Buyouts
UK - Clayton, Dubilier & Rice acquires BTG for £417m
Clayton, Dubilier & Rice has agreed to acquire Bodycote Testing Group (BTG), the materials testing subsidiary of Bodycote Plc, in a deal valued at around ТЃ417m.
SWEDEN - Argan acquires Humana Group
Argan Capital has acquired a controlling stake in Humana Group, a provider of personal assistance services for individuals with functional impairments.
UK - GI Partners acquires Care Aspirations
GI Partners has acquired mental health services group Care Aspirations, in a deal believed to be worth between ТЃ60m and ТЃ70m.
FRANCE - Pragma stages buyout of Texa
Pragma Capital has completed a tertiary buyout of insurance company Texa from Abénex Capital for an undisclosed sum.
LATVIA - Argus et al acquire IZZI
Contaq Latvian Cable, Argus Capital and Syntaxis Capital have acquired Latvian cable television broadcaster IZZI SIA for an undisclosed sum. DnB NORD Banka and funds advised by Syntaxis Capital provided a senior debt and mezzanine package to support the...
GERMANY – Consortium backs TWK MBO
DZ Equity Partner and strategic investor addfinity industries GmbH & Co KG have backed a management buyout of TKW Technische Kunststoffteile und Werkzeugbau GmbH & Co KG, a provider of industrial plastic-injection moulding and multi-material components...
CEE - Apax in talks with NLB
Reports suggest that Apax Partners has entered exclusive talks regarding the purchase of the 30.6% stake in Nova Ljubljanska Banca (NLB), Slovenia's largest bank, currently held by Belgium's KBC after Blackstone pulled out of the EUR 900m auction.
FRANCE - Abénex Capital and Ixen purchase Buffalo Grill
Abénex Capital and Ixen have completed a secondary buyout of restaurant chain Buffalo Grill from Colony Capital and Eurazeo.
SWEDEN - AAC backs Helo acquisition of Tylö Group
AAC Capital has backed portfolio company Helo Group Oy in its acquisition of sauna company Tylö Group from the Janson family for an undisclosed sum.
GERMANY - ATS acquires GANYMED
ATS Beteiligungsverwaltung GmbH has acquired a majority stake in GANYMED Pharmaceuticals AG by purchasing shares held by Ingro Finanz, KfW, Landesbank Baden-Wuerttemberg (LBBW), Nextech Venture, Varuma, VI Partners, WFT and a number of private investors...
NETHERLANDS - Waterland re-acquires JVH Gaming
Waterland has re-acquired troubled Dutch gaming machines operator JVH Gaming.
GERMANY - Lone Star agrees to buy IKB
Lone Star has agreed to acquire a 90.8% stake in IKB Deutsche Industriebank, the bank which collapsed as a result of the subprime mortgage crisis, from state-owned KfW Group for an undisclosed amount.
UK - AFM backs £1.8m Anaco MBO
Alliance Fund Managers has backed a ТЃ1.8m management buyout of building faУЇade manufacturer Anaco Systems Ltd, providing a ТЃ400,000 mezzanine investment from its MSIF Mezzanine Fund.
SWEDEN - Priveq acquires 70% of Unisport
Priveq Investments has acquired 70% of Unisport Scandinavia, a supplier of artificial flooring and surfaces for sports halls for an undisclosed sum.
SPAIN - Cortefiel circled by distressed funds
According to reports, distressed debt funds are seeking to purchase some of the debt held by retailer Cortefiel, owned by Permira, CVC and PAI Partners, which is now trading at 42% of face value.
GERMANY – DPE acquires iloxx AG
Funds advised by DPE Deutsche Private Equity GmbH have, with retroactive effect from 1 January 2008, acquired a majority shareholding of logistics services provider iloxx AG.
UK - Endless acquires Crown Paints
Turnaround specialist Endless has announced the acquisition of paint producer Crown Paints from Dutch company AkzoNobel in a management buyout reported to be worth in the region of ТЃ70m.
SWEDEN - Segulah completes SEK 1.6bn take-private of Gunnebo
Segulah Stellata Holding AB, an investment vehicle managed by Segulah Advisor AB, has received acceptances representing more than 97% of shares and voting rights in Gunnebo Industrier AB for its SEK 1.62bn takeover offer and intends to initiate the compulsory...
SPAIN - 3i acquires Mémora in EUR 330m deal
3i has acquired a 75% stake in funerary business Mémora Inversiones Funerarias from Acciona for EUR 225m, in a deal which values the company at EUR 330m including debt. The transaction, which remains subject to approval by anti-trust authorities, will...
UK/NETHERLANDS - Private equity interest in Reed Elsevier's trade publishing unit
Several private equity firms are thought to be among the 12 bidders that have made it through to the second round of the auction for publisher Reed Elsevier's business magazines unit, which is expected to fetch between ТЃ1bn and ТЃ1.25bn.
FRANCE - Sagard cedes CEPL for EUR 500m
Sagard has signed a definitive agreement to divest portfolio logistics company Compagnie Européenne de Prestations Logistiques (CEPL) to Arcapita, a Bahrain-based investment firm, in a secondary buyout valued at around EUR 500m.
CEE - Capexit acquires Bread & Co
Capexit has wholly acquired Serbian bakery chain Bread & Co.
NETHERLANDS – Icos invests in ReSteel
Icos Capital has invested in base metals recovery company ReSteel.
ITALY – Alto acquires Monviso
Alto Partners has acquired a stake of close to 90% in biscuit manufacturer Monviso in a deal valued at between EUR 30m and EUR 35m.