Buyouts
NORWAY - Reiten & Co acquires Brubakken
Reiten & Co Capital Partners VII has acquired a majority stake in Brubakken, a supplier of forklifts and material handling machines, for an undisclosed value.
UK - Shackleton Ventures raises fund and strikes deal
Shackleton Ventures has closed Shackleton Secondaries II LP (SSIILP), a £25m fund dedicated to secondary deals. The private equity house has also purchased 13 portfolio companies from 3i for an undisclosed amount.
UK - Matrix re-cap delivers 5x returns
Matrix Private Equity Partners (MPEP) has re-capitalised Holloway White Allom, a construction company. The deal was financed with £5m of cash and a £12m debt package from Lloyds TSB.
UK - Epi-V invests £5m in Guardian Global Technology Group
Oil and gas private equity fund Epi-V has invested £5m in Guardian Global Technology Group, a manufacturer of specialist measurement equipment used in oil field production.
SPAIN – N+1 acquires logistics firm
N+1 has acquired an 84% stake in logistics firm Bestin in a deal valued at EUR 26.8m. EUR 13.4m was provided in the form of a capital expansion and the other half as a participatory loan.
UK - New US player buys oil services company
Intervale Capital has acquired Aberdeen-based oil services company Hydrafit in a deal worth more than £20m. RBS supplied an £18m debt packaged to support the deal in addition to a £3.5m working capital facility.
FRANCE – OFI set to acquire Gault et Fremont
OFI Private Equity has signed an agreement with LBO France to purchase Gault et Fremont. The deal will see LBO France exit its interest in the company while OFI will hold a yet to be determined majority share alongside the management.
UK - Primary backs buyout of Pacific Direct
Primary Capital has acquired Pacific Direct, a supplier and manufacturer of branded toiletries and guest accessories to the luxury hotel and cruise line market.
UK - Catapult backs buyout of BWB Consulting
Catapult Venture Managers has supported the buyout of BWB Consulting Ltd, an engineering and environmental consultancy.
SPAIN – Suma Capital acquires engineering firm
Suma Capital has completed the acquisition of a 75% stake in engineering consulting firm Auding in a management buyout. The management team hold the balance of the shares.
FRANCE – Crédit Agricole invests in Conexia
Crédit Agricole Private Equity and Vaorem have purchased a 49% stake in Conexia Energy. Crédit Agricole made the investment via Capenergie, its FCPR energy fund. Vaorem is a developer and operator of wind farms based in Bègles.
CEE – RC II acquires 63% of Antares Hotels in EUR 8m deal
Reconstruction Capital II has acquired 63% of Romanian resort Antares hotel in a EUR 8m deal. The deal consisted of the acquisition of existing shares and subscription to new shares. This represents the first investment for Reconstruction Capital since...
UK - Candover-led consortium makes £1.6bn bid for Expro
A consortium of investors led by Candover also comprising Goldman Sachs Capital Partners and AlpInvest has made a £1.6bn offer for listed oil-field services provider Expro. The offer values each share at 1,435 pence, a premium of 54.9 per cent to the...
UK - Matrix backs buyout of Plastic Surgeon Fine Finishers
Matrix Private Equity has invested £2m to support the management buyout of Plastic Surgeon Fine Finishers, a provider of cosmetic surface repair services to the construction and housing industry. Matrix has acquired a 30% stake.
GERMANY/AUSTRIA - Waterland Private Equity acquires Windrose
Waterland Private Equity has acquired a majority stake in Windrose Fernreisen Touristik GmbH, a travel agency for high-end adventure and luxury travel. The current Windrose management team remains unchanged.
RUSSIA – East Capital to buy 20% of FIA Bank for EUR 15.5m
East Capital has agreed to acquire a 20% stake in FIA, a Russian bank operating in Samara, a region in the south west of the country, for EUR 15.5m.
UK - Private equity interest in Infineum
Private equity bidders have shown strong interest in Infineum, the oil additives venture run by Exxon Mobil and Royal Dutch Shell. It has been reported that a deal could value the company at as much as £1.5bn.
GERMANY - Apax acquires D+S Europe
Apax has made an offer for SDax-listed e-commerce service provider D+S Europe. Apax is reported to have offered EUR 13 per share, with the offer supported by the company's management.
UK - Sovereign acquires Paragon Education in £15m deal
Sovereign Capial has acquired Paragon Education and Skills Ltd, a provider of government-funded training in the South and Southwest of England in a £15m deal.
UK - Modus takes stake in Perspective Financial Group
Modus Private Equity has taken a 40% stake in Perspective Finanical Group (PFG), a newly formed holding company established to acquire independent financial advisers, in a £11.6m deal. A debt package, including mezzanine, was provided by Lloyds TSB Corporate...
SWEDEN - Accent Equity creates new packaging company
Accent Equity 2008 has backed the MBO of a new packaging company to be named Flextrus for an undisclosed value. The business has been acquired from Australian group, Amcor Flexibilities, which has owned the company unit since 2001.
UK - Zeus buys four hotels for £25m
Zeus Private Equity (ZPE) has bought four hotels to add to its Hallmark Hotel Group for the combined sum of £25m. Senior debt was provided by Allied Irish Bank.
GERMANY - Axa acquires Löwen Play from Waterland
Axa Private Equity has agreed to acquire Löwen Play GmbH from Waterland Private Equity in a transaction rumoured to be worth at least EUR 300m. Löwen Play GmbH is based in Bingen and operates more than 190 amusement arcades as well as a number of machines...
UK - Sovereign acquires World Class Learning Schools
Sovereign Capital has completed the £34m management buyout of educational firm World Class Learning Schools and Systems Ltd (WCLS).