News
UK - Aberdeen backs the £6m BIMBO of MSIS
Aberdeen Asset Managers Growth Capital has backed the BIMBO of industrial cleaning company MS Industrial Services Ltd. Aberdeen has invested ТЃ2.5m as part of the ТЃ6m deal. Aberdeen intends to grow the company from an industrial cleaning and waste disposal...
UK - Matrix sells Maven to Munro Global
Matrix has realised its investment in market research agency Maven through a sale of the business to Munro Global. The value of the deal was not disclosed, although Matrix reported that it was "a very satisfactory and profitable exit".
GERMANY - Springwater Capital exits M+W Zander Group
Springwater Capital has fully exited its 72.89% stake in Stuttgart-based technology group M+W Zander to AIM-listed hedge funds group Absolute Capital Management Holdings Ltd (ACM). The transaction had been carried out in two phases. In February 2007,...
GERMANY - Versatel to float tomorrow
Apax Partners is listing its portfolio company Versatel AG on the Frankfurt Prime Standard on Friday 27 April. The company is issuing up to 28.577 million shares with a subscription price set at EUR 29-36 per share. The IPO is expected to generate up...
FRANCE - AXA PE acquires SYNERLAB
AXA Private Equity has acquired SYNERLAB Group, a French pharmaceutical sub-contractor. SYNERLAB manufactures and packages dry drugs and liquid drugs to customer requirements. SYNERLAB has 520 staff and recorded revenues in 2006 of approximately EUR...
NL - DocMorris sold to Celesio
3i, HgCapital and Neuhaus Partners have fully exited their stakes in mail order pharmacy to Celesio AG. The transaction value has not been disclosed. The management team will remain invested in the company holding an approximate 10% stake.
UK - 3i sees 3x return from Smart & Cook exit
3i has sold its stake in commercial brokers Smart & Cook via a sale of the company to AXA UK Plc. The deal has generated 3x returns for the investor which backed the company in a ТЃ57m buyout in 2004.
UK - Risk Capital Partners makes invesment in listed Public Recruitment Group
Risk Capital Partners has invested ТЃ5m for a 28% stake in AIM-listed Public Recruitment Group Plc (PRG). PRG is a leading public sector staffing and services provider, with a special focus on the Education and Social Work sectors.
UK - Bryan Garnier strengthens corporate finance division in London
Bryan, Garnier & Co has strengthened its corporate finance operation in the UK with the move of Bruno Tourne, head of the firm's technology group, to London. Tourne is planning several new hires to bring even more local market knowledge to the firm.
UK - 3i and Doughty Hanson provide Garlik with £6m series-B funding
Online identity experts Garlik have secured ТЃ6m in series-B funding from 3i and Doughty Hanson. This equity injection builds on an initial ТЃ3m investment from the two firms in January 2006, bringing the total raised to date to just over ТЃ9m. It follows...
UK - Dundas & Wilson promotes Nadim Meer to partner
Dundas & Wilson has announced the promotion of private equity specialist Nadim Meer to partner. Meer is a corporate lawyer who also advises on M&A deals. Meer, who recently advised on the secondary buyout of ADP Dental Company will focus on developing...
FRANCE - Industri Kapital to sell Ceva Santé to management-led syndicate
Industri Kapital (IK) will generate an IRR of 40% on the sale of veterinary pharmaceutical laboratory Ceva Santé Animale to a syndicate led by management and including Euromezzanine and Natexis Private Equity.
US/UK - SEP leads $17m investment in Heartscape Technologies
Scottish Equity Partners has led a $17m investment in healthcare pioneer Heartscape Technologies, which has launched an innovative device for the early and accurate diagnosis of heart attacks in patients in casualty. SEP led second round funding as part...
UK - KKR secures Boots in Europe's largest ever buyout worth £12.2bn
KKR has won the takeover battle for Alliance Boots. The ТЃ11.39 per share offer gives Boots an enterprise value of ТЃ12.2bn and was enough to see off a rival bid by a consortium led by Terra Firma.
UK - MSIF provides blood testing technology company with £100,000 investment
Merseyside Special Investment Fund has backed PalindromX, a blood testing technology company, with ТЃ100,000 of seed funding through its Liverpool Seed Fund. PalindromX is a spinout from the University of Liverpool. It has developed a patented technology...
GERMANY - evidanza receives EUR 2.4m financing
In a second round of financing a consortium consisting of BayBG Bayerische Beteiligungsgesellschaft, S-Refit and KfW have invested EUR 2.4m in software developer evidanza GmbH. BayBG provided part of the funding in form of a 'stille Beteiligung'.
BALTICS - GILD Bankers is joined by a new partner Mr. Kimmo Irpola
GILD Bankers has appointed a new partner - Kimmo Irpola, who has extensive experience in private equity investment management in Finland, Germany and also in Central and Eastern Europe. At GILD Bankers Irpola joins the Investment Management team, where...
UK - Exponent reaches second round of bidding for Trinity Mirror's Midlands titles
Exponent Private Equity is one of three private equity bidders known to have reached the second round of an auction for Trinity Mirror's newspaper titles in the Midlands. The Birmingham Post and Coventry Evening Telegraph are amongst those being sold...
SPAIN - Minerva leads acquisition of inductive components player
Premo Group, a company active in the development, manufacture and sale of products and solutions in the inductive component business, was wholly acquired by Minerva Capital alongside a group of institutional investors and management. Spanish press reports...
UK - Mezzanine Management acquires minority stake in Regard from Bowmark
Bowmark Capital has sold Regard, a UK residential care provider for people with learning difficulties. The exit yielded returns of 3.4x and an IRR of 77%. Mezzanine Management has invested ТЃ18m in the newco to take a minority stake in a deal which is...
UK - Aberdeen exits ABZ Group returning 3x money
Aberdeen Asset Managers Growth Capital has sold its interest in air conditioning company ABZ Group to Sovereign Oilfield Group Plc for ТЃ6m. The deal has generated returns of 3x its money for Aberdeen and an IRR of over 80%. Aberdeen invested ТЃ550,000...
NL - Gilde to acquire Bakkersland Banket
Gilde Equity Management Benelux looks set to acquire Bakkersland Banket BV, a confectioner, from Bakkersland Groep BV. Bakkersland Banket provides pastry products for the Dutch food retail and foodservice markets, as well as for the exportmarket and is...
UK - NorthStar Equity leads £2m investment in Femeda
NorthStar Equity Investors with Stargate Capital Management and Acceleris Corporate Ventures have led a ТЃ2m investment to Femeda, a female health product company. Existing investor Enterprise Ventures is also taking part in the round, via the RisingStars...
UK - Advent to acquire Lloyds TSB Registrars
It is understood that Advent International is to acquire share registration company Lloyds TSB Registrars in a ТЃ550m deal. Advent is thought to have beaten competition from Australian company Link Market Services, backed by Bain Capital, and Doughty...