News

NL - New partner at LSP

Dr Joep Muijrers has joined the Life Sciences Partners investment team as partner, operating from the Amsterdam office. Previously Muijrers was a director for corporate finance and capital markets at Fortis Merchant Banking, where he focused exclusively...

SPAIN - Applus+ up for sale (again)

CVC, Carlyle, Permira, Brigepoint, Apax Partners and Blackstone are reported to be preparing offers of around EUR 1.5bn for Applus+. The likeliest buyer, however, is Blackstone; rumour has it that the the US giant is set to launch a pre-emptive bid for...

UK - Carlyle swoops on BAE with submarine bid

As part of its efforts to acquire the refitting and refueling Devonport naval dockyard in Plymouth, Carlyle has proposed running the UK's submarine building programme at Devonport. This process currently takes place at BAE-owned Barrow-in-Furness.

CEE - Colin Hewett leaves Mid Europa

After eight years involvement with the Mid Europa team, Colin Hewett has stepped down from the investment and management committees of Mid Europa Partners. Although Hewett has decided to pursue other interests, he will continue as a consultant to the...

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GERMANY - Klöckner Pentaplast changes hands for EUR 1.3bn

Cinven and JP Morgan Partners have sold German manufacturer of rigid plastic films Klöckner Pentaplast to The Blackstone Group for EUR 1.3bn, representing an 8x multiple of pro-forma EBITDA. In 2001, Cinven and JPMorgan acquired Klöckner Pentaplast from...

GERMANY - NOXXON Pharma raises EUR 37m

NOXXON Pharma AG, a developer of mirror image oligonucleotide therapeutics, has closed a EUR 37m series-C financing round. The main investors are TVM Capital, Sofinnova Partners and Edmond de Rothschild Investment Partners. Other investors contributing...

BULGARIA - AIG acquires Bulgarian Telecommunications Company

AIG Global Investment Group has acquired a 65% stake in Bulgarian Telecommunications Company for EUR 1.08bn from Viva Ventures GmbH. The former state-owned telecommunications company is currently listed on the Bulgarian Stock Exchange and AIG acquired...

UK - Final furlong in chase for Racing Post

Exponent and Veronis Suhler Stevenson have tabled a joint bid for Racing Post a Trinity Mirror publication. NM Rothschild is running the auction process and has set a deadline of May 16 for offers to be received. Sheikh Mohammed bin Rashid al-Maktoum,...

UK - Beringea participates in £5.5m AIM placing

Beringea, the manager of the ProVen and ProVen Growth & Income VCTs, has invested in the ТЃ5.5m AIM placing by intellectual property exploitation specialists, Coolabi Plc. Beringea is one of the largest shareholders in the company.

FRANCE - Metabolic Explorer takes legal action over IP issues

Metabolic Explorer (ME) announced its intention to take legal action against Philippe Malière and Alain Gallochat of Holditech Heurisko in order to prevent them from continuing the ''campaign of disparagement'' they are currently undertaking with regard...

LUXEMBOURG - Mangrove invests in Jambaz

Mangrove Capital has reportedly provided seed-financing to Luxembourg-based Jambaz, a creator of a game widget that lets people predict the stock movement on a daily basis while offering cash prices to the most accurate calls. No further details have...

UK - Kelso Place acquires sub-prime mortgage broker TML

Kelso Place Asset Management has completed the acquisition of TML Financial Solutions, a subsidiary of Kensington Group Plc. The new independent company will trade under its previous name, The Mortgage Lender. The Mortgage Lender, a specialist sub-prime...

UK - Apollo to save troubled Focus DIY?

Apax and Duke Street Capital portfolio company Focus DIY is believed to be on the brink of a rescue deal with Apollo Management. The DIY retailer has struggled with its debt load for the last two years following worsening conditions in the home improvement...

UK - Marsh strengthens private equity team

Marsh has strengthened its private equity and M&A (PEMA) team with the appointment of David Pellegrino to the new role of business development leader for PEMA in Europe, the Middle East and Africa. Pellegrino has relocated to London from Marshтs New York...

UK - Enterprise Ventures appoints Julian Viggars

Enterprise Ventures has appointed Julian Viggars to manage its technology investment arm. Viggars, previously technology portfolio director at EV, will head up a team of four focused on early-stage technology investment in the Northern regions and oversee...

UK - ECI acquires CliniSys in £61m deal

ECI Partners has acquired healthcare IT company CliniSys for ТЃ61m plus an earn out of up to ТЃ2m from its founding shareholders, some of whom are re-investing in the business. Headquartered in Surrey and with operations in Belgium, The Netherlands, France,...

UK - Michael Joseph joins DE Shaw

Michael Joseph has joined DE Shaw, the US investment group, to head up its London-based investment team. Joseph was previously a senior director at Lloyds TSB and LDC.

UK - RBS backs £21m buyout of chemicals business Tocris

Royal Bank of Scotland has backed the ТЃ21m management buyout of speciality chemicals business Tocris Cookson Ltd from its founding shareholders. The deal sees RBS taking an equity stake in the newco having provided a combined equity and debt package....