Deals
The European Investment Fund (EIF) and the Small and Medium Enterprises Development Organisation of Turkey (KOSGEB) have joined forces to establish a new fund of funds initiative to stimulate growth and innovation in Turkey.
Both institutions have committed up to EUR60m each with a target size of EUR250m at final closing as it is expected that other local partners will join the initiative.
The Turkish Growth and Innovation Fund of Funds succeeds the Istanbul Venture Capital Initiative (iVCi), Turkey’s first fund of funds which was launched in 2007 and is now fully committed. The new fund will be
The EBRD has committed up to EUR20m to the Capital North Africa Venture Fund II (CNAV II), the first independent and Maghreb-focused fund to be raised by Capital Invest.
The investment is the first time in the southern and eastern Mediterranean (SEMED) region the EBRD is supporting a Morocco-based fund manager to set a benchmark for local fund managers to become independent and regional.
CNAV II, which just achieved a first closing of up to EUR80m (target fund size EUR100m), will focus on providing equity and quasi-equity financing to support the expansion of small and medium-sized enterprises
Private equity firm Doughty Hanson has sold Vue Entertainment, an operator of multiplex cinemas, to OMERS Private Equity and Alberta Investment Management Corporation (AIMCo) for a total of GBP935m.
The transaction is expected to close by late July/August 2013.
Vue Entertainment was acquired in December 2010 for GBP450m. In the period of ownership, Vue has been transformed from the third largest operator in the UK into a pan-European market leader and one of the largest cinema operators in the world. It has doubled the number of cinemas under its ownership from 70 to 146 and the number of
Agilitas, a pan-European mid-market private equity firm, has made its maiden investment with the management buyout of ISS Damage Control (ISS DC) from ISS Group.
The consideration for the acquisition is not being disclosed.
ISS DC was established in 1983 and provides 24/7 damage control, rebuilding and emergency response services for fire and flood damage in Scandinavian commercial, industrial and residential properties, from its 54 branch offices situated across Norway, Denmark and Finland. In 2012 the business had a turnover of DKK850m and is the market leader in Norway and number two in Denmark.
Following the MBO,
Emerging markets private equity firm Actis has committed USD290m for a 60 per cent stake in Aela Energía, a renewable energy development set to become Chile’s largest wind and solar energy provider.
Actis is investing alongside Mainstream Renewable Power, a wind and solar developer, which will own 40 per cent of the asset. The total value of the project is USD1.4bn including debt.
Aela Energía will increase the country’s renewable energy capacity by 3.6 per cent, providing enough clean energy to power more than 131,000 homes.
With GDP growth running at around six per cent a year,
HIG Europe has completed the sale of its portfolio company Anvis Group to Tokai Rubber Industries (TRI). HIG Europe is the European arm of global private equity company HIG Capital.
Anvis, which is headquartered in Steinau an der Straße, Germany, is a provider of critical, highly engineered anti-vibration products that are primarily used in the automobile industry where they improve the dynamic handling, comfort and road safety of vehicles. In 2010, HIG Europe acquired the company and joined forces with the incumbent chief executive Olaf Hahn to carry out a systematic process of advancement. This team succeeded in increasing the annual
AT Internet has raised EUR6.25m from its long-term financial investor iXO Private Equity (EUR3.5m) and a new associate, Omnes Capital, formerly Crédit Agricole Private Equity (EUR2.75m).
The investment will allow the group to accelerate its development by continuing its efforts in R&D and by consolidating its international presence. The digital analytics solution provider, based in Bordeaux, France, is preparing to strengthen its sales and marketing teams, as well as its technical infrastructure outside of Europe.
This capital increase is the third of its kind in AT Internet’s history and is part of a series of promising financial results
Clearwater Corporate Finance’s industrials team has advised shareholders at Rimor, a supplier to the sub-sea oil and gas industry, on the multi-million sale to its management backed by LDC, the mid-market private equity firm.
The company, based in Denmead, Hampshire, employs 123 staff and specialises in the supply of complex, high-precision components, technical fabrications and complete assemblies, predominately to the capital equipment sub-sea, deep water oil and gas market.
Partner Jon Hustler and assistant director Mark Day from the Birmingham office of Clearwater advised shareholders of Rimor on the transaction.
Hustler says: “Rimor’s unique capabilities, highly-skilled workforce and
youAPPi has secured USD1m in funding from Glilot Capital Partners, an Israeli-based early stage venture capital firm.
Founded in late 2011, youAPPi resolves the most critical and urgent problem within the mobile eco-system, identifying, matching and connecting the best mobile applications to the most relevant users. youAPPi provides a fully managed mobile application recommendation platform which drives publisher’s revenue and increases mobile users’ engagement.
Glilot is also opening up its professional network and experience to youAPPi, which will augment its investment in the company’s growth. The raised capital will specifically be used to extend youAPPi’s matching and mobile
BaltCap has signed a EUR1.5m investment in PostService Group, a Latvian private postal operator and developer of automated last mile delivery solutions.
PostService Group is the largest privately-owned postal operator in Latvia and the market leader of unaddressed mail. With forty “Mana Pasta Stacija” parcel delivery and shipment terminals in all largest cities, PostService Group is the leading operator of automated parcel delivery and shipment terminals. In addition, the group develops and exports automated parcel terminals to satisfy the needs of other postal operators and courier companies as well as companies from other industries where parcel deliveries are crucial.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
