News
NORWAY - Norvestor buys Nordic gym group from Compass Partners
Norvestor Equity has acquired Elixia Nordic, a health and fitness club chain, from Compass Partners. The value of the deal is undisclosed.
UK - Investec funds acquisition of Telinet by Statevine
Investec Private Bank's growth & acquisition finance division has backed Statevine Ltd in the acquisition of telecommunications provider Telinet from its founders.
FRANCE - AXA Private Equity reaches 95% threshold for TLD take-private
Following its public tender offer, AXA Private equity has secured over 95% of shares in listed airport equipment business TLD Group.
ITALY - Fondamenta SSGI invests in Lux Vide
The closed-end fund-of-funds Fondamenta SSGI has purchased a 25% stake in film production company Lux Vide, via its vehicle Imperium SpA for EUR 15m. Fondamenta has acquired 10.7% ordinary shares from existing shareholders RML Comunicazione Srl and 14.3%...
UK - Smedvig Capital exits City Invoice Finance
Smedvig Capital has realised its investment in City Invoice Finance following the acquisition of the company by Venture Finance Plc.
FRANCE - Perfectis-owned Ekis makes acquisition
Technical documentation publisher EKIS, which was acquired last May by Perfectis Private Equity, has bought 80% of aeronautical documentation business, Aimtech.
SWITZERLAND – Partners Group announces strong financial results
Zug-based Partners Group, which recently achieved an IPO on the SWX Swiss Exchange, has released strong financial results for the first half of 2006.
FINLAND - CapMan exits Distocraft Ltd
CapMan funds have divested their stakes in software provider Distocraft Ltd to Ericsson for an undisclosed sum. With offices in Helsinki and Lahti, Distocraft develops telecommunications software products that enable network performance management and...
UK – Bridgepoint appoints new head of investor services
Bridgepoint has announced the appointment of John Barber as a partner. He will be head of investment services and will take over from Graham Dewhurst at the beginning of 2007. He will also be serving on Bridgepointтs operating and investment committees....
FRANCE - Sofinnova Partners leads EUR 8m funding for Travel Meta Search
Sofinnova Partners and Walden International have injected EUR 8m in Travel Meta Search, an internet search engine focusing on flights, hotels, car rentals and holidays packages.
UK – NVM-backed Arleigh International acquires Midland Chandlers
Following a MBO in 2004 funded by Northern Venture Managers, Arleigh International has successfully acquired Midland Chandlers, creating the UKтs largest provider of holiday home and narrow boat spares and consumables.
UK - Further investment for ZBD
Prelude Trust Plc, managed by Esprit Capital Partners, has made an additional ТЃ640,000 investment into ZBD Displays Ltd as part of a ТЃ2.86m funding round. This will mean that Prelude will now have a 33% holding in ZBD, and has so far committed ТЃ5.6m...
UK – Sigma enters into 25 year university partnership
Following the recent signing of a heads of agreement with the Robert Gordon University (RGU), Sigma Capital Group Plc has entered into a 25-year legal relationship agreement with the university.
UK - Successful exit for Bridges
Bridges Community Ventures has announced the sale of SimplySwitch, a price comparison service for household utilities and financial services, to The Daily Mail and General Trust plc. The transaction was valued at ТЃ22m and will be the second successful...
UK - Partial exit for NBGI Private Equity
Following a year of strong performance, Hamworthy Heating Ltd has been able to repay its full loan stock to its principal shareholders, NBGI Private Equity, enabled by new debt facilities provided by HSBC Leveraged Finance. The NBGIPE Fund will now reclaim...
UK – Phasor Solutions Ltd raises £1m in first round of funding
Katalyst Ventures, the private investor group, has made a significant investment into Phasor Solutions Ltd, a developer of flat panel antenna systems, enabling the company to raise ТЃ1m for its initial funding round.
ITALY - Cdb Web Tech sells its entire venture capital interest to Pantheon
Italian investment company Cdb Web Tech has signed an agreement to sell its entire interest in venture capital funds. The company will sell its holdings in 90 of the 98 venture capital funds in which it has invested to the London-based Pantheon Ventures...
FRANCE - Turenne leads Aston Medical France restructuring
Turenne Capital has led the financial restructuring of orthopedic implants manufacturer, Aston Medical France. The private equity firm contributed EUR 3.5m alongside Sofimac Partners, which committed EUR 1m.
FRANCE - Alven invests EUR 1.5m in travel agency
Alven Capital has injected EUR 1.5m as the sole investor in Travel Selection’s first round of financing. Following the transaction, management retains a majority stake.
NL- Bencis acquires childcare provider Catalpa
Bencis Capital Partners has acquired a substantial equity interest in Catalpa, the market leader in childcare in the Netherlands.
FINLAND - Sentica buys Elematic Group from Consolis
Finnish Elematic Oy Ab has been acquired in a deal led by Sentica Partners and including Finnish Industry Investment, Etera Mutual Pension Insurance Company and the management of Elematic Group. Elematic is a technology provider to precast concrete producers...
FINLAND - Conor Venture leads $2.5m round in Helmi Technologies
Oulu-headquartered Helmi Technologies, a provider of an Ajax-based development platform for building browser-independent rich internet applications, has secured $2.5m in a round led by Conor Venture Partners. The other investors included Finnish Industry...
FRANCE - SGAM and Galileo invest EUR 4m in internet shoe retailer
Société Générale Asset Management (SGAM) and Galileo Partners have injected EUR 4m in e-commerce shoe retailer Sarenza.
UK/NL - Unilever to sell frozen food unit to Permira
Anglo-Dutch consumer products group Unilever has announced that it has signed an agreement to sell the majority of its frozen foods business to Permira for EUR 1.725bn. The transaction, which is subject to customary regulatory approvals, is expected to...