News
SPAIN - Ibersuizas looks into renewables
Ibersuizas is reportedly looking into the renewable energy sector to generate investment opportunities for its latest EUR 330m fund.
FRANCE - Seventure leads EUR 6m expansion funding for Tekka
Seventure has led a EUR 6m expansion round in Tekka. The deal saw Seventure invest EUR 3.5m while CM-CIC Capital Privé invested the remaining EUR 2.5m. The two firms hold more than 33% of Tekka while CEO Thierry Rotta, family and affiliates retain a...
UK - Altium makes three promotions
Altium has made three key promotions in its Manchester office. Mike Fletcher and Simon Lord have each been promoted to the position of managing director, while Steven Whitehead has become an assistant director.
ESTONIA - Ambient Sound Investments invests $250,000 in EGeen
Ambient Sound Investments (ASI) had invested $250,000 in EGeen, an Estonian medical company.
UK - SEP et al. provide VirtenSys with $12m series-B funding
Scottish Equity Partners (SEP) and other existing investors Celtic House Venture Partners and GIMV have participated in a $12m series-B funding round for VirtenSys Ltd. The same syndicate of investors first provided the company with a series-A $12m investment...
UK - NorthStar invests £850,000 in Quick TV
North East venture capital firm, NorthStar Equity Investors (NSEI), has completed a £850,000 investment in Newcastle-based TV technology company, Quick TV Ltd. Leading a consortium of investors, NorthStar Equity Investors has backed the innovative business...
CEE - ING appoints new director to CEE team
ING Leveraged Finance and Sponsor Coverage Business has hired David Ryba as a director of its CEE team. This addition takes ING's CEE team to five professionals.
GERMANY - Klaus Weber to head 3i's growth capital team
Klaus Weber has joined 3i to head its growth capital team in Frankfurt. He succeeds Andreas Kochhäuser, who will leave the company. Prior to this role, Klaus Weber was head of acquisition finance for French bank Calyon in Frankfurt, following various...
CEE - GED acquires Plus GSM
Through its GED Eastern fund II for Eastern Europe, GED has acquired Plus GSM, a specialist in mobile telephone services.
UK - Palamon appoints Lorenzo Pellicioli to its board of advisors
Palamon Capital Partners has appointed Lorenzo Pellicioli to its board of advisors. Pellicioli is currently CEO of the De Agostini Group, the Italian conglomerate with interests ranging from finance to publishing. As the CEO of Seat Pagine Gialle from...
ITALY - Innogest makes close to 200% IRR on exit
Innogest capital has netted an IRR of close to 200% through the sale of its 20% stake in high-tech player Singular ID.
SPAIN - Carlyle and Vista acquire 50% stake in online travel agency
Carlyle and Vista-backed Orizonia has acquired a 50% stake in online travel agency Rumbo.
FRANCE – Decomeubles Partners acquires BUT for EUR 550m
Decomeubles Partners, which is backed by a consortium composed of Colony Capital, Goldman Sachs and Merchant Equity Partners, has acquired BUT for EUR 550m from Kesa Electricals. The EUR 550m purchase price is subject to adjustment for debt and other...
ITALY - Intesa Sanpaolo acquires 16% stake in Gruppo Goglio
Intesa Sanpaolo has acquired a 16% stake in plastic packaging manufacturer Goglio in a deal valued at approximately EUR 20m.
GERMANY - DZ Equity acquires melvo GmbH in a management buyout
DZ Equity Partner GmbH has acquired, together with the management, a 49% stake in footwear care products company melvo GmbH from HANNOVER Finanz for an undisclosed sum. Melvo GmbH was founded in 1998 as a subsidiary of shoe manufacturer Salamander Group...
BELGIUM - Iris Capital injects EUR 10m in Clear2Pay
A consortium led by Iris Capital has injected EUR 10m in Clear2Pay, a financial technology company.
SWITZERLAND - LPX launches new private equity index
LPX, the Swiss-based publisher of research and indices on global listed private equity, has launched a new index, LPX Direct, created in partnership with Bank Julius Baer & Co. Ltd. LPX Direct is LPX’s twelfth private equity index and covers only those...
GERMANY - Mid-market buyouts unscathed by finance crisis
According to a statement issued by Deutsche Beteiligungs AG, activity in the mid-market buyout space in Germany is unbroken and is evidently unimpeded by the liquidity crisis. Market data issued today supports this: 35 transactions were recorded in 2007,...