News
UK - Rutland portfolio company divests division
Rutland Partners portfolio company Wolstenholme Group Ltd is to sell the business and certain assets its metallic effect pigment and metallic printing ink business (the Metallics Business) to Eckart GmbH and Co KG for £22m. The sale is conditional on...
UK - Energy Ventures, HitecVision and Scottish Equity Partners sells MTEM to PGS makng 9x
HitecVision, Energy Ventures and Scotish Equity Partners have sold MTEM to PGS for USD 275m, making a 9x money multiple. 22% MTEM of the company was owned by the three investors, while 35% was owned by the University of Edinburgh. After the transaction...
UK - YFM invests £250,000 in Geonix
YFM has provided tracking technology company Geonix Tracking with £250,000 of funding via its South West Ventures Fund.
UK - Aberdeen commits £8.85m to oil and environmental services business
Aberdeen Asset Managers Private Equity has invested £8.85m of expansion capital in oil and environmental services provider Adler and Allan Ltd. Aberdeen takes a minority stake in the business.
UK - Boots deal one step closer to completion
The first delisting of a FTSE 100 company is one step closer to completion today after the trustees of the Alliance Boots pension fund struck a deal with KKR. The £11.1bn buyout is on track to complete on 28th June 2007 with KKR pledging to inject £418m...
ITALY - Sicurglobal auction to finalise in July
Market sources speculate that the competitive process for security business Sicurglobal should end in the second week of July. It is understood that private equity firms Stirling Square Capital Partners, Cognetas, 21 Investimenti and Synergo - all owners...
ITALY - Alcedo and Unicredit exit MiniGears
Private equity firm Alcedo and Unicredit have sold manufacturer MiniGears SpA to sector player Carraro Group.
GERMANY - Halder exits BHS Getriebe GmbH
Halder has sold turbo gears manufacturer BHS Getriebe GmbH to Voith Turbo, a group division on Voith AG. The transaction value has not been disclosed. This divestment represents the fourth transaction published by Halder within the last six weeks, following...
AUSTRIA - Gamma Capital Partners expands team
Gamma Capital Partners has appointed Joachim H Wolff as venture partner. Wolff has a long track record in venture capital as well as a management consultant. Previously he has held positions at companies including T-Venture, AVC Venture Capital, Roland...
UK - unquote” London Private Equity Congress – next week
Join unquote” next Thursday to hear the BVCA and Brendan Barber, General Secretary of the TUC, debate the merits of private equity at the unquote” London Private Equity Congress. Luke Johnson of Risk Capital Partners and Channel 4 will start the day...
FRANCE - ERCP makes 40% IRR from sale of H3S Group
Edmond de Rothschild Capital Partners (ERCP) has sold its controlling stake in special-interest free publishing business H3S Group to S3G, a subsidiary of the Sud-Ouest Group.
GERMANY/SWEDEN - 3i-led consortium acquires Scandlines
A consortium led by 3i and Allianz Capital Partners has agreed to acquire Scandlines Group together with strategic partner, Deutsche Seereederei (DSR), from Deutsche Bahn AG, Danske Transport and Energiministeriet.
BALTIC - Otaris Eko Fonds invests EUR 300,000 in Livonia Print
JSC Eko Investors venture capital fund Otaris Eko Funds has acquired 35% of LLC Livonia Print for EUR 300,000. The investment will be used to establish the most modern book printing house in Latvia that will service customers in the Baltics, Scandinavia...
FINLAND - MB Funds sells Inspecta to 3i
MB Funds has sold its holding in Inspecta to 3i. MB Funds has held the majority of the shares in the company since 2002. Over the last five years Inspecta has grown its revenues from EUR 18m to EUR 106m. The number of employees has also grown from 256...
GERMANY - Barclays Private Equity sells TUJA for EUR 800m
Barclays Private Equity has sold temporary employment agency TUJA Group to Adecco for EUR 800m. The financial investor acquired TUJA in March 2006 from Odewald & Cie and pursued an aggressive expansion strategy, acquiring six companies within and outside...
NORWAY/SWITZERLAND - Northzone Ventures and TVM in EUR 10m round for ReVolt
Existing investors Northzone Ventures, Sinvent, Sofinnova Partners, TVM Capital, Verdane Capital and Viking Ventures have participated in a EUR 10m funding round for ReVolt Technology. The latest commitment brings total funding for ReVolt, a developer...
UK - E-Synergy appoints Sam Richardson as investment director
E-Synergy has appointed Sam Richardson as investment director to the team managing its £30m Sustainable Technology Fund. The Sustainable Technology Fund, launched earlier this year, is a £30m UK Limited Partnership Fund backed by a mix of institutional...
UK - Cinven beats CVC, Terra Firma and BC Partners to BUPA
Cinven has won the battle for BUPA's 26-strong hospital division. The deal weighed in at £1.44m. Cinven beat off competition from a number of other private equity players with sources citing both the price it was prepared to pay as well as its other...
UK - Cerberus acquires Focus for £225m
Cerberus has acquired struggling DIY chain Focus. Unable to reach a debt restructuring agreement with its creditors, Focus has been the subject of negotiation since earlier this year. The sale of the company to US hedge fund Cerberus represents an exit...
SWEDEN - Industrifonden leads consortium of investors in a $5.6m round in Movimento
Industrifonden has participated in a $5.6m funding round for Movimento, a desiger and manufacturer of tools for the automotive and transportation industry. Industrifonden itself has invested $2.8m in this round alongside a $2.8m commitment from existing...
UK - Bank of Ireland appoints Adrian Sainsbury as head of Global Specialised Finance
Bank of Ireland has appointed Adrian Sainsbury as Head of Global Specialised Finance. Sainsbury will be based in London and will have responsibility for the Bank’s specialised lending and UK corporate activities including asset based lending, media...
UK - Graphite sees 4.2x return on exit from Go Plant
Graphite has generated returns of 4.2x its investment in Go Plant through a sale of the business to Easternrange, a private investment vehicle. Go Plant operates a fleet of over 1,000 specialist vehicles including road sweepers, refuse vehicles and gully...
UK - RJD backs £50m BIMBO of TransLinc
RJD Partners has led a fundraising transaction worth £50m for the purchase of specialist fleet outsourcing business TransLinc. The deal structure is a buy-in management buy out. TransLinc was originally formed within Lincolnshire County Council. It became...
UK - Seraphim Capital provides Flirtomatic with £2m series-B round
Seraphim Capital has led a £2m series-B funding round for Handmade Mobile Entertainment Ltd, the company behind Flirtomatic, a cross-platform flirting service. Seraphim Capital is a government-backed Enterprise Capital Fund which closed its first fund...