News
SWEDEN - Litorina Kapital acquires Pahléns
Litorina Kapital III has acquired Pahléns, a Swedish developer, manufacturer and seller of swimming pool products. Litorina Kapital will following the transaction hold 75%, while the founding family will hold the remaining 25%.
FRANCE - Audika exit yields over 40% IRR
FPG-LFPI, CIC Finance and Socadif have made satisfactory returns from the sale of their convertible bonds in Holton, the holding controlling 54% of hearing aids distributor Audika.
UK - No tax changes imminent says Darling
The new Chancellor Alistair Darling has told the Financial Times that he will not be making any knee jerk reactions to change the tax regime enjoyed by the UK's private equity industry. He urged critics not to suggest that "all private equity is bad -...
GERMANY - Venture capitalists back cellity AG
Neuhaus Partners, Mangrove Capital Partners and BrainsToVentures have invested in Hamburg-based developer of mobile internet applications cellity. The invested amount has not been disclosed. The fresh capital will accelerate the company’s growth and its...
UK - New Look sale off
It is reported that a consortium comprising Warburg Pincus, TPG and BC Partners have pulled out of a sale process to buy fashion retailer New Look. A ТЃ2bn price-tag was too much for the Warburg Pincus-led team who are understood to have offered ТЃ1.7bn,...
UK - MSIF invests £300,000 in software company J2 Aircraft Dynamics
Merseyside Special Investment Fund's Seed Fund has provided software company J2 Aircraft Dynamics with ТЃ300,000 of funding. The investment follows an earlier round of ТЃ100,000. The software has the potential to transform the aircraft manufacturing industry....
POLAND – Krokus acquires Transsystem
Krokus Private Equity has acquired a 70% stake in Polish technological transportation system manufacturer Transsystem. Founded in 1991, the company is based near Rzeszow and posted revenues last year of EUR 40m. As a result of the deal, Krokus will assume...
FRANCE - Truffle Venture exits Dietswell and Velcan
French venture capital firm Truffle Venture has partially divested its shareholding in oil engineering business Dietswell, and fully exited its stake in green energy producer Velcan.
UK - Third Meeting of the Treasury Select Committee
Asked about what he thought of the AA/Saga deal at the third hearing of the Treasury Select Committee today, Jon Moulton replied, тIt was very large and very profitable. It's not the finest PR we could have had, at a time when the industry is under scrutiny.т...
FRANCE - CAPE makes 2.3x from sale of Leasecom to ACP Capital
Crédit Agricole Private Equity (CAPE) has sold its entire stake in IT system leasing business Leasecom Group, to UK-based private equity investor ACP Capital, generating an IRR of 30% and a money mutliple of 2.3x.
SWEDEN - Litorina Kapital III L.P acquires Securia
Litorina Kapital III L.P has acquired Securia Systems AB, a Swedish company that offers security related services and insurance solutions. Following the acquisition, Litorina Kapital will be the majority shareholder while the former owners will remain...
NORWAY - ChapDrive raises EUR 2.25m from NorthZone el al.
ChapDrive AS and NTNU Technology Transfer AS have agreed with NorthZone Ventures, Hafslund Ventures and Statoil New Energy a new share issue combined with sale of shares for a total EUR 2.25m. The new investment will be used to build an international...
FINLAND - The Carlyle Group makes first real estate investment in Finland
The Carlyle Group has made its first investment in Finland by acquiring four buildings in Helsinki from the pension fund of Finnish Broadcasting company, YLE. Carlyle Europe Real Estate Partners has acquired a portfolio of three properties located north...
NORWAY - True North Private Equity and Ernströmgruppen acquire Flisekompaniet
True North Private Equity and Ernströmgruppen, through its subsidiary Ernström Handel & Industri AB, have signed an agreement with Liano AS and FK Invest AS to acquire the shares in Flisekompaniet, a Norwegian tile retailer.
PORTUGAL - Inter Risco establishes outsourcing business
Alongside a group of investors, private equity firm Inter-Risco purchased a stake in Accountec, a newly-established company which will operate in the business process outsorcing sector. The total transaction value is EUR 4.5m and the backers will leverage...
NETHERLANDS – Lunatech backs BitLogistics
Lunatech Ventures has led a round of seed funding for BitLogistics, a Rotterdam-based business that monitors and manages supply chains.
FRANCE - Diatos raises further EUR 9.4m
Biopharmaceutical company Diatos has received additional funding from its syndicate of existing investors.
FRANCE - Mezzanis hires two associates
Camille Delibes and Jean-Philippe Carvaillo have joined Mezzanis, Crédit Agricole Private Equity's mezzanine structure, as associates.
FRANCE - DeAgostini wins exclusivity for Marathon secondary buyout
Italian-listed holding DeAgostini has been granted a period of exclusivity for the acquisition of television production company Marathon, according to French press reports.
SWEDEN - OxThera receives SEK 150m in new share issues
A consortium of investors has invested SEK 150m in OxThera AB, a Swedish pharmaceutical compnay. The previous investors HealthCap, Scandinavian Life Science Venture and Q-Med AB, were joined by Industrifonden and other private investors in the new share...
US/UK - Campbell Lutyens appoints Davidsson as partner
Placement agent Campbell Lutyens has promoted Christoffer Davidsson to a partner at the firm. Davidsson, who runs the firmтs New York office, joined in 2001 bringing with him experience gained at ING Barings and WR Hambrecht.
ITALY - Cape Live Investment fund to float on 19 July
Cape Listed Investment Vehicle in Equity (Cape Live) is to list up to 40 million shares as part of a capital increase on the Milan Stock Exchange. Trading is expected to start on 19 July, at an issue price of EUR 1.05 per share. From 2 July to 13 July...
GERMANY - BVK announces PR initiative
A collection of private equity heavyweights, alongside the BVK, have announced an initiative designed to explain the benefits of private equity to a wider stakeholder base. The Large Buyout Group will commission indepedent reports on the economic impact...
UK - Jaguar and Land Rover in private equity sights
A number of private equity firms, including Cerberus Capital Management, Ripplewood Holdings and One Equity Partners have received financial data on Ford's luxury UK brands Jaguar and Land Rover. Ford hired KPMG at the end of June to prepare the books...