News
FRANCE - Diatos raises further EUR 9.4m
Biopharmaceutical company Diatos has received additional funding from its syndicate of existing investors.
FRANCE - Mezzanis hires two associates
Camille Delibes and Jean-Philippe Carvaillo have joined Mezzanis, Crédit Agricole Private Equity's mezzanine structure, as associates.
FRANCE - DeAgostini wins exclusivity for Marathon secondary buyout
Italian-listed holding DeAgostini has been granted a period of exclusivity for the acquisition of television production company Marathon, according to French press reports.
SWEDEN - OxThera receives SEK 150m in new share issues
A consortium of investors has invested SEK 150m in OxThera AB, a Swedish pharmaceutical compnay. The previous investors HealthCap, Scandinavian Life Science Venture and Q-Med AB, were joined by Industrifonden and other private investors in the new share...
US/UK - Campbell Lutyens appoints Davidsson as partner
Placement agent Campbell Lutyens has promoted Christoffer Davidsson to a partner at the firm. Davidsson, who runs the firm’s New York office, joined in 2001 bringing with him experience gained at ING Barings and WR Hambrecht.
ITALY - Cape Live Investment fund to float on 19 July
Cape Listed Investment Vehicle in Equity (Cape Live) is to list up to 40 million shares as part of a capital increase on the Milan Stock Exchange. Trading is expected to start on 19 July, at an issue price of EUR 1.05 per share. From 2 July to 13 July...
GERMANY - BVK announces PR initiative
A collection of private equity heavyweights, alongside the BVK, have announced an initiative designed to explain the benefits of private equity to a wider stakeholder base. The Large Buyout Group will commission indepedent reports on the economic impact...
UK - Jaguar and Land Rover in private equity sights
A number of private equity firms, including Cerberus Capital Management, Ripplewood Holdings and One Equity Partners have received financial data on Ford's luxury UK brands Jaguar and Land Rover. Ford hired KPMG at the end of June to prepare the books...
FRANCE - ABN Amro acquires Findis
ABN Amro Capital France has backed the buyout of household appliances distributor Findis, in a deal valuing the business at between EUR 40-50m.
UK - Lloyds TSB appoints David Whiteley as head of leveraged syndications
Lloyds TSB Corporate Markets has appointed David Whiteley as managing director and head of its newly formed leveraged loan syndication team. Whiteley has joined from Royal Bank of Scotland where he was a managing director in the capital markets syndications...
UK - Esprit Capital Partners appoints Cédric Latessa
Esprit Capital Partners has appointed Cédric Latessa as investment manager. Latessa was previously an associate at BIP Investment Partners in Luxembourg. At BIP, he was responsible for identifying, evaluating and appraising potential investments in TMT...
UK - YFM-run South West Ventures Fund provides Mirifice with £250,000
YFM-managed South West Ventures Fund has provided digital TV monitoring company Mirifice Ltd with £250,000 of funding. Mirifice has developed MirimonTM, a monitoring solution for Digital TV networks. The investment will be used to support the marketing...
NORWAY - Ferd completes largest ever buyout by a Norwegian-based private equity fund
Ferd Private Equity Fund II has led the group of investors that has acquired oil service company Aibel Ltd for $900m from Candover, 3i and J P Morgan Partners LLC private equity funds. The transaction marks the largest ever buy-out by a Norwegian-based...
GERMANY - Takko changes hands for EUR 770m
Advent International has acquired a majority stake in German fashion discount chain Takko from Permira for a total consideration of EUR 770m. Takko’s management team, which also invested, will hold a minority stake. In 2000, Permira, then Schroder Ventures,...
GERMANY - capiton acquires Lahmeyer International
capiton has acquired independent consulting engineering company Lahmeyer International GmbH for an undisclosed amount. The management of the company also invested and will hold a minority stake in the company. Deutsche Bank backed the transaction with...
GLOBAL - GE chairman keeps the pressure on private equity
In comments to the UK press, Jeffrey Immelt, the chairman of GE, has added his voice to the sceptical chorus surrounding private equity in recent months. His argument is based on a critique of the industry that sounded like the idiots guide to a buyout...
UK - YFM sees 8.5x return on IPO of Pressure Technologies on AIM
Three YFM-managed funds have seen stunning returns from the flotation of Pressure Technologies on AIM. YFM Venture Finance returns 8.5x its money, while South Yorkshire Investment Fund and Yorkshire and Humber Equity Fund have seen an IRR of 125% from...
UK - Imperial Innovations backs solar power company with £1.35m
Imperial Innovations has participated in a £1.35m funding round for solar power technology company QuantaSol Ltd. The round also included investments from Low Carbon Accelerator, NetScientific Ltd and Numis Corporation Plc.
UK - Exponent and BPE expected to acquire Midland newspaper titles
Exponent Private Equity and Barclays Private Equity are believed to have teamed up to back the management buyout of a collection of Midland newspaper titles. The deal has an estimated price tag of £190m. Titles including the Birmingham Post and Coventry...
GLOBAL - $48.5bn deal for BCE the largest ever
The investment arm of the Ontario Teachers' Pension Plan, Teachers Private Capital, has joined forces with Providence Equity Partners and Madison Dearborn Partners to acquire BCE, Canada's largest telecom group. The $48.5bn price-tag will make it the...
UK - Bain Capital acquires Brakes for £1.3bn
Bain Capital has backed the secondary buyout of food service distributor Brakes from Clayton, Dublier & Rice. The deal is reported to have weighed in at £1.3bn. JP Morgan and Deutsche Bank ran a process to dispose of the business which attracted interest...
SWEDEN - Moberg Derma raises SEK 27.7m for clinical trial
Moberg Derma AB, a Swedish pharmaceutical company, has raised SEK 27.7m to fund clinical phase II trial for a Novel treatment of nail fungus. The Baltic Sea Foundation (Östersjöstiftelsen) was the lead investor. Other institutional and private investors,...
FINLAND - ABN AMRO Capital sells Iittala Group for EUR 235m
ABN AMRO Capital has sold Iittala Group Plc, a homeware company that offers a wide range of Scandinavian design-products, to Fiskars Corporation for EUR 235m.
SPAIN/FRANCE - CVC calls on cov-lite debt ahead of Altadis bid
CVC Capital Partners has reportedly secured EUR 12.8m in covenant-light debt to support its bid to acquire Franco-Spanish tobacco business Altadis, according to press reports.