News
NORWAY - FSN acquires five clinics
FSN Capital has acquired Klinikk Stokkan, Tromso Private Sykehus, Colosseumklikken Legeavdeling, Colosseumklinikken Stavanger and Nobel Clinic Norge, five Norway-based clinics. The acquisition was made from FSN Capital II, a EUR 151m vehicle which closed...
UK - NorthStar provides £750,000 funding for Broadband Computer Company
North-East focused NorthStar Equity Investors has backed the Broadband Computer Company with an equity investment of ТЃ750,000. The company has developed the hardware and software to provide PC users with a new platform for managing and maintaining a...
ITALY - Arca Impresa exits Diffusione Italiana Preziosi
Arca Impresa and Meliorbanca have sold their stakes in Diffusione Italiana Preziosi to industrial player Morellato & Sector. The sale value is understood to be EUR 60m and the deal is forecast to close by the end of September. Rothschild assisted...
UK - The Capital Fund in £250,000 Vision RT investment
The Capital Fund has backed Vision RT, a 3D surface imaging specialist for use in radiotherapy treatments, with ТЃ250,000 of funding. Vision RT was founded in 2001 to advance patient set-up and monitoring for radiotherapy treatment. The Capital Fund...
UK - Endless sells Peter Black for EUR 48m one year on
Just over twelve months on from its acquisition, Endless has sold Peter Black Limited International, a design, sourcing and supply chain management company, to Li & Fung Limited, a Hong Kong-listed trading house. The deal was valued at EUR 48m, excluding...
EUROPE - European private equity leaps on cleantech
The concern with environmental issues and the consequent demand for solutions related to the generation of renewable energy and waste management has made cleantech a sought-after sector for European GPs. Dealflow in the sector has seen a noteworthy increase...
FINLAND/SWEDEN - Riverside backs buyout of Nordic steel specialist
Mid-market specialist Riverside Company has acquired Nordic manufacturer Keycast and its subsidiaries, including Combi Wear Parts. The company specializes in steel casting and operates from four foundries in Finland and Sweden. The company’s customers...
UK - BOSIF backs secondary buyout of Polypipe
Bank of Scotland has provided an integrated debt and equity package to support the secondary management buyout of Polypipe, a manufacturer of plastic piping and sanitary systems for the UK and European construction markets. The deal represents an exit...
UK - Elderstreet and Frontiers provide weComm with £3m of funding
Existing investors Elderstreet Investments and Frontiers Capital have provided weComm, an interactive mobile data solutions business, with ТЃ3m of funding. The investment will be used to fund product development and geographic expansion around its innovative...
UK - Close Brothers announces senior management changes
Close Brothers Corporate Finance has made a number of changes to its senior management team. These changes are part of the companyтs strategy to position itself for further growth over the next five years. Stephen Aulsebrook, currently head of European...
UK - New player Infinity has £50m to invest in North West businesses
Newly launched Infinity Asset Management has opened for business with ТЃ50m to invest in businesses in the North West. Manchester-based Infinity has been founded by three former BDO Stoy Hayward partners Daniel Finestein, Sarah Platt and Phil Vickers....
UK - Finance Wales and Biofusion lead £2m investment in Q Chip
Finance Wales and AIM-listed Biofusion have entered into their first partnership deal as part of a ТЃ2m funding round for Q Chip Ltd. Cardiff-based Q Chip is a developer of microencapsulation solutions.
UK - Grant Thornton handles the administration of Esporta
Grant Thornton has been appointed to handle the administration of Esporta, the gym chain acquired by the Halabi family from Duke Street Capital in 2006. Private equity firms are queuing up to buy the asset. Potential buyers include MidOcean Partners,...
AUSTRIA –Leobersdorfer Maschinenfabrik changes hands
Invest Equity and Nord Holding have exited their stakes in manufacturer of high pressure compressor systems, Leobersdorfer Maschinenfabrik AG, for an undisclosed amount to Equita. RW Baird & Co ran the auction process.
CEE - Darby closes EUR 300m Central Europe mezzanine fund
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has closed its Darby Converging Europe Mezzanine Fund (DCEMF) with total capital commitments of EUR 248m. After the expected refinancing of a EUR 65m bridge loan, the...
UK - Delta Two prepares to boost equity in Sainsburys deal
Delta Two is preparing to boost the equity involved in its 600p per share indicative offer for supermarket chain Sainsburys. After reports that the Sainsbury family, who's stake in the business totals 18%, were unhappy about the level of leverage at play...
SWITZERLAND - Molecular Partners AG raises CHF 18.5m
Index Ventures has led a CHF 18.5m series-A financing round for biotechnology company Molecular Partners AG. Other investors contributing to the round include BB Biotech Ventures, Johnson & Johnson Development Corporation and Endeavour.
GERMANY - DZ Equity Partners invests in MK Metallfolien GmbH
Frankfurt-based DZ Equity Partners has acquired a minority stake in MK Metallfolien GmbH. The transaction value has not been disclosed. The founder of the company, Gerd Cloppenburg, remains invested and holds a majority stake. The new capital will be...
UK - Liverpool Seed Fund backs EditLite with £300,000 funding round
Liverpool Seed Fund has invested ТЃ300,000 in EditLite Ltd. EditLite has developed software called тYourViewт which uses simple graphic icons to edit video footage. The software, which has a number of worldwide patents, enables the user to filter hundreds...
NL - Rabo Participaties backs secondary buyout of Itho
Rabo Participaties and the management of Itho Holding B.V. have acquired all of the shares in the company via a secondary management buyout. Rabo Participaties has acquired a majority interest. Alpinvest has sold its interest in the company.
SPAIN - New technology leads demand for seed capital
Around 40% of projects landing Spanish seed investment originate from the so-called "new technology" sector.
SPAIN - SRP invests EUR 3.4m in solar energy player
Government-backed agency Sociedad Regional de Promoción del Principado de Asturias (SRP) has led a funding round of EUR 3.4m for Rioglass Solar.
FRANCE - Carlyle sells Cameca to Ametek for EUR 82m
Carlyle has sold France-based scientific equipment manufacturer Cameca to NYSE-listed Ametek for EUR 82m.
UK - BVCA approaches ex-FT editor
According to The Sunday Times, the BVCA has offered Andrew Gowers, former editor of the Financial Times, the job of chief executive. The news comes just a few days after Mark Fox, director of communications, announced he was leaving to take up the role...