News
UK - Coller Capital unveils its Summer Barometer 2006 findings
The Coller Capital Global Private Equity Barometer Summer 2006 was released on Monday revealing that whilst LPs remain committed to private equity they are becoming increasinly discerning. Over the last three Coller Barometers, the proportion of investors...
FRANCE - Varioptic receives extra EUR 1m from Dow Corporate Venture Capital
The American investor Dow Corporate Venture Capital has joined exisiting investors with a contribution of EUR 1m in the third round of financing for liquid lens developer Varioptic.
UK - MFI auction reaches second round
The second-round auction of MFI Retail will begin on Friday according to the Financial Times. Further details of the sale of the struggling furniture business have now emerged.
NORWAY - Sustainable Solutions receives value creator of the year award
Sustainable Solutions has been nominated Value Creator of the year in the Norwegian business plan competition Verdiskaper 2006, value creator 2006. The winning company received NOK 150,000 and a six-month free entry pass to the innovation centre at Forskningsparken....
GERMANY - Carlyle Group invests in Global Media
The Carlyle Group has obtained a significant minority stake in Global Media GmbH, a web marketing company. The firm delivers a range of online services including search engine optimisation, key word advertising and online media planning.
NORWAY - HitecVision closes Technor acquisition
HitecVision Private Equity has via holding company CET Holding AS closed the acquisition of 94.6% of the shares of Technor ASA. Technor is listed on the Oslo Stock Exchange and CET Holding has announced its intention of buying the remaining shares and...
FRANCE - PE firms defeated in competition for EMAP France
EMAP has announced that it has entered exclusive negotiations with Silvio Berlusconi's Italian publisher Mondadori, for the sale of its French business.
UK - Chronicle Solutions receives £3m 3i backing
3i has led a ТЃ3m series-A investment in Chronicle Solutions along with syndicate partners Scottish Equity Partners and Societe Generale Asset Management Alternative Investments. As part of the deal, Nick Kingsbury, sector partner at 3i, is appointed...
UK - 3i generates 43% IRR from sale of builders' merchants
3i has sold its minority stake in Belfast-based JP Corry Group, one of the largest independent buildersт merchants in the British Isles, to Saint-Gobain Building Distribution. 3i originally invested in JP Corry in 1996 and further supported the acquisition...
UK - Refinancing of Manchester United debt
Financial News reports that Och-Ziff Management and Perry Capital, the two private equity firms who along with the Glazer family own Manchester United, are considering a refinancing of the ТЃ540m debt they took out in order to purchase the football club....
DENMARK - Nordic Capital acquires Dangaard Telecom
A subsidiary of Nordic Capital fund VI has signed an agreement to acquire Dangaard Telecom from BHS Holding, debitel, Fleggaard Holding and Dangaard Telecom Partners. The value of the deal has not been disclosed.
UK - Hotbed recruits two new investment professionals
Hotbed has appointed Tim Lawrence and Russell Pope as private equity investment directors to spearhead its activities in London and the South East.
UK - Rothschild leads bid for MFI Retail
The Times today reports that Rothschild has joined forces with Merchant Equity Partners to launch a bid for the retail division of MFI. The ailing retail arm of MFI Furniture recorded losses of ТЃ85m in 2005 and it is thought that the vendor will have...
FRANCE - Medica to float on Euronext
Medica, the third largest French retirement homes company has announced it has submitted documentation to AMF (Autorité des Marchés Financiers) in view of its flotation on Euronext Paris.
FRANCE - Berwin Leighton Paisner appoints cross-border lawyer
Berwin Leighton Paisner (BLP) has announced the appointment of Antoine-Audoin Maggiar to their corporate finance team as a senior partner. He will be focusing on developing the firm’s international portfolio of clients to offer an exceptional legal service...
FRANCE - Triago X announces new board of directors
Triago-X, the private equity secondary transactions specialist, has announced three new appointments that will form the board of company directors. This change comes prior to a planned company expansion and their listing on the Alternext of Euronext™...
UK - Jefferies hires Alex Hofman from Credit Suisse First Boston
Jefferies International Ltd, a subsidiary of US-based Jefferies Group Inc has announced the appointment of Alexander Hofmann as a director of Jefferies Broadview, the bankтs technology investment banking practice. Alexander Hofmann will be based in London....
FRANCE - EUR 10m backing for sports publisher
Iris Capital and London-based Complete Leisure Group are joining previous investors Galiléo Partners and Crédit Agricole Private Equity (CAPE) in a EUR 10m financing of French publisher Sports Medias & Stratégie.
SPAIN - Vista Capital acquires Play by Play for EUR 4.8m
Vista Capital, in a move to expand its toy manufacturer portfolio company Famosa, has purchased 100% of Play by Play from Catalana d’Iniciatives and its other investors for EUR 4.8m.
SPAIN - Ibersuizas appoints new partner
Jorge Delclaux has just joined Ibersuizas as a private equity partner and will be the vice president of the Spanish firm. The new addition to the team will strengthen the company’s new private equity project, launched a few months ago.
SPAIN - Savia Coinversión SCR invests in EUR 5m in MSS
The Zaragoza-based private equity firm has announced an investment of EUR 5m in Mobile Security Software (MSS). MSS is working on the development of a high security system for mobile devices that includes coding and uncoding, authentication control and...
SPAIN - Ibersuizas appoints new vice president
Jorge Delclaux has joined Ibersuizas as a private equity partner and will be the vice president of the Spanish firm. The new addition to the team will strengthen the company’s new private equity project, launched a few months ago.
UK - Permira and Barclays Capital team up in bid for retirement home builder
McCarthy & Stone, the builder of retirement housing, is the subject of competing bids from two consortiums who both see promising returns from this sector thanks to the ageing population, despite the fact that McCarthy has struggled recently.
UK - KPMG survey returns anxiety
The Financial Times reports that a survey to be released today by KPMG's Corporate Finance practice that relates industry concern over the over-leveraging of buyout deals. Over 70% of private equity companies agreed that many deals had become too high...