Buyouts
FRANCE – Sofimac and SGPE Lead OBO of APIA
Sofimac and SGPE both lead an OBO of APIA with an investment of EUR 1.05m each. Also investing were Centre Capital Development with EUR 350,000, Neoveris who invested EUR 300,000 and Centre Loire Expansion to the tune of EUR 100,000. Apia recorded a turnover...
UK - HSBC Private Equity backs the buyout of Transmission & Distribution Group
HSBC Private Equity has supported the buyout of Transmission & Distribution Group (TDG). TDG specialises in providing condition monitoring systems for electrical utilities and heavy industry. TDG is the parent company of Diagnostic Monitoring Systems...
SPAIN - Magnum acquires EUR 200m logistics firm
Magnum Industrial has signed the agreement for the acquisition of an 80% stake in infrastructures logistics firm Pretersa-Prenavisa.
UK - LDC backs MBO of JCC Lighting
LDC has financed the management buyout of JCC Lighting, a global lighting fixtures group, for an undisclosed sum. LDC has invested a figure of less than ТЃ10m for a majority equity stake in the business. Royal Bank of Scotland provided a debt package...
FRANCE – Nempartners acquires 5.1% of Proméo
Nempartners acquired 5.1% of Groupe Proméo via its Nem Invest fund. The Ganiveq family retains a majority 41% while Batipart has a 30% stake. Proméo recorded a turnover of EUR 84.3m in 2006 and achieved 20% growth in 2007 recording a turnover of EUR 125m....
NORWAY – 3i acquires Active Pharmaceutical Ingredients for $395m
3i has backed the buyout of Active Pharmaceuticals Ingredients, an Oslo-based supplier and developer of pharmaceutical ingredients and division of NYSE-listed Alpharma Inc, for $395m.
GERMANY - AUCTUS Management acquires 80% of Hobatex GmbH
Funds managed by AUCTUS Management & Co. KG have acquired 80% of the shares of specialised wood applications company Hobatex GmbH for an undisclosed sum. Hobatex is an international trader and service provider for specialised wood applications. Major...
NORWAY - CapMan builds new Nordic logistics group
CapMan has acquired approximately 65% of Swedish Globex AB and Norwegian Cargo Partners and STS Group, in a move to build a new Nordic logistics group, for an undisclosed value.
FINLAND - Nokia to divest Automotive Business to Equity Partners et al.
According to reports, Nokia is in the process of negotiating the sale its automotive business to the former head of Nokia’s enhancement unit and the automotive business and Equity Partners GmbH.
FRANCE – Avenir Enterprises accompanies MBI of Pageard Maronneau
Avenir Enterprises completed an MBI of Pageard Maronneau with two exterior managers. The deal saw the founders’ son who privately held Pageards Maronneau exit his stake in the company while Avenir took 36% and the external managers took 64% of the shares....
UK - LGV sells Classic Hospitals Group to Cinven-backed Spire for £145m
LGV Capital has agreed to sell Classic Hospitals Group, the UKтs sixth largest private acute hospital operator, to Spire Healthcare (formerly BUPA Hospitals), which is controlled by funds managed by Cinven, for ТЃ145m. Classic Hospitals owns and operates...
UK - BOSIF acquires Verna Group from LGV
Bank of Scotland Integrated Finance (BOSIF) has backed the secondary management buyout of healthcare manufacturing business Verna Group Holdings Ltd from LGV. The value of the deal is undisclosed. BOSIF takes a minority stake in the newco. Bolton-based...
FRANCE - Turenne Capital leads EUR 6.2m LBO of Dedienne Santé
Turenne Capital has led the EUR 6.2m LBO of Dedienne Santé via funds under its management and Turenne Investssement, the latter investing EUR 2.95m. The deal saw Turenne purchase a majority share of the medical equipment company ahead of Banques Populaire...
FRANCE – Barclays Private Equity back EUR 60m buyout of Martek Power
Barclays Private Equity (BPE) has backed the management buyout of Martek Power. The deal sees BPE invest alongside the founder and management to take a 60% stake in the business. Non-executive family members exit their shares in the company at this time,...
SPAIN - N+1 closes third fund on EUR 500m
N+1 has closed its third vehicle with subscriptions worth EUR 500m after only a four month fundraising period.
DENMARK - Polaris acquires Tøjeksperten for DKK 900m
Polaris Private Equity has acquired Tøjeksperten, a Danish mens clothing retailer for DKK 900m.
BELGIUM - KBC and Defiac acquire Dark
KBC Private Equity and Defiac have acquired Dark, a Belgian lighting manufacturer.
GERMANY - Argantis acquires majority of W.I.S. in MBO
Argantis has, together with the management, acquired the majority of the shares of W.I.S. Holding GmbH & Co. KG for an undisclosed sum. The former shareholders retain an interest in the company.
UK - Apax, Cinven, CVC and Permira circle M&B
Pub operator Mitchells & Butlers (M&B) is being circled by large private equity players following the group's announcement of a strategic review earlier this week. Apax, Cinven, CVC, Permira and Texas Pacific Group have all been named as potential suitors...
ITALY - Intesa Sanpaolo acquires Centroplast
Intesa Sanpaolo has led the acquisition of packaging company Centroplast in a management buyout deal.
FRANCE – Rothschild Capital Partners takes majority stake in NextPool
In a propriety LBO deal, Edmond de Rothschild Capital Partners took a majority stake in swimming pool equipment manufacturer NextPool Group alongside CEO, Régis Roux and members of the board of directors who also become shareholders. The deal sees investors...
FRANCE - Alpha Associés Conseil invests EUR 15m in Babilou
Alpha Associés Conseil invested EUR 15m in Babilou in return for around a third of the equity while the management retains around two thirds. Babilou had a turnover of EUR 9m in 2007 and predicts an increase to EUR 18m in 2008.
FRANCE – Alpha Associés Conseil acquire around 70% of the Frial Group
In a deal worth over EUR 50m, Alpha Associés Conseil acquired around 70% of the Frial Group from the two founding families via The Alpha Private Equity Funds 5 (APEF5). The management has invested alongside taking their stake in newco Glacies Holding...