Buyouts
SPAIN - ProA acquires 60% stake in Embutidos Palacios
It is understood that ProA Capital has acquired a 60% stake in charcuterie business Embutidos Palacios. The deal value has not been confirmed, but sector experts estimate it could be around EUR 100m.
GERMANY - Infineon sells WLC to Golden Gate Capital for EUR 250m
US private equity firm Golden Gate Capital has acquired broadband services provider Wireline Communications from troubled chipmaker Infineon Technologies AG for EUR 250m.
GERMANY - KKR & Bertelsmann launch EUR 250m rights management business
According to reports, KKR has joined forces with media concern Bertelsmann to develop a music rights management business, with the buyout giant thought to have invested EUR 250m into the venture.
ITALY - IDeA acquires 65% stake in Soprarno
IDeA Alternative Invesments, backed by the De Agostino Group and Investitori Associati, has acquired a 65% stake of retail fund manager Soprarno Sgr.
UK - Private equity firms battle for Lloyds' fund management arm
Private equity houses Hellman & Friedman and TA Associates are in a battle to acquire Insight, the fund management arm of Lloyds.
ITALY - Apax and Cinven interested in Kedrion
Reports suggest that Apax Partners and Cinven are among the private equity firms interested in taking over the 40% stake in pharmaceutical business Kedrion held by Investitori Associati.
SWITZERLAND - Argos Soditic reaps 3.1x on ORS sale
Argos Soditic sold outsorcing company ORS in a secondary buyout to Invision, reaping a cash mutliple of 3.1x and an IRR of 37%.
FRANCE - Initiatives & Finances acquires SLAT MBO
Initiatives & Finances has signed an agreement to purchase SLAT, a power supplies company, from 3M in an MBO deal.
GERMANY - Oaktree circles Bain's Bavaria
According to press reports, Oaktree is circling yacht builder Bavaria Yactbau, a portfolio company of Bain Capital.
UK - Maven and Matrix back MBO of Westway
Maven Capital Partners and Matrix Private Equity have backed the management buyout of air conditioning provider Westway Cooling Limited, investing £2.55m and £1.54m respectively. The vendor rolled over £500,000 and Co-operative Bank provided term debt...
GERMANY - Steadfast Capital acquires Falk & Ross Group
Steadfast Capital has, alongside management, acquired a majority stake in clothing distributor Falk & Ross Group Europe GmbH for an undisclosed purchase price.
PORTUGAL - GED acquires majority stake in Fase
It is understood that Spain-based private equity firm GED has acquired a 70% stake in Portuguese consultancy business Fase, in a deal valued at EUR 12m. The balance of the equity will be retained by the management team.
GERMANY - PE interested in Almatis
Reports suggest that Blackstone and Advent International are among several buyout houses interested in bidding for Dubai International Capital's (DIC) German aluminium business Almatis, which entered debt restructuring talks earlier this month.
BENELUX - PE interested in Intertrust
According to reports, several major buyout houses have expressed interest in making an offer for Intertrust, Fortis' former tax-advisory arm.
UK - Charterhouse acquires Candover's Wood Mackenzie for £553m
Charterhouse Capital Partners has agreed to acquire energy consultancy Wood Mackenzie, in a secondary buyout from beleaguered buyout house Candover valued at £553m.
GLOBAL - Barclays accepts BlackRock's offer for BGI
Barclays' board of directors has accepted BlackRock's offer to acquire its asset management division Barclays Global Investors (BGI), with the price tag thought to be around $10bn.
UK - GI Partners-backed The Orchid Group acquires BRB businesses
GI Partners-backed The Orchid Group has acquired 10 businesses from Birmingham-based Bar Room Bar (BRB), the pub group that collapsed in April.
POLAND - Enterprise Investors acquires PLN 16m Web Inn
Enterprise Investors has wholly acquired IT sourcing business Web Inn in a deal valued at PLN 16m (EUR 3.6m).
SWEDEN - Procuritas acquires Däckia from Goodyear
Procuritas, via its fund Procuritas Capital Investors IV, has acquired tire services chain Däckia Holding AB from Goodyear Dunlop Europe BV.
IRELAND - Permira interested in Eircom
According to reports, UK-based buyout house Permira is interested in acquiring infrastructure specialist Babcock & Brown-backed Irish telecom group Eircom.
Back to the Roots
German private equity is fighting a battle on several fronts and a number of disturbing trends have emerged over the last few months that could shape the industry for years to come. Mareen Goebel reports
ITALY - 21 Partners in Rgi delisting
Reports indicate that private equity firm 21 Partners and Sirius Holding could be moving to delist software company Rgi SpA.
FRANCE - Evolem purchases majority stake in Edé Ruy
Evolem has taken a majority share in Edé Ruy, a producer and distributor of food products to the restaurant sector.
EUROPE - Private equity interest in Thomas Cook
Both private equity and trade buyers are reportedly circling Thomas Cook, Europe's second biggest tour operator, after its majority stakeholder, German retailer Arcandor, filed for insolvency on Tuesday.