News
POLAND – Enterprise Investors exits Opoczno
Funds managed by Enterprise Investors have sold their 46% stake in Poland’s leading ceramic tiles manufacturer Opoczno to Cersanit, a Polish ceramic sanitaryware producer. The full exit yielded gross proceeds of PLN 252m representing a 2.4x investment...
SWEDEN - Segulah buys 50% of Kemetyl
Segulah has acquired 50% of Kemetyl, a supplier of car care products to gasoline stations. Segulah III and Pemco, the owner, have a shareholder’s agreement ensuring Segulah III de facto control.
SPAIN - Apax and FManagers sell stake in Everis to management
Apax Partners and FManagers have sold their combined 45% stake in consulting business Everis to its management.
GERMANY – capiton invests in Ensys
Independent private equity fund manager caption has acquired a stake in energy service provider Ensys AG as part of an expansion financing. The financial investor replaces some of the founding investors which had supported the company as business angels.
UK - University of Leeds spin-out raises £685,000
White Rose Technology Seedcorn Fund, which provides funding for spin-out companies from the universities of Leeds, York and Sheffield, has participated in a £685,000 equity financing for Tissue Regenix Ltd, a Leeds-based developer of revolutionary tissue...
UK - Vision Capital appoints chairman to portfolio of food businesses
Vision Capital has announced the appointment of Gareth Voyle as chairman of the portfolio of food businesses it has agreed to acquire from Northern Foods. The appointment follows the announcement on 22nd November of exchange of contracts for the acquisition...
UK - Lyceum's Velo to merge with Leasedrive Group
Lyceum Capital portfolio company VELO has merged with the Leasedrive Group. The merged entity, Leasedrive VELO, is now the largest independent privately-owned vehicle management group in the UK with a combined vehicle fleet of around 17,500 cars. Lyceum...
UK - Plastic Logic raises $100m in funding round led by Oak and Tudor
Plastic Logic, a Cambridge-based company whose previous backers include Amadeus Capital Partners, Intel Capital, Bank of America and Merifin Capital, has secured an additional $100m of equity financing led by Oak Investment Partners and Tudor Investment...
GERMANY - Finatem sells Hügel
Finatem Beteiligungs GmbH has sold a 51% stake in Hügel, a German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed amount. The financial investor had previously acquired the company for approximately EUR 54m in August...
BELGIUM - GIMV signs exclusivity agreement for sale of Kleimar stake
GIMV has reached an agreement with the Greek Navios Maritime Holding to hold exclusive talks on the sale of its stake in shipping company Kleimar. Currently, GIMV owns 24% of Kleimar, which is part of the Sea-Invest group.
FINLAND - CapMan’s real estate fund acquires Kalevankatu 20
CapMan Real Estate I has acquired the property and lot located at Kalevankatu 20 in Helsinki from the Local Government Pensions Institution for an undisclosed sum. Kalevankatu 20 is located in the Kamppi district of central Helsinki and comprises approximately...
ITALY - 21 Investimenti and Banca Leonardo buy stake in IVRI
21 Investmenti and Banca Leonardo have jointly acquired a majority stake in IVRI, a security and surveillance business, for an undisclosed sum. The Zané family, founders of the group, will maintain a minority stake.
GERMANY - Gutbrod Stanz- und Umformtechnik GmbH sold to voestalpine AG
Barclays Private Equity has exited its investment in German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed sum. Barclays Private Equity had previously acquired Gutbrod Stanz- und Umformtechnik in a secondary transaction...
PORTUGAL - Portugal Telecom deal about to close
After a year of negotiations, the five investment banks fronting Sonaecom's hostile takeover bid of Portugal Telecom are reported to be close to agreeing advisory fees as the deal reaches its final stages.
ITALY - Alitalia attracts interest from private equity firm
Reports in the Italian press suggest that Vestar Capital Partners could be interested in taking over troubled airline Alitalia.
GERMANY - Barclays Private Equity exits Buch & Kunst
Barclays Private Equity has sold its stake in German book retailer Buch & Kunst to the Thalia Group for an undisclosed amount. The financial investor acquired the company in 2001.
UK - NESTA looks to private sector to aid distribution of £50m fund for start-ups
The new NESTA (National Endowment for Science, Technology & the Arts) £50m fund for start-ups is to be overseen by a team drawn primarily from the private sector. The committee, which includes Apax partner, Adrian Beecroft and MTI CEO and managing partner,...
UK - NVM funds £16m buyout of defence service provider
NVM has provided just under £7m to fund the £16m management buyout of Product Support Ltd (PSL), a supplier of logistics services to the defence industry.
UK - Inflexion backs £12m MBO of Tekton Group
Inflexion Private Equity has led the £12m management buyout of Tekton Group, the fastest growing Enterprise Resource Planning software provider to the UK construction and house building industries. The buyout also includes the simultaneous complementary...
ESTONIA - MartinsonTrigon invests EUR 1m in social networking operator
MartinsonTrigon has agreed to invest EUR 1m in Rate Solutions, a Baltic social networking operator. Rate Solutions was behind Rate.ee, a social networking site with 25% of the 1.4 million population of Estonia as its users.
ITALY - Bridgepoint acquires motor homes manufacturer
Bridgepoint has agreed to purchase SEA, a manufacturer of branded motor caravans.
UK - Close Brothers Private Equity exits Moody via sale to Investcorp
Investcorp has acquired Moody International in a $311m secondary management buyout deal from Close Brothers Private Equity. CBPE paid $55m in April 2004 for the Sussex-based inspection services provider to the oil and gas industries which counts BP, Royal...
SPAIN - Corpfin Capital acquires Restauravia Food
Corpfin Capital has acquired the restaurant chain Restauravia Food alongside its management team in a BIMBO valued at EUR 95m.
SPAIN - Banesto backs renewable energy business
Banesto ENISA SEPI Desarrollo has made an investment of EUR 1.5m in Aquaventus Energía SL in return of a minority stake.