News
UK - Trish Geery joins Benson Elliot as new partner.
Benson Elliot Capital Management has today announced that it has appointed Trish Geery, as a partner in the firm. She will be joining from the Dubai Investment Group (DIG) where she has been managing director and head of global real estate since 2004....
ICELAND - Anders H. Rønningen leaves Advokatfirmaet Selmer
From 1st October 2006, Anders H. Rønningen, 34, will join Glintir Securities Corporate as new director to develop a strong corporate unit. He will be coming from the Norwegian law firm Selmer, where, since 2002, he developed the business area strategy...
NL- Apax Partners courts Endemol
Apax Partners is thought to be considering a possible EUR 1bn for Dutch quoted company Endemol. The private equity firm, which failed to purchase ITV earlier this year, could set up a consortium to buy Telefonica’s stake in Endemol.
SWEDEN - Q-Park acquires Carpark from Bridgepoint
Q-Park, the European cap parking company, has acquired the Swedish parking firm CP Group AB (also called Carpark) from Bridgepoint for an undisclosed sum. Carpark, founded in 1959 is a leading car park operator in the Nordic region, this acquisition will...
BELGIUM - Clear2Pay receives EUR 15.7m third round investment
Clear2Pay has announced that it has received a EUR 15.7m third round investment which was led by AGF Private Equity, with new investor GIMV as a co-lead. The existing investors, Intel, QuestforGrowth, TrustCapital Management and Big Bang Ventures also...
UK - Gresham backs MBO of Swift Technical Group
Gresham has backed the management buyout of Swift Technical Group, the market leader in global recruitment and relocation focused on the oil and gas sector.
DENMARK - Powermill Service Group announces two acquisitions in Denmark
Powermill Service Group, repairer of home electronics and owned by Segulah, has acquired two service businesses, Danske Teknik Centre and Merlin. Both the companies are based in Denmark and were acquired separately.
SPAIN - Madrigal Participaciones buys El Arbol from CVC
Madrigal Participaciones has recently agreed to buy 80% the supermarket chain El Arbol, from the private equity firm CVC in a transaction worth approximately EUR 54m. The company’s general manager, Juan Pascual, will retain the remaining 20% shareholding.
FRANCE - OTC AM injects EUR 1.2 in Supertec
OTC Asset Management has completed a EUR 1.2m first round of financing in Supertec.
UK - Permira fended off as AGH Venice ups bid for De Vere
AGH Venice, the bidding vehicle formed by Marylebone Warwick Balfour Hotel directors and HBOS's Uberior Ventures has increased its offer for UK hotelier and health club operator De Vere Group.
FRANCE - EUR 8.5m backing for dietary food maker
Creadev, the investment fund of the Mulliez family, has led a EUR 8.5m second round of financing in Ceprodi-Kot. The fund invested EUR 6.5m alongside previous investors H2i, OTC Asset Management (OTC AM) and MaceInvest.
AUSTRIA - AVCO to appoint new chairman
According to an article in Austrian Venture Capital newsletter Venturewoche, Thomas Jud has announced that he will resign from the post of chairman of the Austrian Venture Capital Association before the end of the year.
SWITZERLAND - Adveq appoints Philippe Bucher as chief financial officer
Adveq has announced the appointment of their current head of finance, Philippe Bucher, as chief financial officer and executive director.
UK - Barclays Ventures backs MBO of portable accommodation hirers
Barclays Ventures has backed a £11m management buyout of Rollalong Hire from the Newman family. In the year to 31 December 2006 Rollalong Hire is expected to achieve an EBITDA of £2.5m. The deal was entirely funded by Barclays Ventures and having secured...
FRANCE - Benjamin Moreau joins Activa Capital
Paris-based Activa Capital has announced the appointment of Benjamin Moreau as investment analyst.
GERMANY - Blackstone plans Deutsche Telekom takeover
According to press reports, the US private equity group, Blackstone is planning to raise a EUR 60bn fund by the end of 2006 in order to launch a full takeover bid for Deutsche Telekom by the beginning of 2007. This takeover would reduce KfW’s stake...
UK - Healthcare due diligence specialists join KPMG
Three experienced commercial due diligence specialists have joined KPMG to strengthen its healthcare advisory service to the private sector. The appointments mean that KPMG’s traditional offering will now be complemented with a team offering commercial...
SWEDEN - ABN AMRO plans buy-and-build strategy as Loparex acquires Douglas-Hanson
ABN AMRO Capital has announced that its portfolio company Loparex will acquire Douglas-Hanson, a leading supplier of film and paper-based release liners.
UK - PwC appoints new head of corporate finance
PricewaterhouseCoopers has named Neil Sutton as its new head of corporate finance. A partner since 1993, he will start in his new role from 1 July 2006. Sutton has most recently led the consumer sector focus in the UK. In the last four years, he has almost...
FINLAND - Manne Airaksinen to join Roschier Holmberg
Leading Finnish corporate law expert Manne Airaksinen is set to join Roschier Holmberg’s corporate advisory and disputes practice group this September. He is best known for his role in drafting the new Finnish Companies Act and will strengthen the corporate...
UK - Barclays Ventures makes 3.6x on sale of Enigma Holidays to ISIS
The sale of Enigma Holidays Ltd to ISIS represents an exit for Barclays Ventures. The £22m deal generated a money multiple of 3.6x for Barclays Ventures.
FRANCE - FPG-LFPI buys Brittany biscuit maker
Lazard's private equity fund managers FPG-LFPI have acquired 100% of Traou Mad.
UK - Setanta wins PGA golf tour coverage from BSkyB
The Irish broadcaster Setanta Sports has won the contract to screen the PGA golf tour for the next six years, displacing Sky. Earlier this year it paid EUR 571m for the rights to screen the Premiership from 2007, the PGA deal was significantly less costly,...
FRANCE - Chinese motorcycle importer gets EUR 400,000 backing
Sigma gestion, Champagne Ardenne Croissance (CAC) and Auxitex have injected EUR 400,000 in Sidam.