Buyouts
FRANCE – Decomeubles Partners acquires BUT for EUR 550m
Decomeubles Partners, which is backed by a consortium composed of Colony Capital, Goldman Sachs and Merchant Equity Partners, has acquired BUT for EUR 550m from Kesa Electricals. The EUR 550m purchase price is subject to adjustment for debt and other...
GERMANY - DZ Equity acquires melvo GmbH in a management buyout
DZ Equity Partner GmbH has acquired, together with the management, a 49% stake in footwear care products company melvo GmbH from HANNOVER Finanz for an undisclosed sum. Melvo GmbH was founded in 1998 as a subsidiary of shoe manufacturer Salamander Group...
FRANCE – Argos Soditic leads MBI of Groupe Mertz
Argos Soditic associated themselves with an external manager and current director Jérôme Begey to acquire Mertz SA and Mertz Conteneurs, collectively know as Groupe Mertz, in an MBI deal of undisclosed value.
UK - BOSIF invests £12m+ in Quartix
Bank of Scotland Integrated Finance has invested a combined debt and equity package in excess of ТЃ12m in Quartix Ltd, a supplier of vehicle tracking systems. As a result of the deal, BOSIF has taken a 20% stake in the business, the balance is held by...
UK - ISIS backs £20m buyout of software company
ISIS Equity Partners has completed the ТЃ20m management buyout of CSC, a structural engineering software company. Yorkshire Bank provided a debt package to support the deal.
CEE - Invest Equity buys Roltechnick
Invest Equity has acquired Roltechnick, a Czech sanitary company.
ITALY - Private Equity Partners acquire foundry Anselmi
Private Equity Partners has acquired foundry Anselmi in a management buyout deal.
UK - Zeus completes MBO of XLN Telecom
Zeus Private Equity (ZPE) has completed its fourth deal, backing the management buyout of telecommunications solutions provider, XLN Telecom Ltd. ZPE has invested ТЃ6.63m to acquire a majority stake in the business. Kaupthing Singer & Friedlander has...
UK - HgCapital looks for up to £150m from sale of Clarion Events
HgCapital portfolio company Clarion Events is on the block for a price of between ТЃ120-150m. The sale process for the events business which runs more than 50 events globally is being managed by Close Brothers Corporate Finance. It is understood that...
UK - Graphite, Advent and 3i gear up for Kurt Geiger
Graphite Capital, Advent International and 3i are reported to be amongst bidders in the final round of an auction to acquire Kurt Geiger. The designer shoe retailer is currently owned by Barclays Private Equity. Hawkpoint is running the process to divest...
SPAIN - Carlyle acquires petrochemical company MB Inspection
Carlyle-backed certification company Applus+ has acquired petrochemical company MB Inspection.
UK - Montagu to work with GIP on Biffa
Montagu Private Equity is reported to have agreed to work with Global Infrastructure Partners (GIP) on a ТЃ1.2bn bid for waste services company Biffa. Montagu had formerly tabled an offer for the listed-business alongside HgCapital but it is understood...
SWITZERLAND – Carlyle acquires KSC.net
The Carlyle Group has acquired, in partnership with management, KCS.net Holding AG, an Enterprise Resource Planning solution (ERP) vendor in an all-cash transaction.
UK - Buyout houses ready for Prêt
Advent International, Bridgepoint and Morgan Stanley are all reported to be preparing bids for UK sandwich chain PrУЊt a Manger. However, the ТЃ400m-plus price tag on the asset is unlikely to be realistic, owing not only to market wobbles but also to...
SPAIN - CVC acquires majority stake in restaurant chain
CVC-backed Grupo Zena has acquired a majority stake in restaurant chain La Vaca Argentina in a deal reportedly valued at EUR 18m.
UK - ISIS leads £7m investment in MBO of Playforce
ISIS Equity Partners has led a ТЃ7m investment to support the management buyout of Playforce, a supplier of children's play areas to schools. ISIS invested from its Baronsmead VCTs alongside debt underwritten by HSBC.
PORTUGAL - Explorer Investments acquires construction company
Explorer Investments has acquired industrial player Cosntrutora da Ferraria through its fund Explorer I.
UK - Zeus backs £22m+ buyout of networking services supplier
Zeus Private Equity has completed its third deal with the management buyout of networking services supplier Electranet (UK) Ltd. ZPE has invested ТЃ6m as part of a funding package worth more than ТЃ22m. HSBC provided senior debt and working capital facilities....
FINLAND - CapMan completes MBO of Varesvuo Partners
CapMan Buyout Fund VIII together with Roope Lerthinen and the company’s management, have completed a management buyout of Varesvuo Partners Oy, a Finnish television content and film production business for an undisclosed value.
DENMARK - Rumoured private equity interest in X-Yachts
It is rumoured that X-Yachts, a Danish yacht builder, is to be sold to a private equity firm.
GERMANY/BELGIUM- Buchanan Capital Partners' portfolio company Dehler makes acquisition
Buchanan Capital Partners’ portfolio company Dehler has acquired Belgian company ETAP Yachting for an undisclosed sum from the owner family. Through its Buchanan Unternehmer-Fonds I, Buchanan Capital Partners acquired a minority stake via a capital increase...
UK - JC Flowers eyes up Friends Provident again
The US private equity firm JC Flowers is believed to have offered 175p per share, or ТЃ4.1bn, for UK insurer Friends Provident. JC Flowers had shown an interest in Northern Rock at the early-stages of the "auction" for the lender. Last week, JC Flowers...
UK - Infrastructure player crashes Biffa deal with £1.5bn offer
Global Infrastructure Partners (GIP) is reported to be making a ТЃ1.5bn offer for waste services company Biffa. Last month, Biffa opened its books to HgCapital and Montagu Private Equity after they made a ТЃ1.2bn joint bid for the London-listed group....
ITALY - Ergon acquires 50% stake in industrial manufacturer
Belgian Ergon Capital Partners has agreed to acquire a 50% stake in Nicotra-Gebhardt from Fondo Interbancario d'Investimento Azionario in a deal valued at approximately EUR 80m.