News
SWITZERLAND - Capvis exits ETAVIS
Capvis has sold the ETAVIS Group to the French Vinci Group for an undisclosed amount. The strategic buyer is acquiring a 95% stake in ETAVIS, while the management retains a 5% holding.
UK - 3i set to profit further from NCP Services exit
Three months after selling the car park arm of NCP, 3i is to see further realisations from the divestment of NCP Services. Macquarie Infrastructure acquired NCP Car Parks in March 2007 in a ТЃ790m transaction generating returns of 3x for 3i. 3i is now...
UK - Exponent portfolio company Trainline makes £18.7m acquisition
Exponent Private Equity portfolio company Trainline, an online retailer of train tickets, has acquired Advanced Smartcard Technologies Plc (AST). The public-to-private deal values the share capital of AST at ТЃ18.7m. AST was founded in 2000 and listed...
NL - Alta Partners leads EUR 15m round for biotechnology company
Alta Partners has led a EUR 15m funding round for Groningen-based Kiadis Pharma B.V. Existing investors also participated in the deal, amongst those was Esprit Capital Partners, investing a further EUR 0.5m from the Esprit-run Prelude Trust Plc.
SWITZERLAND - Advent appoints Rudi Pauwels to life sciences team
Advent Venture Partners has appointed Rudi Pauwels as venture partners in its life sciences team. Pauwels will work with Advent Ventures’ portfolio companies to help maximise their potential and with the Investment Team to source, assess and manage new...
BULGARIA - GED acquires FAMA
Spanish private equity management company GED has acquired Bulgarian dairy company FAMA. The transaction value has not been disclosed. GED has is to incorporate a new management team including Julio Muñoz, the former general manager of the Spanish dairy...
NORWAY - Cubera acquires Swedish tail end fund
Cubera Private Equity has acquired seven portfolio companies from the Swedish private equity fund Servisen private equity fund II.
FRANCE - Lovells poaches Eversheds partner
Law firm Lovells has recruited Pascal de Moidrey for its Paris private equity practice.
FRANCE - Bluekiwi Software receives EUR 4m from Sofinnova Partners
Sofinnova Partners has invested EUR 4m in Blukiwi Software, a developer of collaborative software solutions for corporate environments.
SWEDEN - 7 out of 10 Swedish venture capitalists seek to invest in clean-tech
According to a new study by the Swedish venture capital association (SVCA), 7 out of 10 Swedish venture capitalists seek to invest in clean-tech as investors and regard this sector to have the greatest potential. Clean-tech has attracted 6% of committed...
UK - CVC and Permira AA to merge with Charterhouse's Saga
CVC and Permira car breakdown portfolio company the AA is to merge with Saga, the specialist financial and travel service provider to over-50s, backed by Charterhouse. The deal will create a ТЃ6.15bn service provider giant. The merger comes as a shock...
UK - Ashley Brady joins Close Brothers Growth Capital from 3i
Close Brothers Growth Capital, the one-stop shop providing equity and debt funding to mid-market companies, has strengthened its investment team with the appointment of Ashley Brady as associate director.
GERMANY - BayBG backs Via Optronics
BayBG has invested EUR 500,000 in LCD display manufacturer VIA Optronics. Part of the amount invested is carried out in the form of a 'stille Beteiligung'. The funding will be used to expand the company's production facilities and grow internationally....
UK - Oxford Capital Partners provides waste-to-energy project with £2.5m
Oxford Capital Partners has provided Inetec Ltd with a follow-on funding round worth ТЃ2.5m. Inetec is a developer of waste-to-renewable-energy projects in the industrial food manufacturing sector. Existing investors Finance Wales and other new investors...
FRANCE - CAPE backs MBI of Ocean
LCL Régions Développement, a fund managed by Crédit Agricole Private Equity (CAPE), has acquired a minority interest in Ocean on the occasion of the buyout of the company by two incoming entrepreneurs.
US - Democrats introduce bill to end capital gains treatment of carried interest
As the private equity community was trying to recover from the UK Treasury Select Committee meeting last Wednesday, news of a bill in the US that proposes to end the carried interest tax advantage emerged. A group of Democratic Congressmen led by Rep....
UK - Promethean Investments acquires traded endowment policies business
Promethean Investments has acquired a 51% shareholding in TIS Group and a 51% shareholding in Protection Distribution Ltd (PDL). The financial buyer has invested ТЃ10m in cash and ТЃ40m in debt from its Promethean Investments Fund LP to facilitate the...
UK - Finance South West backs DT Media
YFM-managed Finance South West has invested a substantial sum in software company DT Media. DT Media has just won a major contract to supply the German Air Force with military training software to reduce the risk of тfriendly fireт. Finance South West...
UK - YFM invests £200,000 in The Alternative Energy Company
The Yorkshire and Humber Equity Fund, managed by YFM Group, has invested ТЃ200,000 expansion capital in energy equipment supplier and installer, The Alternative Energy Company Ltd. The funding round was boosted by a ТЃ50,000 investment from a business...
UK - DN Capital appoints Pierre Suhrcke as managing partner
DN Capital has appointed Pierre Suhrcke as managing partner. Suhrcke will focus on financial service technology companies and development capital deals at DN Capital as well as provide coverage for the German speaking countries. He was formerly the European...
UK - Sovereign continues Kinetics buy-and-build
Sovereign Capital-owned social housing services company Kinetics Group has acquired TA Horn Holdings, taking group revenues to ТЃ80m. The deal represents the third acquisition as part of Sovereign's buy-and-build strategy for Kinetics Group. TA Horn is...
UK - Linklaters boosts its banking practice
Linklaters has elected banking partner Brian Gray to join the firmтs London banking practice. Brian Gray specialises in leveraged and acquisition financing, with particular experience in public-to-privates, infrastructure transactions, securitisation...
SPAIN - Codere plans IPO, but will consider options
Gambling business Codere has finally decided to approve its flotation, forecast to happen in the next few weeks. However, the company is said to be in talks with a group of private equity firms and will consider to remain private instead. Another option...
SPAIN - Zenon Capital enters the market
The family Ventura has established its own private equity vehicle, Zenon Capital. The new firm has total capital of EUR 3m.