News
UK - North West Equity Fund in £500,000 fundraising for Into Technology
The North West Equity Fund, alongside Liverpool Seed Fund, has invested in a £500,000 fundraising round for Into Technology Holdings Ltd.
GERMANY – BayBG with new MD
BayBG has announced that Peter Pauli will succeed retiring Dr Wolf Rüdiger Willig as managing director from 1 January 2007.
EUROPE – Kenneth Leet to lead European Investment Team of Cerberus
Cerberus Capital Management has announced that Kenneth H M Leet has joined Cerberus European Capital Advisors as president. Leet’s previous positions include an 18-year tenure as partner in the investment banking division at Goldman Sachs.
GERMANY – Quadriga Capital buys back AHT Cooling Systems
Quadriga Capital has acquired a majority stake in AHT Cooling Systems for an undisclosed amount from Equita. Dresdner Kleinwort has been mandated to solely arrange the debt package comprising senior and mezzanine facilities. In 2005 Quadriga Capital sold...
UK - Enterprise Ventures invests £600,000 in Student Resources Ltd
Enterprise Ventures has completed a £600,000 investment in Student Resources Ltd via the Coalfields Enterprise Fund.
GERMANY – 3i to bid for HHLA
3i has announced its interest in acquiring a minority stake in the operator of Hamburg Port Hamburger Hafen und Logistik AG (HHLA). The City of Hamburg had been seeking offers for a 49% stake in HHLA and so far reportedly received notifications from around...
GERMANY – Large buyout firms to start trade group
It is believed that some of the largest leveraged buyout firms in the US and Europe are preparing to start their own lobbying group early next year to fend off increased regulation.
IRELAND - Setanta to receive Doughty Hanson investment
Market sources report that the Irish-headquartered broadcaster Setanta Sports which owns the rights to two of the six Premiership packages available is to receive an investment from Doughty Hanson alongside debt funding provided by Goldman Sachs. The...
UK - Oxford Capital Partners participates in £5m series-A funding for OrthoMimetics
Oxford Capital Partners has announced its investment in OrthoMimetics Limited, the first technology spin-out from the Cambridge-MIT Institute (CMI). Oxford Capital Partners joins a syndicate of investors including Schroders Investment Management Ltd,...
UK - 3i-backed Salamander Energy in $405m IPO
3i portfolio investment Salamander Energy has been listed on the London Stock Exchange with a market capitalisation of $405m. Salamander Energy Plc is an upstream oil and gas exploration and production company focused on South East Asia. 3i invested $22.6m...
UK - Electra Private Equity announces preliminary results
Electra Private Equity Plc has announced its preliminary results for the year ended 30 September 2006 following the decision of its board to return to full investment of capital resources in private equity in October of this year.
UK - Aberdeen Asset Managers Private Equity backs £19.1m MBO of Purac
Aberdeen Asset Managers Private Equity has backed the £19.1m management buyout of Purac Ltd, a process engineering specialist, from AWG Plc. Aberdeen provided the equity funding with the Bank of Ireland providing a debt package including senior, working...
GERMANY - Life Science Partners recruits Jörg Neermann
Life Science Partners (LSP) has announced that Dr Jörg Neermann will join its team as partner operating from the Munich office as of 1 January 2007. Dr Neermann arrives from DVC Deutsche Venture Capital where he was a member of the investment team,...
ESTONIA - BaltCap generates 50% IRR on Ecometal investment
BaltCap has sold its significant minority position in lead battery recycling company AS Ecometal to DeltaCom Holding Ltd for an undisclosed amount. BaltCap has generated an IRR exceeding 50% on this investment.
FRANCE - Cinven, Texas Pacific, Spectrum and Goldman Sachs sell Eutelsat shares
Cinven, Texas Pacific Group, Spectrum Equity Investors and Goldman Sachs have sold their entire stake in Eutelsat Communications, the world's third largest satellite services provider listed on Euronext Paris' compartment A, in two simultaneous sales.
UK - ISIS backs ILS acquisition of Home Concern
ISIS has provided its portfolio company Independent Living Services Ltd (ILS) with additional funds to enable it to acquire Home Concern (Scotland) Ltd. The combined company will be one of the largest providers of care at home services in Scotland with...
SWITZERLAND - Butler carves out Rhodia's European string and fibre operations
Butler Capital Partners has backed the management buyout of chemical specialist Rhodia's European fibre and string business. The buyout house took a 95% equity stake, while management retained the balance.
SWEDEN - Ashurst opens Stockholm office
Law firm Ashurst will open in Stockholm in January 2007. The office will be headed by Jonas Bergh, who is currently the senior partner of AJB Bergh Advokatbyrå AB (AJB). All members of AJB will join Ashurst and in addition Mats Rooth, a senior finance...
UK - LDC backs EUR 63m MBO of Anglo-Dutch corporate travel and event management firm
LDC has invested EUR 24m as part of a EUR 63m management buyout of ATP, an Anglo-Dutch corporate travel and event management firm formerly a subsidiary of Dutch investment company Reggeborgh. Lloyds TSB Acquisition Finance provided senior debt and revolving...
UK - Langholm Capital floats Just Retirement
The IPO of Just Retirement has allowed Langholm Capital to partially exit its investment. Unconditional trading in the shares on AIM begun this morning since when its share price has risen to 198p, giving the company a market capitalisation of £581m...
ITALY - Strategia Italia closes its third deal
Strategia Italia SGR has via its closed-end fund Fondo Nord Ovest completed the investment in packaging manufacturer MPG.
HUNGARY – New office for Salans in Budapest
International law firm Salans has announced the opening of an office in the Hungarian capital. The office employs 12 lawyers and is led by the two partners: Tamás Tercsák and Judit Kövári.
GERMANY – EQT-backed Symrise to float
The German flavours and fragrances company Symrise has set the bookbuilding range for its IPO next Monday between EUR 15.75 and 17.75. The company intends to float up to 81m shares, 37.8m as part of a capital increase, which, if valued at the top end...
UK - Lion Capital portfolio company La Senza acquires Contessa
The holding company of La Senza Ltd, a Lion Capital portfolio company, has acquired Contessa for an undisclosed sum in a transaction that closed over the weekend. Lion Capital acquired lingerie retailer La Senza in a deal of undisclosed value in July...