News
FRANCE - Venture-backed Pertinence merges with Intercim
Paris-based Enterprise manufacturing intelligence specialist Pertinence has merged with manufacturing execution systems solution provider Intercim, allowing Seeft Venture, Advent Venture Partners and Partech Intenational to realise their stakes.
UK - LDC backs £100m buyout of British Salt from US parent
LDC has acquired British Salt Ltd in a ТЃ100m management buyout from its US parent company, US Salt Holdings. It has invested ТЃ35m for a majority shareholding. Debt funding was arranged by the acquisition finance division of Lloyds TSB Corporate Markets...
ITALY - Carlyle acquires Palazzo Tergesteo in Trieste
The Carlyle Group has acquired Finrex S.p.A., owner of Palazzo Tergesteo in Trieste, from Associazione Cassa Nazionale di Previdenza ed Assistenza a Favore dei Ragionieri e Periti Commerciali. Carlyle is investing in this project through its second European...
SWITZERLAND - Consortium acquires TechnoMarine
A consortium led by Cobepa and Crédit Agricole Suisse has acquired Swiss luxury watch manufacturer TechnoMarine for an undisclosed amount. 123Venture also invested as well as the management team consisting of Jean-Claude Yana and Gilbert Ohayon.
SWEDEN - CapMan invests in healthcare provider Nacka Närsjukhus Proxima
Funds managed by CapMan will, together with management, acquire Swedish Nacka Närsjukhus Proxima AB, a private healthcare provider offering specialised healthcare in the greater Stockholm area.
FINLAND - CapMan exits from Medianorth
Funds managed by CapMan have sold their holding in media house Medianorth Group Oy to Avaus Consulting Oy.
FRANCE - Coronis Systems sold to Elster Group
Coronis systems, a developer of ultra-low-power wireless solutions headquartered in Montpellier has been acquired by metering company Elster Group, providing an exit for Banexi Ventures and AXA Private Equity.
GERMANY - 3i exits Wendt Holding GmbH
3i has sold German grinding machines and tools manufacturer Wendt Holding GmbH to Swiss Winterthur Technologie AG. The transaction value is said to be approximately EUR 100m. 3i backed the management buyout of Wendt in March 2005, acquiring the company...
FRANCE - Argos Soditic leads MBO of FBH
Mid-market private equity firm Argos Soditic has backed the management buyout of Financiere Harlé Bickford, a real-estate-owning diversified family conglomerate in the field of pyrotechnics and radiocommunications.
AUSTRIA – Darby commits EUR 20m to DDSG Cargo buyout
Darby Converging Europe Mezzanine Fund has committed EUR 20m to a EUR 100m leveraged buyout of river transportation company DDSG Cargo Group by East Point Holdings, a Serbian-controlled conglomerate.
SWITZERLAND – PregLem raises CHF 32m
Sofinnova Partners together with NeoMed Management and MVM LifeScience Partners has co-led a CHF 32m series-A financing round in biopharmaceutical company PregLem.
GERMANY – Terra Firma sells 50% of Tank & Rast
Terra Firma has sold 50% of German motorway service operator Tank & Rast to RREEF, the global alternative investment management business of Deutsche Bank’s Asset Management division. The transaction value has not been disclosed. The financial investors...
GERMANY – Bain Capital buys yacht manufacturer
Bain Capital has acquired Bavaria Yachtbau GmbH from the founding families Herrmann and Meltl for an undisclosed amount.
UK - Duke Street and Europa in £260m buyout of Channel Islands group
Duke Street Capital and Europa Capital have made a recommended offer for Jersey-based company C.I. Traders Ltd. The proposal values the business at approximately ТЃ260m and includes funds provided by Uberior Co-Investments Ltd, a Bank of Scotland-owned...
UK - Balderton Capital backs online debt management start-up
Balderton Capital has provided Wonga, a start-up online service for same day personal debt management, with $6m of early-stage funding. The investment will be used to accelerate platform and product development, with the goal of establishing Wonga as...
UK - Members of Technology Strategy Board announced
The eleven board members who will sit on the new Technology Strategy Board have been announced. The Technology Strategy Board, currently a DTI advisory body, will become operational as an executive non-departmental public body from 1 July 2007. The newly-appointed...
FRANCE - Alyotech receives backing from Iris and CDC Entreprises
Iris Capital and CDC Entreprises have committed up to EUR 10m for technology consultancy group Alyotech.
NL - Candover expected to make EUR 1.5bn cash offer for Stork
Candover has expressed its intention to make a EUR 1.5bn public offer for all the shares of Dutch industrial conglomerate Stork. London Acquisition B.V., a holding company controlled by Candover funds, and Stork issued a joint press release, which states...
UK - Rutland expands team with appointment of Liam Camburn
Rutland Partners has appointed Liam Camburn to its investment team. Camburn qualified as a chartered accountant with Arthur Andersen following which he joined their private equity transaction services team. This team ultimately transferred into KPMG....
FRANCE - Chausson Finance appoints Galileo's Christophe Viet as Partner
Venture corporate financier Chausson Finance has appointed former venture capital investment professional Christophe Viet as partner.
UK - Moulton to feature in next Treasury Select Committee
The concluding part of this summer's Treasury Select Committee trilogy is to feature Jon Moulton. He will appear alongside Peter Taylor of Duke Street Capital, a representative from CVC and Blackstone's David Blitzer before the group of MPs next Tuesday....
CEE - Mid Europa Partners completes first ever leveraged buyout in Serbia
Mid Europa Partners has acquired a controlling stake in Serbia Broadband (SBB) from SEEF I fund, managed by Bedminster Capital Management. The deal represented the first leveraged buyout in Serbia.
SPAIN - Banesto Enisa Sepi Desarrollo invests in Global Events ID
Madrid-based private equity firm Banesto Enisa Sepi Desarrollo has acquired 25% of event organiser Global Events ID Corporation.
UK - Dunedin backs £16m MBO of Fernau Avionics
Dunedin has backed the ТЃ16m management buyout of navigational equipment manufacturer Fernau Avionics from Canadian-based Glendale International Corp. Dunedin invested ТЃ8m in return for a majority stake in the newco.