Buyouts
Europe-wide PE investment to fall below €45bn in 2012
Following a lacklustre start to 2012, Europe should see year-end buyout investment levels barely hit the €40bn mark – the first glitch in an otherwise steady recovery since 2010. Greg Gille reports
EdRCP takes majority stake in EuroTechnoCom
Edmond de Rothschild Capital Partners (EdRCP) has acquired a majority stake in French telecoms maintenance equipment company EuroTechnoCom (ETC).
Encore acquires TSC
Encore Capital has acquired a majority stake in software company Technical Software Consultants (TSC).
EQT picks up Vertu from Nokia
EQT Partners has acquired luxury phone business Vertu from Nokia.
LDC acquires Metronet from YFM
LDC has completed the management buyout of UK-based internet service provider Metronet from YFM Equity Partners and Acceleris.
UFG et al. acquire KDL Test
UFG Private Equity, CapMan Russia and the European Bank of Reconstruction and Development (EBRD) have acquired Russian medical diagnostics company KDL Test.
Apax leads $1bn Paradigm buyout
Apax Partners and JMI Equity have agreed to acquire oil & gas software vendor Paradigm from US investment group Fox Paine for around $1bn.
Private companies rethink pricing
The recession has had little effect on company valuations, but now companies are becoming more realistic about their value, writes John Bakie
Next Wave acquires Molinare
Next Wave Partners has acquired UK post-production firm Molinare TV and Film Ltd.
OMERS PE acquires Lifeways from August Equity
The private equity branch of Canadian pension fund OMERS has acquired British healthcare services provider Lifeways from August Equity.
Minerva buys Genoclinics Biotech
Spanish venture capital firm Minerva Capital has acquired a 60% stake in genetic and genomic biotechnology company Genoclinics Biotech.
Sherpa acquires Dédalo division
Sherpa Capital has wholly acquired Dédalo Grupo Gráfico, the commercial printing division of Dédalo, from Spanish private equity house Ibersuizas and media conglomerate Grupo Prisa.
MML sells Industrial Acoustics to AEA
MML Capital Partners has sold noise control products manufacturer Industrial Acoustics to AEA Investors.
ICG backs Symington’s in SBO
Intermediate Capital Group has invested in the secondary buyout of convenience food producer Symington’s from Bridgepoint Capital.
Inflexion acquires Marston Group from Gresham
Inflexion Private Equity has bought UK-based judicial services business Marston Group from Gresham Private Equity.
DGPA backs L’Autre Chose
Italian private equity house DGPA has acquired a 55% stake in footwear brand L'Autre Chose for €8m, according to reports.
Capvis buys hessnatur
Swiss private equity firm Capvis Equity Partners has acquired German clothing company hessnatur in a management buyout from Primondo Specialty Group for an estimated €30-40m.
Enterprise Ventures and PHD Equity Partners invest in Barber
Enterprise Ventures (EV) and PHD Equity Partners have invested £2.7m in the £4.4m all-equity buyout of British equipment supplier Barber.
Priveq backs MBO of Office Management
Priveq Partners has taken a majority stake in Swedish office supplier Office Management.
Sentica acquires Silta
Sentica Partners has taken a majority stake in payroll consultancy Silta.
Moody’s forecasts €33bn+ LBO default
More than a quarter of unrated private equity LBO debt will default by 2015, according to ratings agency Moody’s.
Are mezzanine funds making a comeback?
The launch of 123 Venture’s latest mezzanine fund, the €100m Trocadero Capital Transmission II, is the second mezz fund launch this year with CIC Mezzanine III. In parallel, the number of mezzanine funds reaching final close has declined from 6 in...
Fondations Capital grabs 60% of Sepur
Fondations Capital has acquired a 60% stake in French waste collector Sepur from its founder, in a deal that values the business at €124m.
Equistone in €1bn Global Blue exit
Equistone Partners Europe (formerly Barclays Private Equity) has sold travel payment service provider Global Blue to Silver Lake Partners and Partners Group in a €1bn deal.