News
EUROPE - NEXT WEEK Nordic unquote” Congress & Awards
Join unquote” next Tuesday evening in Stockholm for the second annual Nordic Private Equity Awards. The event brings together industry luminaries to celebrate innovation and accomplishment in the Nordic private equity market. Places are still available...
NETHERLANDS - AAC Capital wine portfolio company makes acquisition
AAC Capital Partners portfolio company Baarsma Wine Group Holding has acquired Italian wine brand Canei from Pernod Ricard. Winetracks International, a business unit of Baarsma, will manage the worldwide distribution and marketing of Canei from the beginning...
CEE - KBC Private Equity acquires Polish scooter distributor ZIPP
KBC Private Equity has acquired ZIPP, a Polish scooter distributor, from Kross, a bicycle producer. The financial details of the transaction were not disclosed. The acquisition represented KBC's first transaction in Poland.
UK - Morgan Stanley Private Equity appoints Michael Hehn
Michael Hehn is to join Morgan Stanley Private Equity from Allianz Capital. From December 2007, Hehn will be based at Morgan Stanley's London office.
BELGIUM - Waterland portfolio company Senior Living Group acquires Psychogeriatrisch Centrum
Waterland Private Equity portfolio company Senior Living Group (SLG) has acquired Psychogeriatrisch Centrum (PGC). The SLG portolio now has seventeen facilities and an authorised capacity of 2600 beds with the addition of four nursing homes following...
FRANCE - Initiative & Finance acquires 35% of Challenger
Initiative & Finance has backed the management buyout of Challenger, a company specialising in mentally stimulating toys for young children.
FRANCE - Access Capital Partners hires investment director
European fund-of-funds Access Capital Partners (ACP) has hired Frédéric Evain from Altium Capital Gestion as an investment director.
SPAIN - Espiga Capital buys minority stake in marketing business
Spanish mid-market house Espiga Capital has acquired a 33% stake in marketing business Grupo Pool, according to local press reports.
UK - Barclays Ventures backs BIMBO of Howorth Airtech
Barclays Ventures has backed the buy-in management buyout (BIMBO) of Howorth Airtech Ltd. Based in Bolton and employing nearly 100 people, Howorth provides ultra clean air solutions for the medical and pharmaceutical markets in the UK and overseas. The...
UK - ISIS generates 69.5% IRR from £15.7m Bolden sale
ISIS Equity Partners (ISIS) has wholly exited its stake in communications software provider Bolden James Holdings Ltd in a sale to QinetiQ Group Plc for a cash consideration of £15.7m, generating an IRR of 69.5% and a 3.11x return on its investment.
FRANCE - IPO completes three deals
Nantes-based listed investment vehicle IPO has completed two buyouts and one expansion deal.
FRANCE - Astorg acquires 52% of SCT Télécom
Astorg Partners has backed the buyout of telecommunication services company SCT Télécom.
FRANCE - Wendel recoups EUR 1bn+ from Bureau Veritas IPO
Wendel has recouped over EUR 1bn from the listing of inspection and certification business Bureau Veritas. The investor has sold down approximately one third of its shares in the company through the IPO, generating an IRR of 46% on its partial realisation.
UK - Balderton appoints technology entrepreneur as partner
Balderton Capital has announced the appointment of technology entrepreneur Roberto Bonanzinga as partner.
UK - 3i and Oak Hill-backed Telecity to float
3i and Oak Hill Investors are listing data centre operator Telecity Group on the main market of the London Stock Exchange. The IPO is pricing Telecity shares at 220p each, representing a market capitalisation of £436m. The flotation of Telecity follows...
UK - 3i leads $26m funding round in CamSemi
3i has led a $26m investment in fabless semiconductor company CamSemi.
UK - LDC appoints new partnerships director
LDC has appointed Edward Hayter to the specially created position of partnerships director.
UK - Phoenix takes stake in organic food delivery business
Phoenix Equity Partners has taken a minority stake in Abel & Cole, an organic food delivery business, in a deal thought to value the company at £35m.
SPAIN - Odeco acquires US-based company after recap
Quercus Equity-owned Odeco has acquired Addco, a Minessota-based company which specialises in the production of traffic control equipment.
UK - CIT hires new lead origination director
CIT Capital finance (UK) Ltd has announced the appointment of Toby Deane as lead origination director for the group's leveraged finance team.
GLOBAL - Carlyle and Apollo in $1bn joint venture
The Carlyle Group has joined forces with Apollo Group Inc to form Apollo Global Inc, a $1bn venture designed to make investments in the international education sector.
UK - London Seed Capital leads £600,000 investment in cancer innovators
London Seed Capital has led a £600,000 round of funding into Michelson Diagnostics Ltd, a manufacturer and developer of optical medical imaging equipment specifically designed for use during cancer operations.
UK - Michael Fallon MP says 'craven' industry has created its own problems
The following is an extract from an article written by Michael Fallon MP, Conservative MP for Sevenoaks, a member of the Treasury Select Committee and a director of both a private-equity backed company and a Plc. The full article will appear in the next...
FRANCE - Novalto raises EUR 1.3m from Turenne and Sopromec
Staff incentivisation business Novalto has received a third round of financing from Turenne Capital, Sopromec, and the company's chairman.