Buyouts
SWEDEN - Primaca Group completes EUR 15m Metso acquisition
Primaca Group has bought Metso Foundries Karlstad AB, a manufacturer of large, hand-molded iron castings, for EUR 15m from Metso Corporation. The vendor will retain a 16.7% stake in the new company, Heavycast AB.
UK - Azini acquires Lynx Capital Ventures
Azini 1 has acquired the 85% interest owned by Bear Stearns Capital in Lynx Capital Ventures LP, as well the entire share capital of Lynx Capital Ventures GP Ltd from Bear Stearns Asset Management.
SWEDEN - Volati acquires Sandberg
Volati has acquired the Swedish engineering firm Ragnar Sandberg & Söner Mekaniska Verkstad for an undisclosed sum from the Sandberg family.
UK - Barclays Ventures backs £10m JBM buyout
Barclays Ventures has supported the £10m buyout of aluminium and waste recycler JBM International, taking a minority stake in the business.
NORWAY - EQT will not get Choice
According to reports, EQT’s takeover offer for Norwegian hotel chain Choice Hotels has been rejected by the owner, Petter Stordalen.
UK - Seraphim invests in Testplant
Seraphim Capital has invested £1m in Testplant Ltd, a newly established platform business designed to make acquisitions in the software testing market.
ESTONIA - BaltCap acquires medical diagnostics company
BaltCap has acquired a 75% stake in medical diagnostics company Quattromed HTI Laborid OÜ from private individuals and Finnish biotechnology company FIT Biotech Oy.
GERMANY - Auctus sells ZPF therm Maschinenbau
Auctus has sold 100% of its shares in ZPF therm Maschinenbau GmbH, a manufacturer of industrial furnaces and ancillary equipment for the aluminium-processing industry, to DZ Equity Partner GmbH.
UK - LDC acquires Leasedrive Velo from Lyceum for £80m
LDC has acquired vehicle management group Leasedrive Velo in an £80m secondary buyout from Lyceum Capital.
UK - August completes £37m SBO of Accura Support Services
August Private Equity has backed the £37m secondary buyout of support services company Accura Support Services Ltd from Barclays Ventures.
UK - CBPE backs £129m Warwick buyout
Close Brothers Private Equity (CBPE) has backed the £129m buyout of speciality chemicals business Warwick International from its US parent, Sequa Corp, which is owned by Carlyle Group.
GERMANY – caption backs MBO of svt Group
Capiton has, together with CFH and the management team, backed the MBO of svt Group, a provider of in fire protection and damage management systems, for an undisclosed sum.
SWITZERLAND - DEFI Gestion acquires Plumettaz
DEFI Gestion SA, via DEFI EuroCap III, has acquired cable machinery company Plumettaz SA from its family owners for an undisclosed sum. Messrs Gérard and Denis Plumettaz will remain in the group as minority shareholders.
UK - Alchemy completes £90m Noonan acquisition
Alchemy Partners has acquired cleaning company Noonan Services Group in a deal valued at over EUR 90m.
UK - Clayton, Dubilier & Rice acquires BTG for £417m
Clayton, Dubilier & Rice has agreed to acquire Bodycote Testing Group (BTG), the materials testing subsidiary of Bodycote Plc, in a deal valued at around £417m.
SWEDEN - Argan acquires Humana Group
Argan Capital has acquired a controlling stake in Humana Group, a provider of personal assistance services for individuals with functional impairments.
UK - GI Partners acquires Care Aspirations
GI Partners has acquired mental health services group Care Aspirations, in a deal believed to be worth between £60m and £70m.
FRANCE - Pragma stages buyout of Texa
Pragma Capital has completed a tertiary buyout of insurance company Texa from Abénex Capital for an undisclosed sum.
LATVIA - Argus et al acquire IZZI
Contaq Latvian Cable, Argus Capital and Syntaxis Capital have acquired Latvian cable television broadcaster IZZI SIA for an undisclosed sum. DnB NORD Banka and funds advised by Syntaxis Capital provided a senior debt and mezzanine package to support the...
GERMANY – Consortium backs TWK MBO
DZ Equity Partner and strategic investor addfinity industries GmbH & Co KG have backed a management buyout of TKW Technische Kunststoffteile und Werkzeugbau GmbH & Co KG, a provider of industrial plastic-injection moulding and multi-material components...
CEE - Apax in talks with NLB
Reports suggest that Apax Partners has entered exclusive talks regarding the purchase of the 30.6% stake in Nova Ljubljanska Banca (NLB), Slovenia's largest bank, currently held by Belgium's KBC after Blackstone pulled out of the EUR 900m auction.
FRANCE - Abénex Capital and Ixen purchase Buffalo Grill
Abénex Capital and Ixen have completed a secondary buyout of restaurant chain Buffalo Grill from Colony Capital and Eurazeo.
SWEDEN - AAC backs Helo acquisition of Tylö Group
AAC Capital has backed portfolio company Helo Group Oy in its acquisition of sauna company Tylö Group from the Janson family for an undisclosed sum.
GERMANY - ATS acquires GANYMED
ATS Beteiligungsverwaltung GmbH has acquired a majority stake in GANYMED Pharmaceuticals AG by purchasing shares held by Ingro Finanz, KfW, Landesbank Baden-Wuerttemberg (LBBW), Nextech Venture, Varuma, VI Partners, WFT and a number of private investors...