Buyouts
UK - LDC to acquire eight Midlands radio stations
LDC and radio industry veteran Phil Riley have agreed to acquire eight Midlands radio licenses from commercial radio group Global Radio for an undisclosed sum.
SBOs to make comeback
Looking at UK developments could give hints of where Nordic private equity will make its next move. Kimberly Romaine and Rikke Lilla Eckhoff report
GERMANY - Nord Holding acquires bakery business from Hannover Finanz
Nord Holding has, together with the management, wholly acquired bakery company De Maekelbörger GmbH from HANNOVER Finanz for an undisclosed amount.
GERMANY - BluO acquires Pit-Stop from PAI-subsidiary Kwik-Fit
Private equity newcomer BluO has acquired Pit-Stop Auto Service GmbH, the German division of car service business Kwik-Fit Holdings, a portfolio company of PAI Partners, for an undisclosed amount.
ITALY - Buyout interest in Banca Fideuram
Reports suggest that several buyout houses have expressed an interest in bidding for Italian bank Intesa Sanpaolo's subsidiary Banca Fideuram, which could have a price tag of up to EUR 3bn.
UK - Endless acquires British Bookshops and Stationers
Turnaround specialist Endless has acquired beleaguered British Bookshops and Stationers for an undisclosed sum.
FRANCE - EdRIP backs Barrault OBO
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 1m to support the owner-buyout of industrials company Barrault Recherche.
BELGIUM - Gimv leads EUR 10m VCST investment
Gimv has lead a EUR 10m investment into auto part manufacturer VCST, alongside venture investor LRM.
SWEDEN - Sixth Swedish pension fund buys Arvika from administration
The Sixth Swedish Pension Fund (AP6) has acquired Arvika Gjuteri, a manufacturer of parts for trucks, agricultural and construction equipment that recently went into administration.
PORTUGAL - Explorer acquires Gascan
Private equity firm Explorer Investments has wholly acquired gas business Gasses Combustiveis (Gascan) SA for an undisclosed sum.
UK - Hotbed backs buy-in of Sabel Cosmetics
Private investor network Hotbed has backed the management buy-in of UK-based hair care products manufacturer Sabel Cosmetics with an investment of ТЃ1.6m. Founder and vendor John Abel also participated in the deal.
EUROPE - Close Brothers Corporate Finance acquired by Daiwa for £75m
Daiwa Securities SMBC Europe, the European subsidiary of Japanese investment bank Daiwa Securities SMBC Co, has agreed to acquire Close Brothers Corporate Finance from Close Brothers Group plc for ТЃ75m.
FRANCE - Acto to purchase majority of Inventoriste
Acto Capital has agreed to acquire approximately 87% of the shares and voting rights in Alternext-listed retail services business Inventoriste from Berberine EURL, Amiral Gestion, B&G SARL, Financier John Beslay and Jean-Sebastien Beslay.
UK - CGC buys Pragma and Real Time in £27.8m deal
Close Growth Capital (CGC) has backed the ТЃ28m management buyout of Pragma and Real Time, the UK IT services businesses of Sword Group Plc, the listed French IT company. Scottish Enterprise, Clysedale Bank and management also invested.
UK - AnaCap to acquire Ruffler
AnaCap Financial Partners has agreed to acquire UK-based Ruffler Bank from Roy Ruffler, the company's main shareholder, for an undisclosed sum. The transaction will see Phillip Monks become CEO of the company, leading a new management team joining from...
NORWAY - IK-backed Kid in talks with bank over ownership change
IK Investment Partner's (IK) portfolio company Kid Interiør, a textile retail business, is in discussions with its main sponsor Norwegian bank DnB NOR regarding a transfer of ownership to the bank after running into trouble over its loans.
UK/US - Irving and Oaktree acquire Chesapeake from administration
Irving Place Capital and Oaktree Capital Management have acquired consumer packaging supplier Chesapeake Corporation from chapter 11 bankruptcy proceedings in a deal valued at $485m. Management also invested for a stake in the business.
SPAIN - Mercapital takes majority stake in Grupo Diagnóstico
According to reports, Mercapital has acquired a majority stake in medical imaging firm Grupo Diagnóstico Recoletas.
NORWAY - AAC acquires road assistance business in Norway
AAC Capital Partners has, alongside company management, acquired a substantial stake in Norwegian road assistance company Viking Redningstjeneste (Viking) from Suletac Holdings.
SLOVENIA - Mid Europa acquires UPC
Mid Europa Partners has wholly acquired Slovenian cable and broadband operator UPC Slovenia from Liberty Global Inc.
NETHERLANDS - Cyrte acquires Bol.com
According to reports, pan-European investment firm Cyrte, has acquired online book retailer Bol.com from German media group Holtzbrinck Networks Verlag Welt and Bild in an auction organised by Goetz.
GERMANY – Quadriga-backed Tectum acquires Alex & Gross
Quadriga Capital portfolio company Tectum Group, a call centre operator, has acquired sector rival Alex & Gross Group from the management and EKK Dr Engelhardt, Kaupp and Kiefer Unternehmensbeteiligungen GmbH.
GERMANY - Stargate Capital acquires Gehring Group
Investment firm Stargate Capital has acquired specialty machines manufacturer Gehring Group from insolvency.