News
BELGIUM - KBC and Net Fund Europe sell Club
KBC Private Equity, Net Fund Europe and several private shareholders have concluded an agreement with Distripar on the sale of their entire stake in Club SA, valuing Club at EUR 21m. The transaction is still subject to certain conditions, including the...
GERMANY - BSN Medical buyout approved by EU
The sale of BSN medical GmbH & Co. KG, based in Hamburg by Beiersdorf AG and Smith & Nephew Plc to Montagu Private Equity has been completed after the approval of the EU commission. In December 2005, Montagu signed a contract subject to merger clearance...
SPAIN - Talde and Highgrowth take majority stake in Teytel Group
The venture capital groups Talde and Highgrowth Partners have together acquired a majority stake in Teytel group, a producer of infrastructure solutions in the telecommunications sector. The total value of the investment has not been disclosed.
NORWAY - Epcon sold to M-I Swaco
3i has sold its stake in Epcon Offshore AS, the leading provider of produced water treatment systems for the oil & gas industry, to M-I Swaco.
FRANCE - Heinz sells seafood business to Lehman Brothers
Heinz has signed a definitive agreement to sell its European Seafood business to Lehman Brothers Merchant Banking for EUR 425m. The transaction is subject to customary EU competition review and approval. Pending regulatory approval, Heinz expects to complete...
SPAIN - Highgrowth forms partnership with French ICSO
Highgrowth, the management company of the private equity fund Fonsinnocat, has signed an agreement with the French fund ICSO Gestion to invest in small-to-medium sized companies in Catalonia and the south-east of France. ICSO Gestion, based in Toulouse...
PORTUGAL - KPMG acquires Change Partners Corporate Finance
Lisbon-based Change Partners Corporate Finance has recently been acquired by KPMG and fully integrated into the firm's international network.
UK - No mystery behind Chorion buyout
According to press reports, 3i has offered 425p per share to acquire Chorion, the owner of the rights of authors including Agatha Christie and Enid Blyton, in a deal valued at £110.7m, excluding around £20m of debt. The price is a 23.2% premium to the...
UK - Kingston Smith sponsors Venture Index
The Venture Index today announced that top twenty Chartered Accountants Kingston Smith has agreed to sponsor the Index from February 2006. Kingston Smith specialises in advising entrepreneurial businesses through all stages of their development and growth.
GERMANY - Cipio promotes Dennert to partner
Roland Dennert has been promoted to partner of Cipio Partners in Munich. Cipio managing partner, Werner Dreesbach, said: 'Roland has successfully managed a number of our European and Israeli investments and made major contributions to the development...
UK - Sigma announces two new investments
Sigma Technology Group Plc has unveiled two new investments: Nandi Proteins Ltd and Exterity Ltd. Both of these investments are made through the Sigma Technology Venture Fund, a fund that is managed by Sigma.
GERMANY - All change at top fashion house
Change Capital Partners, the private equity firm specialising in branded goods and retail, and the Prada Group have announced that Change Capital Partners is to acquire the Jil Sander Group.
UK - Venture capital investment competition at London Business School
Doughty Hanson Technology Ventures is sponsoring the Venture Capital Investment Competition (VCIC) at London Business School.
UK - Bestport Ventures invests in Mfuse Ltd
London-based Bestport Ventures has invested £650,000 in Mfuse Ltd, a leading provider of mobile gambling and gaming software platforms.
SPAIN - EIF and CDTI launch new investment programme
The EIF (European Investment Fund) and CDTI (Centro para el Desarrollo Tecnológico Industrial) have today announced the launch of a new type of investment mandate. The programme is the culmination of over a year of collaboration between CDTI and the...
FRANCE - European Capital invests in Tokheim buyout
European Capital, S.A. SICAR has announced today it has invested EUR 14m in the mezzanine and second lien facilities of Tokheim SAS, the leading European supplier of retail fuel systems. European Capital’s investment represents a share of the mezzanine...
SWEDEN - IK sells Oriflame shares for SEK 587m
The Industri Kapital 1997 fund has today sold 4.2% of the total number of shares and votes in Oriflame for SEK 587.5m.
GERMANY - Winter arrives in Frankfurt
Private equity lawyer Jochen Winter, whose clients include Fortress Investment Group and CVC Capital Partners, has left Linklaters to join the Frankfurt office of Willkie Farr & Gallagher.
ESTONIA - MartinsonTrigon launches TVCorp for international TV projects
MartinsonTrigon, the Baltic venture capital fund, has agreed to invest EUR 1.4m into OÜ TVCorp, a holding company which will be involved in various international TV projects.
DENMARK - IK porfolio firm buys Zealand Care
Industri Kapital-owned mobility aids provider Welzorg has signed an agreement to acquire Danish market leader Zealand Care A/S from Sahva A/S, a Danish group active in orthopedics. This is Welzorg’s first major step in its internationalization and the...
UK - LDC recruits in the Midlands
LDC has strengthened its team in the Midlands with the appointment of Tim Newman as business development director.
GERMANY - HarbourVest and AlpInvest complete German secondary deal
HarbourVest Partners and AlpInvest Partners have announced the completion of a secondary transaction involving the establishment of a new fund, Paragon Partners Secondary LP. As a result of the transaction, Paragon Partners acquired an existing portfolio...
SWEDEN - Oracle buys VC-backed HotSip
Oracle Corporation has entered into an agreement to acquire Swedish HotSip AB, which is backed by 3i, Argnor Wireless Ventures, GO Capital and Ledstiernan.
UK - Interregnum share placing and acquisition
Further to obtaining shareholder approval to all of the resolutions proposed at the extraordinary general meeting on Tuesday 21 February, the board of Interregnum has announced that it has raised a total of £10m (before expenses) via a placing of 151,515,152...