News
ITALY - Former Capitalia CEO in private equity fund launch
Capitalia's former chief executive Matteo Arpe has returned to Milan's financial scene after announcing the launch of Sator, a new house which will focus on private equity investments as well as asset management. Arpe will own around 50% of the shares...
SWEDEN - Industrifonden leads SEK 25m investment in cancer drug developer
Industrifonden has lead a SEK 25m funding round for Aprea AB, a Swedish developer of drugs against cancer. Existing investors, Karolinska Development, Östersjöstiftelsen (The Baltic Foundation) and Praktikerinvest have also participated in the investment...
SWEDEN - EQT Sells Duni shares to Melby Gård
Melby Gård has entered an agreement with EQT to acquire between 20.01-29.99% of shares in Duni AB in connection with the IPO of Duni, at the same price as other investors in the IPO. The IPO of Duni is expected to be announced on 14 November 2007.
SPAIN - Candover-run company faces staff slashes
Employees of leisure complex Parque Warner yesterday called a 24-hour protest at the municipality of San Martín de la Vega, southeast of Madrid. Parque Warner is run by Candover-backed company Parque Reunidos, which agreed on a 10-year management contract...
SWITZERLAND – Innovative Silicon Inc raises US 26m in Series Series C round
Innovative Silicon Inc announced today that Wellington Partners Venture Capital has joined with all existing investors (Index, Austin Ventures, Highland Capital, Auriga, and chipmaker Soitec) to lead a $25m series-C round of investment in the company....
GERMANY – Earlybird sells AbaXX Technology AG
Earlybird portfolio company, AbaXX Technology AG has been acquired by Dutch software company, Cordys. Earlybird and 3i provided the company with early-stage funding in 2000. Three further rounds of funding followed in which BayTech also participated.
GERMANY – Earlybird sells remaining stake in Tipp24 AG
Earlybird sold its remaining shares in Tipp24 AG, an internet business listed on the Prime Standard in Frankfurt. Its flotation in October 2005 was 15x oversubscribed. Earlybird provided early-stage financing to Tipp24 in 1999 and led the second round...
ITALY - Cape Natixis Due closes first deal
Mid-market fund Cape Natixis Due, managed by Cape Natixis SGR, has closed its first investment by acquiring the optical monomer division of US-based Chemtura.
UK - Darryl Cooke leaves DLA for Hill Dickinson
Darryl Cooke has left DLA Piper to join Manchester law firm Hill Dickinson. Cooke has been at DLA for three years, heading up its private equity team for the latter part of his time there. Prior to that he spent over ten years at Addleshaw Goddard establishing...
UK - DIC acquires Alliance Medical for £600m
Dubai International Capital (DIC) has acquired diagnostic imaging service provider Alliance Medical from Bridgepoint for £600m. Dresdner Kleinwort and Bank of Scotland are lead arrangers of the financing for the deal.
On the road to transparency
The Walker report made some valuable recommendations but concerns and questions remain.[QQ]