Munich-based industrial holding company Adcuram Group has acquired 98.57 per cent of luxury kitchen manufacturer Poggenpohl Möbelwerke, based in Herford (Northrhine-Westfalia). The transaction with the previous majority shareholder, Swedish-listed Nobia, which was signed on 19 December 2016, is still subject to customary regulatory approval.   Poggenpohl, known for its Porsche-Design products, generates annual revenues of around EUR110 million and employs 500 staff. The origins of Poggenpohl date back to 1892 when the company was founded as Germany’s first kitchen brand. Since 2000 Poggenpohl has been majority-owned by Swedish listed corporate Nobia.    “With Poggenpohl, we acquire one of the globally

Stirling Square Capital Partners, a pan-European mid-market private equity firm, has acquired AD Industrie, a French manufacturer of complex, critical sub-assemblies and components for the aerospace, defence and energy markets. AD Industrie was acquired for an undisclosed amount from majority owner Ingefin (a family holding company), and minority investors BPI France and GE Capital.   AD Industrie is headquartered in Paris and generates revenues in excess of EUR200 million. It employs more than 1,500 people across manufacturing facilities in France, Tunisia, and Morocco.   Since its creation in 2004, AD Industrie has developed unique capabilities in machining, sheet metal work,

Volution Group, a supplier of ventilation products to the residential and commercial construction markets, has acquired the entire share capital of Breathing Buildings. The deal provides an exit for the company’s previous backers including MMC Ventures.   Breathing Buildings is based in Cambridge, UK and was formed in 2006 by Dr Shaun Fitzgerald from a collaboration between Cambridge University and Massachusetts Institute of Technology.   Since then, Breathing Buildings has developed its own hybrid ventilation technology niche for the UK commercial ventilation market and is now a UK market leading designer, manufacturer and supplier of energy efficient, intelligently controlled natural

Affiliates of Xura, a provider of digital communications services, are to acquire Mitel Mobility, a division of Mitel Networks and Ranzure Networks. Mitel Mobile, formerly Mavenir Systems, is a provider of Voice-over-Long-Term Evolution (VoLTE), Voice-over-WiFi (VoWiFi), video, Rich Communication Services (RCS), messaging, radio access and packet core solutions.   Ranzure, founded by former Mavenir Systems CEO Pardeep Kohli, is an early-stage venture focused on developing 5G Cloud Radio Access Network (RAN) technology.   The Xura board of directors has appointed Pardeep Kohli, formerly CEO of Mitel Mobile’s predecessor Mavenir Systems and co-founder and CEO of Ranzure Networks, to succeed Philippe

LPA, in association with Toullec Solicitors, has advised Bluecom Group, an e-commerce solutions provider in Asia-Pacific, on the sale of 100 per cent of its share capital to Dentsu Aegis Network, a provider of media, digital and creative communications services. Established in 2012, Bluecom specialises in designing and implementing e-commerce consulting, platforms and solutions of multi-channel online stores for medium to large, international, B2B and B2C companies across Asia Pacific.   With regional offices in Hong Kong, Shanghai, Singapore and Ho Chi Minh City, Bluecom has clients in Greater China, Japan, South Korea, Southeast Asia and Australia/New Zealand.   Bluecom