News
SPAIN – Octapris and Compas Private Equity invest in logistics firm
According to sources, family office Octapris Investments and Compas Private Equity have invested around EUR 150,000 in logistics company eContainers for a 24% stake in the company.
GERMANY - OEP increases stake in Pfleiderer
One Equity Partner has increased its stake in listed wood building materials company Pfleiderer AG. In January, OEP acquired around 15% of the company, and has now increased its shareholding to 20.4%.
GERMANY - Apax ends talks with Escada
Apax Partners has ended talks with Escada AG about a potential acquisition. Talks had been ongoing for some months and Apax had been granted limited access to the company's financial records.
ITALY – MPS Ventures in IT acquisition
MPS Ventures and Sapient spa have acquired software company Gruppo Datel.
UK - Dunedin completes £15m CGI recap
Dunedin has recapitalised specialist fire and resistant glass manufacturer and supplier CGI for a second time, with £15m of new debt supplied by Clydesdale Bank.
UK - Elysian Capital seals first deal
Mid-market firm Elysian Capital has backed the buyout of The Landscape Group Limited, a provider of landscape maintenance, street cleansing and horticultural construction services.
WORLD - Covington & Burling appoint two
Covington & Burling LLP has appointed Timothy Clark and Loretta Shaw-Lorello as partners in the firm's corporate practice in New York. Clark will co-chair the firm's private equity practice.
FRANCE - Daphné Dussauge joins BNP Paribas Private Equity
BNP Paribas Private Equity has appointed Daphné Dussauge as head of corporate development. Daphné Dussauge joined BNP Paribas Group in 2006 as a fund manager in BNP Paribas Real Estate Investment Management.
UK - Octopus in £16m MBO of Hydrobolt and Studbolt
Octopus Investments has acquired Hydrobolt Group Ltd and its sister company Studbolt in a £16m buyout. Octopus provided management with £4.5m to buy out the founder and majority shareholder. The group manufacturers and distributes high integrity fasteners...
FRANCE – CDC, Avenir and NCI purchase minority stake in Alkos
CDC Entreprises, its subsidiary Avenir Entreprises and NCI Gestion have acquired a 24% minority stake in Alkos Cosmétiques. Gérard Gieux, who has run the company since 1996, holds the remaining 76% stake. The investment has been used by Alkos to finance...
UK - Candover sells minority stake in Wellstream
Candover has sold its minority stake in offshore drilling pipes supplier Wellstream for £170m.
GERMANY – SHS III reaches first closing
SHS III, the third fund managed by Tübingen-based SHS Gesellschaft für Beteiligungsmanagement, has raised EUR 40m from investors in Germany and across Europe. The fund is geared to financing young, innovative companies in the life sciences and healthcare...
FINLAND - Investcorp acquires Asiakastieto from GMT
Investcorp togther with management has acquired Asiakastieto, Finland’s largest credit and business information company, for an undisclosed sum from GMT Communications Partners III LP.
UK - AAC Capital portfolio company buys PADS
Office supplies distributor OyezStraker, a portfolio company of AAC Capital Partners, has acquired office supplies company PADS Printing & Commercial Stationery Ltd for an undisclosed sum.
FRANCE – I-Source and OTC inject Rhapso with EUR 3.5m
I-Source Gestion and OTC Asset Management have invested EUR 3.5m in Rhapso in a second round of financing. The investment comes two years after I-Source’s initial investment of EUR 600,000.
ITALY - J Hirsch acquires 65% of Panini
J Hirsch & Co through its fund ILP III has acquired a 65% stake in Panini a company specialising in payment systems.
EUROPE - EIF makes two appointments
The European Investment Fund (EIF) has appointed Richard Pelly as chief executive officer and Jean-Marie Magnette as deputy chief executive. Richard Pelly succeeds Francis Carpenter, whose term of office ended in February.
UK - Montagu and GIP complete Biffa take-private
Shares in Biffa, the waste disposal group, ceased trading on the London Stock Exchange this morning following its acquisition by Montagu Private Equity and Global Infrastructure Partners.
GERMANY - Industri Kapital to acquire Flabeg
Industri Kapital has agreed to acquire Flabeg from EquiVest funds, managed by CBR for an undisclosed amount.
SWITZERLAND – VC consortium funds PicoDrill SA
A consortium of three Swiss VC firms have alongside private investors, led a CHF 5.8m Series A round in PicoDrill SA. The investors are Initiative Capital Romandie, VI Partners and Jade Invest.
GERMANY - 3i sells cleantech company hte AG
3i has agreed to divest its stake in German cleantech company hte AG to BASF. The financial details of the transaction have not been disclosed.
RUSSIA – TPG acquires 50% of SIA for $800m
US fund TPG has invested approximately $800m in Russian drug distributor SIA International in exchange for a 50% stake. TPG acquired the stake from the founder, who holds the balance of the shares.
UK - Finance Cornwall invests in The Natural Fibre Company
Finance Cornwall has invested an undisclosed sum in The Natural Fibre Company, a business that spins organic and natural yarns from wool, mohair and alpaca.
ITALY – Alto Partners in industrial manufacturer exit
Alto Partners have sold engineering firm Metalcastello to Mahindra & Mahindra and ICICI Venture Funds Management in a trade sale estimated at over EUR 100m in enterprise value.