Buyouts
Altor acquires E.ON ES
Altor has acquired a 90.5% stake in E.ON ES, an engineering and contracting company for the energy industry, from E.ON Sverige AB.
Herkules acquires Norsk Jernbanedrift
Herkules has acquired a majority stake in Norsk Jernbarnedrift (NJD), a company that specialises in maintenance, construction and projects for railway infrastructure in Norway.
First Reserve signs off AED buyout
First Reserve Corporation has acquired a 45% stake in Ansaldo Energia, a major Italian producer of thermoelectric power plants, as part of a management buyout transaction.
Rutland acquires Gems International
Rutland Partners has acquired a majority stake in Belgium-based GEMS International NV, which provides subsea technical analysis and surveying.
Duke Street to buy Wagamama for £215m
Duke Street is about to acquire UK fast-food chain Wagamama from Lion Capital for around £215m, according to media reports.
Bridgepoint acquires Médipôle Sud Santé
Bridgepoint Capital has acquired French clinics operator Médipôle Sud Santé for an undisclosed amount.
Multiple worries
According to the man on the street, multiples nowadays stand at around 7x EBITDA for assets, up to 9x if it’s a ‘quality asset’ (meaning it stands at 9x, since I know of no GP willing to admit he buys low-quality assets). This is down markedly from...
Apax and Bridgepoint team up again on CEP buyout
Apax Partners and Bridgepoint Capital are teaming up to buy French mortgage insurance services company Compagnie Européenne de Prévoyance (CEP) from PAI Partners, according to media reports.
Global Equity Partners acquires Lenzing division
Global Equity Partners and private investors have acquired Lenzing's plastic-filament business.
Capital Stage acquires Conergy
Capital Stage AG has acquired 100% of Germany-based Conergy's Swiss subsidiary for an undisclosed amount.
Palero Capital acquires Kopp
Private equity firm Palero Capital has acquired Heinrich Kopp GmbH from US industrial company Actuant Corporation for an undisclosed amount thought to be around €4m.
Herkules acquires Process Vision
Herkules has acquired Finnish energy software provider Process Vision Oy.
Vitruvian Partners back MBO of IMD
Lausanne Acquisitions, a bid vehicle funded by Vitruvian Partners, have backed the MBO of Independent Media Distribution.
Accent Equity acquires Autotube
Accent Equity has wholly acquired Autotube AB from Specma Hydraulic AB, a unit of Investment AB Latour.
EQT makes SEK 12bn bid for Dometic
EQT has made a SEK 12bn offer to acquire Dometic Group from a consortium of lenders, members of the board and employees.
Mid Europa's buys Penta's groceries for EUR 400m
Following two handsome exits, Mid Europa stumps up 13x Ebitda for a Polish grocery chain.
NBGI backs MBO of Facilities Services Group
NBGI Private Equity has acquired a majority stake in UK-based Facilities Service Group (FSG) for £9m.
Socadif backs SPAS MBI
Socadif has backed the management buy-in of French events organiser SPAS.
Riva y García backs steel manufacturer
Spanish private equity firm Riva y García has backed the creation of Madrid-based steel manufacturing business Bloqmarine International.
ICG acquires Gerflor from AXA PE
Intermediate Capital Group (ICG) has agreed to acquire French flooring business Gerflor from AXA Private Equity, for an undisclosed amount.
Privet Capital acquires HWA Group Ltd
Privet Capital has acquired specialist building contractor HWA Group Ltd for an undisclosed sum.
OpenGate Capital acquires Norampac-Avot-Vallée
OpenGate Capital has acquired French specialty paper manufacturer Norampac-Avot-Vallée from parent company Cascades, for an undisclosed amount.
Accent Equity new part owner of Hööks
Accent Equity Partners has invested in Swedish retailer of equestrian products Hööks Hästsport.
Private equity prepares Northern Foods bid
A private equity firm has teamed up with Irish food group Greencore to prepare a bid for Northern Foods, the company that makes Fox’s biscuits and Goodfellas pizza.