News
FRANCE - BPE acquires Sogetrel for EUR 90.3m
ABN AMRO Capital and BBS Capital have agreed to sell Sogetrel to management and Barclays Private Equity France for an enterprise value of EUR 90.3m, subject to regulatory approval.
FINLAND - CapMan records rise in profits
CapMan has released its financial statement for 2005 and reports on a EUR 1m increase in operating profits.
UK - More private equity firms eye Ladbrokes
Hilton, the hotels and betting group, has received several approaches for its Ladbrokes bookmaking arm, the FT has reported.
FRANCE - Auriga Partners appoints Jacques Mallet
Auriga Partners has announced the arrival of Jacques Mallet, who has joined the team as a partner in its life sciences division. Mallet has 12 years experience in strategy consulting for the pharmaceutical industry, which he gained at Monitor Group and...
FINLAND - Kaisa Arovaara appointed as deputy CFO of CapMan
Kaisa Arovaara has been appointed deputy CFO of CapMan Plc as of 9 January 2006.
UK - Viking Fund makes intelligent investment
Yorkshire-based venture capital company Viking Fund has invested in Intelligentsia, a Sheffield software firm. Viking Fund has invested around £100,000 in Intelligentsia, alongside £60,000 from four members of the Viking Club – a group of high net...
UK - Gresham exits Altair
Gresham has announced that it has successfully exited Altair through the sale of the business to GE Energy.
Minerva Capital acquires Indiba
Minerva Capital, the Spanish private equity funds advisor, has acquired 80% of Indiba, a developer of electro-medical equipment with an enterprise value of EUR 20m. The management team has also taken a 10% shareholding with an option to buy the remaining...
LDC in £37.3m funding deal with ANC Group
The management team of the independently-owned express parcel carrier company, ANC Group, has completed a £37.3m new funding arrangement with the backing of LDC. Backed by LDC and led by ANC Group CEO Mark Gittins, the current management team has bought...
Top Lovells duo leaves for Weil Gotshal
Marco Compagnoni and Jonathan Wood will be joining the London office of Weil, Gotshal & Manges as partners in the firm's Global Private Equity Group.
Barclays Private Equity France leads purchase of Amstutz Levin
Barclays Private Equity has led the purchase of Amstutz Levin, located near Belfort (Alsace, France) for an undisclosed amount. The company with a turnover of about EUR 40m is a leading designer and manufacturer of small metal components for the French...
Alchemy exits Alcentra Group
The Alchemy Investment Plan has announced the completion of the sale of Alcentra Group to The Bank of New York. The exit has enabled Alchemy to return 3.8x to investors and generate an IRR of 57%.
ReceptIcon secures DKK 31m of venture funding
ReceptIcon has received DKK 31m from Dansk Erhversinvestering, INCUBA Venture, VECATA A/S, InnovationsKapital and Oestjysk Innovation.
B.P. Marsh & Partners admission to AIM
B.P. Marsh & Partners Plc, a niche venture capital provider to early stage financial services businesses, has announced that trading in the company’s shares will commence today on the AIM market of the London Stock Exchange.
Ventizz Capital Partners backs CardFactory AG
Ventizz Capital Fund II LP, advised by Ventizz Capital Partners, has acquired a minority stake in CardFactory AG. The stake was acquired from a consortium of business angels led by Dr Cornelius Boersch and Friedrich von Diest.
ISIS sells Language Line for £25m
ISIS Equity Partners has announced the sale of Language Line to Language Line Inc for £25m. Language Line is a UK provider of telephone interpretation services. ISIS invested in Language Line in August 2003 leading a £15m secondary buyout from ECI....
Charterhouse to exit Lucite
Charterhouse intends to exit its investment in Lucite. The private equity house recently mandated Deutsche Bank to handle the sale after receiving unsolicited approaches from trade buyers. The possible value of a sale has been estimated at £1.4bn, with...
Cuatrecasas to open London office
The Spanish law firm Cuatrecasas has announced plans to open a new office in London in line with the firm’s strategy of international expansion. Cuatrecasas London will have experts in Spanish and Portuguese business law from its offices in Spain and...
MPS Venture acquires 40% of Eulip
MPS Venture SGR SpA has acquired a 40% stake in the specialist oil producer Eulip Srl for an undisclosed amount. Other private investors hold the remaining 60%.
Permira in $765m US deal
Permira has announced that a new holding company advised by Permira funds has signed a definitive agreement to acquire Aearo Technologies Inc., one of the world’s leading designers, manufacturers and marketers of a broad range of personal protective...
Candover appoints new partner in Paris
Candover has announced the appointment of Bertrand Finet as a partner in its Paris office.
Granville Baird backs buyout of Paddock Fabrications
Granville Baird Capital Partners (GBCP) has backed the management buyout of Paddock Fabrications Ltd from private vendors. The £8.9m investment is the second UK transaction from GBCP’s 7th Fund and was supported by a debt package provided by Royal...
DxO Labs receives EUR 10.6m from VC syndicate
DxO Labs, a French software company developing advanced image processing technologies for the mobile imaging industry and other digital consumer imaging markets, has announced the closing of a EUR 10.6m round of funding. Apax Partners France led the new...
Clave Mayor completes MBI of Beal Trading
Funds managed by the Spanish private equity firm Clave Mayor have acquired a 70% majority stake in Beal Trading. The total value of the transaction has not been disclosed.