News
FINLAND - Sponsor sells sauna manufacturer to ABN AMRO
ABN AMRO Capital has agreed to acquire Saunatec Group Oy from Sponsor Capital Oy. The transaction is expected to complete by the end of October.
DENMARK - CapMan exits RGS 90
CapMan funds have sold their stake in Danish RGS 90 A/S to DSV Miljø A/S. RGS 90 provides various recycling and soil treatment services.
SPAIN - Riva y Garcia backs third financing round in Southwing
Via its vehicles Invercat Exterior FCR and Spinnaker Invest SCR, Riva y Garcia Private Equity has taken the lead in a EUR 5m third financing round in Southwing SL.
SWEDEN - Nordic Capital and Apax increase offer for Capio
Opica, a company jointly owned by Apax Europe VI, Nordic Capital Fund VI and Apax France, has increased the offer price for Capio to SEK 17bn. The increased offer, from SEK 153 to SEK 167 per share, is unanimously recommended by the board of directors...
ITALY - Fondo Nord Ovest Impresa invests in RGM
The fund Nord Ovest Impresa, managed by SanPaolo Fondi Chiusi SGR, completed its first investment in RGM, a company focused on the design and manufacture of power supplies.
UK - Close Venture Management changes name to Close Ventures
Close Ventures, one of the UKтs leading venture capital providers is pleased to announce a new name, new website and new home.
UK - Northgate next private equity target
Shares at Northgate Information Solutions, a specialist software and IT services group, have risen over the last few months and are now approaching 100p per share on the back of rumours that the company will be delisted by private equity.
UK - Candover appoints Clive Dolman and Alexis Dormandy as Operations Partners
Candover has announced that it has appointed Clive Dolman and Alexis Dormandy, both of whom join as operations partners. The role of operations partner is a new position at Candover, and will involve focusing on value creation in Candoverтs portfolio...
FRANCE - Neocase raises EUR 5.2m from Iris-led syndicate
Customer service software developer Neocase has raised a further EUR 5.2m in its third round of funding. The investment was provided by Iris Capital, Caisse des Depots et Consignations (CDC), and US IT services company Supporter Group.
FRANCE - CAPE nominates Lecointe as General Secretary
Credit Agricole Private Equity (CAPE) has announced the nomination of François Lecointe as General Secretary.
FRANCE - CIC LBO Partners backs secondary buyout of Snacks International
CIC LBO Partners, Crédit Mutuel's EUR 135m LBO fund, has backed the secondary buyout of Snacks International, alongside IPO, Unigrains and the company's management.
ITALY - BS Private Equity relocates to new offices
BS Private Equity and BS Investimenti SGR have announced their relocation to new offices in Milan. The contact details are: BS Private Equity BS Investimenti SGR Spa Via dell’Orso, 8 I - 20121 Milan tel: +39 02 762113.1 fax: +39 02 762113.40
NETHERLANDS - ABN AMRO Capital Life Sciences invests in Amsterdam Molecular Therapeutics
ABN AMRO Capital Life Sciences (AAC LS) has announced that it has led a EUR 22m series-A financing of Amsterdam Molecular Therapeutics BV (AMT). The syndicate was completed by Advent Venture Partners, Gilde Investment Management and Crédit Agricole Private...
UK - Foresight funds millionaire games creator Zoo Digital
Foresight Venture Partners has led a ТЃ4.2m fundraising for Zoo Digital Group Plc, the AIM listed video technology company. Zoo's technology has powered the rise of interactive DVDs, including a new type of computer game that can be played on any DVD...
UK - Refinancing of Saga paves way for IPO
Saga, the provider of services to older consumers, has been refinanced allowing its backers, Charterhouse, to repay all the company's debt and acquire new debt on more attractive terms. The refinancing is reported to have saved ТЃ32m on interest. It is...
UK - Hastings Infrastructure Fund in £665m secondary buyout of South East Water
Hastings Fund Management, an infrastructure fund owned by the Australian bank, Westpac, has acquired South East Water from Macquarie in a ТЃ665.4m secondary buyout deal. Commentators have suggested that Macquarie's timely exit is evidence of its keenness...
SPAIN - 3i exits Grupo Gesinar
Atisreal, a subsidiary of BNP Paribas Real Estate, acquired 100% of Grupo Gesinar, a player present in both commercial and residential real estate services from 3i and minority shareholders. The transaction value has not been disclosed.
FINLAND - CapMan appoints Vesa Walldén as senior partner
CapMan has announced several appointments as of October 2006. Vesa Walldén has been appointed as senior partner in the technology team, Jan Mattlin has been nominated as investment director in the buyout team, Gitte Reitz and Mari Huuhka as investment...
ITALY - TLcom Capital realises investment in Netscalibur Italia
London-based venture capital fund TLcom Capital announced today that it has agreed to sell 100% of Netscalibur Italia to Infracom, a Milan-based private industrial group active in the telecommunications, information technology and mobility businesses....
SPAIN - 3i exits Grupo Gesinar
Atisreal, a subsidiary of BNP Paribas Real Estate, has acquired 100% of Grupo Gesinar, a player present in both commercial and residential real estate services from 3i and minority shareholders. The transaction value has not been disclosed.
SPAIN - Elio Berhanyer secures backing for its fashion business
Tailored clothing firm Artesanos Camiseros has announced its expansion plans and the partnership with private equity firm Capital Riesgo Madrid, bank Caja Madrid and Cordoba-based designer Elio Berhanyer, to create a new firm. The financial details have...
FINLAND - Conor and FII invest in Concilio Networks
Concilio Networks, a company aiming to enable VoIP benefits to every mobile handset, has secured EUR 1m from Conor Venture Partners and Finnish Industry Investment. The proceeds of the Conor-led round will be used to finalise and bring to market Concilio’s...
ITALY - PricewaterhouseCoopers opens tax and legal office in Milan
PricewaterhouseCoopers (PwC) has recently launched TLS, its new tax and legal practice in Italy. Although it will remain a separate legal entity, the new office is an official part of the PwC network.
GERMANY - Aurelia Private Equity and business angels back JobTV24
Aurelia Private Equity, alongside business angels, has provided expansion funding to JobTV24 GmbH. Notable business angels investing alongside the private equity group include Dr Roland Metzger (founder of Jobpilot.de), Tim Schwenke and Daniel Wild (founders...