News
SWEDEN – Glintir acquires Fischer Partners
Glintir has today announced the acquisition of all shares in the Swedish brokerage firm Fischer Partners from Invik & Co AB. This will enable Glintir to establish a solid platform in the Nordic securities brokerage sector as Fischer Partners has shown...
UK - Citigroup Corporate & Investment Banking team makes new appointment.
Citigroup has today announced the appointment of Laurent de RosiУЈre into their Private Equity Placements Group as vice president. He will be joining from Acanthus Advisers where he was principal from 2003. He will be amongst a number of recent recruits....
SPAIN - Espiga Capital exits Stock Uno
Espiga Capital, along with other shareholders, has recently sold its entire shareholding in Stock Uno to Ibersuizas in a BIMBO worth approximately EUR 30m. The transaction represents returns to Espiga of 2.5x its original investment, equivalent to an...
FRANCE - Montefiore takes majority stake in art equipment distributor
Montefiore Investment has acquired a 78% of Promo Art, for an undisclosed sum. Management retains the balance. As a result of the transaction, BNP Private Equity, IDPC and Naxicap Partners exit the first round investment they made in 2001.
SWEDEN - Fiskars Corporation to purchase Silva Group
Fiskars Corporation has signed an agreement to acquire the Sweden-based Silva Group which will include its US-based subsidiary The Brunton Company. The two leading providers of outdoor activity-related products will operate under the Fiskar brands, including...
FRANCE - Duke Street Capital France appoints new investment manager
Duke Street Capital (DSC) has announced the appointment of their new investment manager, Vincent Dupuy, who will be starting at DSC France in July.
LITHUANIA - CapMan exits Drobe
CapMan has sold its holding in Lithuanian Drobe Wool Company to Plaza Corporation, a Lithuanian industrial development company.The CapMan funds Finnventure IV and Finnventure V originally invested in Drobe in 2000 along with the European Bank for Reconstruction...
UK - Morrison a possible target for Texas Pacific, CVC and Permira
The Observer reported yesterday that private equity groups are weighing up an offer for supermarket group WM Morrison.
UK - Trish Geery joins Benson Elliot as new partner.
Benson Elliot Capital Management has today announced that it has appointed Trish Geery, as a partner in the firm. She will be joining from the Dubai Investment Group (DIG) where she has been managing director and head of global real estate since 2004....
UK - Dunedin backs £21m MBO of etc.venues
Dunedin Capital Partners announces that it has backed the ТЃ21m management buyout of ETC Venues Ltd, one of Londonтs leading independent providers of meeting, training and event space. Dunedin is initially providing ТЃ6m of funding with a further ТЃ4m...
ICELAND - Anders H. Rønningen leaves Advokatfirmaet Selmer
From 1st October 2006, Anders H. Rønningen, 34, will join Glintir Securities Corporate as new director to develop a strong corporate unit. He will be coming from the Norwegian law firm Selmer, where, since 2002, he developed the business area strategy...
NL- Apax Partners courts Endemol
Apax Partners is thought to be considering a possible EUR 1bn for Dutch quoted company Endemol. The private equity firm, which failed to purchase ITV earlier this year, could set up a consortium to buy Telefonica’s stake in Endemol.
SWEDEN - Q-Park acquires Carpark from Bridgepoint
Q-Park, the European cap parking company, has acquired the Swedish parking firm CP Group AB (also called Carpark) from Bridgepoint for an undisclosed sum. Carpark, founded in 1959 is a leading car park operator in the Nordic region, this acquisition will...
BELGIUM - Clear2Pay receives EUR 15.7m third round investment
Clear2Pay has announced that it has received a EUR 15.7m third round investment which was led by AGF Private Equity, with new investor GIMV as a co-lead. The existing investors, Intel, QuestforGrowth, TrustCapital Management and Big Bang Ventures also...
UK - Gresham backs MBO of Swift Technical Group
Gresham has backed the management buyout of Swift Technical Group, the market leader in global recruitment and relocation focused on the oil and gas sector.
DENMARK - Powermill Service Group announces two acquisitions in Denmark
Powermill Service Group, repairer of home electronics and owned by Segulah, has acquired two service businesses, Danske Teknik Centre and Merlin. Both the companies are based in Denmark and were acquired separately.
SPAIN - Madrigal Participaciones buys El Arbol from CVC
Madrigal Participaciones has recently agreed to buy 80% the supermarket chain El Arbol, from the private equity firm CVC in a transaction worth approximately EUR 54m. The company’s general manager, Juan Pascual, will retain the remaining 20% shareholding....
FRANCE - OTC AM injects EUR 1.2 in Supertec
OTC Asset Management has completed a EUR 1.2m first round of financing in Supertec.
FRANCE - EUR 8.5m backing for dietary food maker
Creadev, the investment fund of the Mulliez family, has led a EUR 8.5m second round of financing in Ceprodi-Kot. The fund invested EUR 6.5m alongside previous investors H2i, OTC Asset Management (OTC AM) and MaceInvest.
UK - Permira fended off as AGH Venice ups bid for De Vere
AGH Venice, the bidding vehicle formed by Marylebone Warwick Balfour Hotel directors and HBOS's Uberior Ventures has increased its offer for UK hotelier and health club operator De Vere Group.
AUSTRIA - AVCO to appoint new chairman
According to an article in Austrian Venture Capital newsletter Venturewoche, Thomas Jud has announced that he will resign from the post of chairman of the Austrian Venture Capital Association before the end of the year.
SWITZERLAND - Adveq appoints Philippe Bucher as chief financial officer
Adveq has announced the appointment of their current head of finance, Philippe Bucher, as chief financial officer and executive director.
UK - Barclays Ventures backs MBO of portable accommodation hirers
Barclays Ventures has backed a ТЃ11m management buyout of Rollalong Hire from the Newman family. In the year to 31 December 2006 Rollalong Hire is expected to achieve an EBITDA of ТЃ2.5m. The deal was entirely funded by Barclays Ventures and having secured...
FRANCE - Benjamin Moreau joins Activa Capital
Paris-based Activa Capital has announced the appointment of Benjamin Moreau as investment analyst.