Buyouts
FRANCE - Althera and Sopromec acquire Clairvoie
Althera Capital and Sopromec have acquired specialty food retailer Clairvoie in a secondary buyout, alongside the company's manager Bruno Madelaine.
NETHERLANDS - H2 Equity Partners interested in Golden Tulip
According to reports, Dutch private equity firm H2 Equity Partners would be among those interested in acquiring struggling hotel chain Golden Tulip.
UK- MBO in the cards for Robert Dyas
Reports suggest that hardware retailer Robert Dyas is in talks with its main backer Lloyds TSB over a potential management buyout.
GERMANY – S-UBG backs MBO of Jouhsen-bündgens
S-UBG AG has alongside management increased its stake in portfolio company Jouhsen-bündgens Maschinenbau GmbH to 100%, acquiring outstanding shares from the company's founder.
GERMANY – IPIC acquires 70% of MAN Ferrostaal
The International Petroleum Investment Company of Abu Dhabi (IPIC) has acquired 70% of the shares of MAN Ferrostaal AG from MAN AG, which retains a 30% stake. MAN Ferrostaal will continue as an independent company.
UK- RCapital buys distressed Morses Club
Private investment boutique RCapital has acquired home collected credit provider Morses Club from Ernst & Young's administrators of London Scottish Finance Limited for an undisclosed sum.
GERMANY - Pamplona backs all-equity buyout of automotive supplier
Pamplona Capital Management has, alongside the senior management team of the business, acquired automotive supplier TMD Friction from insolvency in an all-equity transaction.
UK - BPE to buy Kaboose's UK operations in £54m deal
Barclays Private Equity has agreed to acquire Canadian family-focused online media company Kaboose's UK business, Bounty Group Ltd, in a deal valued at £54m.
SWEDEN - Axcel acquires LGT from Litorina
Axcel has, alongside management, acquired logistics business LGT from Swedish private equity firm Litorina for an undisclosed sum.
UK - MML Capital backs £31m Vanguard MBO
MML Capital Partners has backed the £31m management buyout of surgical and diagnostic facility provider Vanguard Healthcare Solutions, providing a mezzanine loan alongside a significant equity investment.
Buyout focus - Southern European sunshine
As Europe licks its fresh wounds, Italy and Portugal are making hey, but can the sunshine last in Southern Europe or will the storm clouds from the rest of Europe blow in? By Francinia Protti-Alvarez
DENMARK - Polaris creates Alliance+
Polars Private Equity has completed the acquisition of two cleaning companies, Kølving & Thaning and Alliance Clean & Care, which will be merged under the name Alliance +.
ITALY - Orlando and Atlantis interested in Diadora
Market speculation suggests that Orlando Italy and Atlantis Capital are interested in acquiring sport apparel business Diadora.
ITALY - De Longhi interested in PAI’s Saeco
According to reports, Italian household appliance brand De' Longhi is one of several corporate groups to have expressed interest in acquiring PAI-backed coffee machine manufacturer Saeco.
ITALY - Carlyle interested in Italpretroli storage assets
According to reports, Carlyle is among the three parties interested in acquiring the oil storage assets of Italpetroli, which to be valued at between EUR 90-100m.
AUSTRIA - Private equity circles Constantia
According to press reports, several private equity funds including EQT and Nordic Capital are entering the second round of bidding for heiress Christine de Castelbajac's stake in listed holding Constantia Packaging.
CZECH REPUBLIC - Odien interested in CSA
According to reports, Turkish/Czech private equity firm Odien is one of four parties that is thought to have presented a takeover bid for Czech Airlines, with press speculation putting the potential deal value at around CZK 5bn (approximately EUR 183m).
UK – KCP supports £3.6m Sabotage BIMBO
Key Capital Partners has backed the buy-in management buyout of fashion business Sabotage Ltd, which trades as Fly53, in a deal valued at £3.6m.
FRANCE - Barclays PE acquires Compin
Barclays Private Equity has finalised the purchase of a majority stake in Compin Group, a railway fittings and front-ends company, from LBO France.
NORWAY - Borea prepares for de-listing of Software Innovation
Norwegian buyout house Borea, through Borea Opportunity IV AS, has increased its stake in software developer Software Innovation ASA (SOI) to 90.4 % and initiates compulsory squeeze-out.
ROMANIA - GED backs EUR 12m Diamedix buyout
GED, a mid-market buyout house specialising in South-Eastern Europe, has invested EUR 12m to support the buyout of Romanian medical distributor Diamedix.
FRANCE - Azulis acquires stake in Finag
Azulis Capital, formerly Banexi Capital Partenaires, has backed the acquisition of household products manufacturer Finag group from the founder Alain Guiader, alongside the management team.
UK - Foresight backs ICA Group buyout with £2m investment
Foresight Group has invested £2m to back the buyout of ICA Group Ltd, a document management solutions provider.