Buyouts
UK - Sovereign acquires Lord Group
Sovereign Capital, through its portfolio company Kinetics Group, has acquired fabric maintenance provider The Lord Group Ltd.
UK - Quilvest acquires Yo! Sushi from Primary Capital
Quilvest Private Equity has bought sushi bar chain Yo! Sushi from Primary Capital in a reported £51m deal.
UK - ECI makes £60m offer for Premier Research Group
ECI Partners has made an offer to acquire clinical services provider Premier Research Group (PRG). The enterprise value of the deal is £100m.
GERMANY - Square Four Investments acquires Erich Rohde KG
Square Four Investments has, together with investment bank Morgan Stanley, acquired insolvent Erich Rohde KG Schuhfabriken, a shoe manufacturer, for an undisclosed amount.
FRANCE – Perfectis acquires Groupe Larosa
Perfectis Private Equity has acquired Groupe Larosa in a secondary LBO. Perfectis has taken a 60% stake in Groupe Larosa in a deal which represents an exit for IRDI. The management holds the remaining 40% of Groupe Larose.
CEE – Penta to acquire Semya for US$ 200m
According to sources, Penta Investments is to acquire Russian supermarket chain Semya for US $200m.
LUXEMBOURG – GIC SI invests US$1.5bn in Sintonia SA
GIC Special Investments (GIC SI), the private equity investment arm of GIC, has acquired 3% of Sintonia SA for US$1.5bn. The vendor is Milan-based Benetton-owned company Sintonia SpA.
UK - Sovereign wins auction for WCLS
Sovereign Capital has won the auction to buy educational firm World Class Learning Schools (WCLS) for approximately $75m, according to press reports.
UK - Inflexion backs buyout of Pims
Inflexion Private Equity has led the management buyout of waste water support services company Pims Group. It acquired the company from Gresham Private Equity who made a 3.4x return from the exit.
UK - NBGI buys T Jolly
NBGI Private Equiy has backed the management buyout of mechanical and electrical engineering services provider T Jolly Ltd. The value of deal has not been disclosed. Debt has been provided by Svenska Handelsbanken AB.
FRANCE – MBO Partenaires takes 35% stake in BFD
MBO Partenaires has taken a 35% minority stake in banking and finance information systems company BFD. The remaining stake is retained by founder Philippe Michelin. The senior debt package was provided by Société Générale and CIC.
ITALY – Investitori Associati in Meridionale Meccanica MBI
Investitori Associati has acquired railway security and diagnostics company Meridionale Meccanica (Mer Mec) in a management buy-in deal. The management team will retain a stake in the company.
PORTUGAL – Explorer acquires private security companies
Explorer Investments has acquired three private security companies Palanca, 4 Esse and Prosecom as part of a market consolidation strategy.
UK - Barclays Ventures acquires building contractor
Barclays Ventures has acquired Strategic Team Group, a building contractor to the public and private sector, in a deal valued at approximately £11m. Barclays Ventures has invested for a minority stake.
GERMANY - NIBC Capital Partners acquires Gebr Reinfurt
NIBC Capital Partners has acquired German ball bearings manufacturer Gebr Reinfurt GmbH Co KG from its current eight family shareholders for an undisclosed amount.
Denmark – Mid Europa acquires Disa from Procuritas
Mid Europa has acquired Disa, a company operating in the global moulding and metal surface preparation markets, from Procuritas Capital Investors III. The sale is subject to approval from competition authorities, expected in the first half of 2008. Procuritas...
DENMARK - Axcel acquires 60% of Pandora
Axcel has acquired 60% of Pandora, a Danish jewellery manufacturer, from its two founders, Per and Winnie Enevoldsen, their son and a number of senior staff, for an undisclosed value. The current owners will re-invest along with Axcel and hold the remaining...
SWITZERLAND - Riverside acquires EM Test Group
The Riverside Company has acquired EM Test Group for an undisclosed amount. The investment was made from REF III.
GREECE - Vivartia strengthens its position in the Greek food market
MIG's food and beverage investment arm, Vivartia, is preparing a bid for the Everest group and Olympic catering, both Athens-listed food service companies. The deal will be done through newly created holding company Alkmini Catering. Vivartia owns 51%...
SWEDEN - Altor to purchase Papyrus
Altor has agreed to back the buyout of Swedish paper business Payprus from existing parent Stora Enso. Göteborg-based Papyrus retains its management team and will pursue an acquisitive growth strategy following the deal. Handelsbanken is providing debt...
UK - Cognetas and Englefield acquire Morrison Utility Services
Cognetas and Englefield Capital have jointly acquired Morrison Utility Sevices, part of Anglican Water Group, for £135m in a management buyout.
CEE - Marfin Investment acquires 75% of Sunce for EUR 155m
Marfin Investment Group (MIG) has acquired 75% of Croatian tourism and leisure company Sunce for EUR 155m. Sunce and MIG will develop Stubicke Toplice, a health tourism project and public-private-partnership alongside the County of Krapina and Zagorje,...
UK – ISIS leads £11m BIMBO of Nexus
ISIS Equity Partners has led an £11m buy-in/management buy-out of vehicle rental specialist Nexus Vehicle Management.
UK - LDC backs Omega Red
LDC has backed the buyout of lighting protection and electrical earthing systems business Omega Red.