News
FRANCE - Aon Accuracy hires Bruno Husson
Financial advisor Aon Accuracy has announced the appointment of Bruno Husson as an associate. His role will entail developing all aspects of financial evaluations.
NORWAY - Ferd Venture invests EUR 5m in maritime broadband provider
Ferd Venture has invested EUR 5m in Ship Equip, a specialist in broadband connections delivered to commerical marine vessels. The new capital will enable the company to expand into the worldwide merchant fleet and expand its geographical presence.
SWEDEN - Accent buys ScandBook
Accent Equity has come to an agreement with Nørhaven AS on the acquisition of all shares in the book producer ScandBook AB. The value of the deal has not been disclosed.
FRANCE - Possible EUR 2bn sale of FNAC
According to reports in the French press, PPR is considering selling FNAC, a nationwide books and media retailer.
ITALY - Sinergia and Parà announce acquisition of Arquati
The fund Sinergia con Imprenditori, managed by private equity firm Synergo Sgr, and industrial player Parà have jointly acquired 100% of Arquati, a group specialised in picture frame moulding, wood drapery poles and tracks for the window covering industry....
LUX - Oostvogels strengthened by new appointment
Following substantial growth in client activity, predominantly in the private equity sector, Oostvogels Pfister Roemers (Oostvogels) has added to its expertise by appointing Mr Frédéric Feyten as additional tax partner.
SPAIN - Capital Health starts its activities
Spanish stock market regulator CNMV has recently authorised the launch of the first Spanish private equity firm completely focused on the health sector. Capital Health will back financing rounds between EUR 300,000 and EUR 4m in early-stage businesses...
UK - Duke Street Capital acquires 2e2 from Gresham in £130m deal
Duke Street Capital (DSC), has agreed to acquire leading IT services business 2e2 in a ТЃ130m secondary management buyout from Gresham Private Equity. 2e2, which has operations in the UK, Channel Islands, Holland and the Isle of Man, operates in a number...
FRANCE - UFG joins syndicate of investors in Nemoptic
UFG Private Equity (formerly Nord Europe Private Equity) has committed EUR 2m in liquid crystal screen developer Nemoptic. The private equity firm joins the syndicate of investors which had invested EUR 9m in May 2006, bringing the new total to EUR 11m....
SWITZERLAND - SIG rejects CVC take-private approach
Listed Swiss packaging firm SIC has rejected an unsolicited takeover offer from CVC Capital Partners and FERD, the Norwegian parent of packaging group Elopak. The consortium had offered SFr 325-350 per share, however the firm's board of director deemed...
UK - Alexander Forbes launches Private Equity and Corporate Acquisitions Practice
Alexander Forbes International Risk Services (AFIRS) has launched a Private Equity and Corporate Acquisitions Practice (PECAP) to provide insurance and risk transfer services to businesses undertaking corporate and M&A activity. Oliver Crispin, previously...
GREECE - Apax and Texas to reap a fourfold return with TIM Hellas auction
Apax Partners and Texas Pacific Group have put a for sale sign on their portfolio company TIM Hellas, a Greek mobile services provider. According to press reports, the buyout firms have mandated Morgan Stanley and Lehman Brothers to begin an auction process...
FRANCE - Ciclad takes 84% of construction equipment business
Ciclad has taken an 84% stake in Hussor, a manufacturer of concrete moulds for the construction industry.
UK - Electra Quoted Management helps fund Find Portal's acquisition of Defaqto
Electra Quoted Management Limited (EQML) is pleased to announce, that alongside FF&P Private Equity it has made a follow on investment in Find Portal Limited (Find) on behalf of funds under its management, in addition to investment in May 2005. Find has...
UK - Permira pulls Hogg Robinson IPO
Hogg Robinson, the Permira-owned business travel company, has had its proposed IPO pulled with sources citing the current state of the market.
GERMANY - Nord Holding sells Alsitan to management
Nord Holding has sold its 80% stake in Alsitan, located in Greifenberg am Amersee to managing partner Hans-Jürgen Specht and his son, Marc Specht.
GERMANY - Raiden Capital acquires KSH Capital Partners
London-based buyout house Raiden Capital Ltd has acquired KSH Capital Partners AG, a sector-specific financial investor based in Hamburg and Lübeck.
UK - 3i and Doughty Hanson Technology Ventures back series B for DeepStream
3i has joined DeepStream Technologies as new investor, leading its ТЃ8.1m Series-B equity funding. The funding will be used to expand the companyтs range of solution platforms for new markets, particularly energy management, medical and appliance sectors,...
UK - Gresham-owned Whitworths up for sale
Dried fruit packager, Whitworths, is being sold by current backers Gresham at a competitive process run by Rothschild. Several private equity firms including Lion Capital, European Capital, HgCapital and Barclays Private Equity are in the process of preparing...
GERMANY - Saban to sell ProSiebenSat.1
According to a report in German news magazine, Focus, US-billionaire Haim Saban is in advanced talks with investors over the sale of his stake in ProSiebenSat1. The report suggests that Saban is speaking with investment bank Goldman Sachs and Apax Partners....
GERMANY - Kion Group up for private equity grabs
Private equity consortia are gathering to bid for Kion Group, the newly re-named material handling division of Linde, according to a report in German newspaper FAZ. Allianz Capital Partners and Permira have apparently clubbed together, with Apax and BC...
UK - Cambridge Cluster data research
Library House, the high-growth private company research house, in association with Wilmer Hale and BDO Stoy Hayward, has announced the publication of the 2006 Cambridge Cluster Report т тThe Supercluster Questionт. The third report produced by Library...
UK - Bank of Scotland backs buyout of William Cook Defence
William Cook Defence Ltd (WCD), the North East-based specialist manufacturer of tracks and other engineering components, together with its subsidiary William Cook Intermodal Ltd have been acquired from William Cook Holdings Ltd, the Sheffield-based engineering...
ITALY - Carlyle to lead EUR 30bn bid for Telecom Italia businesses
According to reports in the Corriere della Sera, The Carlyle Group is planning a EUR 30bn bid for Telecom Italia's mobile telephony businesses. It will provide EUR 4bn of cash, while the other partners in the consortium, Permira and Blackstone Capital...