Buyouts

UK - 3i acquires financial adviser Bestinvest

3i has acquired independent investment managers and financial adviser Bestinvest. The terms of the acquisition are not disclosed. The deal enables the founder of Bestinvest to realise some value from the company which he established in 1986. Financial...

UK - YFM Group Backs £21m buyout of The RMS Group

YFM Group has completed its biggest single deal with ТЃ5.5m of funding to support the ТЃ21m buyout of shipping and logistics specialist RMS Group. YFM has invested from several of its managed funds: the Chandos Fund, Partnership Investment Finance, and...

GERMANY – HgCapital acquires SLV Group

HgCapital has acquired German lighting producer SLV Group from its founders. The transaction is executed on the basis of an enterprise value of EUR 320m and still requires the approval of the German Federal Cartel Office.

UK - Apax in the running for Loot?

Daily Mail and General Trust is reported to be selling classified advertising magazine Loot. Apax the co-owner of the Autotrader classified magazine brand with Gaurdian Media Group is understood to be interested in the title. Loot was valued at ТЃ190m...

UK - Private equity gears up for Ford's UK assets

One Equity Partners, Ripplewood Holdings and Cerberus Capital Management are amongst the private equity groups gearing up to make bids for Ford's UK assets. Ford is selling off Jaguar and Land Rover to slash its debts. Trade interest in the deal is limited...

UK - Endless acquires Homebuy in £22m buyout

Endless has acquired electrical and household goods supplier Homebuy in a ТЃ22m management buyout. Homebuy had a market capitalisation on AIM of ТЃ100m before entering administration in September 2006. Endless's investment alongside debt provided by Landsbanki...

UK - Endless backs buyout of DavyMarkham

Endless has backed the management buyout of heavy engineering business DavyMarkham Ltd. The investment will underpin the company's turnaround and enable DavyMarkham to re-establish itself as a world-leading brand in the heavy engineering market.

SPAIN - Magnum eyes construction business

Newly-established private equity house Magnum Industrial Partners is said to be nearing the final stages of the acquisition of civil construction business Eptisa. News reports suggest that the firm, currently fundraising for its EUR 800m fund, has the...

UK - LDC backs MBO of Kimberly Access

LDC has funded the management buyout of Kimberly Access Ltd, a business which rents powered access equipment. The deal represents an exit for the founder of the company. Royal Bank of Scotland provided debt to support the deal.

UK - NVM acquires Astbury Marsden in £17.5m deal

NVM Private Equity Ltd (NVM) has acquired Astbury Marsden, a specialist provider of recruitment services to the banking sector in the City of London, in a ТЃ17.5m deal. NVM invested ТЃ5.6m to facilitate the management buyout alongside debt provided by...

UK - Montagu acquires ghd brand from LDC

Montagu Private Equity has backed the ТЃ160m management buyout of the Jemella Group, the owner of the ghd hair straightening brand. The deal represents an exit for previous backers LDC who acquired the business in July 2006 for an undisclosed sum. Montagu...

UK - Providence re-enters the fray for Virgin Media

Providence Equity has expressed its interest in Virgin Media ten months on from its last play for the business. Providence was reported to be interested in bidding for the US-listed company in 2006 when it was known as NTL before its merger with Virgin...

UK - Matrix completes £6.5m MBO of DiGiCo

Matrix Private Equity Partners has financed the ТЃ6.5m management buyout of DiGiCo, a manufacturer of digital mixing consoles for post-production, broadcast, live performance and theatre markets across the world.