Buyouts
RUSSIA – East Capital to buy 20% of FIA Bank for EUR 15.5m
East Capital has agreed to acquire a 20% stake in FIA, a Russian bank operating in Samara, a region in the south west of the country, for EUR 15.5m.
UK - Private equity interest in Infineum
Private equity bidders have shown strong interest in Infineum, the oil additives venture run by Exxon Mobil and Royal Dutch Shell. It has been reported that a deal could value the company at as much as ТЃ1.5bn.
GERMANY - Apax acquires D+S Europe
Apax has made an offer for SDax-listed e-commerce service provider D+S Europe. Apax is reported to have offered EUR 13 per share, with the offer supported by the company's management.
UK - Sovereign acquires Paragon Education in £15m deal
Sovereign Capial has acquired Paragon Education and Skills Ltd, a provider of government-funded training in the South and Southwest of England in a ТЃ15m deal.
UK - Modus takes stake in Perspective Financial Group
Modus Private Equity has taken a 40% stake in Perspective Finanical Group (PFG), a newly formed holding company established to acquire independent financial advisers, in a ТЃ11.6m deal. A debt package, including mezzanine, was provided by Lloyds TSB Corporate...
SWEDEN - Accent Equity creates new packaging company
Accent Equity 2008 has backed the MBO of a new packaging company to be named Flextrus for an undisclosed value. The business has been acquired from Australian group, Amcor Flexibilities, which has owned the company unit since 2001.
UK - Zeus buys four hotels for £25m
Zeus Private Equity (ZPE) has bought four hotels to add to its Hallmark Hotel Group for the combined sum of ТЃ25m. Senior debt was provided by Allied Irish Bank.
GERMANY - Axa acquires Löwen Play from Waterland
Axa Private Equity has agreed to acquire Löwen Play GmbH from Waterland Private Equity in a transaction rumoured to be worth at least EUR 300m. Löwen Play GmbH is based in Bingen and operates more than 190 amusement arcades as well as a number of machines...
UK - Sovereign acquires World Class Learning Schools
Sovereign Capital has completed the ТЃ34m management buyout of educational firm World Class Learning Schools and Systems Ltd (WCLS).
FRANCE – MBO Partenaires takes 50% stake in insurance company
MBO Partenaires has taken a stake of around 50% in property insurance company Lyonnaise de Garantie, backing the buyout of the firm by the company's two managers, Daniel Brèches and Pierre Belin.
UK - Langholm acquires majority stake in Tyrrells Potato Chips
Langholm Capital has acquired crisp company Tyrrells Potato Chips.
UK - Bowmark backs £75m buyout of Healthcare Homes
Bowmark Capital has backed the ТЃ75m buyout of elderly residential care provider Healthcare Homes from August Equity.
UK - Gresham acquires Johnson Clothing
Gresham Private Equity has backed the mangement buyout of corporate wear provider Johnson Clothing Ltd (JCL) from Johnson Service Group Plc (JSG). The completion of the deal is subject to shareholder approval.
UK - Endless supports buyout of four companies
Endless Private Equity has supported the management buyout of four trading companies from Amco Corporation Plc for ТЃ9.4m. Amalgamated Construction, Amco Drilling, Amco Plastics and Amco Developments have been acquired by new parent company Amco Group...
UK - HNW's back WorkSmart solutions MBI
A group of high-net-worth individuals has backed the management buy-in of niche compliance software business WorkSmart Solutions. The deal value is thought to be under ТЃ10m.
FRANCE – Edmond de Rothschild backs electronic systems solutions company
Edmond de Rothschild Investment Partners has invested EUR 1.4m in Innovation Developpment’s holding company ID finance with management investing EUR 2.2m. Senior debt was provided by Banque Populaire and Crédit Agricole Nord-est.
SPAIN – Mercapital readies acquisition of engineering firm
According to reports Mercapital is finalising a majority stake acquisition in Obras Subterraneas (Ossa) which it has valued at over EUR 200m.
UK - Bank of Scotland backs Tulloch Homes
Bank of Scotland Corporate's Joint Ventures business has acquired a 40% stake in house construction company Tulloch Homes Group.
SWITZERLAND/FRANCE – Argos Soditic tucks into Valora
Argos Soditic has bought three food production companies from Swiss logistics and retail holding company Valora Holding AG. Switzerland-based Roland Murten AG and Kägi Söhne AG and French company Cansimag France SA have been acquired for an undisclosed...
UK - NVM invests £5.6m in Axial Systems
NVM Private Equity has invested ТЃ5.6m in the management buyout of Axial Systems Ltd, a supplier of portable and distributed solutions for network management, analysis and security in the UK.
ITALY – MPS Ventures in IT acquisition
MPS Ventures and Sapient spa have acquired software company Gruppo Datel.
UK - Elysian Capital seals first deal
Mid-market firm Elysian Capital has backed the buyout of The Landscape Group Limited, a provider of landscape maintenance, street cleansing and horticultural construction services.
UK - Octopus in £16m MBO of Hydrobolt and Studbolt
Octopus Investments has acquired Hydrobolt Group Ltd and its sister company Studbolt in a ТЃ16m buyout. Octopus provided management with ТЃ4.5m to buy out the founder and majority shareholder. The group manufacturers and distributes high integrity fasteners...
FRANCE – CDC, Avenir and NCI purchase minority stake in Alkos
CDC Entreprises, its subsidiary Avenir Entreprises and NCI Gestion have acquired a 24% minority stake in Alkos Cosmétiques. Gérard Gieux, who has run the company since 1996, holds the remaining 76% stake. The investment has been used by Alkos to finance...