News
UK - Montagu to work with GIP on Biffa
Montagu Private Equity is reported to have agreed to work with Global Infrastructure Partners (GIP) on a £1.2bn bid for waste services company Biffa. Montagu had formerly tabled an offer for the listed-business alongside HgCapital but it is understood...
UK - IMAC appoints new director
Ingenious Media Active Capital Limited (IMAC) has appointed George Bryan Dix to its board of directors with effect from 24 January 2008.
UK - Bowmark Capital closes £265m fund in ten weeks
Bowmark Capital has closed its new fund, Bowmark Capital Partners IV, with total commitments of £265m, only ten weeks after its launch last year. With 23 investors, the fund was significantly oversubscribed at its hardcap following the success of Bowmark's...
FRANCE - Seventure takes 10% of Sidetrade
Seventure Partners has acquired a 10% stake in software firm Sidetrade. In 2007 Sidetrade recorded a turnover of EUR 7.34m, a 34% increase on the previous year. The company forecasts growth of 22% between 2007 and 2011.
FRANCE – Psilos Group lead Seventure in EUR 20m financing of Mauna Kea Tech
Psilos Group has led a EUR 20m financing round for Mauna Kea Technologies, which included contributions from Seventure and existing investor Creadev. Psilos invested EUR 14m while both Seventure and Creadev invested EUR 3m respectively. The new round...
SWEDEN - Ratos completes refinancing of Bisnode
Ratos has completed a refinancing of Bisnode, the Swedish supplier of digital business and support information for businesses, which will provide the owners with a cash payment of approximately SEK 865m. The recapitalisation was enabled through a positive...
ITALY - NEIP exit from textile company generates over 35% IRR
Nord Est Investment Partners (NEIP), has sold its 33.79% stake in textile manufacturer Incotex, generating an IRR of 35%.
UK - QinetiQ portfolio company acquires pSiNutria
Intrinsiq Materials Ltd, a nanotechnology business owned by venture capital fund Qinetiq Ventures, has acquired the assets of pSiNutria Ltd, a wholly owned subsidiary of PSvidia Ltd that focuses on nanoporous silicon technology company.
SWITZERLAND – Carlyle acquires KSC.net
The Carlyle Group has acquired, in partnership with management, KCS.net Holding AG, an Enterprise Resource Planning solution (ERP) vendor in an all-cash transaction.
UK - Darling changes CGT proposals to benefit small businesses but not private equity
Alistair Darling has backed down from his November Pre-Budget Report plan to enforce a single 18% tax on capital gains. The Chancellor announced today that while he was going to go ahead with the scrapping of taper relief (which gives tax incentives to...
CEE - Advent International promotes Chris Mruck to managing partner
Advent International has promoted Chris Mruck to managing partner of its Central and Eastern European team in Prague.
UK - Buyout houses ready for Prêt
Advent International, Bridgepoint and Morgan Stanley are all reported to be preparing bids for UK sandwich chain Prêt a Manger. However, the £400m-plus price tag on the asset is unlikely to be realistic, owing not only to market wobbles but also to...
FRANCE - A Plus Finance invest EUR 2m in Novalys
A Plus Finance invested EUR 2m in software company Novalys. Novalys generates 40% of its turnover in Exports. The investment will be used to continue its expansion abroad.
NETHERLANDS - BioGeneration and PPM Oost invest in NovioGendix
BioGeneration and PPM OOst have invested in NovioGendix, a Dutch-based company.
UK - Endless appoints new investment manager
Endless has appointed Simon Mason as investment manager in its Birmingham office.
ITALY - Intesa Sanpaolo invests EUR 7m in software company
Intesa Sanpaolo has taken a 23% stake in software company Dedalus in a deal valued at EUR 13.6m, to which the investor provided EUR 7m.
SPAIN - CVC acquires majority stake in restaurant chain
CVC-backed Grupo Zena has acquired a majority stake in restaurant chain La Vaca Argentina in a deal reportedly valued at EUR 18m.
France – Wellcome Trust leads EUR 25m Endotis financing
Wellcome Trust has led a EUR 25m second financing round for Endotis Pharma, which included contributions from Eneavour Vision, NIF Ventures and existing investor Sofinnova Partners.
SPAIN - Investor Growth Capital acquires 26% stake in TDT
Swedish venture capital firm Investor Growth Capital has acquired a 26% stake in Televisión Digital Terrestre (TDT).
UK - MSIF invests £1.4m to support Aerogistics expansion
Merseyside Special Investment Fund (MSIF) has made an investment of £1.4m to support the growth of aerospace supply chain management company Aerogistics.
FINLAND - CapMan Technology 2007 closes on EUR 142m
CapMan Technology 2007 has closed on EUR 142.3m, just short of its EUR 150m target. The vehicle employs a 10+1+1 structure and is based in Gurnsey.