Buyouts
NEO Capital backs Obiká
NEO Capital has acquired 52% of mozzarella bar chain Obiká for an undisclosed amount.
Wendel acquires Parcours
Private equity firm Wendel has acquired a 95% stake in French vehicle leasing company Parcours for €107m.
IK acquires Offshore Inc to merge with Vistra
IK Investment Partners has acquired the Offshore Incorporations group of companies from The Carlyle Group.
Mid Europa Partners acquires stake in Waberer’s
Mid Europa Partners has acquired a 49.05% stake in Hungarian road freight transport company Waberer’s Holding Zrt.
IDIA and Liberfy acquire 66% of Gyma
IDIA - a Crédit Agricole fund focusing on the agrifood sector - and industrial holding Liberfy have acquired 66% of troubled French food producer Gyma.
21 Investimenti said to be considering La Pittarello buyout
21 Investimenti is rumoured to be considering a buyout of Italian shoe chain La Pittarello.
Advent International acquires Provimi for €188m
Advent International has agreed to acquire European manufacturer of pet food Provimi Pet Food (PPF) for an enterprise value of €188m.
Private equity eyes CarTrawler
CarTrawler has received interest from a number of private equity buyers in its €100m sale.
equitrust invests in WEGU
German private equity firm equitrust has acquired 100% of WEGU group from the Bonrath family for an undisclosed amount.
Ratos acquires Finnkino for €94.3m
Ratos has acquired Finnish cinema chain Finnkino Oy from Sanoma for an enterprise value of €94.3m.
ECI acquires Fourth Hospitality
UK mid-market private equity firm ECI Partners has acquired software as a service provider Fourth Hospitality as part of a management buyout transaction.
GI Partners acquires Advanced Childcare for £28m
GI Partners has acquired UK healthcare provider Advanced Childcare (ACL) from Bowmark Capital for £28m.
Hannover Finanz backs MBO of Media Concept
Private equity house Hannover Finanz has led the buyout of online retailer Media Concept together with BayernLB Private Equity.
Electra poised to buy Bathstore
Electra Partners is on the brink of purchasing bathroom retailer Bathstore from building materials group Wolseley.
BC Partners acquires Phones4U in SBO
BC Partners has acquired Phones4U from Providence Equity Partners for an undisclosed sum.
ProA buys Ambuibérica in all-equity deal
Spanish private equity firm ProA Capital has acquired an 85% stake in ambulance company Grupo Ambuibérica as part of an all-equity deal.
Carlyle buys The Foundry from Advent Venture
The Carlyle Group has acquired visual effects software developer The Foundry Visionmongers from Advent Venture Partners and other stakeholders.
BaltCap acquires stake in Runway
BaltCap has acquired a 40.82% stake in business process outsourcing service provider SIA Runway.
BDC backs C2S MBO
Bridgepoint Development Capital has acquired a 51% stake in French clinics operator Compagnie Stéphanoise de Santé (C2S) for an undisclosed amount.
Parcom buys Hobré Instruments
Parcom Capital has acquired Hobré Instruments, a major UK company in the design and manufacture of online analysers, sample systems and complete turnkey analyser systems.
IPW completes Altitude Software LBO
Spanish venture capital firm Investing Profit Wisely (IPW) has taken a 45% stake in Portuguese technology company Altitude Software as part of a management buyout.
CBPE backs HSBC Insurance buyout
Mid-market investor CBPE Capital has funded the acquisition of HSBC Insurance Management (HIM) for $27.5m.
Quantifying alpha
Alpha does indeed exist, and is strongest in private equity deals with active ownership; particularly when frequent interaction with - and even changing of - management is involved.
Friesland Bank Investments acquires Brakel
The investment arm of Friesland Bank, Friesland Bank Investments, has acquired Brakel Interieurgroep together with the management from building material supplier CRH.