News
CZECH REPUBLIC - Advent sells CCS to FleetCor Inc
Advent International has concluded an agreement to sell its portfolio company CCS Èeská spoleènost pro platební karty a.s. to FleetCor Inc. The deal is structured as a cash and share transaction and will enable Advent to return funds to its investors...
FRANCE - PagesJaunes deal closes
KKR and Goldman Sachs Capital Partners have announced the completion of their acquisition of France Telecom's 54% shareholding in directory business Pages Jaunes. With a unitary share price of EUR 22, the total value of the acquired interest amounts to...
GERMANY - Drillisch to bid for Mobilcom
Mobile network service provider Drillisch is likely to make a bid for Mobilcom, a company owned in part by Texas Pacific Group. The news appeared today in German newspaper Handelsblatt.
UK - Langholm Capital acquires plus-size retailer Elvi
Langholm Capital has acquired Elvi, the UK's largest independent plus-size women's fashion retailer. Langholm is backing Oliver Spark, the former managing director of the White Company, as an incoming chief executive.
GERMANY / FRANCE - Quadriga acquires Coventya from Natexis
In a secondary transaction Quadriga Capital has acquired Coventya from Natexis Industrie. The deal is valued at more than EUR 100m, according to press reports.
FRANCE - Access Capital Partners boosts its communications
Fund-of-funds specialist Access Capital Partners has strengthened its team with two new appointments. Erin Sarret has been recruited as marketing director and Cécile Croissant as investor relations and communication director.
FRANCE - Crédit Agricole Private Equity appoints head of growth capital and LBO
Eric Pencréac’h has been appointed head of the growth capital and buyout team at Crédit Agricole Private Equity.
ITALY - BC Partners appoints Antonio Belloni
BC Partners has announced the recruitment of Antonio Belloni as managing partner of the firm’s office in Milan. Formerly CEO at De Agostini Group, he will be responsible for leading the firm's buyout operation in Italy. Belloni's new employer invested...
FRANCE - Texas Pacific Group and AXA Private Equity buy 60% stake in TDF
Telecom broadcaster TDF has confirmed that an agreement has been signed for the acquisition by Texas Pacific Group and AXA private Equity of 42% and 18% of its equity, respectively.
FRANCE - Montagu hires Apax's LBO director
Montagu Private Equity has hired Guillaume Jabalot as its new head of investments.
UK - DLJ Merchant Banking Partners and Morgan Crucible talks fall through
Talks between the private equity arm of Credit Suisse DLJ Merchant Banking Partners and 150 year old engineering firm Morgan Crucible about a delisting of the company have faltered.
UK - Credit Suisse Infrastructure Fund involved in bid for City Airport
It is expected that a consortium led by US insurer AIG and involving GE Capital and Credit Suisse's infrastructure fund has won the auction for City Airport. The deal is thought to value the airport which was acquired by Irish billionaire Dermot Desmond...
UK - Nikko Principal Investments exits Menzies Hotels Group Ltd
Nikko Principal Investments Ltd (NPIL), has sold the four star hotel chain, Menzies Hotels Group Ltd, to property investors aAIM and R20, for £180m. This exit combined with the sale of the Salcombe Hotel in the summer of this year, takes the total exit...
FRANCE - Faust Pharmaceuticals receives first tranche of its third round of funding
Strasbourg-based Faust Pharmaceuticals has received EUR 8.2m from its historical investors Sofinnova Partners, Auriga Partners, Siparex Ventures, Edmond de Rothschild Investment Partners, AGF Private Equity, CDC Entreprises and FCJE. This is the first...
PORTUGAL - PME Investimentos backs GADSA
Document management company GADSA – Arquivo e Deposito has received backing from PME Investimentos in a first round of funding worth EUR 750,000, 50% of which is equity and 50% debt. In return, the Lisbon–based private equity firm is taking a 37.5%...
GERMANY - TVM Capital exits TravelTainment to Amadeus
TVM Capital has exited its stake in TravelTainment, Aachen, to Amadeus, a global provider of travel and tourism solutions. TVM has backed the company since 2000, when it invested in a series-A financing alongside SWAN Private Equity and tbg. Amadeus was...
ITALY - Strategia Italia invests in Microcinema
Audiovisual distributor Microcinema Srl received EUR 1.2m of funding from a consortium led by Strategia Italia. The Turin-based company will seek to introduce digital cinema to the Italian market. Microcinema plans to distribute audiovisual contents,...
FRANCE - EdRIP and Initiative & Finance back MBI of medical supplier
Edmond de Rothschild Investment Partners (EdRIP) and Initiative & Finance (I&F) have backed the management buy-in of Laboratoires Filorga. EdRIP provided 60% of the equity, while I&F contributed 40%. The two sponsors took a majority stake, whilst the...
UK - YFM invests £250,000 in International School for Security and Explosives Education
The International School for Security and Explosives Education (ISSEE), a company which provides counter-terrorism training to businesses and organisations across the world has secured £250,000 from the South West Ventures Fund, run by YFM.
SWITZERLAND - Partners Group Secondary holds final close on EUR 1bn
Swiss-based alternative asset manager Partners Group has held a final close for its Partners Group Secondary Fund at EUR 1bn. Partners Group Secondary 2006 will make secondary investments in the US, Europe and Asia.
GERMANY - HBM BioVentures/ BioCapital leads series-C mtm investment
A consortium of investors has led a series-C financing of mtm laboratories. The round will enable the company to fund the clinical development and commercialisation of its proprietary diagnostic and screening devices in the field of cervical cancer. mtm...
BULGARIA - DLA Piper opens Sofia office
DLA Piper has announced the opening of a new office in Sofia to strengthen the presence of its 11 other offices in Central and Eastern Europe and the Commonwealth Independent States. The Sofia office will initially advise clients with a team of seven...
UK - Octopus leads MBO of Audio Visual Machines
Octopus has undetaken the management buyout of Audio Visual Machines (AVM) from Parkmead Group Plc. Octopus financed the deal and will hold a minority equity share in the business.
UK - Cinven offer for listed Pizza Express and ASK
Cinven has submitted its official offer for Gondola Holdings Plc, the name behind the Pizza Express and ASK restaurant chains through its acquisition vehicle Paternoster Acquisitions Ltd. The 415p per share offer values the share capital of Gondola at...