Buyouts
Alcuin takes a bite out of Krispy Kreme
Alcuin Capital Partners has backed the ТЃ25m management buyout of doughnut retailer Krispy Kreme UK.
Edmond de Rothschild offloads PE unit in MBO
La Compagnie Financière Edmond de Rothschild (LCFR) has sold its majority stake in the bank's funds-of-funds unit, Edmond de Rothschild Private Equity Select (Select), to Select's management.
Perceva Capital acquires 70% of Mariteam
Perceva Capital has acquired a 70% stake in French seafood specialist Mariteam.
Equistone leads Unither MBO
Equistone Partners (formerly Barclays Private Equity) has backed the secondary MBO of French pharmaceutical company Unither from ING Parcom, CM-CIC Investissement and Picardie Investissement.
Chequers Capital acquires Cordenka
Chequers Capital has acquired Cordenka group from private equity house CVC, chemical producer Akzo Nobel and Acordis-Management.
Penta Capital backs Six Degrees Group
Penta Capital has invested ТЃ60m in cloud service provider Six Degrees Group.
Gimv buys Walkro International
Gimv has acquired Walkro International, together with Monaghan Mushrooms, for an undisclosed amount from Bencis Capital Partners.
Primary buyouts resilient in Q3
Although market conditions remain difficult for private equity transactions across the spectrum, primary LBOs seem to have fared better than SBOs in the third quarter. Greg Gille reports
Orange Switzerland sale underway
France Telecom has launched the sale of its Swiss unit Orange Switzerland, reportedly attracting a number of private equity investors.
Deal volume and value plummets in third quarter
Deal activity levels fell by more than a third in Q3 2011 due to ongoing fears regarding the European debt crisis, according to the latest unquoteт Private Equity Barometer, in association with Arle Capital Partners.
August backs Advanced Vetcare-Rowe buy-and-build
August Equity has invested in a buy-and-build platform with veterinary services businesses Advanced Vetcare and Rowe Veterinary Group to merge. The Enterprise Value of the deal was around ТЃ35m.
Gimv invests in Trustteam
Gimv has taken a majority stake in ICT service provider Trustteam.
Elysian backs Tekmar Energy MBO
Elysian Capital has backed the MBO of UK-based offshore wind industry supplier Tekmar Energy from its parent group Tekmar.
Sentica takes majority stake in Puuilo
Sentica has acquired a 55% stake in Finnish family-owned do-it-yourself retail chain Puuilo.
2011 to see €59bn by year-end – updated unquote" forecast
After a promising start, buyout activity in Europe might slow down even further in the fourth quarter of 2011, and risks falling behind last year’s levels. Anneken Tappe reports
Augur Capital to buy Ageas' German life insurance division
Augur Capital has signed an agreement to buy the German life insurance business from Belgian insurer Ageas Insurance International NV.
Mid-cap valuations back to pre-crisis levels
The mini-boom witnessed in the first half of this year was largely driven by a rush to put money to work – but it has left its mark on valuations, with PE paying more than corporates for assets. Greg Gille reports
H2 acquires Unipart Automotive
H2 Equity Partners has acquired a majority stake in British spare parts distribution business Unipart Automotive for an undisclosed amount.
CapMan backs Walki acquisition of Meuwissen
CapManтs portfolio company Walki Group has acquired Dutch packaging materials producer Meuwissen Industrie and construction materials distributor Meuwissen Bouwprodukten from family-owned Meuwissen Holding.
Lyceum Capital buys Adapt for £30m
Lyceum Capital has acquired IT service provider Adapt for ТЃ30m.
UK watch: Mixed feelings in Q3
In line with current public market activity, figures in the latest unquote" UK Watch, in association with Corbett Keeling, also paint a mixed picture.
Sentica backs Descom acquisition of Konehuone
Sentica's portfolio company Descom has acquired server and data storage provider Konehuone with the intention to merge.
Electra buys LDC-backed Davies Group for £60m
Electra Partners has acquired claims management specialist Davies Group from LDC for ТЃ60m.
Dearth of mega buyouts in Germany
While France, the UK, Sweden and Italy have completed multiple deals over the €1bn mark in 2011, Germany is lagging behind. Susannah Birkwood finds out why