News
UK - Matrix completes £6.5m MBO of DiGiCo
Matrix Private Equity Partners has financed the ТЃ6.5m management buyout of DiGiCo, a manufacturer of digital mixing consoles for post-production, broadcast, live performance and theatre markets across the world.
FRANCE - XAnge and OTC AM invest in online household goods retailer
XAnge Private Equity and OTC Asset Management have injected EUR 3.3m in Delamaison.fr.
UK - Close Ventures leads £1.5m funding round for software company PSE
Close Ventures is pleased to announce that it has invested ТЃ1.5m into Process Systems Enterprise (PSE).
GERMANY - Neuhaus Partners backs ICS
Neuhaus Partners has invested in internet startup company ICS Internet Consumer Services. The funding will be used to develop ICS’s latest web 2.0 project, verwandt.de. The invested amount has not been disclosed but it is understood to be in the million...
FRANCE - UI Gestion backs management buy-in of Didactic
UI Gestion, regional fund NCI Gestion and CDC Entreprises have backed the MBI of Didactic, a designer, manufacturer and distributor of disposable medical equipment.
NL - Gilde acquires Dutch caramel waffles business Van der Breggen
Gilde is to acquire the Tilurg-based caramel waffles and caramel biscuits bakery Van der Breggen BV. Financial details of the transaction, which is yet complete, were not disclosed. The acquisition will result in a merger between Van der Breggen and Bakkersland...
FRANCE - Rhône-Alpes PME Gestion backs TSV spin-off
Rhône-Alpes PME Gestion has invested EUR 850,000 in equity and convertible bonds to back the management buyout of Transformateurs Solutions Vénissieux (TSV) from Areva T&D.
FRANCE - Methane-based energy specialist Naskeo raises EUR 2.6m
Oddo Asset Management and XAnge Private Equity have each invested EUR 1.3m in Naskeo Environnement, a renewable energy solution provider.
FRANCE - French-born Virtual Logix receives $16m B-round
Formerly known as Jaluna, Virtual Logix has raised $16m from a syndicate led by Esprit Capital Partners, and including new investor Intel Capital, and existing investors Atlas Venture and Index Ventures.
EUROPE - Balderton Capital invests in TvTrip.com
Balderton Capital has invested EUR 3.5m in TVtrip.com alongside Partech International. Balderton Capital was formerly known as Benchmark Capital Europe.
SWITZERLAND - Madison Private Equity exits SimilorGroup
Madison Private Equity has sold Swiss sanitary faucets manufacturer SimilorGroup to the Spanish Roca Group. The transaction value has not been disclosed. Since 2002, Madison Private Equity had gradually increased its ownership in Similor from the founding...
UK - Octopus acquires stake in T4 Media
Octopus Private Equity has invested in T4 Media Ltd. Octopus has come in as a partner to finance growth and to assist with the strategic development of the business. It is anticipated that further bolt on acquisitions will be made in due course.
AUSTRIA - EK Fin invests in Vienna Acoustics
EK Mittelstandsfinanzierungs AG (EK Fin) together with Eucoma Consumer Goods GmbH has backed the owner buyout of speaker manufacturer Vienna Acoustics. Previous company owner Renate Köberl remains invested in the company.
CEE - 3i appoints Andrzej Szostak to CEE buyout team
3i has appointed Andrzej Szostak to its Central and Eastern Europe buyout team, led by partner Stuart McMinnies. Szostak will be primarily based in Warsaw, with the remainder of his time divided between London and other parts of the CEE region. He will...
CEE - DBG acquires Tomplast
It is widely reported that DBG Eastern Europe, a Central and Eastern Europe focused private equity firm, has acquired 100% stake in Slovenian plastic components producer Tomplast. Mark Stemberger has led the MBI team that partnered with DBG in the transaction....
CEE - BAF acquires Bulgarian ice cream company Darko
It is reported in Bulgarian newspaper Dnevnik that Balkan Accession Fund (BAF) has acquired a majority stake in Bulgaria's second biggest ice cream producer Darko. Company owner Petar Tsvetkov will retain all managerial functions and a minority stake...
UK - NBGI floats Superglass generating 10.7x returns
NBGI Private Equity has recouped 10.7x its investment through the IPO of Superglass on the London Stock Exchange. The listing enables NBGI to divest its 50.9% stake generating an IRR of 244% on its two year involvement with the glass wool insulation manufacturer....
UK - Hotbed, YFM and Albany in £3.49m fundraising for Mtivity
Hotbed, YFM Group and Albany Ventures are together investing ТЃ3.49m in software company Mtivity. Hotbed provided ТЃ1.55m of the total funding package. The investment was introduced to Hotbed by Albany, a specialist early-stage technology investor.
GERMANY - UTT Group changes hands
DZ Equity Partner has backed the management buyout of German textile manufacturer UTT Technische Textilien Group from BPE Private Equity. The transaction value has not been disclosed. The UTT management team reinvested and now holds a 51% stake in the...
EUROPE - EVCA defends private equity at European Parliament Forum
At the European Parliamentтs Financial Services Forum last night, EVCA secretary general, Javier Echarri, strongly defended the role and wider function of Private Equity. тThose who demonise Private Equity should consider the law of unintended consequences...
DENMARK - PharmaZell acquires GEA Pharmaceutical
AUCTUS Management portfolio company PharmaZell GmbH has acquired a controlling stake in GEA Pharmaceutical from Sandoz. GEA Pharmaceutical focuses on the development of solid finished dosage forms, offering all services related to pharmaceutical development...
EUROPE - EVCA changes address
EVCA (the European Private Equity & Venture Capital Association) moves to the centre of Brussels, close to the Parliament and Commission offices, at the end of this week. EVCAтs new address will be: Bastion Tower Place du Champ de Mars, 5 1050 BRUSSELS....
UK - August acquires specialist healthcare provider
August Equity has supported the management buyout of Lifeways Community Care Ltd. Lifeways is a market leading provider of supported living for people with complex needs, offering nationwide coverage. HSBC provided debt to support the deal. Previously,...
UK - Boots CEO and retail director quit
Just weeks after KKR completed Europe's largest buyout, the retailer's two most senior executives have handed in their notice. CEO Richard Baker and retail director Scott Wheway addressed the Nottingham headquarters yesterday to pass on the news.