheet pile manufacturer Busker Hei. The founders hold the balance of the shares and Rabobank provided the debt for the transaction.
GERMANY - TGFS venture fund closes on EUR 60m
CFH, a private equity firm located in Saxony, has together with its partners, closed Technologie Gründer Fund Saxony (TGFS). The fund is a joint activity of CFH, SIB, SC-Kapital and SBM, the venture capital arms of three regional savings banks located...
UK - ISIS portfolio company acquires Homelife Options
ISIS Equity Partners' portfolio company SLC Group has acquired Homelife Options Ltd, a company that provides supported living services to people with learning disabilities.
GERMANY - Sun European Partners opens Frankfurt office
Sun European Partners, the European adviser to US-based Sun Capital Partners, has opened an office in Frankfurt to support the continued growth of Sun's private equity activities in Europe.
SWITZERLAND - I-Source funds BeamExpress SA with $1.3m
I-Source has provided $1.3m to BeamExpress SA, a developer of vertical cavity surface-emitting laser technology. The proceeds will be used to expand the team and move from prototype to series production.
AUSTRIA - GEP and UIAG preparing to sell stakes in Efkon
According to press reports, GEP and UIAG are considering exiting toll technology provider Efkon. GEP invested in Efkon in 2000 and holds more than 30% of the company. UIAG holds a 3.1% stake, which was acquired in 2005 for EUR 1.2m. Private Equity Performance...
DENMARK - TDC buys back its own debt
TDC, the Danish telecom giant owned by KKR, Apax, Blackstone, Permira and Providence Equity Partners, has completed a debt-buy back of EUR 200m.
CEE - Mid Europa acquires CM LIM
Mid Europa has wholly acquired Polish healthcare provider Centrum Medyczne LIM.
Netherlands – CVC acquires 73% of Schuitema
CVC Capital Partners is made an offer to acquire 73% of supermarket chain Schuitema from Ahold. As a result of the transaction, Ahold will obtain a 20% indirect interest in Schuitema without supervisory board representation.
UK - CVC appoints new head of telecoms
CVC Capital Partners has appointed Lorne Somerville as new head of telecoms.
ITALY – BS Private Equity in sale of Radici Film
BS Private Equity has sold packaging specialist Radici Film to Taghleef Industries, which is controlled by Dubai-based Al Ghurair Group.
GERMANY - Cerberus evaluates opportunities in Germany
According to press reports, Cerberus is scouring Germany for potential acquisitions. It has been reported that the US house is interested in acquiring telecoms business SEN from Siemens and ailing bank IKB.
GERMANY - 3i sponsors Frankfurt professorship for private equity
3i has agreed to sponsor a professorship at Johann Wolfgang Goethe University in Frankfurt, to further research and education in the field of private equity. 3i will fund the chair with EUR 200,000 per annum for a period of six years, with a review after...
NETHERLANDS – Van den Ende & Deitmers takes 30% of Central Point
Van den Ende & Deitmers has acquired a 30% stake in Central Point, an online provider of computer products. Earlier this month the private equity house invested in social networking site Hyves, described as the Dutch “facebook."
NETHERLANDS – Aquiline acquires 5.1% of BinckBank
New York-based Aquiline Capital Partners has acquired a 5.1% in Euronext-listed Dutch online bank BinckBank.