News
RUSSIA - Aurora Russia invests a further £10m into Kreditmart
Aurora Russia has invested a further £10m into Kreditmart, a finance company that distributes mortgages, equity release loans and other consumer finance products. The company was set up by Aurora Russia, which invested £12.5m in 2006.
NORDIC - unquote" Private Equity Congress & Awards – 30 October
unquote” is delighted to announce its 3rd annual Nordic unquote” Private Equity Congress & Awards on 30 October 2007, in Stockholm.
CEE - Enterprise Investors partially exits Magellan in an IPO on the Warsaw Stock Exchange
Enterprise Investors ' Polish Enterprise Fund IV has partially exited its stake in Magellan in an IPO on the Warsaw Stock Exchange.
FRANCE - Banexi CP takes 35% of France Géothermie
Banexi Capital Partenaires has backed the owner buyout of France Géothermie, a manufacturer of geothermic and aerothermic pumps.
FRANCE - Bongrain sells its Gastronomie division to 21 Centrale Partners
21 Centrale Partners has secured the spin-off of Euronext-listed food producer Bongrain's non-dairy activity.
FRANCE - Barclays Private Equity wins Karavel-Promovacances auction
Barclays Private Equity has backed the management buyout of online tour operator Karavel-Promovacances from Opodo, which is re-focusing on selling flights.
UK - Barclays realises IRR of 22% from MBB of Benlowe Group
Barclays Ventures has exited its stake in joinery products manufacturer Benlowe Group in a deal which has generated returns of 2.16x the investment and an IRR of 22%.
NL - HgCapital acquires Fabory for EUR 345m
HgCapital has acquired Fabory (formerly Borstlap Group), a distributor of industrial fastners, from AAC Capital Partners (formerly ABN AMRO Capital) in a deal which values the company at EUR 345m. Bank of Scotland provided a financing package to support...
UK - Imperial Innovations takes 38% stake in EVO Electric
Imperial Innovations has invested ТЃ375,000 as part of a ТЃ1.5m round of funding in EVO Electric Ltd, a developer of electrical motors and generators, and increased their stake in the company to 38%.
UK - Graphite achieves 3x return from Golden Tulip sale
Graphite Capital has wholly exited its stake in the UK subsidiary of budget hotel group Golden Tulip in a trade sale to Whitbread plc worth ТЃ44m; generating a return of 3x its investment.
UK - Kolade tells conference it's time to separate fact from fairytale
Wol Kolade, chairman of the BVCA, today called on the private equity industry to fight back against the myths that surround it. Speaking at the Capital Creation conference in Monte Carlo, he said it was time to тseparate the facts and figures from the...
RUSSIA - DFJ and VTB team up to launch Russian venture capital fund
Draper Fisher Jurvetson (DFJ), the international high-technology venture capital firm, has partnered with Russian commercial banking group VTB to form a new Russian venture capital fund, DFJ-VTB Aurora. The team will manage a family of funds, which are...
UK - gateway2investment expands focus to bridge 'investment gap'
Gateway2investment, the start-up investment programme which currently focuses on technological investments, is expanding its service to encompass all sectors of the economy.
UK - Graphite sells hotel chain for £44m
Graphite Capital has sold budget hotel group Golden Tulip to Whitbread Plc for ТЃ44m. Golden Tulip manages five 3-star Tulip Inn hotels and one 4-star Golden Tulip hotel in the UK with a total of 770 rooms. It also has nine more hotels in the planning...
DENMARK - DSM Venturing leads EUR 6.8m investment in Upfront Chromatography
DSM Venturing has led a EUR 6.8m investment round together with existing investors, InnovationsKapital and NBGI Ventures, in Upfront Chromatography, a Danish biotechnology company. The new funding will be used to scale up the sales force, especially in...
UK - Lyceum sells NBG for £91m
Lyceum Capital has wholly exited its stake in National Britannia Group, a specialist provider of health and safety compliance services, in a trade sale to Connaught Plc worth ТЃ91m.
UK - Pension Corporation makes play for telent Plc
Pension Corporation has made a 600p per share offer for telent, the only part of former industrial giant Marconi that remains independent. The deal represents a market capitalisation of ТЃ389m and has been recommended by telent's board. The trustees of...
GERMANY - Doughty Hanson appoints new principal
Doughty Hanson and Co Real Estate have announced the appointment of Martin Brendal as a principal.
UK - Octopus opens office in Leeds
Octopus Private Equity has announced the opening of its first regional office in Leeds.
SWEDEN - Industrifonden invests SEK 10m in Coresonic
Industrifonden has invested SEK 10m in Coresonic, a Linköping-based semiconductor company. The investment will be used to develop the company’s products and further penetrate the market.
FRANCE - Close Brothers mandated to sell Pizza Pino
Astorg Partners has reportedly mandated corporate financier Close Brothers to sell its portfolio company Pizza Pino.
NL - Gilde company Ablynx awarded EUR 1.9m grant
Gilde Healthcare Partners portfolio company Ablynx has been awarded a grant worth EUR 1.855m by the Institute for the Promotion of Innovation by Science and Technology in Flanders (IWT). The grant will enable Ablynx to accelerate the speed of exploring...
GERMANY - Oaktree acquires European spirits business of Eckes & Stock
Oaktree Capital Management has acquired the European spirits business of Eckes & Stock GmbH. The acquisition completed in late July 2007. Macfarlanes provided legal advice to Oaktree.
FRANCE - Banque de Vizille invests in Dorthz
CIC Banque de Vizille has acquired 20% of Dorthz, a newly-created group comprising building materials manufacturer Eurodorthz and retailer CFC.