News
UK - DLJ Merchant Banking Partners and Morgan Crucible talks fall through
Talks between the private equity arm of Credit Suisse DLJ Merchant Banking Partners and 150 year old engineering firm Morgan Crucible about a delisting of the company have faltered.
UK - Credit Suisse Infrastructure Fund involved in bid for City Airport
It is expected that a consortium led by US insurer AIG and involving GE Capital and Credit Suisse's infrastructure fund has won the auction for City Airport. The deal is thought to value the airport which was acquired by Irish billionaire Dermot Desmond...
UK - Nikko Principal Investments exits Menzies Hotels Group Ltd
Nikko Principal Investments Ltd (NPIL), has sold the four star hotel chain, Menzies Hotels Group Ltd, to property investors aAIM and R20, for ТЃ180m. This exit combined with the sale of the Salcombe Hotel in the summer of this year, takes the total exit...
FRANCE - Faust Pharmaceuticals receives first tranche of its third round of funding
Strasbourg-based Faust Pharmaceuticals has received EUR 8.2m from its historical investors Sofinnova Partners, Auriga Partners, Siparex Ventures, Edmond de Rothschild Investment Partners, AGF Private Equity, CDC Entreprises and FCJE. This is the first...
PORTUGAL - PME Investimentos backs GADSA
Document management company GADSA – Arquivo e Deposito has received backing from PME Investimentos in a first round of funding worth EUR 750,000, 50% of which is equity and 50% debt. In return, the Lisbon–based private equity firm is taking a 37.5% stake...
GERMANY - TVM Capital exits TravelTainment to Amadeus
TVM Capital has exited its stake in TravelTainment, Aachen, to Amadeus, a global provider of travel and tourism solutions. TVM has backed the company since 2000, when it invested in a series-A financing alongside SWAN Private Equity and tbg. Amadeus was...
ITALY - Strategia Italia invests in Microcinema
Audiovisual distributor Microcinema Srl received EUR 1.2m of funding from a consortium led by Strategia Italia. The Turin-based company will seek to introduce digital cinema to the Italian market. Microcinema plans to distribute audiovisual contents,...
FRANCE - EdRIP and Initiative & Finance back MBI of medical supplier
Edmond de Rothschild Investment Partners (EdRIP) and Initiative & Finance (I&F) have backed the management buy-in of Laboratoires Filorga. EdRIP provided 60% of the equity, while I&F contributed 40%. The two sponsors took a majority stake, whilst the...
UK - YFM invests £250,000 in International School for Security and Explosives Education
The International School for Security and Explosives Education (ISSEE), a company which provides counter-terrorism training to businesses and organisations across the world has secured ТЃ250,000 from the South West Ventures Fund, run by YFM.
SWITZERLAND - Partners Group Secondary holds final close on EUR 1bn
Swiss-based alternative asset manager Partners Group has held a final close for its Partners Group Secondary Fund at EUR 1bn. Partners Group Secondary 2006 will make secondary investments in the US, Europe and Asia.
GERMANY - HBM BioVentures/ BioCapital leads series-C mtm investment
A consortium of investors has led a series-C financing of mtm laboratories. The round will enable the company to fund the clinical development and commercialisation of its proprietary diagnostic and screening devices in the field of cervical cancer. mtm...
BULGARIA - DLA Piper opens Sofia office
DLA Piper has announced the opening of a new office in Sofia to strengthen the presence of its 11 other offices in Central and Eastern Europe and the Commonwealth Independent States. The Sofia office will initially advise clients with a team of seven...
UK - Octopus leads MBO of Audio Visual Machines
Octopus has undetaken the management buyout of Audio Visual Machines (AVM) from Parkmead Group Plc. Octopus financed the deal and will hold a minority equity share in the business.
UK - Cinven offer for listed Pizza Express and ASK
Cinven has submitted its official offer for Gondola Holdings Plc, the name behind the Pizza Express and ASK restaurant chains through its acquisition vehicle Paternoster Acquisitions Ltd. The 415p per share offer values the share capital of Gondola at...
UK - InforSense receives £5.3m funding led by FF&P Private Equity
InforSense Ltd, a leading provider of software to the life sciences, financial services and other industries has received a ТЃ5.3m investment led by Fleming Family and Partners Private Equity (FF&P). Imperial Innovations provided ТЃ1.6m of the total funding...
UK - ECI Partners invests £12m in M2 Digital
ECI Partners has invested ТЃ12m in M2 Digital, a fast-growing support services provider providing clients with innovative solutions for their document printing, copying and scanning requirements.
GERMANY - Waterland Private Equity strengthens senior investment team
Waterland Private Equity has appointed Jörg Dreisow and David Zimmer to its senior investment team. The two men join as investment director and senior investment director respectively.
FRANCE - Photonic decontamination business receives EUR 1.2m
Emertec Energie Environnement, Expansinvest, Banque Populaire Création and SCR Provence et Corse have invested a total of EUR 1.2m in the first round of institutional funding in Claranor. Following the deal, the management retains a slight majority stake....
BELGIUM - KU Leuven and EIF create Centre for Drug Design and Discovery
The Catholic University of Leuven (KU Leuven) and the European Investment Fund (EIF) have entered a partnership agreement to create a Centre for Drug Design and Discovery (CD3). Both KU Leuven and EIF will invest a total amount of EUR 8m for the first...
ITALY - Consilium moves to new office
Consilium, the private equity firm of Antonio Glorioso, has recently moved to new premises. The contact details are: Consilium SGR pA Via Sacchi, 7 20121 Milan Italy Tel. +39 02 7260191 Fax. +39 02 72095768
UK - Daniel Mytnik joins Palamon Capital Partners
Daniel Mytnik has joined Palamon Capital Partners in London. Previously, he worked at Altium, the mid-market investment bank and Morgan Stanley Private Equity.
PORTUGAL - Espirito Santo Capital and GED Private Equity acquire CHCH
Grupo Azkoyen, a manufacturer of coffee vending machines, has sold the coffee distribution activities of its branch in Portugal, the Company of Hostelería and Consumo Hispanolusa (CHCH), for EUR 8.5m to Espirito Santo Capital and GED Private Equity. ...
FRANCE - Weinberg Capital Partners invests in Alliance Industrie
Weinberg Capital Partners (WCP) has invested in Alliance Industrie, a distributor of spare parts and provider of services for the automobile and trucking industries in France and the UK.
DENMARK - Benson Elliot buys Copenhagen property with Sjælsø Gruppen
Benson Elliot Capital Management, a private equity real estate company, has acquired a 50% interest in P/S Havneholmen alongside Danish quoted real estate developer Sjælsø Gruppen A/S. The joint venture has been established to complete the development...