French private equity firm NiXEN is to to acquire a controlling interest in Babeau Seguin Group, a builder of single-family detached homes. Management is making a substantial re-investment in the business alongside historical financial partners Siparex (lead financier of the previous transaction), CM-CIC, Carvest and Somfy Participations. Pechel and Avenir Entreprises will also support the […]
The European Investment Bank (EIB) has granted Iberdrola a loan of 200 million euros ($267.4 million) to modernise its electricity distribution grid. The agreement was signed by EIB Vice-President Magdalena Álvarez Arza and Iberdrola’s Chairman Ignacio Sánchez Galán. The EIB loan will support Iberdrola’s 2011 investment programme in its domestic grid to include the construction […]
European private equity firm Cinven has acquired Guardian Financial Services, a UK-based closed book of life and pensions business. Cinven reached agreement to acquire Guardian from AEGON in August 2011 for an enterprise value of 275 million pounds ($427.2 million). PRESS RELEASE European private equity firm, Cinven, today announces the completion of its acquisition of […]
Software developer Comverse Technology has been approached by bidders interested in its core division, sources close to the matter said to Reuters. Comverse Technology has been sharing financial information with prospective parties, including large global technology companies, for its telecommunications billing software unit, Comverse Network Systems, wrote Reuters. (Reuters) – Comverse Technology Inc (CMVT.O), a […]
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Hughes Associates, which is backed by Huron Capital Partners, has acquired Edan Engineering Corp. Financial terms weren't announced. Vancouver, Wash.-based Edan Engineering specializes in electrical systems analysis, evaluation, testing, and research.
Private equity benchmarking is a subject of debate for fund managers not only in terms of benchmarking the investments they make, but also in terms of benchmarking themselves in the industry so that they can prove themselves and their track record to their investors. I moderated a panel at the Superinvestor conference held in Paris on Nov. 15 […]
Wyse Technology, which is backed by Garnett & Helfrich, has bought Trellia. Financial terms weren't disclosed. Trellia, of Montreal, provides cloud-based mobile infrastructure management.
European mid-market private equity fund Oakley Capital Private Equity‘s listed vehicle Oakley Capital Investments Limited is to acquire a 51% stake in intergenia AG, a German-based web hosting company providing managed, dedicated and cloud hosting. As part of the transaction the company will be providing 10 million euros ($13.38 million) of senior financing and the […]
Nomura has started talks to sell domestic businesses including its real estate arm, the Financial Times reported, writes Reuters. Nomura is considering the sale of Nomura Real Estate Holdings and its consulting arm, Nomura Research Institute, the newspaper said on Tuesday, and is in preliminary talks with private equity buyers, writes Reuters. (Reuters) – Nomura […]