Buyouts
FRANCE - Astorg Partners acquires Photonis from AXA Private Equity
Astorg Partners has signed an agreement with AXA Private Equity to acquire a majority stake in IT company Photonis.
SPAIN - N+1 completes EUR 160m MBA acquisition
N+1 has acquired medical prosthetics supplier MBA Incorporando in a management buyout deal valued at EUR 160m.
UK - RCapital acquires the Art Group
RCapital has acquired The Art Group, a developer of systems that allow art gallery visitors to purchase prints via the internet, in a secondary buyout from ISIS Equity Partners for an undisclosed sum.
PORTUGAL - Inter-Risco completes EUR 20m Frissul acquisition
Inter-Risco has announced the acquisition of logistics business Frissul Group in a deal valued at approximately EUR 20m. The deal was carried out through the newco, Cold Land SGPS SA, in which Inter-Risco holds an 80% stake and InovCapital the remaining...
SWEDEN - Valedo acquires BTI
Valedo Partners Fund I AB has acquired Broadcast Text International (BTI), a subtitling company, from ProSiebenSat.1 for an undisclosed sum.
UK - Hellman & Friedman to take SSP Holdings private
Hellman & Friedman and IT systems provider SSP Holdings Plc have signed an agreement to take the company private in a deal that values the company at approximately £198m, based on an offer price of 190 pence per share.
FRANCE - Partners buyout Partech International
Partech has announced the management buyout of its European subsidiary Partech International Partners. The deal was led by managing partners Philippe Collombel and Jean-Marc Patouillaud, and was supported by the firms investors, including CIC, 123Venture,...
UK - Phoenix acquires Expotel and NIS
Phoenix Equity Partners has completed the duel acquisitions of hotel booking agencies Expotel Hotel Reservations and NIS Europe for an undisclosed sum.
GERMANY - AURELIUS acquires Berentzen Group
Industrial holding AURELIUS has acquired 75.1% of beverage company Berentzen-Gruppe AG from the family owners, and will make a mandatory takeover offer for the remaining shares.
DENMARK/UK – Lion Capital acquires FoodVest from CapVest
Lion Capital has agreed to acquire FoodVest Group, a frozen food manufacturer, from funds advised by CapVest Limited for an undisclosed sum.
GERMANY - NORD Holding backs MBO of Schoeller-Electronics GmbH
NORD Holding Unternehmensbeteiligungsgesellschaft mbH has acquired the Wetter plant from the Ruwel Group as part of an MBO, for an undisclosed amount. Going forward the plant will once again operate under the name used at the end of the 90s; ‘Schoeller-Electronics...
UK - AFM backs buyout of Merseyside Metalworks
Alliance Fund Managers (AFM), through the MSIF Mezzanine Fund, has provided a £300,000 mezzanine loan to support the buyout of Merseyside Metalworks Ltd, a manufacturer and installer of specialist ductwork.
CEE - EK Fin acquires 34% of Papcel
EK Mittelstandsfinanzierungs AG (EK Fin) has acquired 34% of Czech mechanical engineering company Papcel for an undisclosed amount. The CEO and son of the owning family retains the balance of the shares.
SWITZERLAND - Capvis to acquire KVT from Kloeckner for EUR 325m
Capvis has agreed to acquire industrial supplier Koenig Verbindungstechnik from steel and metals distributor Kloeckner & Co for EUR 325m.
FRANCE - Distressed Belvédère a private equity target?
According to reports an undisclosed company and private equity buyout house are in talks regarding a debt for equity swap in Belvédère, an alcoholic drinks manufacturer.
UK - Finance Wales backs Vista buyout
Finance Wales has backed the buyout of Vista Support Services Group Ltd from its parent DigiPos Store Solutions Group.
GERMANY - LPR Capital acquires OLIGO Lichttechnik
LRP Capital has acquired lighting company OLIGO Lichttechnik for an undisclosed sum.
GERMANY - Granville Baird backs MBO of Meier Vakuumtechnik
Granville Baird has acquired majority stake in Meier Vakuumtechnik GmbH, a provider of equipment for photovoltaic solar cells, as part of a management buy-out.
ITALY - Stirling Square backs buyout of Microtecnica
Stirling Square Capital has backed the buyout of Microtecnica, a flight critical aerospace component and sub-system manufacturer, from Hamilton Sundstrand, a subsidiary of United Technologies Corp, for an undisclosed sum.
UK - Phoenix acquires LK Bennett
Phoenix Equity Partners and Sirius Equity have agreed to invest in fashion brand LK Bennett in a deal rumoured to be worth around £100m.
UK - Fidelity acquires Picsolve in £33m deal
Fidelity Equity Partners has acquired photographic systems and services provider Picsolve International from its formers investors, led by Meridian Equity, in a £33m deal.
UK - Advent wins auction for Craegmoor
Advent International has acquired Craegmoor Healthcare Group from LGV Capital, beating off competition from nursing home operator Southern Cross Healthcare in the final round of bids.
SWEDEN - Riverside acquires MekoTeknik
The Riverside Company, via Riverside Europe Fund III (REF III), has acquired MekoTeknik, a Swedish precision steel machining company for a total consideration of between EUR 5m and EUR 10m. A mezzanine tranche was provided by Eqvitec Mezzanine to support...
NETHERLANDS - Lion Capital and Egeria acquire Ad van Geloven
Lion Capital and Egeria have acquired Ad vang Geloven, a Dutch producer of frozen meal components.