Buyouts
GERMANY - Argantis backs MBO of Frostkrone
Argantis GmbH has backed a management buyout of frozen food producer Frostkrone Engel-Food Tiefkühlkost GmbH in Rietberg, and Frostkrone Tiefkühlkost Produktions- und Vertriebsgesellschaft mbH in Wildeshausen. The existing managing partners will retain...
SWEDEN - EQT Opportunity acquires Granngården
EQT Opportunity has acquired Granngården, a Swedish retail chain, from Lantmännen, a group owned by 42,000 Swedish farmers, for an undisclosed sum.
GERMANY - Gilde Buy-Out Fund sells Walter Services Group
Gilde Buy-Out Fund has sold services company Walter Services Group to Odewald & Compagnie and caption for an undisclosed amount. Gilde Buy-Out Fund will reinvest part of the proceeds from the exit.
UK - Bowmark generates 63% IRR on sale of travel group
DLJ Merchant Banking Partners has acquired Education and Adventure Travel (EAT), the UK school travel group, from Bowmark Capital for ТЃ100m. Bowmark generated an IRR of 63% and a multiple of 4x on the sale of the business.
SWEDEN - Riverside acquires SPX Air Filtration
The Riverside Company, through its Riverside Europe Fund III (REF III), has acquired the Swedish based SPX Air Filtration for an undisclosed sum. A senior debt package was provided by Kaupthing Bank, while Eqvitec supplied a mezzanine tranche to support...
GERMANY - Waterland Private Equity acquires GolfRange
Waterland Private Equity Investments has acquired a majority stake in golf company GolfRange for an undisclosed sum.
ITALY - Bridgepoint acquires perfumeries
Bridgepoint has acquired two perfumeries, Linea Bellezza and Beauty Star, in a management buyout deal.
GERMANY – Augur acquires Veritas
Augur Capital has, via Augur Financial Opportunity SICAV, acquired financial services provider Veritas SG Investment Trust GmbH from French online financial services company Boursorama SA, a subsidiary of Société Générale-Group, for an undisclosed amount....
UK - Laxey Partners acquires TDG in £203m deal
Laxey Partners has agreed to buy the remaining shares it does not already own of transportation company TDG Plc in a ТЃ203m deal.
SWITZERLAND – ECM acquires stake in KADI AG
Equity Capital Management (ECM) has, together with the management, acquired Swiss convenience food producer KADI AG from its sole previous owner. No financial details were disclosed.
NORWAY - Norvestor acquires 70% of Wema
Norvestor Equity, through its fund Norvestor V, has acquired 70% of the Wema Group, a supplier of diesel and AdBlue level sensors to the heavy truck industry, for an undisclosed sum. The vendor, the Gismervik family, retains 30% stake in the company....
UK - MML backs buyout of EIC
MML Capital Partners, formerly Mezzanine Management, has led a ТЃ40m buyout of EIC, a provider of mechanical and electrical services to the public and private sectors. The Royal Bank of Scotland provided senior debt for the deal.
ITALY - Patrimonium interested in electrical appliances plant
According to reports, UK-based Patrimonium Venture Capital (PVC) is interested in acquiring an Electrolux production plant in Sacandicci in a deal valued at approximately EUR 60m.
UK - Nord Anglica to be taken private
The Baring Asia Private Equity Fund IV is taking Nord Anglica, a provider of education, training and guidance, private in a deal that values the company at approximately ТЃ190m.
FRANCE - MBO Partners et al purchase Les Zelles
MBO Partners has completed a buyout of windows installation business Les Zelles, alongside SG Capital Partners, SGAM AI and the management team led by Robert Dollathas.
GERMANY – Equita acquires Kolbe-Coloco from INVEST EQUITY
Equita GmbH & Co Fonds 3 has acquired marketing services company Kolbe-Coloco Spezialdruck GmbH & Co KG from INVEST EQUITY for an undisclosed sum. INVEST EQUITY acquired the company in 2004.
DENMARK - Ventizz Capital Partners completes EUR 51m SSP acquisition
Ventizz Capital Partners, through Ventizz Capital Fund IV, has acquired a 72.28% stake in SSP Technology A/S, a Danish rotor blade manufacturer, in a deal that values the company at EUR 51m.
FINLAND - Sentica Partners acquires Arme for EUR 25.5m
Sentica Partners has acquired Arme Oy, an industrial insulation company, from Panostaja Oyj in a deal that values the company at EUR 25.5m. The company CEO, Jukka Pyykö, remains a shareholder with a 20% stake.
ITALY - Private equity interest in Bulgari
Market rumour suggests that Carlyle and Blackstone could be among several private equity firms interested in purchasing Italian fashion accessories house Bulgari.
CEE - RAEF reaps 6.5x returns from sale of Policolor
The Romanian-American Enterprise Fund (RAEF) has sold its 33.23% stake in Romanian paint producer Policolor to existing shareholders Romanian Investment Fund (RIF) and RC2, generating a 20% IRR and 6.5x cash on cash multiple from the investment.
FINLAND – Pohjola acquires Reima from CapMan
Pohjola Capital Partners has, together with the company’s management, completed a secondary buyout of Reima, a children’s clothes manufacturer, from CapMan and other owners for an undisclosed sum.
SPAIN - Abraxa leads creation of cleaning holding
Abraxa has acquired a 49.9% stake in Casologroup, a newly formed non-durable household products holding, in a deal valued at approximately EUR 10m.
BELGIUM - GIMV acquires OTN
GIMV has acquired optical fibres-based communication network Open Transport Network (OTN) from Nokia Siemens Network for an undisclosed sum. The 80 OTN staff will be transferred to OTN Systems, a newly formed company established by GIMV and the OTN management,...
UK - Oakley acquires Monument Securities
Oakley Capital has acquired Monument Securities, a financial services company specialising in international derivatives.