News
UK - Pi Capital in £3m development capital deal with Medispa
Pi Capital has completed a £3m development capital fund raising for MediSpa, to support its roll-out growth plan to set up a national network of cosmetic clinics. Founded in 2004, MediSpa offers a range of cosmetic services under one roof, including...
UK - CDC appoints general counsel and chief compliance officer
CDC Group Plc, the UK government-backed emerging market private equity fund-of-funds investor, has appointed Mark Kenderdine-Davies as general counsel and chief compliance officer.
FRANCE - Seloger.com announes IPO
Online housing agency Seloger has announced it will launch an IPO on Euronext's compartment B.
UK - Hotbed appoints new investment director
Hotbed has appointed Johnny Markham as investment director in its commercial property division. Markham has experience in investment, property development and corporate property solutions, having worked for a number of high-profile clients such as British...
GERMANY – Deutsche Beteiligungs AG takes control of Homag
Schopfloch-based Homag Group AG, a manufacturer of woodworking machinery for the furniture and construction supplies industries, has been acquired by Deutsche Beteiligungs AG. The financial investor had already held a 21.4% stake and acquired an additional...
GERMANY – T-Mobile Venture Fund backs 4G Systems
The German manufacturer of HSDPA mobile terminals has completed a financing round led by T-Mobile Venture Fund. Existing investors Brockhaus Private Equity and Adinvest also participated.
BELGIUM - GIMV appoints new Investment Directors
GIMV has announced that it has appointed Bart Diels and Alain Keppens as Investment Directors with immediate effect. Both Diels and Keppens have worked for GIMV as Investment Managers for more than 10 and 15 years within GIMV ICT and GIMV Corporate Investment...
SWEDEN - Cinven to acquire Phadia for EUR 1.3bn
PPM Capital and Triton have signed an agreement to sell Phadia, a global market leader in in-vitro allergy diagnostics, to Cinven, for EUR 1.3bn. The sale remains subject to regulatory approvals. PPM and Triton were advised by UBS Investment Bank, Morgan...
SPAIN - Highgrowth invests in Solostocks
Fonsinnocat, the closed-end fund managed by Highgrowth Partners, has purchased a 10% stake in online stock shop SoloStocks for an undisclosed sum. Internet advertising group Intercom owns 80% of the company, while its managers hold the remaining 10%.
GERMANY – Francotyp-Postalia to float
The German mailing systems solutions company Francotyp-Postalia is to raise up to EUR 191m on the German Prime Standard. The book-building range has been set between EUR 18-22.5, and shares are particularly aimed at institutional investors.
UK - Baird Capital Partners Europe generates 3.5x return on Traffic Support exit
Baird Capital Partners Europe has realised its investment in Traffic Support Ltd, the innovative parking enforcement solutions company. Mouchel Parkman, the integrated support services company, has acquired the business for £21.5m. Added to a £4.8m...
GERMANY – Bridgepoint aims for the Mittelstand
Bridgepoint has declared it is willing to acquire three to five Mittelstand companies in the coming months. The transactions are expected to be in the range of EUR 200m to EUR 750m.
UK - Barclays Private Equity's Your Move to float
Estate agency and surveying business LSL Property Services, formerly known as Your Move and held by Barclays Private Equity is planning a £221m IPO.
UK - Duke Street Capital exits Esporta
Duke Street Capital has realised its investment in Esporta. The racquets and country club focused sports chain has been acquired by the Halabi family trust through an auction process for an undisclosed sum.
FRANCE - Siparex backs the buyouts of two contruction suppliers
Sigefi Private Equity (of the Siparex group) has backed the buyout of siding and roofing steel accessories manufacturer Comat, and of pre-insulated pipes maker Solice.
GERMANY – Heliad invests in money and securities services
Heliad Equity Partners has taken a 49% stake in Unicorn Geld- und Wertdienstleistungen GmbH. The financial investor provided EUR 5m in equity capital and a partner loan. The company's management holds the balance.
SPAIN - Javier Faus launches private equity firm specialised in the hotel sector
Javier Faus, the frontman of Patron Capital, is reportedly launching a private equity firm focused on the hotel sector. Based in Barcelona, the new firm, Capital Meridia, will invest in luxury hotels and has already raised EUR 150m to kickstart its operations....
SPAIN - Apax and Capital Hemisferio to float Vueling
According to press reports, low-cost airline Vueling is due to float 39% of its capital in the stock exchange in the next few days. The bidding period will run from November 17 - 29. The company's main shareholders, Apax Partners and Capital Hemisferio,...
FRANCE - LFPI backs the management buy-in of Holtex
LFPI has taken an 85% stake in medical equipment company Holtex, via its fund LFPI Croissance. LCL underwrote the senior debt package.
UK - Bank of Scotland Corporate exits Paymentshield
Bank of Scotland Corporate has realised its investment in Paymentshield Ltd, a supplier of general insurance products to the mortgage intermediary sector. The value of the deal has not been disclosed although it is known that Bank of Scotland Corporate...
GERMANY – Timeline set for the German private equity law
The Federal Ministry of Finance has announced that it aims to have a bill drafted by the cabinet by the middle of next year. This means that the new legislation is on course to come into force in 2008. The new legislation is highly anticipated as it will...
UK - Quester appoints Sergio Levi as director
Quester has appointed Sergio Levi as a director. Levi first joined Quester's ICT team in January 2006, specialising in investments in the semiconductor and electronics sector. As a director, he will be responsible for sourcing, implementing and managing...
UK - Apax exits The Stationary Office
Apax Partners has realised its investment in The Stationary Office (TSO). Britain's largest publisher by volume, which has many high profile contracts with the public sector, has been acquired by corporate information solution provider William Lea, itself...
FRANCE - Truffle Venture hires fresh talent
Paris-based Truffle Venture has recruited an energy specialist and a new financial controller.