Buyouts
GREECE - Marfin to to make EUR 62m Olympic acquisition
According to reports, Greek investment firm Marfin Investment Group is set to acquire Greek aircarrier Olympic Airlines in a deal valued at just over EUR 62m.
UK - Rutland Partners interested in JJB Sports
According to reports, Rutland Partners is said to have made an approach to JJB Sports regarding a possible acquisition of the firms health and fitness arm.
POLAND - ARX backs pet retailer Kakadu
ARX Equity Partners, an independent firm spawned from DBG Eastern Europe, has acquired a majority stake in Polish retailer Kakadu Sp. z o.o.
UK - LDC and Advent merge portfolio companies in £72m deal
LDC and Advent Venture Partners have merged their respective portfolio companies Snell & Wilcox and Pro-Bel, both broadcasting technology providers, in a deal valued at around £72m.
FRANCE - 21 Centrale Partners to purchase Arjowiggins’ security unit
21 Centrale Partners is in exclusive negotiations to purchase Arjowiggins' security unit for an enterprise value of EUR 350m. A pool of ten banks are reportedly working on organising debt to fund the acquisition.
GERMANY - Odewald KMU acquires Ebert Hera Holding
Odewald KMU has acquired the majority of Ebert Hera Holding for an undisclosed sum.
GERMANY - BayBG invests into C&R Stahlhandel GmbH
BayBG Bayerische Beteiligungsgesellschaft has invested an undisclosed sum into steel components trading company C&R Stahlhandel GmbH in a silent partnership.
FRANCE - Céréa and Banexi acquire Martine Spécialités
Céréa Capital and Banexi Capital Partenaires have acquired frozen food producer Martine Spécialités from listed UK group Premier Foods in a managment buyout.
UK/IRELAND – KPS acquires Waterford Wedgwood
US buyout house KPS has signed the purchase agreement of glassware and crockery group Waterford Wedgwood which entered into receivership earlier this year.
FRANCE - TowerBrook to take over Autodistribution in French "pre-pack"
According to reports, UK-based private equity group TowerBrook Capital Partners is planning to take ownership of French auto supplier Autodistribution in a restructuring deal.
SPAIN - Ibersuizas and Realza acquire Hofmann
Spanish private equity firms Ibersuizas and Realza Capital have acquired an 80% stake in photo album specialist Hofmann, with the balance being retained by the founding family and company head Vicente Fernandez.
UK - Foresight invests £3.75m to support Diagnos BIMBO
Foresight has supported the BIMBO of software company Diagnos Ltd with an equity investment of close to £4m.
UK - AFM supports Greenberg acquisition
Alliance Fund Managers (AFM) has, through its MSIF Mezzanine Fund, provided a £250,000 mezzanine loan to support glass supplier GG Glass & Glazing in the acquisition of the assets of Greenberg Glass, in a deal worth £400,000.
SPAIN - N+1 downsizes fund
It is understood that Spanish asset manager and private equity house has downsized the size of its EQMC fund by 30%.
SPAIN - Doughty Hanson in talks over Yoigo deal
According to reports, UK buyout house Doughty Hanson is in talks regarding an investment into Spanish mobile business Yoigo with majority owner Swedish-Finnish telephone operator TeliaSonera.
FRANCE - Pragma leads Leyton & Associés SBO
Pragma Capital has acquired a majority stake in consultancy Leyton & Associés as part of a EUR 130m secondary management buyout of the firm from iXEN Partners and Capzanine, with listed Belgian investor Gimv co-investing and taking a minority interest.
UK - Graphite embarks on timber buy-and-build
Graphite Capital has acquired a majority stake in timber windows producer Performance Window Group (PWG) for an undisclosed sum.
NORWAY - Herkules buys Tilbords from subsidiary
Norwegian buyout house Herkules Capital has acquired kitchen and interior products retailer, Tilbords, from Nordic Interior Group (NIG), a portfolio company in Herkules Private Equity Fund II.
FINLAND - Bridgepoint to de-list Terveystalo
Pan-European buyout house Bridgepoint has received acceptance from approximately 96% of shareholders of listed Finnish healthcare provider Terveystalo Healthcare Oyj for its EUR 2 per share takeover bid.
ITALY - AXA PE takes minority stake in TRE & Partners
AXA Private equity has taken a 45% stake in TRE & Partners, a newly established holding company designed to invest in wind, hydro and solar projects in Italy, as part of a joint venture with Italian industrial group Tozzi.
GERMANY - BluO acquires Metro unit in EUR 10m deal
Private equity newcomer BluO has acquired Adler, the beleaguered fashion store unit of listed retailer Metro, in a deal thought to be worth EUR 10m.
Time to reset the bar
Norwegian LP Argentum recently received a government rescue package of NOK 2bn in response to a dearth of capital in the PE industry. Rikke Lilla Eckhoff investigates how funds will fare in this new environment
SWEDEN - Altor and Bure acquire Carnegie for SEK 2.3bn
Swedish private equity firms Altor Equity Partners and Bure Equity have jointly acquired Swedish investment bank Carnegie and its seperate business unit Max Matthiessen Holding, a pension and insurance adviser, from the Swedish National Debt Office for...