News
UK - HgCapital strengthens renewable energy team
HgCapital has stengthened its renewable energy team with the appointment of Jean Perarnaud and Jens Thomassen as associate directors and the promotion of Emma Tinker and Rob deLazlo.
UK - RBS to sell train leasing business
Royal Bank of Scotland has hired Lazard to consider options for Angel Trains, the train leasing business it acquired in 1997 for £408m. The news comes at a time when train leasing companies are being investigated by the Competition Commission. Should...
UK - SVG announces three new appointments to fund selection team
SVG Advisers, the fund management and advisery subsidiary of SVG Capital, has announced the appointment of Owen James, Michael Nugent and Michael Roth to its fund selection team.
GERMANY - JenaValve raises an additional EUR 10m
Paris-based Edmond de Rothschild Investment Partners has led a EUR 10m series A-2 financing round of JenaValve™ Technology.
SPAIN - Nazca acquires two advertising companies
Nazca Capital has acquired advertising companies Sistemas e Imagen Publicitaria, based in Barcelona, and Mundex, based in Madrid.
EUROPE - Deutsche unquote” Private Equity Congress & Awards – 11 October
unquote” is delighted to announce its second annual Deutsche unquote” Private Equity Congress & Awards on 11 October 2007, in Zurich. The Congress brings together industry experts to discuss how to stay ahead of the game in this dynamic region. Produced...
SWEDEN - Segulah divests Previa to Tryg i Danmark
Segulah II, L.P. has agreed to divest AB Previa, a Swedish occupational health service provider, to Tryg i Danmark smba. Tryg i Danmark smba invests in companies within the health care and security sector and is also the majority shareholder of the TrygVesta...
UK - Finance Wales invests £200,000 in cell preservation company
Finance Wales has invested £200,000 as part of a £400,000 first round of funding for Abcellute Ltd, a specialist developer of a new cell preservation platform technology which has spun out of Cardiff University.
UK - Primary Capital sees 2x return from Elisabeth the Chef exit
Primary Capital has sold cake manufacturer Elisabeth the Chef (EtC) to Senoble, a France-based manufacturer of dairy deserts. The value of the deal has not been disclosed although it is reported that Primary recouped 2x its investment.
FRANCE - Meridiam hires two senior investment directors
Meridiam Infrastructure, a subsidiary of Crédit Agricole Private Equity, specialising in public private partnership infrastructures, has announced the appointment of Thierry Dallard and Massimo Fiorentino as senior investment directors.
UK - BVCA appoints Simon Walker as new CEO
The BVCA has appointed Simon Walker as its new chief executive effective from 1 November 2007. Walker joins from Reuters Group, where he was senior adviser to the chairman and chief executive. His past roles have included adivising Her Majesty the Queen...
SPAIN - Chequers Capital leads MBO of ADP Travel Clearing
French buyout house Chequers Capital has acquired Travel Clearing de Automatic Data Processing from its parent company ADP alongside its management.
GLOBAL - Mubadala buys 7.5% Carlyle stake for $1.35bn
Mubadala Development Company has bought a 7.5% stake in The Carlyle Group for $1.35bn in cash. The deal represents a 10% liquidity discount to the $20bn firm valuation that was agreed by both parties. The minority investment includes no associated voting...
UK - Barclays Private Equity acquires Camden Corporate Fleet Services
Barclays Private Equity has backed the management buy-in/buyout of Camden Corporate Fleet Services Ltd. National Australia Bank provided debt to support the deal.
UK - Sainsbury's books open to Delta Two
Delta Two has been granted access to undertake due diligence on J Sainsbury Plc, the supermarket chain it has been courting since July. Delta Two, a vehicle backed by the Qatari Investment Authority, won over the board of Sainsburys after promising to...
UK - Simon Palley to leave BC Partners
Reports suggest that Simon Palley, managing partner of BC Partners in London is to leave the firm before the end of the year. BC Partners is understood to be due to start fundraising for its ninth European fund shortly. It is currently investing from...
ITALY - KKR exits FL Selenia SpA in EUR 1bn deal
Kohlberg Kravis Roberts and Co (KKR) has wholly exited its stake in Selenia SpA, a producer of lubricants and functional oils, in a trade sale to Malaysian petrolium company PETRONAS in a deal which values the company at around EUR 1bn.
SPAIN - Tirant invests in EUR 20m Filmax financing round
Barcelona-based Filmax Entertainment is reported to have closed a EUR 20m financing round.
FRANCE - Bryan, Garnier and Co appoint new healthcare director
Independant Investment Bank Bryan, Garnier and Co have announced the appointment of Catherine Trividic to their corporate finance division as director of the healthcare team.
UK - MSIF invests £300,000 in carbon monoxide testing company
The Liverpool Seed Fund, managed by the Merseyside Special Investment Fund (MSIF), has invested £300,000 of seed funding in Detectagas, a carbon monoxide testing company.
FRANCE - Crédit Agricole leads MBO of Sateco
Crédit Agricole Private Equity has led the leveraged management buyout of Sateco, a producer of metal structures and safety platforms for the construction industry, in association with FPG-LFPI, Pechel and Uni Expansion Ouest (UEO).
GERMANY – Cologne Media Ventures joins second round of funding for nugg.ad
nugg.ad has concluded an undisclosed second financing round from existing investors bmp, VC Fonds Berlin as well as new investor Cologne Media Ventures GmbH.
GERMANY – PharmaZell GmbH received debt financing
EQT Expansion Capital I LP has provided subordinated debt financing to facilitate the international growth and capacity expansion of PharmaZell GmbH, an Auctus Management portfolio company. Additionally, the debt provision allowed the swift execution...
GERMANY – Heliad acquires Jamba Service GmbH
Heliad Equity Partners, the listed-private equity investment company, has acquired a majority stake in specialist insurance broker Jamba Service GmbH.