News
UK - Rutland Partners sells Uskmouth Power Station
Rutland Partners has agreed the sale of its entire interest in Carron Energy Ltd, the owner of Uskmouth Power Station to a specially-formed company backed by Deutsche Bank AG and funds under the management of Strategic Value Partners and Trafalgar Asset...
UK - South East Growth Fund backs Synamed MBO
SEGF has invested ТЃ250,000 to fund the management buyout and recapitalisation of Synermed Europe Ltd, from its Canadian based parent Synermed International. Senior debt and working capital facilities were provided by HSBC.
UK - BC Partners and Apax involved in £2.2bn healthcare deal
Network Healthcare Holdings (Netcare) has announced its acquisition of a controlling interest in leading UK private hospital group, General Healthcare Group Limited (HG), from BC Partners. Netcare is supported by a consortium of investors including Apax...
SPAIN - Portugal's Ibersol enters battle for Telepizza
The battle for Spanish restaurant chain Telepizza has become a three-way fight after Portuguese rival Grupo Ibersol offered EUR 2.25 per share yesterday. Despite being more than Permira’s bid, the Ibersol offer price is, however, less than that put forward...
UK - 3i invests in Arabian Gulf
3i has announced that it is committing $15m to Ithmar Capital, the Gulf-based private equity firm, which is raising its second fund, Ithmar Fund II, expected to reach USD $250m.
UK - South East Growth Fund expands team
Avent Bezuidenhoudt has joined WM Enterprise as an investment manager on the South East Growth Fund (SEGF).
DENMARK - Nangate secures $10m funding
Nangate has raised $10m in series-A financing from a consortium of investors, including Vaekstfonden, IVS and SEED Capital.
UK - Barclays Ventures exits PropertyFlow
Barclays Ventures has sold its stake in PropertyFlow (deal value not disclosed) to Canadian company MacDonald Dettwiler and Asssociates (MDA). The exit will generate an IRR of 208% for Barclays Ventures. As part of the transaction the Propertyflow management...
UK - The Capital Fund invests in infusion device
A new high accuracy, low cost infusion pump that also has a range of applications in laboratories and the food and chemicals industries, has attracted ТЃ250,000 funding from The Capital Fund.
UK - 3i and Doughty Hanson back former Egg executives in new startup
Founding CEO of Egg plc and First Direct, Mike Harris, and former Egg CIO Tom Ilube, have announced the creation of a new consumer company pioneering a range of services to help give people real power over their personal information in the digital world....
UK - Yorkshire Bank appoints regional director of acquisition finance team
Yorkshire Bank has appointed Ian Howey as regional director of the Midlands specialist and acquisition finance team.
SWEDEN - Provider sells Tradera to eBay for SEK 365m
Provider funds, together with remaining shareholdes, has divested Tradera.com, Sweden’s largest market place for internet based auctions. The buyer is eBay, paying SEK 365m in cash plus acquisition costs, net of payments for working capital.
NETHERLANDS - Stork attracts private equity interest
Following announcements from industry conglomerate Stork that it is considering a delisting from Euronext, press reports now suggest that several private equity houses are eyeing up the company.
SWEDEN - Effpower secures SEK 120m funding
Effpower AB has received SEK 120m in financing from existing investors Volvo Technology Transfer, Gylling and Industrifonden and new investors Adolf Lundin and Leif Kristensson.
SWEDEN - Secode considers going public
Secode considers listing in Oslo or Stockholm, according to press reports.
NORWAY - Alliance Venture sells Net4Call to Oracle
Oracle has acquired Oslo-based Net4Call from Alliance Venture, the managing director and other employees. The value of the deal has not been disclosed.
UK - Oxford Capital Partners invests in Inetec Ltd
Oxford Capital Partners, the Oxford based venture capital firm focused on science and technology companies, has announced its investment in Inetec Ltd. Inetec Ltd is a developer of waste-to-renewable-energy projects in the industrial food manufacturing...
UK - Debenhams lined up for £3bn IPO
The department store group Debenhams is being lined up for a return to the stock market with a price tag of up to ТЃ3bn, little more than two years after being taken private by a private equity consortium comprising CVC Capital Partners, Merrill Lynch...
FRANCE - Activa Capital backs MBO of Créal
Activa Capital Fund FCPR has purchased a majority stake in Créal, a leading French manufacturer of aluminium windows from its founder, Claude Caprini, and Siparex SPF III Middle Market, a fund managed by Sigefi Private Equity. Founded in 1992 by Claude...
BELGIUM - Peakadilly receives EUR 6m series-A financing
Life Science Partners (LSP) has led a EUR 6m series-A financing round for Ghent-based Peakadilly.
SPAIN - Buy and build continues with acquisition of Foprar
Qualitas Equity Partners and Lombard Odier Darier Hentsch & Cie Private Equity (LODH) have together acquired 100% of Foprar, a manufacturer of tubes and frames for civil works projects. This follows the acquisition in March of 100% of Pronave Yecla SL,...
UK - Jeremy Knight to join Ashton Penney
Jeremy Knight, group publishing director of Caspian Publishing, is to join AshtonPenney, the provider of interim managers and non-executive directors for private equity and venture capital portfolio companies, to lead the firmтs private equity practice...
UK - Pi Capital completes £3m round for Million-2-1
Pi Capital, has announced the completion of a ТЃ3m investment round for mobile gaming company Million-2-1.
NORWAY - Affitech secures NOK 86m funding
The human antibody company Affitech AS has raised a further NOK 86m in a new private placement. The participants in this round include existing investors, Teknoinvest, Ferd Venture, Four Seasons Venture, and Braganza AS, along with new investor Arendals...