News
UK - Darlington wins Rainmaker award
Christopher Darlington of Hawkpoint Partners has won HgCapital’s Rainmaker of the Year award. During 2005 Darlington completed four deals.
SWITZERLAND - Partners Group launches IPO on SWX Swiss Exchange
Partners Group, the Swiss-based global alternative asset manager, today launches its initial public offering (IPO) on the SWX Swiss Exchange. The IPO of Partners Group serves the purpose of strengthening the firm’s foundation for long-term independence...
UK - Quadrate completes MBO
Quadrate, a data management software company and creator of innovative solutions that enable businesses to rapidly migrate data to and from SAP, facilitating efficient data management and reporting, has completed an MBO. Funding was raised from a2e Venture...
NORWAY - VC-backed Edvantage merges with Boxer Technologies and Kognita
The owners of Edvantage group and Reitangruppen, owner of Boxer Technology AS and Kognita ltd, have reached an agreement to merge the three companies.
UK - KCL rebrands as August Capital
Kleinwort Capital Ltd announced today that it will change its name to August Equity, effective immediately. Accompanying the name change is the release of a new company logo, which will begin appearing on the website (www.augustequity.com) and all company...
SWEDEN - Nordic Capital sells Guide to EDB
Nordic Capital Fund IV has entered into a binding agreement to sell Guide to EDB. The value of the deal has not been disclosed.
UK - Northern 2 VCT results show fall in NAV
NVM has recently released the preliminary results of Northern 2 VCT Plc for the year ending 31 January 2006. The reported net asset value per share fell slightly from last year’s figure of 91.0p (re-stated from 89.7p as a result of changes in accounting...
GERMANY - BayTech leads EUR 3.8m funding of abaXX
BayTech Venture Capital, the German early-stage venture capital firm, has led a EUR 3.8m funding round in financial services firm abaXX, a Stuttgart-based provider of business process management software for financial institutions.
GERMANY - Granville Baird sells Apptimum to Microsoft
Granville Baird has announced that it has sold its interest in software firm Apptimum Inc to Microsoft for an undisclosed sum.
GERMANY - SHS and tbg exit Novosis
SHS Gesellschaft für Beteiligungsmanagement mbH has sold its stake in Miesbach-based pharaceutical specialist Novosis to Swiss-listed Schweizerhall Holding AG. State financial investor tbg has also agreed to exit its stake by way of a staggered process...
AUSTRIA - Carlyle to buy UC4 Software
According to press reports Carlyle Group has agreed to buy a majority stake in UC4 Software from Capexit and and PONTIS Venture, which acquired an interest in the firm in 2004.
THE NETHERLANDS - ABN AMRO helps Bols return home in EUR 210m deal
ABN AMRO Capital, the private equity business of ABN AMRO, and Huub van Doorne, former Rémy Cointreau SA Group executive board director, have agreed the buyout of a selection of key liqueurs and spirits of French international drinks company Rémy Cointreau....
POLAND - Mid Europa completes Aster buyout
Mid Europa Partners, through its Emerging Europe Convergence Fund II, L.P., has completed the acquisition of Aster, a leading provider of media and communication services in Poland. The agreement to acquire Aster from Hicks Muse Tate & Furst was first...
UK - Carlyle to commit £750m to UK real estate
Carlyle is to set up its first UK-only real estate vehicle - with £750m spending power - despite fears from some domestic operators that high returns have become harder to achieve, according to the FT.
UK - Dunedin makes 6x money on Letts Filofax sale
Dunedin Capital Partners, the UK mid-market private equity house, has announced that Letts Filofax Group, the market leading supplier of personal organisers and diaries, has been sold to Phoenix Equity Partners for £45m.
FRANCE - Eurazeo agrees to buy Europcar for EUR 3bn
Eurazeo today announced it had reached a final agreement with Volkswagen AG regarding the acquisition of 100% of the capital of Europcar, the European car rental outfit, for EUR 3bn. The terms of this agreement have been approved by the management board...
FRANCE - Eurazeo agrees to buy Europcar for EUR 3bn
Eurazeo today announced it had reached a final agreement with Volkswagen AG regarding the acquisition of 100% of the capital of Europcar, the European car rental outfit, for EUR 3bn. The terms of this agreement have been approved by the management board...
UK - Promethean buys Data Locator Group for £23.5m
Promethean Investments LLP has announced the acquisition of the entire issued share capital of Data Locator Group Ltd by an acquisition vehicle, Data Locator Holdings Ltd, for £23.5m. Promethean provided the equity and subordinated debt funding totalling...
FINLAND/UK - VC-backed Ark Therapeutics announces preliminary results
Ark Therapeutics Group Plc has today announced its preliminary results for the year ended 31 December 2005. In 2005, it was awarded a EUR 2.2m grant by Finnish government to extend gene medicine manufacturing facilities. The company's highlights also...
UK - Rutland Trust reports 2005 results
The Rutland Trust has recently announced its results for 2005. The consolidated net asset value per share at 31 December 2005 was 62.2p (1 January 2005: 50.8p), based on net assets of £121.8m (1 January 2005: £99.6m). The consolidated results showed...
UK - Blackstone makes £205.4m offer for Center Parcs
Forest Bidco, the acquisition vehicle formed by Blackstone, has made a 80 pence-a-share offer for Center Parcs, the short break holiday village operator.
NORWAY - Altor's Simrad buys Lowrance Electronics
Altor 2003 Fund’s Simrad Yachting has acquired Lowrance Electronics in a public to private transaction from Nasdaq.
GERMANY - Financial investor tipped to acquire Tuja Holding
According to press reports the German arm of Barclays Private Equity has agreed to acquire German temping agency Tuja in a secondary transaction. The vendor, Odewald & Compagnie, acquired a majority stake in the company together with the management in...
GERMANY - Financial investors eye European forklift group
According to press reports the world's fifth largest specialist industrial gas supplier, Linde AG, is planning to sell its forklift division in order to focus on its core activities. The sale of Gabelstaplersparte, which is estimated to be valued at more...