News
FRANCE - Institutional LPs give advice on reporting
Ten fresh recommendations were issued this month by the French association of institutional investors (Af2i), in order to improve and standardise the reporting methods of private equity firms.
UK - August Equity exits InterMed in £27.5m sale to Altaris
August Equity has completed the sale of InterMed Holdings Ltd, a UK manufacturer of anaesthesia equipment, to Altaris Capital Partners for £27.5m. The purchaser is a New York-based private equity firm focused exclusively on the healthcare industry.
SWEDEN - EQT sells the remaining 15.9% shares in Symrise AG
EQT III has sold its remaining stake in Symrise AG. It used Deutsche Bank as placing agent.
UK - Alchemy in exit from ICS Triplex
Alchemy has agreed to sell portfolio company ICS Triplex to Rockwell European Holdings Ltd for £105m. The sale of the process control systems service company follows Alchemy's disposal of another part of the ICS business in 2005 when it sold Transmitton...
FRANCE - Cyclopharma raises EUR 8m
Clermont-Ferrand-based Cyclopharma has received EUR 8m from Sofimac, Crédit Agricole Private Equity, Société Générale Capital Partenaires, CHP laboratories, Tikehau Venture and a former Aventis director.
ITALY - Rainone promoted at PM&Partners; two managers take the backseat
Private equity firm PM&Partners has just appointed senior manager Riccardo Rainone as the firm's fourth partner.
UK - Rutland appoints Daniel Freed
Rutland Partners has announced that Daniel Freed has joined its investment team. Freed joins Rutland after spending three years at CIBC World Markets where he worked on European M&A transactions across a wide range of sectors prior to which he worked...
AUSTRIA - New Segment at Vienna Stock Exchange
The Vienna Stock Exchange has announced it is launching a mid-market segment, designed specifically for smaller companies with lower financing requirements, as of mid-June. The mid-market will have two special features: firstly, it will enable companies...
GERMANY - GEKA Brush changes hands
In a secondary transaction Halder, alongside management, has acquired GEKA Brush GmbH from Equita Management for an undisclosed amount.
UK - Ingenious Media Active Capital invests £5.34m in Two Way TV
Ingenious Media Active Capital Ltd (IMAC) has completed an investment of up to £5.34m to acquire Two Way Media Ltd (Two Way TV), a London-based interactive television production company. The transaction sees IMAC taking an 84.3% stake in the newco. This...
DENMARK - Carlyle leads consortium to create new city district in Copenhagen
The Carlyle Group and Hoffmann Ejendomme, a Danish property developer, are in the process of aquiring Copenhagen Wholesale Market (Grønttorvet København). The aim is build a new city district in in Copenhagen on the site where the market was previously...
UK - LDC acquires specialist marketing agency from Royal Bank Equity Finance
LDC has acquired specialist entertainment industry marketing agencies Picture Production Company (PPC). Buying in alongside its existing management team, LDC acquired the agency from Royal Bank Equity Finance and private shareholders, David Willing and...
SWEDEN - SVCA launches private equity ‘internships’ for politicians
In a move to counteract the bad press targeted at the private equity market recently, the Swedish Venture Capital Association (SVCA) has offered politicians an opportunity to gain first-hand experience in the industry. “It was a fantastic opportunity...
UK - Bank of Ireland appoints Christophe Tardy as director of leveraged syndicated finance
Bank of Ireland has appointed Christophe Tardy as director of Leveraged Syndicated Finance. Tardy will join Bank of Ireland in early July and will be based in London. Previously Tardy spent 15 years at Societe Generale becoming part of the European syndicated...
UK - LDC to open Scotland office
LDC is planning to establish a dedicated new business team in Scotland as part of its continued expansion. The new office, to be based in either Glasgow or Edinburgh, will be LDC's eleventh regional office bringing its total number of offices to 12 including...
UK - ISIS acquires medicine prescribing software company ScriptSwitch
ISIS Equity Partners has acquired ScriptSwitch, a medicine prescribing software company, in a £9.9m replacement capital transaction. ISIS invested £4.6m from its Baronsmead VCTs. This is ISIS's second deal in as many days following its buyout of the...
FRANCE - AXA Private Equity sells Larivière to SIG
AXA Private Equity has sold roofing products business Larivière to UK-based company SIG, for around EUR 300m.
UK - Fearghal Ó Ríordaín joins SEP from Accel
Scottish Equity Partners (SEP) has announced the appointment of Fearghal Ó Ríordaín, formerly of Accel Partners. Ó Ríordaín will operate from SEP’s London office. Prior to SEP, Ó Ríordaín spent five years at Accel Partners. He was a founding...
UK - ISIS backs buyout of Williams Medical Supplies
ISIS Equity Partners has backed the management buyout of medical products distributor Williams Medical Supplies. The buyout of the £47m-turnover company from its retiring founder was supported by debt provided by National Australia Bank.
GERMANY - Transnorm changes hands
EQUITA has acquired the 80% stake of NORD Holding in Harsum-based Transnorm group for an undisclosed amount. The shareholding of the company’s management remains unchanged.
ITALY - Private Equity Partners acquires stake in incentive travel business
Private Equity Partners is reported to have acquired a minority stake in Alessandro Rosso, a company active in the field of incentive travel and meeting organisation.
SWEDEN- Creandum, Teknoinvest and Grande Ventures invests $6m in Mitrionics
Mitrionics AB, software developer, has received $6m of funding from three investment firms: Grande Ventures, LLC, a United States-based firm and lead investor in this round, and Creandum and Teknoinvest. Creandum and Teknoinvest are both previous shareholders...
FINLAND - CapMan strengthens its advisor network
The former CEO of Stora Enso, Jukka Härmälä, has been invited to join CapMan’s Advisor Network as a senior advisor from June 2007. Härmälä retired from his position as CEO of Stora Enso at the end of March 2007, having held the post since 1998....
EUROPE - European venture performance takes off
The returns from European venture have never been better, with new performance figures now exceeding even the lofty heights seen in 2001. “The GPs left in this space are the cream that has risen to the top,” says Charles Irving at Pond Ventures. “It...