News
FINLAND - Nordic Venture Partners invests in SANAKO
Nordic Venture Partners has invested EUR 5m in SANAKO, a provider of technology for live language learning.
DENMARK - ISS exit on the cards
EQT and GS Capital Partners–backed ISS, the Danish hygiene services company, could soon be ready for a trade sale or listing.
SPAIN - Berquet Desarrollo Empresarial backs internet player
Berquet Desarrollo Empresarial has provided internet music portal Nvivo.es with a first round of funding.
UK - Apax and Permira hang onto New Look
Reports suggest that Apax and Permira plan to continue to own clothes retailer New Look for some time. The private equity backers had planned to sell the company in mid-2007 but struggled to find appetite for the £1.8bn asking price. In late 2006, the...
UK - TA Associates promotes Christopher Parkin to Principal
TA Associates has announced the promotion of Christopher Parkin from vice president to principal.
UK - Catapult backs Kyoob with £500,000
Catapult Venture Managers has invested £500,000 into Kyoob Space Ltd, a company that designs, manufactures, hires and sells premium end relocatable buildings for the temporary accomodation market.
UK - Foresight and SPARK exit software business
Foresight Group and SPARK Venture Management, through its Quester VCTs, has sold software business Nomad Payments Ltd to Metavante Technologies, Inc for $58m. Nomad is a provider of prepaid and debt card processing and licensed software. The exit generated...
UK - Octopus backs £9.75m MBO of Tristar
Octopus Investments has invested £4.8m to support the £9.75m management buyout of Tristar Worldwide Chaffeur Services, with Barclays providing senior debt and invoicing discount facilities.
ROMANIA - Royalton acquires a 95% stake in CertAsig
Royalton Capital Investors II has acquired, directly and through a capital increase, a 95% stake in CertAsig, a Romanian insurance company, from a consortium of Spanish investors.
GERMANY – EquiVest acquires REGE Motorenteile
EquiVest, managed by CBR Management GmbH, has acquired REGE Motorenteile GmbH & Co KG from parent company Schaeffler AG. REGE manufactures parts for the automotive industry and is based in Herzogenaurach. The company has two manufacturing plants in Eisenach...
GERMANY - Hasso Plattner Ventures invests in family networking site
Hasso Plattner Ventures has provided OSN GmbH, the company behind family networking site verwandt.de, with a second round of funding. This marks the investor’s largest investment to date. Existing investor, Neuhaus Partners, also participated in this...
UK - Parallel Private Equity commits £70m to Greenhill fund
Parallel Private Equity has committed £70m to Greenhill & Co's first European fundraising effort. The money is structured as a £70m draw-down facility over five years. Greenhill announced the final close of the fund on £191m in December 2007.
UK - Advantage puts mortgage brokers on the block for £50m
Advantage Capital is to divest mortgage brokers portfolio company John Charcol for an estimated price of £50m. Gleacher Shacklock is to run a sale process to facilitate the disposal after Advantage received a number of approaches for the business.
UK - Blackstone edges closer to Close Brothers deal with £1.6bn offer
According to sources, Blackstone is prepared to pay up to 1,100p per share for Close Brothers. The offer represents a market capitalisation of £1.6bn for the London-listed investment bank.
UK - Electra Quoted Management acquires Peter Werth
Electra Quoted Management has led the £10m+ management buy-in of men's clothes brand Peter Werth. Clydesdale Bank provided a debt package to support the deal which represents an exit for founder Peter Werth.