News
UK - Global Infrastructure appoints Joseph Blum as partner
Global Infrastructure Partners (GIP) has appointed Joseph Blum as a partner and general counsel, based at the companyтs London office. Blum will join GIP on 1 July 2007. He has extensive experience in representing sponsors and financial institutions in...
FRANCE - Siparex leads investment in OneDirect
The fund Siparex Midcap and the fund SES Iberian I, which is co-managed by the Siparex and Portugal's Espírito Santo group, have invested more than EUR 3m for a minority ownership interest in OneDirect, a telephone hardware distributor.
UK - BLP expands leverage finance team
Berwin Leighton Paisner has expanded its leveraged finance practice with the recruitment of Philip Whale as a partner.
FRANCE - IT security specialist raises EUR 3m from EdRIP
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 3m in Exclsuive Networks, a distributor of IT security systems.
FRANCE - AFIC party highlights serentiy of French private equity
AFIC's annual bash was a chance for the industry's leaders to gather and witness the handing over of the trade body's presidency from Eurazeo's Patrick Sayer to Apax's Eddie Misrahi, who, in his inaugural speech, stressed the importance of unity between...
Quote - Barber says private equity not all bad – but keep an eye on Boots
“I do not think all private equity is bad,” the TUC’s Brendan Barber told unquote” when discussing the escalating tension over private equity. “Nor do I think all Plcs are good. No one model is perfect. The crucial difference between the two is transparency....
FRANCE - 21 Centrale Partners backs buyout of Groupe Sud Robinetterie
21 Centrale Partners has led the buyout of Groupe Sud Robinetterie (GSR), a manufacturer and distributor of high-end valves for the oil & gas, petrochemical, power generation and chemical industries. The deal was supported by senior and junior mezzanine...
SPAIN - Nmás1 and Dinamia holding high hopes for HIgh Tech IPO
Rumour has it that Nmás1 and Dinamia have hired Credit Suisse to prepare the flotation of hotel chain High Tech. The IPO will probably see the listing of a 60% shareholding (a stake equal to the company's portion owned by the GPs) and will aim to raise...
UK - Imperial Innovations in £2.3m investment in biopharmaceutical company
Imperial Innovations Group, Longbow Capital and The Capital Fund have completed a ТЃ2.3m investment in biopharmaceutical PolyTherics Ltd. Longbow Capitalтs private client base invested ТЃ1.3m, and Imperial Innovations and The Capital Fund invested ТЃ750,000...
SPAIN - Corpfin Capital acquires tour operator Catai
Private equity firm Corpfin Capital has completed the acquisition of a 50% stake in travel business Catai Viajes. The remainder will be held by the family Torres, the founder of the group, and the current management team.
UK - LDC boost South team
LDC has boosted its South team three new appointments. Adrian Willetts, James Austin and Richard Stewart join the existing team headed by Regional Managing Director, Kevan Leggett. Willetts joins LDC as director with a focus on new business and supporting...
AUSTRIA - Mid Europa in EUR 1.4bn One mobile deal
Mid Europa Partners has teamed up with France Telecom/Orange to acquire One GmbH, the third largest mobile operator in Austria, in a EUR 1.4bn deal. This transaction is expected to close within the next three months. It is the second largest buyout in...
UK - Treasury Select Committee grills LBO representatives
Four representatives from the world's biggest buyout firms answered to a group of MPs at today's Treasury Select Committee. Whatever they felt privately about being made to account for the industry, publicly, the hearing was welcomed. "It's very important...
NORWAY/SWITZERLAND - ReVolt Technology raises EUR 10m
ReVolt Technology AS, a developer of rechargeable Zinc-air batteries, has raised €10 million in second-round funding. Backers include Northzone Ventures, Sinvent, Sofinnova Partners, TVM Capital, Verdane Capital and Viking Ventures. Revolt Technologies...
UK - Rutland portfolio company divests division
Rutland Partners portfolio company Wolstenholme Group Ltd is to sell the business and certain assets its metallic effect pigment and metallic printing ink business (the Metallics Business) to Eckart GmbH and Co KG for ТЃ22m. The sale is conditional on...
UK - Energy Ventures, HitecVision and Scottish Equity Partners sells MTEM to PGS makng 9x
HitecVision, Energy Ventures and Scotish Equity Partners have sold MTEM to PGS for USD 275m, making a 9x money multiple. 22% MTEM of the company was owned by the three investors, while 35% was owned by the University of Edinburgh. After the transaction...
UK - YFM invests £250,000 in Geonix
YFM has provided tracking technology company Geonix Tracking with ТЃ250,000 of funding via its South West Ventures Fund.
UK - Aberdeen commits £8.85m to oil and environmental services business
Aberdeen Asset Managers Private Equity has invested ТЃ8.85m of expansion capital in oil and environmental services provider Adler and Allan Ltd. Aberdeen takes a minority stake in the business.
UK - Boots deal one step closer to completion
The first delisting of a FTSE 100 company is one step closer to completion today after the trustees of the Alliance Boots pension fund struck a deal with KKR. The ТЃ11.1bn buyout is on track to complete on 28th June 2007 with KKR pledging to inject ТЃ418m...
ITALY - Sicurglobal auction to finalise in July
Market sources speculate that the competitive process for security business Sicurglobal should end in the second week of July. It is understood that private equity firms Stirling Square Capital Partners, Cognetas, 21 Investimenti and Synergo - all owners...
ITALY - Alcedo and Unicredit exit MiniGears
Private equity firm Alcedo and Unicredit have sold manufacturer MiniGears SpA to sector player Carraro Group.
GERMANY - Halder exits BHS Getriebe GmbH
Halder has sold turbo gears manufacturer BHS Getriebe GmbH to Voith Turbo, a group division on Voith AG. The transaction value has not been disclosed. This divestment represents the fourth transaction published by Halder within the last six weeks, following...
AUSTRIA - Gamma Capital Partners expands team
Gamma Capital Partners has appointed Joachim H Wolff as venture partner. Wolff has a long track record in venture capital as well as a management consultant. Previously he has held positions at companies including T-Venture, AVC Venture Capital, Roland...
UK - unquote" London Private Equity Congress – next week
Join unquoteт next Thursday to hear the BVCA and Brendan Barber, General Secretary of the TUC, debate the merits of private equity at the unquoteт London Private Equity Congress. Luke Johnson of Risk Capital Partners and Channel 4 will start the day off,...