Buyouts
UK - Francisco Partners to acquire Cybit for £23m
Global private equity firm Francisco Partners has reached agreement on the take-private acquisition of London listed technology company Cybit Holdings plc, in a deal valuing the business at almost ТЃ23m.
FRANCE - ERCP purchases Christian Liaigre
Edmond de Rothschild Capital Partners has purchased a majority stake in Christian Liaigre, an interior design company, alongside the founder.
GERMANY - Oakley Capital Private Equity acquires Verivox
Oakley Capital Private Equity has acquired 51% of price comparison company Verivox for an undisclosed sum.
UK - Bridges Ventures backs Babington MBI
Bridges Ventures has backed the management buy-in of vocational training company Babington Business College, in a deal of undisclosed value.
UK - Vitruvian Partners acquires CIG
London-based Vitruvian Partners has acquired a majority stake in Callcredit Information Group (CIG), the credit referencing and marketing services subsidiary of building society Skipton, for an undisclosed sum.
UK - Apax to acquire Marken in £975m deal
Apax Partners has agreed to aquire Marken, a specialist in clinical drug trial logistics, from management and mezzanine lender ICG in a deal reportedly valued at ТЃ975m.
UK - Patron completes £42.5m takeover of Powerleague
Existing shareholder Patron Capital Partners has completed the takeover of listed company Powerleague plc, the largest owner and operator of 5-a-side football centres in Europe, in a deal of ТЃ42.5m.
EUROPE - EVCA report shows sharp rise in turnaround deals
While investment activity in 2009 has slowed significantly, new research published by the EVCA today shows that the downturn has provided a sharp rise in turnaround opportunities, which were up 40% in the first nine months of this year against the same...
FRANCE - Finadvance to purchase RAC France
Finadvance is set to back the MBO of the French arm of RAC, the roadside assistance company, from UK-based insurance giant Aviva.
UK - Inflexion backs £33m FDM MBO
Inflexion Private Equity has backed the management buyout of AIM-listed IT services company FDM Group, in a deal that values the business at a little over ТЃ33m.
GERMANY - equitrust acquires Angiokard
equitrust has acquired a majority stake in medical equipment company Angiokard Medizintechnik from Masterflex.
UK - Palamon acquires ADP in £136m deal
Palamon Capital Partners has acquired a majority stake in dentistry business Associated Dental Practices in a ТЃ136m buyout from Smith & Williamson, the adminstrators of Kaupthing Capital Partners, the former private equity owners of the business who...
NORWAY - Reiten acquires Basefarm for NOK 255m
Norwegian private equity firm Reiten & Co has acquired online application services supplier Basefarm, a subsidiary of media group Schibsted, in a deal valuing the business at NOK 255m.
GERMANY - KKR and BC Partners eye Siemens subsidiary
According to reports, private equity heavyweights KKR and BC Partners have expressed an interest in Siemens's hearing aid subsidiary, which could be worth as much as EUR 3bn.
UK - Permira completes £228m acquisition of Just Retirement
Permira has completed the delisting of financial services company Just Retirement in an all-equity deal of ТЃ228m, as reported on unquote" news in September.
ITALY - Bridgepoint and Axa make EUR600m bid for Snai
Bridgepoint and Axa Private Equity have made a EUR600m takeover bid for debt-laden Snai, Italy's largest betting shop operator.
SPAIN - Corpfin takes 65% stake in Sinaer
Corpfin Capital has acquired a 65% stake in aeronautics services firm Sinaer, in a deal valued at EUR 3m.
GERMANY - EQT to make EUR 2.6bn offer for Candover's Springer
Swedish buyout house EQT is reportedly lining up a £1bn financing package as part of a takeover bid for Candover- and Cinven-backed publishing business Springer Science & Business Media, which could value the company at around EUR 2.6bn.
NETHERLANDS - OEP acquires Schoeller Arca Systems
Private equity firm One Equity Partners' (OEP) acquisition of plastic manufacturer Schoeller Arca Systems Services has been approved by the European Commission.
FRANCE - Ambienta acquires 51% stake in Alpin Pellet for EUR 2.5m
Italian environmental investor Ambienta has acquired a 51% stake in biomass company Alpin Pellet for EUR 2.5m.
POLAND – Royalton adds Cool AR to Activ Parking
Central and Eastern European investor Royalton Investors has acquired a 93% stake in Polish paid parking zone business COOL AR. The deal was done thorough ACTIV Parking Holdings, a Czech parking operator Royalton acquired in January 2009. Together the...
BULGARIA – Advent sips EUR 40m Devin
Advent International's Central & Eastern European team has completed the acquisition of a 79% stake in Bulgarian bottled water business Devin AD. The company is listed on the Bulgarian Stock Exchange and the shares were acquired from Austria's Soravia...
FRANCE - Astorg takes 32% stake in EUR 500m Gras Savoyarde
Astorg is set to take a 32% stake in insurance broker Gras Savoye, in a deal valuing the company at approximately EUR 500m, including EUR 200m of debt. The LBO deal sees US group Willis reduce its stake to 31.8%.
ROMANIA – Enterprise Investors in EUR 66m MBI of Profi Rom
Enterprise Investors has led the EUR 66m buy-in of Romanian supermarket chain Profi Rom Food Group. The deal sees the house wholly acquire the business from former owner Duna Waiting Participation, and install Gunter Grieb as new CEO.