Buyouts
FRANCE – MBO Partenaires takes 50% stake in insurance company
MBO Partenaires has taken a stake of around 50% in property insurance company Lyonnaise de Garantie, backing the buyout of the firm by the company's two managers, Daniel Brèches and Pierre Belin.
UK - Langholm acquires majority stake in Tyrrells Potato Chips
Langholm Capital has acquired crisp company Tyrrells Potato Chips.
UK - Bowmark backs £75m buyout of Healthcare Homes
Bowmark Capital has backed the £75m buyout of elderly residential care provider Healthcare Homes from August Equity.
UK - Gresham acquires Johnson Clothing
Gresham Private Equity has backed the mangement buyout of corporate wear provider Johnson Clothing Ltd (JCL) from Johnson Service Group Plc (JSG). The completion of the deal is subject to shareholder approval.
UK - Endless supports buyout of four companies
Endless Private Equity has supported the management buyout of four trading companies from Amco Corporation Plc for £9.4m. Amalgamated Construction, Amco Drilling, Amco Plastics and Amco Developments have been acquired by new parent company Amco Group...
UK - HNW's back WorkSmart solutions MBI
A group of high-net-worth individuals has backed the management buy-in of niche compliance software business WorkSmart Solutions. The deal value is thought to be under £10m.
FRANCE – Edmond de Rothschild backs electronic systems solutions company
Edmond de Rothschild Investment Partners has invested EUR 1.4m in Innovation Developpment’s holding company ID finance with management investing EUR 2.2m. Senior debt was provided by Banque Populaire and Crédit Agricole Nord-est.
SPAIN – Mercapital readies acquisition of engineering firm
According to reports Mercapital is finalising a majority stake acquisition in Obras Subterraneas (Ossa) which it has valued at over EUR 200m.
UK - Bank of Scotland backs Tulloch Homes
Bank of Scotland Corporate's Joint Ventures business has acquired a 40% stake in house construction company Tulloch Homes Group.
SWITZERLAND/FRANCE – Argos Soditic tucks into Valora
Argos Soditic has bought three food production companies from Swiss logistics and retail holding company Valora Holding AG. Switzerland-based Roland Murten AG and Kägi Söhne AG and French company Cansimag France SA have been acquired for an undisclosed...
UK - NVM invests £5.6m in Axial Systems
NVM Private Equity has invested £5.6m in the management buyout of Axial Systems Ltd, a supplier of portable and distributed solutions for network management, analysis and security in the UK.
ITALY – MPS Ventures in IT acquisition
MPS Ventures and Sapient spa have acquired software company Gruppo Datel.
UK - Elysian Capital seals first deal
Mid-market firm Elysian Capital has backed the buyout of The Landscape Group Limited, a provider of landscape maintenance, street cleansing and horticultural construction services.
UK - Octopus in £16m MBO of Hydrobolt and Studbolt
Octopus Investments has acquired Hydrobolt Group Ltd and its sister company Studbolt in a £16m buyout. Octopus provided management with £4.5m to buy out the founder and majority shareholder. The group manufacturers and distributes high integrity fasteners...
FRANCE – CDC, Avenir and NCI purchase minority stake in Alkos
CDC Entreprises, its subsidiary Avenir Entreprises and NCI Gestion have acquired a 24% minority stake in Alkos Cosmétiques. Gérard Gieux, who has run the company since 1996, holds the remaining 76% stake. The investment has been used by Alkos to finance...
FINLAND - Investcorp acquires Asiakastieto from GMT
Investcorp togther with management has acquired Asiakastieto, Finland’s largest credit and business information company, for an undisclosed sum from GMT Communications Partners III LP.
ITALY - J Hirsch acquires 65% of Panini
J Hirsch & Co through its fund ILP III has acquired a 65% stake in Panini a company specialising in payment systems.
UK - Montagu and GIP complete Biffa take-private
Shares in Biffa, the waste disposal group, ceased trading on the London Stock Exchange this morning following its acquisition by Montagu Private Equity and Global Infrastructure Partners.
GERMANY - Industri Kapital to acquire Flabeg
Industri Kapital has agreed to acquire Flabeg from EquiVest funds, managed by CBR for an undisclosed amount.
RUSSIA – TPG acquires 50% of SIA for $800m
US fund TPG has invested approximately $800m in Russian drug distributor SIA International in exchange for a 50% stake. TPG acquired the stake from the founder, who holds the balance of the shares.
UK - Fidelity sells B&B Electronics
Fidelity Equity Partners has sold portfolio company B&B Electronics, an industrial connectivity products manufacturer, to Graham Partners for an undisclosed sum.
ITALY – Sigefi invests in shoe manufacturer
Sigefi has acquired a 49.4% stake in shoe manufacturer SCHMID in a management buyout deal. The transaction was carried out through its funds Siparex Midcap and Siparex Italia, which acquired 32.9% and 16.5% of the company respectively.
UK - Active acquires bike store chain
Active Private Equity has acquired FW Evans, owner of the bicycle store chain Evans Cycles. Debt to facilitate the deal was supplied by Lloyds TSB Corporate Markets.
UK - Iceni backs oil & gas HR company
Icenit Capital has acquired Mentor IMC, a specialist human resources provider to the oil and gas industry. A debt facility to support the deal was underwritten by RBS.