Deal Round-up 14/01/02

CapMan invests in recruitment firm; Gimv makes E16m capital gain; Quest Capital buys into retail manufacturer.

CapMan invests in recruitment firm

Finnish VC CapMan has injected more than E30m into Extra Personnel Services, a recruitment company. Extra is the market leader in staffing services in Finland with a market share of around 20 per cent.

CapMan focuses on the mid-sized buyout market, but also invests in technology, telecommunications and media. The firm today manages more than E1168m in 12 funds. To date the company has invested in around 80 companies across Europe. It also has investments in 21 European funds through its affiliate company Access Capital Partners.

Gimv makes E16m capital gain

Gimv, the Belgian private equity firm, has sold its 40 per cent stake in the Essers Group, a transport and logistics service provider, back to the Essers family for a capital gain of E16m.

Gimv invests in information and communication technology, biotechnology companies and companies from more traditional sectors in Belgium and abroad.

Quest Capital buys into retail manufacturer

Quest Capital, an Austrian private equity firm, has bought a 37 per cent stake in Brüder Siegel from two private investors one of which is BayBG. Siegel is Europe’s third largest manufacturer of shopping trolleys, shop-fitting equipment and customer guidance systems for the retail trade.

Quest Capital focuses on small to medium-sized companies in Germany, Austria, Switzerland and Northern Italy, acting as principal investor and advisor to smaller buyouts.