News
UK - Members of Technology Strategy Board announced
The eleven board members who will sit on the new Technology Strategy Board have been announced. The Technology Strategy Board, currently a DTI advisory body, will become operational as an executive non-departmental public body from 1 July 2007. The newly-appointed...
FRANCE - Alyotech receives backing from Iris and CDC Entreprises
Iris Capital and CDC Entreprises have committed up to EUR 10m for technology consultancy group Alyotech.
NL - Candover expected to make EUR 1.5bn cash offer for Stork
Candover has expressed its intention to make a EUR 1.5bn public offer for all the shares of Dutch industrial conglomerate Stork. London Acquisition B.V., a holding company controlled by Candover funds, and Stork issued a joint press release, which states...
UK - Rutland expands team with appointment of Liam Camburn
Rutland Partners has appointed Liam Camburn to its investment team. Camburn qualified as a chartered accountant with Arthur Andersen following which he joined their private equity transaction services team. This team ultimately transferred into KPMG.
FRANCE - Chausson Finance appoints Galileo's Christophe Viet as Partner
Venture corporate financier Chausson Finance has appointed former venture capital investment professional Christophe Viet as partner.
UK - Moulton to feature in next Treasury Select Committee
The concluding part of this summer's Treasury Select Committee trilogy is to feature Jon Moulton. He will appear alongside Peter Taylor of Duke Street Capital, a representative from CVC and Blackstone's David Blitzer before the group of MPs next Tuesday....
CEE - Mid Europa Partners completes first ever leveraged buyout in Serbia
Mid Europa Partners has acquired a controlling stake in Serbia Broadband (SBB) from SEEF I fund, managed by Bedminster Capital Management. The deal represented the first leveraged buyout in Serbia.
SPAIN - Banesto Enisa Sepi Desarrollo invests in Global Events ID
Madrid-based private equity firm Banesto Enisa Sepi Desarrollo has acquired 25% of event organiser Global Events ID Corporation.
UK - Dunedin backs £16m MBO of Fernau Avionics
Dunedin has backed the £16m management buyout of navigational equipment manufacturer Fernau Avionics from Canadian-based Glendale International Corp. Dunedin invested £8m in return for a majority stake in the newco.
UK - 3i set to profit further from NCP Services exit
Three months after selling the car park arm of NCP, 3i is to see further realisations from the divestment of NCP Services. Macquarie Infrastructure acquired NCP Car Parks in March 2007 in a £790m transaction generating returns of 3x for 3i. 3i is now...
SWITZERLAND - Capvis exits ETAVIS
Capvis has sold the ETAVIS Group to the French Vinci Group for an undisclosed amount. The strategic buyer is acquiring a 95% stake in ETAVIS, while the management retains a 5% holding.
UK - Exponent portfolio company Trainline makes £18.7m acquisition
Exponent Private Equity portfolio company Trainline, an online retailer of train tickets, has acquired Advanced Smartcard Technologies Plc (AST). The public-to-private deal values the share capital of AST at £18.7m. AST was founded in 2000 and listed...
NL - Alta Partners leads EUR 15m round for biotechnology company
Alta Partners has led a EUR 15m funding round for Groningen-based Kiadis Pharma B.V. Existing investors also participated in the deal, amongst those was Esprit Capital Partners, investing a further EUR 0.5m from the Esprit-run Prelude Trust Plc.
SWITZERLAND - Advent appoints Rudi Pauwels to life sciences team
Advent Venture Partners has appointed Rudi Pauwels as venture partners in its life sciences team. Pauwels will work with Advent Ventures’ portfolio companies to help maximise their potential and with the Investment Team to source, assess and manage...
BULGARIA - GED acquires FAMA
Spanish private equity management company GED has acquired Bulgarian dairy company FAMA. The transaction value has not been disclosed. GED has is to incorporate a new management team including Julio Muñoz, the former general manager of the Spanish dairy...
NORWAY - Cubera acquires Swedish tail end fund
Cubera Private Equity has acquired seven portfolio companies from the Swedish private equity fund Servisen private equity fund II.
FRANCE - Lovells poaches Eversheds partner
Law firm Lovells has recruited Pascal de Moidrey for its Paris private equity practice.
FRANCE - Bluekiwi Software receives EUR 4m from Sofinnova Partners
Sofinnova Partners has invested EUR 4m in Blukiwi Software, a developer of collaborative software solutions for corporate environments.
SWEDEN - 7 out of 10 Swedish venture capitalists seek to invest in clean-tech
According to a new study by the Swedish venture capital association (SVCA), 7 out of 10 Swedish venture capitalists seek to invest in clean-tech as investors and regard this sector to have the greatest potential. Clean-tech has attracted 6% of committed...
UK - unquote" responds to critics
A random few private practitioners, labelled a ‘rogues gallery,’ was paraded at the Glastonbury music festival in the UK this weekend, as the unions continued their assault on the industry. Proving that the unions, whatever their protestations to...
UK - CVC and Permira AA to merge with Charterhouse's Saga
CVC and Permira car breakdown portfolio company the AA is to merge with Saga, the specialist financial and travel service provider to over-50s, backed by Charterhouse. The deal will create a £6.15bn service provider giant. The merger comes as a shock...
UK - Ashley Brady joins Close Brothers Growth Capital from 3i
Close Brothers Growth Capital, the one-stop shop providing equity and debt funding to mid-market companies, has strengthened its investment team with the appointment of Ashley Brady as associate director.
GERMANY - BayBG backs Via Optronics
BayBG has invested EUR 500,000 in LCD display manufacturer VIA Optronics. Part of the amount invested is carried out in the form of a 'stille Beteiligung'. The funding will be used to expand the company's production facilities and grow internationally.
UK - Oxford Capital Partners provides waste-to-energy project with £2.5m
Oxford Capital Partners has provided Inetec Ltd with a follow-on funding round worth £2.5m. Inetec is a developer of waste-to-renewable-energy projects in the industrial food manufacturing sector. Existing investors Finance Wales and other new investors...