News
NORWAY - Arcapita sells Roxar to CorrOcean
CorrOcean has entered an agreement with Arcapita to acquire 100% of Roxar, the Stavanger based technology solutions provider for the oil and gas industry. The price represents an enterprise value of NOK 2.2bn. The two companies have a strategic fit, and...
BALTIC - BaltCap attracts Catella Private Equity to finance expansion for Intrac
Intrac, a supplier of tracked and wheeled machines for forestry, material handling and earthmoving in the Baltic States, has attracted Catella Private Equity as an investor to fund further expansion. Catella Private Equity will become a shareholder through...
FRANCE - Nexway receives EUR 5m from CM-CIC, Turenne and XAnge
Electronic software distributor Nexway has raised EUR 5m in a second round of financing arranged by Chausson Finance.
UK - HgCapital sells IRIS and CSG in £500m deal
HgCapital has sold IRIS Software, a provider of software to accountacy practices, and Computer Software Group (CSG), a provider of software to legal practices, to Hellman & Friedman for ТЃ500m. Hellman & Friedman plans to merge the two entities. HgCapital...
BALTIC - BaltCap exits ZetCOM
BaltCap has sold its minority position in ZetCOM to Latvijas Mobilias Telefons Ltd. BaltCap invested in ZetCOM in 2005 to be part of the heavily growing telecom market in the region.
FRANCE - CAPE makes 3x from sale of Béryl to Vivarte
The sale by Crédit Agricole Private Equity of shoe distributor Béryl to Charterhouse-backed Vivarte has been approved by market authorities.
SWEDEN - Provider Venture Partners divests Drutt to Ericsson for a 5x return
Provider Venture Partners has sold their stake of Drutt, a software company, to Ericsson. The value of the deal is not disclosed but it is valued to be around SEK 350-400m, with Provider Venture Partners securing a 5x money multiple. Drutt Corporation...
IRELAND - Adaptive Mobile raises $14m
Doughty Hanson has led a $14m financing round in Dublin-based Adaptive Mobile. Kuwaiti investor Noor Financial Investment Company also participated in the funding round, as did existing investor Inter Capital.
FRANCE - Truffle Venture makes two good exits
Truffle venture has sold its entire stake in IT maintenance business Isis MPP to Eurilogic and has divested about a quarter of its shares in marketing agency Netbooster.
FRANCE - Bryan, Garnier & Co appoints director of structured products
Independent investement bank Bryan, Garnier & Co has appointed Henri-Pierre Jeancard as a director in charge of structured products origination, in the Paris office.
SPAIN - Clave Mayor and Möbius invest in Vivotecnia
Clave Mayor and Möbius Corporate Venture Capital have acquired 100% of Vivotecnia Research alongside the management and private investors. Additionally, a capital increase has been made to allow the purchase of new installations.
SWEDEN - Industrifonden recruits two new professionals
Industrifonden has hired two new investment managers, Stefan Jakelius, formerly head of seed financing at the Energy Agency, and Tore Tolke, formerly investment manager at Småföretagsinvest.
SWEDEN - Ferd Venture invests NOK 80m in Nanoradio AB
Ferd Venture has invested NOK 80m in Swedish chip producer, Nanoradio AB, as part of a NOK 160m round with existing investors Nordic Venture Partners, Innovacom, Teknoinvest og Industrifonden. The new capital will be used to fuel internationalisation...
FRANCE - Activa continues to grow
Mid-cap private equity firm Activa Capital has hired Julien Di Marco as an Investment Analyst.
GERMANY - Alantos Pharmaceuticals sold to Amgen for $300m
Heidelberg Innovation, Earlybird and Forbion Capital Partners have exited their stakes in Alantos Pharmaceuticals Holding to US-based biotechnology company Amgen. Under the terms of the agreement, Amgen will pay $300m in cash to acquire Alantos.
GERMANY - Blue Lion receives multi-million financing
German mobile internet start-up Blue Lion mobile has closed a multi-million Euro financing round from Bertelsmann Digital Media Investments.
ITALY/AUSTRIA - Riverside sells PPC to Seves Group
The Riverside Company has sold insulators manufacturer PPC Insulators to Italian Seves Group. Following the transaction Vestar-backed Seves is expected to record revenues of more than EUR 400m.
ITALY - ElectroPS receives backing from 360º Capital Partners
Venture house 360º Capital Partners has agreed to provide total funding of up to EUR 5m to energy sector business Electro Power Systems (ElectroPS) in return for a minority stake.
SWEDEN - Malmöhus Invest makes 14x on exit of HARDI Electronics
Malmöhus Invest has sold HARDI Electronics AB to Synplicity Inc in California, making a 14x return in cash, and an IRR of 140%.
FINLAND - Eqvitec acquires outstanding shares of StyroChem
Eqvitec Technology Fund III has acquired the outstanding shares in StyroChem Finland Oy, a producer of expandable polystyrene (EPS), from Wincup. The investors will also offer management ownership in the compnay.
IRELAND - Doughty Hanson leads $14m investment in AdaptiveMobile
Doughty Hanson has led a $14m second round of funding for AdaptiveMobile. Additional investment came from Noor Financial Investment Company and existing investor, Intel Capital.
FRANCE - Summit Partners takes 20% of Vente-Privée.com
Summit Partners has made a growth capital investment in online clothing retailer Vente-Privée in exchange for a 20% equity stake.
FRANCE - Unigrains appoints new president
The board of directors of agriculture-oriented investor Unigrains has appointed Philippe Pinta as president, replacing Henri de Benoist.
DENMARK - Unifeeder is acquired by Montagu for over EUR 400m
Montagu Private Equity has acquired feeder operator Unifeeder from its management for over EUR 400m. The investors acquired 100% of the company, but the management will take a significant stake in the business going forward. Unifeeder was sold via an...