Buyouts
AUSTRIA – Darby commits EUR 20m to DDSG Cargo buyout
Darby Converging Europe Mezzanine Fund has committed EUR 20m to a EUR 100m leveraged buyout of river transportation company DDSG Cargo Group by East Point Holdings, a Serbian-controlled conglomerate.
GERMANY – Bain Capital buys yacht manufacturer
Bain Capital has acquired Bavaria Yachtbau GmbH from the founding families Herrmann and Meltl for an undisclosed amount.
GERMANY – Terra Firma sells 50% of Tank & Rast
Terra Firma has sold 50% of German motorway service operator Tank & Rast to RREEF, the global alternative investment management business of Deutsche Bank’s Asset Management division. The transaction value has not been disclosed. The financial investors...
UK - Duke Street and Europa in £260m buyout of Channel Islands group
Duke Street Capital and Europa Capital have made a recommended offer for Jersey-based company C.I. Traders Ltd. The proposal values the business at approximately ТЃ260m and includes funds provided by Uberior Co-Investments Ltd, a Bank of Scotland-owned...
CEE - Mid Europa Partners completes first ever leveraged buyout in Serbia
Mid Europa Partners has acquired a controlling stake in Serbia Broadband (SBB) from SEEF I fund, managed by Bedminster Capital Management. The deal represented the first leveraged buyout in Serbia.
UK - Dunedin backs £16m MBO of Fernau Avionics
Dunedin has backed the ТЃ16m management buyout of navigational equipment manufacturer Fernau Avionics from Canadian-based Glendale International Corp. Dunedin invested ТЃ8m in return for a majority stake in the newco.
UK - 3i set to profit further from NCP Services exit
Three months after selling the car park arm of NCP, 3i is to see further realisations from the divestment of NCP Services. Macquarie Infrastructure acquired NCP Car Parks in March 2007 in a ТЃ790m transaction generating returns of 3x for 3i. 3i is now...
UK - Exponent portfolio company Trainline makes £18.7m acquisition
Exponent Private Equity portfolio company Trainline, an online retailer of train tickets, has acquired Advanced Smartcard Technologies Plc (AST). The public-to-private deal values the share capital of AST at ТЃ18.7m. AST was founded in 2000 and listed...
BULGARIA - GED acquires FAMA
Spanish private equity management company GED has acquired Bulgarian dairy company FAMA. The transaction value has not been disclosed. GED has is to incorporate a new management team including Julio Muñoz, the former general manager of the Spanish dairy...
FRANCE - CAPE backs MBI of Ocean
LCL Régions Développement, a fund managed by Crédit Agricole Private Equity (CAPE), has acquired a minority interest in Ocean on the occasion of the buyout of the company by two incoming entrepreneurs.
UK - Promethean Investments acquires traded endowment policies business
Promethean Investments has acquired a 51% shareholding in TIS Group and a 51% shareholding in Protection Distribution Ltd (PDL). The financial buyer has invested ТЃ10m in cash and ТЃ40m in debt from its Promethean Investments Fund LP to facilitate the...
UK - Sovereign continues Kinetics buy-and-build
Sovereign Capital-owned social housing services company Kinetics Group has acquired TA Horn Holdings, taking group revenues to ТЃ80m. The deal represents the third acquisition as part of Sovereign's buy-and-build strategy for Kinetics Group. TA Horn is...
FRANCE - 21 Centrale Partners backs buyout of Groupe Sud Robinetterie
21 Centrale Partners has led the buyout of Groupe Sud Robinetterie (GSR), a manufacturer and distributor of high-end valves for the oil & gas, petrochemical, power generation and chemical industries. The deal was supported by senior and junior mezzanine...
SPAIN - Corpfin Capital acquires tour operator Catai
Private equity firm Corpfin Capital has completed the acquisition of a 50% stake in travel business Catai Viajes. The remainder will be held by the family Torres, the founder of the group, and the current management team.
AUSTRIA - Mid Europa in EUR 1.4bn One mobile deal
Mid Europa Partners has teamed up with France Telecom/Orange to acquire One GmbH, the third largest mobile operator in Austria, in a EUR 1.4bn deal. This transaction is expected to close within the next three months. It is the second largest buyout in...
UK - Boots deal one step closer to completion
The first delisting of a FTSE 100 company is one step closer to completion today after the trustees of the Alliance Boots pension fund struck a deal with KKR. The ТЃ11.1bn buyout is on track to complete on 28th June 2007 with KKR pledging to inject ТЃ418m...
ITALY - Sicurglobal auction to finalise in July
Market sources speculate that the competitive process for security business Sicurglobal should end in the second week of July. It is understood that private equity firms Stirling Square Capital Partners, Cognetas, 21 Investimenti and Synergo - all owners...
GERMANY/SWEDEN - 3i-led consortium acquires Scandlines
A consortium led by 3i and Allianz Capital Partners has agreed to acquire Scandlines Group together with strategic partner, Deutsche Seereederei (DSR), from Deutsche Bahn AG, Danske Transport and Energiministeriet.
UK - Cinven beats CVC, Terra Firma and BC Partners to BUPA
Cinven has won the battle for BUPA's 26-strong hospital division. The deal weighed in at ТЃ1.44m. Cinven beat off competition from a number of other private equity players with sources citing both the price it was prepared to pay as well as its other...
UK - Cerberus acquires Focus for £225m
Cerberus has acquired struggling DIY chain Focus. Unable to reach a debt restructuring agreement with its creditors, Focus has been the subject of negotiation since earlier this year. The sale of the company to US hedge fund Cerberus represents an exit...
UK - RJD backs £50m BIMBO of TransLinc
RJD Partners has led a fundraising transaction worth ТЃ50m for the purchase of specialist fleet outsourcing business TransLinc. The deal structure is a buy-in management buy out. TransLinc was originally formed within Lincolnshire County Council. It became...
SWEDEN - CapMan, SEB Venture Capital and Aloe Private Equity acquires KMW Energi AB
CapMan, SEB Venture Capital and Aloe Private Equty have acquired 80% of KMW Energi's shares. KMW is a biofuel company based in Norrtälje. The 80% ownership will be split eaqually between the investors, and the current owners will hold the remaining 20%...
FRANCE - Marathon sale attracts De Agostini and Apax
In the sale of television producer Marathon, vendor Bridgepoint has received firm offers from De Agostini and Apax Partners, according to reports in the French press.
FRANCE - Astorg backs secondary buyout of Webhelp
Astorg Partners is set to acquire a majority stake in CRM specialist Webhelp. Vendor Barclays Private Equity will retain a minority interest in the business, while management is increasing its stake.