Buyouts
NORWAY - Norvestor acquires 70% of RenoNorden
Norvestor V LP has acquired 70% of waste collection company RenoNorden AS for an undisclosed sum. The previous owners and the management retain a 30% stake in the business.
FRANCE – 21 Investimenti acquires 80% stake in Club Med Gym
21 Investimenti has acquired an 80% stake in Club Med Gym in a deal valued at EUR 74m.
GERMANY - Cinven acquires Jost Group from Silverfleet Capital
Cinven has agreed to sell vehicles components manufacturer Jost Group to Silverfleet Capital for an undisclosed amount. The equity is invested from the fourth Cinven Fund.
UK - Cinven completes EUR 200m SBO of Partnership Assurance
Cinven has acquired retirement solutions provider Partnership Assurance for a total consideration of around EUR 200m in a secondary buyout from Phoenix Equity Partners.
SPAIN – Benson Elliot Capital acquires stake in real estate developer
Private equity real estate firm Benson Elliot Capital Management has acquired a 70% stake in Spanish developer Promobuilding SL for an undisclosed sum. The balance stake will be retained by the management.
GERMANY - GMT and Peacock acquire Bigpoint for EUR 70m
GMT Communications Partners, together with the Peacock Equity Fund, a joint venture between GE Commercial Finance’s Media, Communications & Entertainment business and NBC Universal, have agreed to acquire browser-based multiplayer online games company...
UK - RBS backs secondary MBO of PSCA
Royal Bank of Scotland's Total Capital Finance division has backed the secondary management buyout of PSCA International, a provider of publications, media information and events to the public sector, from Aberdeen Asset Managers for an undisclosed sum.
CEE - Intel Capital and 3TS invest EUR 28m into Internet Mall
Intel Capital and 3TS Capital Partners have, through the holding company Netretail Holding, acquired a minority stake in Czech online retailer Internet Mall for EUR 28m. The founders retain control of the company.
SPAIN – Mercapital acquires Obras Subterraneas
It is understood that Mercapital has completed an investment in engineering firm Obras Subterraneas. The deal value was not disclosed but sources close to the deal estimate that the transaction could be worth EUR 150m including debt.
ITALY – Private equity interest in financial data supplier
According to reports, a number of private equity frims, including De Agostini-Investitori Associati, Bain Capital, Argan Capital, BC Partners, Apax, Clessidra and Candover, are interested in acquiring financial data provider Cerved Business Information.
CEE - Kerten acquires three Polish companies
Kerten Capital has acquired three Polish companies: SKS Pipes, a plastic pipes manufacturer, and Kamot and Kisan, both of which are car components assembling businesses.
CEE - Abris Capital acquires a stake in Fundusz
Abris Capital has acquired a stake in Fundusz Mikro, a Polish micro loan provider.
GERMANY - Barclays Private Equity acquires Konrad Hornschuch
Barclays Private Equity has acquired surfaces specialist Konrad Hornschuch AG from a syndicate comprising DZ Equity Partner, L-EA, the mid-cap funds of state-owned L-Bank, and the management, for an undisclosed amount. The management retains a significant...
GERMANY - AUCTUS finances Career Partner portfolio acquisition
AUCTUS funds have, together with Dr Florian Schütz, acquired hotel and tourism management school Steigenberger Akademie as part of a buy-and-build strategy for portfolio company Career Partner.
FRANCE - Financière Agache Private Equity takes 37% of Paprec
Financière Agache Private Equity, part of Groupe Arnault, has taken a 37.74% stake in recycling business Paprec for EUR 100m. The founder and CEO Jean-Luc Petithuguenin has rolled over a 38% holding through holding company JLPP.
UK - Aberdeen backs buyout of Nessco
Aberdeen Asset Managers Growth Capital has led an equity investment of £4m to support the management buyout of Nessco Group, a telecommunications services provider.
ITALY - Mandarin Capital takes control of Gasket
Mandarin Capital Partners has acquired a majority stake in industrial manufacturer Gasket, with the founding owners retaining the balance.
NETHERLANDS - Summit Partners invests in Flow Traders
Summit Partners has acquired a minority stake in Flow Traders, an electronic trading firm.
UK - L Capital et al acquire Princess Yachts
A consortium including Groupe Arnault, LVMH and L Capital has acquired yachting brand Princess Yachts International Plc, with market rumour putting the value of the deal at around £200m.
SPAIN – Private equity interest in Seur
According to reports, courier company Seur's shareholders have charged investment bank Arcano with the analysis of purchase offers, with several private equity houses and France's La Poste amongst those that have shown an interest in the business.
FRANCE - Weinberg Capital Partners takes majority stake in Groupe Amplitude
Weinberg Capital Partners has acquired a majority stake in hip and knee implant specialist Groupe Amplitude alongside the founders and original investor Initiative & Finance.
UK - Lehman Brothers invest in Graphite Resources
Lehman Brothers Private Equity has, alongside management and other investors, completed the buyout of waste management company Graphite Resources, taking a 45.3% stake in the business.
GERMANY - Barclays Private Equity backs MBO of Novem Group
Barclays Private Equity has, alongside the management, acquired Novem Group, a manufacturer of car interior design products consisting of CID Car Interior Design Holding GmbH and all subsidiaries, for an undisclosed amount. Barclays Private Equity will...
UK - LGV acquires SandpiperCI division
LGV Capital has acquired the Hospitality Division of Duke Street-owned SandpiperCI, a Jersey-based food retailer.