Buyouts
Causeway Capital buys Patisserie Valerie out of administration
Patisserie Holdings plc sold Patisserie Valerie and a smaller subsidiary for a combined £13m
Astorg inks first US deal with Anaqua
GP uses Astorg VII, closed last month on €4bn, to acquire a stake in software developer Anaqua
CM-CIC, BPI France back Hardis Group MBO
Up to 30 managers, led by Nicolas Odet and Yvan Coutaz, acquire stakes in Hardis
QuattroR backs Trussardi
QuattroR invests via its €711m fund, which targets companies in temporary financial distress
BluGem sells DMC Group to Lion Capital
Sale ends a three-year holding period for BlueGem, which bought the company via its €370m second fund
True rescues portfolio company TyresOnTheDrive
GP previously invested in the tyre e-commerce business, which entered administration in January
Bowmark close to £100m take-private of Tax Systems
Offer represents a premium of 20.3% on the average 91.4 pence per share in the past 12 months
Star Capital acquires ASL Aviation Holdings
Star Capital plans to wholly acquire ASL, which has been profitable every year since inception
RCapital backs AirHop MBO
Trampoline parks operator is to open five new sites in Germany and two in the UK
Alantra backs Frías Nutrición
GP is investing from Alantra Private Equity Fund III, which held a €450m final close in 2017
Panoramic backs management buy-in of PCS
GP is currently investing from its second fund, which writes equity cheques of £1-5m
US healthcare funds buy Moberg Pharma's OTC business for $155m
Purchase price represents a 14.1x entry multiple for the investors and is 3.3x the group’s revenues
Azulis buys Helios Group in SBO
GP invests in Helios, a construction and road marking specialist, via Middle Market Fund V
Value Enhancement Partners buys Frimex in SBO
Frimex was acquired by Mentha Capital in 2014 in a carve-out from Dutch firm TBI
Ardian buys Celli from Consilium
Sale ends a six-year holding period for Consilium, which controlled a 70% stake in Celli
Summa buys Infobric
Management team is reinvesting for a minority stake in the business alongside Summa
Palatine backs management buyout of SMP Partners
Isle of Man-based financial advisory business will pursue an acquisitive growth strategy
KKR backs Söderberg & Partners in $1bn deal
Buyout is being structured with a low level of leverage due to the preference of the family owners
Gyrus signs first deal with DowDuPont carve-out
Just four months after being launched, Gyrus Capital has signed the complex carve-out of DuPont Sustainable Solutions
Ardian, BPI France sell Ouvêo
Ardian had owned the France-based manufacturer of windows and other joinery since 2012
Baltisse buys House of Talents from Sofindev
Recruitment company House of Talents tripled its revenues under Sofindev's ownership
Connexio acquires Rosenberger Restaurant
Rosenberger Restaurant went into a restructuring process in December 2018 and one site has closed
CBPE acquires Simbec-Orion
GP acquires the life sciences research firm from Wales Life Sciences Investment Fund
Augens, BMO buy Impresa San Siro
GPs plan to create a pool of companies with a leadership position in the funeral services sector