Buyouts
UK - KCP backs the £24m MBO of TSC Foods
Key Capital Partners (KCP) has backed the management buyout of soup and sauce manufacturer TSC Foods Limited in a ТЃ24m deal. KCP invested ТЃ6m for a majority stake in the business, while Yorkshire Bank's Corporate & Structured Finance team provided senior...
UK - LDC backs £5.6m MBO of Modelzone
LDC has backed the management buyout of Modelzone Holdings, the owner of model retailer Modelzone and Amerang, a wholesale agent for overseas suppliers in the model and hobby industry, valuing the business at ТЃ5.6m.
UK - Valco acquires Risk's Borders
Valco Capital Partners, the private equity arm of restructuring specialist Hilco, has backed the management buyout of Risk Capital's ailing bookstore Borders.
ITALY - PAI drops out of Safilo process
It is understood that PAI Partners has withdrawn its offer to acquire a stake in eyewear manufacturer Safilo.
FRANCE - Barclays PE et al. back FPEE buyout
Barclays Private Equity and Pragma Capital have completed a secondary management buyout of building materials company FPEE Group. Previous backers AtriA Capital Partenaires and Euromezzanine have also re-invested in the new structure.
SLOVENIA - Mid Europa completes UPC acquisition
Mid Europa Partners has completed the acquisition of 100% of Slovenian cable and broadband operator UPC Slovenia from Liberty Global Inc, first reported in unquote" in May.
FRANCE - Turenne and IDF purchase minority stake in Socio
Turenne Capital and IDF Capital have purchased a 30% stake in e-marketing company Socio as part of an OBO deal. The deal was financed with a debt package provided by Crédit du Nord and la Caisse d'Épargne.
FRANCE - Initiative & Finance backs Sogelink buyout
Initiative & Finance has backed the minority owner-buyout of internet company Sogelink, alongside the two founders Ignace Vantorre and Matthieu Ponson. LCL and Banque Populaire Loire et Lyonnais provided a debt package to support the transaction.
UK - Valco to acquire Risk Capital-backed Borders UK
Borders, the ailing bookstore backed by Risk Capital Partners, is in talks with Valco Capital Partners, the private equity arm of restructuring specialist Hilco, over the sale of its UK business.
GERMANY - Silverfleet in talks to acquire Kalle Nalo
It is understood that mid-market investor Silverfleet Capital is in exclusive negotiations with Montagu Private Equity to acquire charcuterie casing business Kalle Nalo, with the price tag thought to be around EUR 250m.
POLAND - Oresa backs MBI of Ploh
Swedish investment firm Oresa Ventures has acquired Polish vending business Ploh in a deal that sees a new management team take over from founder Zbigniew Loh.
SWITZERLAND - Zurmont Madison embarks on buy-and-build for CLS
Zurmont Madison Private Equity has backed a partial buyout and capital expansion of Swiss language specialist CLS Communications.
Motivating management: The BIMBO's back
Now more than ever it's important to ensure management teams are properly incentivised. For existing portfolio companies it may mean bringing on board some fresh blood; for new opportunities it means cutting a fair deal for all parties involved
SPAIN - ProA acquires 60% stake in Embutidos Palacios
It is understood that ProA Capital has acquired a 60% stake in charcuterie business Embutidos Palacios. The deal value has not been confirmed, but sector experts estimate it could be around EUR 100m.
GERMANY - Infineon sells WLC to Golden Gate Capital for EUR 250m
US private equity firm Golden Gate Capital has acquired broadband services provider Wireline Communications from troubled chipmaker Infineon Technologies AG for EUR 250m.
GERMANY - KKR & Bertelsmann launch EUR 250m rights management business
According to reports, KKR has joined forces with media concern Bertelsmann to develop a music rights management business, with the buyout giant thought to have invested EUR 250m into the venture.
ITALY - IDeA acquires 65% stake in Soprarno
IDeA Alternative Invesments, backed by the De Agostino Group and Investitori Associati, has acquired a 65% stake of retail fund manager Soprarno Sgr.
UK - Private equity firms battle for Lloyds' fund management arm
Private equity houses Hellman & Friedman and TA Associates are in a battle to acquire Insight, the fund management arm of Lloyds.
ITALY - Apax and Cinven interested in Kedrion
Reports suggest that Apax Partners and Cinven are among the private equity firms interested in taking over the 40% stake in pharmaceutical business Kedrion held by Investitori Associati.
SWITZERLAND - Argos Soditic reaps 3.1x on ORS sale
Argos Soditic sold outsorcing company ORS in a secondary buyout to Invision, reaping a cash mutliple of 3.1x and an IRR of 37%.
FRANCE - Initiatives & Finances acquires SLAT MBO
Initiatives & Finances has signed an agreement to purchase SLAT, a power supplies company, from 3M in an MBO deal.
GERMANY - Oaktree circles Bain's Bavaria
According to press reports, Oaktree is circling yacht builder Bavaria Yactbau, a portfolio company of Bain Capital.
UK - Maven and Matrix back MBO of Westway
Maven Capital Partners and Matrix Private Equity have backed the management buyout of air conditioning provider Westway Cooling Limited, investing ТЃ2.55m and ТЃ1.54m respectively. The vendor rolled over ТЃ500,000 and Co-operative Bank provided term debt...
GERMANY - Steadfast Capital acquires Falk & Ross Group
Steadfast Capital has, alongside management, acquired a majority stake in clothing distributor Falk & Ross Group Europe GmbH for an undisclosed purchase price.