News
UK - Joseph Bergin joins NBGI Private Equity from Octopus
Joseph Bergin has joined NBGI Private Equity as director. He will be based in Manchester and will focus on the North of England. Bergin was formerly at Octopus Investments where he was director for their VCT funds. Previously he spent nine years at 3i...
UK - Glitnir strengthens loans syndication team
Glitnir has announced two new hires to strengthen its UK team. Fabritzia Capurro joins as an associate director and Amanda Loughlin as a senior analyst in the London-based Global Loans Syndication team.
DENMARK - Investcorp acquires Icopal for EUR 850m
Investcorp has signed an agreement to acquire Icopal, a manufacturer and provider of roofing products and installation services, for EUR 850m on a debt-free basis. Icopal will be acquired from a consortium comprising Axcel, Denmark's largest private equity...
SWEDEN - Industrifonden invests SEK 9m in Accedo Broadband
Industrifonden, together with management and existing owners, have annouced that they will invest SEK 9m in Accedo Broadband, a distributor and developer of IPTV. The investment will be used to fuel product development and sales distribution in Europe,...
SWEDEN - CapMan, SEB Venture Capital and Aloe Private Equity acquires KMW Energi AB
CapMan, SEB Venture Capital and Aloe Private Equty have acquired 80% of KMW Energi's shares. KMW is a biofuel company based in Norrtälje. The 80% ownership will be split eaqually between the investors, and the current owners will hold the remaining 20%...
UK – Pi Capital pumps £4m into Applied Kilovolts
Small UK buyout specialist Pi Capital has provided £3.93m to Applied Kilovolts to allow the power supplier to acquire Brandenburg, a rival. The deal, which effectively doubles the size of Applied Kilovolts, also sees the firm buy out the minority stake...
NORWAY - HTV, Input/Output and Reservoir form joint venture
Hydro Technology Ventures (HTV) has formed a joint venture with Input/Output (I/O) and Resevoir Innovation, to deploy, pilot test and commercialise a full-wave seismic system for permanent monitoring of offshore reservoirs.
SWEDEN - 3i and Litorina make 9x on divestment of Q-Matic to Altor
3i, Litorina Kapital and the founding family has agreed to sell their shares in Q-matic, a queue management and customer flow management solution company, to Altor. The investors make a 9x money multiple on the exit.
FRANCE - Marathon sale attracts De Agostini and Apax
In the sale of television producer Marathon, vendor Bridgepoint has received firm offers from De Agostini and Apax Partners, according to reports in the French press.
EUROPE - Schühsler replaces Loizaga as EVCA chairman
TVM Capital's managing partner Helmut Schühsler was officially elected as EVCA chairman for the period June 2007 to June 2008.
UK- Stirling Square-backed 3SI acquires ECA
3SI Security Systems [3SI], a manufacturer of electronic security systems for cash protection backed by Stirling Square Capital Partners, has completed a deal to acquire ECA Horst Kriechbaum (ECA).
FRANCE - Astorg backs secondary buyout of Webhelp
Astorg Partners is set to acquire a majority stake in CRM specialist Webhelp. Vendor Barclays Private Equity will retain a minority interest in the business, while management is increasing its stake.
EUROPE - EVCA defiant on difficult day for private equity
The mood at the EVCA Symposium held in Rome today was defiant. On the day that the BVCA CEO stepped down the voices on this side of the Channel were clear: "Politicians should be careful what they wish for," warned Philippe Costeletos from Texas Pacific...
EUROPE - EVCA to change its set-up
The European Private Equity and Venture Capital Association (EVCA) today announced at its annual conference in Rome that it is to become an umbrella for three independent groups dealing with large buy-out houses, mid-market buy-out companies and venture...
UK - BVCA’s CEO steps down
Following the poor performance of the British Private Equity and Venture Capital Association (BVCA), executives on Tuesday at the cross-party Treasury select committee’s inquiry, Peter Linthwaite, the BVCA’s beleaguered chief executive, has stepped...
UK - Balderton Capital wholly aquires Codemasters
Balderton Capital, formerly known as Benchmark Capital Europe, has acquired the remaining stake held by the founders of Codemasters, an independent videogame developer and publisher.
UK - LDC expands its London team
Andy Kilborn, who spent ten years with KPMG advising on mid-market transactions, joins as investment manager and Alex Bowden, previously based at LDC’s Reading office, joins as investment director. They bolster the now eight-strong London team led by...
UK - IMAC makes a further £3m investment in Digital Rights Group
Ingenious Media Active Capital Limited (IMAC) has made a further £3m investment in Digital Rights Group Limited (DRG). In December 2006, IMAC made an initial investment of £3m in the company.
AUSTRIA - New appointment at Gamma Capital Partners
Investment manager Horst Gaisbauer has joined Gamma Capital Partners as a senior associate. He will be responsible for the management of special projects as well as business development. Previously, Gaisbauer worked as a project manager for the Mergers...
SWEDEN - Industrifonden recruits two new investment managers
Industrifonden has hired two new investment managers. Stefan Jakelius, formerly head of seed financing at the Energy Agency, who will invest in cleantech ventures. Tore Tolke, formerly investment manager at Småföretagsinvest, who will work in expansion...
UK - LDC invests a further £15million in Commercial First
Mid-market private equity firm LDC has increased its stake in specialist commercial mortgage lender Commercial First. The transaction follows LDC’s initial investment in August 2006, taking its total investment to £42million.
FRANCE - IPO spins-off Ceradel
IPO, the listed subsidiary of CM-CIC, has piloted the carve-out of ceramic and glass art equipment provider Ceradel from parent company Imerys.
BELGIUM - Transics IPO more than 10x oversubscribed
Carlyle-backed Transics, a provider of on-board computers and fleet management solutions for the transport and logistics sector, has offered 2,628,571 shares on Eurolist by Euronext Brussels, priced at €17.50 per share.
UK - MMC invests £2m in online lead-generation business
MMC Ventures has made an equity investment of £2 million in Clash-Media, an online lead generation business based in London.