News

SPAIN - Ibersuizas receives attractive offer for Alcasa

Private equity firm Ibersuizas is said to have received an attractive offer for its stake in Aluminio Catalán SA (Alcasa) from industrial player Abengoa. Rumour has it that the auction process, led by corporate finance boutique Atlas Capital, also involves...

UK - Montagu acquires ghd brand from LDC

Montagu Private Equity has backed the ТЃ160m management buyout of the Jemella Group, the owner of the ghd hair straightening brand. The deal represents an exit for previous backers LDC who acquired the business in July 2006 for an undisclosed sum. Montagu...

SWEDEN - Proventus invests SEK 70m to save J.Lindeberg

Proventus has agreed to invest SEK 70m in fashion company J.Lindeberg. The deal gives Proventus a 35% stake in the business which has recently experienced difficulties between founder Johan Lindeberg and the current owners. Following the new investment,...

SWITZERLAND - GlycoVaxyn receives CHF 11.5m

Sofinnova Partners and Index Ventures have provided Swiss biotech company GlycoVaxyn with CHF 11.5m of series-A funding. GlycoVaxyn is developing the next generation of conjugated vaccines (antigenic sugar/protein complexes) which target bacterial infections....

AUSTRIA - GCP appoints Christian Lutz as new venture partner

Christian Lutz has joined gamma capital partners as a venture partner. Lutz has more than 15 years of experience in the internet, media and telecommunication sectors. Prior to joining GCP, he was the general manager Europe for software company Qpass,...

  • GPs
UK - Providence re-enters the fray for Virgin Media

Providence Equity has expressed its interest in Virgin Media ten months on from its last play for the business. Providence was reported to be interested in bidding for the US-listed company in 2006 when it was known as NTL before its merger with Virgin...

CEE - Mid Europa Partners buys Medycyna Rodzinna from Enterprise

Mid Europa Partners has agreed to acquire up to 100% of Medycyna Rodzinna S.A. from Polish Enterprise Fund LP, the fund managed by Enterprise Investors, and several individual investors. The deal, expected to close in the second half of 2007, will be...

  • CEE
BELGIUM - KBC Arkiv invests EUR 1m in Intek

KBC Arkiv has injected EUR 1m in Intek, a Flemish manufacturer of proprietary innovative electro-mechanical keys, which combine the benefits of traditional cylinder locks and badge access control systems.

UK - No boot in the door for Terra Firma

Terra Firma had attempted to acquire a stake in Alliance Boots as part of the equity syndication process. The banks which provided a ТЃ1.3bn equity bridge are now in the process of syndicating that equity, with Terra Firma understood to have offered to...

UK - Virgin Media seeks strategic buyer

It is understood that Virgin Media has appointed UBS to help it search for a strategic buyer. The UK communications giant has recently attracted private equity interest. Carlyle is reported to be undertaking due diligence ahead of a bid which could value...

UK - Jonny Maxwell joins Allianz Group

John D. Maxwell takes over the position of global head of Allianz indirect private equity business in London. This new entity has been established in order to coordinate and further expand the existing private equity fund-of-funds business of Allianz...

UK - Halliwells' corporate team expands

Halliwells has further boosted its London corporate team with the appointment of two new partners. Private equity specialist Steven Raize joins from Fladgate Fielder, whilst Catherine Moss has joined from the Dubai office of Clyde & Co. This double hire...