Buyouts
SWEDEN - Norvestor acquires two online travel agents
Norvestor IV. L.P has acquired two Swedish online travel agents, Seat 24 Travel AB and SRG Online through newco European Travel Interactive AB (ETI).
SWEDEN - Nordic Capital takes Nefab private for SEK 1.184bn
NPNC Interessenter, a company jointly owned by Nordic Capital and the Nordgren/Pihl family, has made a public cash offer for the shares in Nefab AB. The bid to delist the company values it SEK 1.184bn. Nefab delivers complete packaging solutions to international...
FRANCE - Opinion poll specialist sold in secondary buyout
Ixen (formerly known as Natixis Industrie) has backed the secondary buyout of opinion polls specialist BVA from Edmond de Rothschild Invetsment Partners and Equity Vision.
FRANCE - Acto and fund-of-fund Quilvest back buyout of Ubiqus
Unquote" can exclusively reveal that Acto (Finama Private Equity) has backed the leveraged buyout of professional conference organiser Ubiqus, alongside its LP Quilvest, which made a direct co-investment.
UK - Beringea invests £2m in MBO of The Vending Corporation
Beringea has completed the management buyout of The Vending Corporation, a distributor of chilled beverage and snack vending machines. Beringea invested ТЃ2m through ProVen VCT and ProVen Growth & Income VCT, for a significant minority equity stake. The...
UK - TPG strengthens bid for Jaguar and Land Rover
Texas Pacific Group has strengthened its bid in the auction for Ford's UK assets Jaguar and Land Rover by appointing Bob Dover as an adviser. Dover was former chief executive of Jaguar and Land Rover. Other bidders, One Equity Partners and Ripplewood...
UK - Bestport backs £6m buyout of Hotelscene
Bestport Ventures has backed the ТЃ6m buyout of corporate travel booking company Hotelscene Group Ltd. Bestport invested ТЃ1.75m in the deal alongside debt provided by HSBC.
SWEDEN - Northzone and Amadeus acquires EPiServer for $23.5m
Northzone Ventures and Amadeus Capital Partnres have together with Peter Larsson acquired a majority stake in EPiServer for $23.5m. Peter Larsson joins the company as CEO. The founder, Mikael Runhem remains as shareholder and will be the compnay's CTO....
GERMANY - HgCapital exits Schenck Process via sale to Industri Kapital
Industri Kapital has acquired Schenck Process, a provider of industrial weighing, feeding, screening and automation equipment, from HgCapital. HgCapital bought Schenck in 2005 from D ürr AG and has grown the workforce to approximately 1,800 employees....
UK - Duke Street considers re-acquiring Esporta
Duke Street Capital is one of a number of private equity firms considering a bid for Esporta, the chain of gyms placed in administration last week. Duke Street owned Esporta from 2002-2006 before selling it to funds managed by the Halabi family for an...
UK - Sagitus Partners backs MBO of kitchen and bathroom distributor
Sagitus Partners has backed the management buyout of kitchen and bathroom distributor James Theobald Ltd. The deal was supported by debt provided by Clydesdale Bank. Financial details of the deal were not disclosed.
UK - BOSIF backs £783m MBO of community regeneration specialist
Bank of Scotland Integrated Finance has backed the ТЃ783m management buyout of community regeneration specialist Keepmoat Plc. The privately held Plc was divested by private shareholders via an auction process run by Deloitte. Bridgepoint and 3i had previously...
UK - Blackstone eyes New Look
It is understood that New Look is likely to be acquired by Blackstone. Apax and Permira, New Look's current owners, are reported to be in talks with Blackstone about the deal. The news of a secondary buyout follows a pulled auction process earlier this...
CEE - AIG acquires 90% stake in BTC
AIG Capital Partners has acquired a 90% stake in Bulgarian Telecommunications Company following approval from relevant regulatory authorities. AIG will launch a tender offer for the remainder of the company’s shares, which are currently listed on the...
UK - Bridges Ventures invests £1.35m in Sealskinz
Bridges Ventures has backed the management buyout of SealSkinz, a Norfolk-based manufacturer of unique waterproof socks and gloves designed for bikers and hikers. Bridges is investing ТЃ1.35m alongside a management team to buy the company from its parent...
NORWAY - FSN acquires five clinics
FSN Capital has acquired Klinikk Stokkan, Tromso Private Sykehus, Colosseumklikken Legeavdeling, Colosseumklinikken Stavanger and Nobel Clinic Norge, five Norway-based clinics. The acquisition was made from FSN Capital II, a EUR 151m vehicle which closed...
FINLAND/SWEDEN - Riverside backs buyout of Nordic steel specialist
Mid-market specialist Riverside Company has acquired Nordic manufacturer Keycast and its subsidiaries, including Combi Wear Parts. The company specializes in steel casting and operates from four foundries in Finland and Sweden. The company’s customers...
UK - BOSIF backs secondary buyout of Polypipe
Bank of Scotland has provided an integrated debt and equity package to support the secondary management buyout of Polypipe, a manufacturer of plastic piping and sanitary systems for the UK and European construction markets. The deal represents an exit...
AUSTRIA –Leobersdorfer Maschinenfabrik changes hands
Invest Equity and Nord Holding have exited their stakes in manufacturer of high pressure compressor systems, Leobersdorfer Maschinenfabrik AG, for an undisclosed amount to Equita. RW Baird & Co ran the auction process.
UK - Exponent acquires Cardsave from RJD, Morley Fund Managers and LDC
Exponent Private Equity has acquired Cardsave, a supplier of credit card terminals and services to independent retailers. The company was bought from a consortium of shareholders which included RJD Partners, Morley Fund Management and LDC. Lloyds TSB...
UK - Bowmark acquires Las Iguanas from Piper Private Equity for £27m
Bowmark Capital has acquired Las Iguanas, a chain of Latin American restaurants, in a ТЃ27m buyout. The transaction provided an exit for Piper Private Equity, which invested ТЃ3.4m in the business in July 2002. Piper has reaped returns of 6x its investment...
FRANCE - UI Gestion backs F2A's secondary buyout
UI Gestion has acquired a majority stake in ventilation equipment manufacturer F2A, previously backed by Finadvance and Ciclad.
SPAIN – Clave Mayor leads buyout of Natural Food
Clave Mayor has wholly acquired Natural Food alongside industrial backer George Stravrakakis.
UK - Blackstones quits plans to delist FKI
Blackstone has ended talks with engineering group FKI about a possible ТЃ768m take-private deal. The London-listed group announced that it was in contact with a suitor in May this year.