Buyouts
UK - Investec backs buyout of James Villa Holidays
Investec Growth & Acquisition Finance has backed the buyout of James Villa Holiday Ltd with an investment of ТЃ6m. Bank of Scotland has provided senior debt.
FRANCE – OFI launches takeover of Léon de Bruxelles
OFI Private Equity Capital and the management have launched a takeover bid for listed mussels restaurant chain Leon de Bruxelles for EUR 10.9m per share, an offer which values the company at EUR 64.9m. OFI currently owns a 38.13% stake in the company....
ITALY – GE Capital to acquire Interbanca
US private equity firm GE Capital is in the final stages of acquiring bank Interbanca. According to sources, the transaction is valued at EUR 900m.
FRANCE - Edmond de Rothschild CP takes majority stake in Sotralu
Edmond de Rothschild Capital Partners has taken a majority stake in Sotralu, alongside CEO Thierry Sainte-Claire Deville and the members of the management team, who have increased their stakes. The deal saw AXA Private Equity and former CEO Jean Prunet...
CEE – Advent International buys LaborMed
Advent International has acquired pharmaceutical company LaborMed from its founders. It plans to build the company through organic growth and acquisition of companies with specialist complementary drug portfolios. It is also bringing a new senior management...
SPAIN – Magnum reorganizes management
One of the founding members of Magnum Capital, Baldomero Falcones, has left the firm and sold his stake to the remaining three partners, Angel Corcóstegui, Enrique Leyva and João Talone.
FRANCE – Carlyle closes EUR 1.1bn deal
The Carlyle Group has completed the EUR 1.1bn deal for a 37.8% stake in telecommunications companies Numericable and Completel. Carlyle acquired the shares from Altice and Cinven, both of which have retained an approximately 30% stake.
AUSTRIA - Recap acquires Sariana
Recap Management has acquired lingerie company Fashion GmbH. Sariana went into insolvency in autumn 2007 and was acquired by Steierische Beteiligungsgesellschaft STUG as a bridge owner.
UK - Sovereign acquires Lord Group
Sovereign Capital, through its portfolio company Kinetics Group, has acquired fabric maintenance provider The Lord Group Ltd.
UK - Quilvest acquires Yo! Sushi from Primary Capital
Quilvest Private Equity has bought sushi bar chain Yo! Sushi from Primary Capital in a reported ТЃ51m deal.
UK - ECI makes £60m offer for Premier Research Group
ECI Partners has made an offer to acquire clinical services provider Premier Research Group (PRG). The enterprise value of the deal is ТЃ100m.
GERMANY - Square Four Investments acquires Erich Rohde KG
Square Four Investments has, together with investment bank Morgan Stanley, acquired insolvent Erich Rohde KG Schuhfabriken, a shoe manufacturer, for an undisclosed amount.
FRANCE – Perfectis acquires Groupe Larosa
Perfectis Private Equity has acquired Groupe Larosa in a secondary LBO. Perfectis has taken a 60% stake in Groupe Larosa in a deal which represents an exit for IRDI. The management holds the remaining 40% of Groupe Larose.
CEE – Penta to acquire Semya for US$ 200m
According to sources, Penta Investments is to acquire Russian supermarket chain Semya for US $200m.
LUXEMBOURG – GIC SI invests US$1.5bn in Sintonia SA
GIC Special Investments (GIC SI), the private equity investment arm of GIC, has acquired 3% of Sintonia SA for US$1.5bn. The vendor is Milan-based Benetton-owned company Sintonia SpA.
UK - Sovereign wins auction for WCLS
Sovereign Capital has won the auction to buy educational firm World Class Learning Schools (WCLS) for approximately $75m, according to press reports.
UK - Inflexion backs buyout of Pims
Inflexion Private Equity has led the management buyout of waste water support services company Pims Group. It acquired the company from Gresham Private Equity who made a 3.4x return from the exit.
UK - NBGI buys T Jolly
NBGI Private Equiy has backed the management buyout of mechanical and electrical engineering services provider T Jolly Ltd. The value of deal has not been disclosed. Debt has been provided by Svenska Handelsbanken AB.
FRANCE – MBO Partenaires takes 35% stake in BFD
MBO Partenaires has taken a 35% minority stake in banking and finance information systems company BFD. The remaining stake is retained by founder Philippe Michelin. The senior debt package was provided by Société Générale and CIC.
ITALY – Investitori Associati in Meridionale Meccanica MBI
Investitori Associati has acquired railway security and diagnostics company Meridionale Meccanica (Mer Mec) in a management buy-in deal. The management team will retain a stake in the company.
PORTUGAL – Explorer acquires private security companies
Explorer Investments has acquired three private security companies Palanca, 4 Esse and Prosecom as part of a market consolidation strategy.
UK - Barclays Ventures acquires building contractor
Barclays Ventures has acquired Strategic Team Group, a building contractor to the public and private sector, in a deal valued at approximately ТЃ11m. Barclays Ventures has invested for a minority stake.
GERMANY - NIBC Capital Partners acquires Gebr Reinfurt
NIBC Capital Partners has acquired German ball bearings manufacturer Gebr Reinfurt GmbH Co KG from its current eight family shareholders for an undisclosed amount.
Denmark – Mid Europa acquires Disa from Procuritas
Mid Europa has acquired Disa, a company operating in the global moulding and metal surface preparation markets, from Procuritas Capital Investors III. The sale is subject to approval from competition authorities, expected in the first half of 2008. Procuritas...