Buyouts
FRANCE - CAPE backs MBO of Groupe Pommier
Crédit Agricole Private Equity (CAPE) has completed the management buyout of industrial machinery business Groupe Pommier.
SPAIN – MCH backs weapons manufacturer
Private equity group MCH has invested in Spanish weapons manufacturer Industrias El Gamo, in a deal valued at approximately EUR 70m.
UK - Emap auction nears final stages
Apax Partners is understood to be the front-runner in the race to acquire Emap's B2B publishing division. Apax's offer includes financing from Guardian Media Group. Apax owns a substantial minority stake in Auto Trader publisher Trader Media Group, which...
UK - CBPE sells Fishers to BOSIF for £40m
Close Brothers Private Equity (CBPE) has sold linen service business Fisher Holdings for £40m to its management. The Fisher management team is being supported by Bank of Scotland Integrated Finance. CBPE achieved a money multiple of 2.9x on its original...
UK - Gresham backs expansion of financial services training provider
Gresham Private Equity has backed the management buyout of 7city Group Ltd (7city). Debt facilities were provided by Royal Bank of Scotland.
SPAIN - GED closes debut deal with second fund
GED Sur, managed by Spanish firm GED, has acquired a 60% stake in aesthetic clinic chain Cellulem Block for EUR 9m. This is the first deal to be completed by GED Sur.
ITALY - Cape closes second deal in lighting sector
Cape Natixis has acquired a 65% shareholding in lighting business Norlight alongside the business co-founder, who is re-investing in return for a 35% stake .
FRANCE - Eras receives backing from Siparex
Siparex has backed the owner buyout of Eras, a design and project management company focused on industrial installations.
NETHERLANDS - Candover to acquire Stork for EUR 1.5bn
Candover has finally reached a consensus with Stork shareholders on an updated EUR 1.5bn offer. Candover had withdrawn its initial offer in September after the agreement of LME holdings, which raised its stake to more than 43%, could not be secured....
ITALY – Mariella Burani's shares rise due to private equity interest
Italian fashion group Mariella Burani has reportedly been approached by Doughty Hanson, with a EUR 26 per share offer.
NORWAY - Norvestor creates Nordic eye surgery group
Norvestor has created a new Nordic laser eye surgery group consisting of Swedish Globen Ögonklinik, and the Norwegian clinics Sandvika øyeklinikk and Argus øyeklinikk. Norvestor is the majority shareholder of the business, while the management has...
FRANCE - LFPI beats AtriA to win Matebat deal
Following an auction process run by Close Brothers, La Financière Patrimoniale d'Investissement (LFPI) has backed the buyout of Matebat, for a value of EUR 75-100m.
UK - HgCapital and Montagu have Biffa in their sights
It has been confirmed that waste management company Biffa received an indicative approach from HgCapital and Montagu Private Equity in early September. The board subsequently rejected the bid, however, Biffa shares were up 25% on Friday upon news of a...
UK - JC Flowers eclipsed by Virgin in battle for Rock
A consortium led by Virgin Group has been named as the frontrunner for Northern Rock. US private equity group JC Flowers expressed its interest in the beleaguered lender in late September and had been thought a favoured bidder after it revealed it had...
UK - Candover and First Reserve compete for Abbot Group
Candover and First Reserve have been left to fight it out for oil services business Abbot Group. The listed-business was initially approached by 3i in early October with 3i indicating it was prepared to pay up to £870m for it. However, following disagreements...
FRANCE - Perfectis backs buyout of Commagnac Industries
Perfectis Private Equity has completed the buyout of sensitive goods transportation business Commagnac Industries.
ITALY – Synergo in Valvitalia preliminary signing
The consortium comprising private equity firm Synergo, Igi Sgr and Banca Leonardo has signed a preliminary agreement for the purchase of a 45% stake in Valvitalia.
UK - Endless investment opens doors for STP Group
Endless has acquired STP Group Ltd, a manufacturer and distributor of timber doors and stairs. Endless invested £6.4m to support the management buyout of the Derbyshire-based business. Five Arrows Commercial Finance provided working capital facilities...
GERMANY – DZ Equity Partner acquires a minority stake in PAIDI
DZ Equity Partner GmbH has acquired shares in the PAIDI Group as part of a leveraged buyout. The shares were sold by the previous major shareholder, Welle Holding AG. PAIDI manufactures furniture for babies, children, and adolescents, employs around...
POLAND - Bridgepoint acquires CTL Logistics
Bridgepoint has acquired CTL Logistics, a private rail logistics company and one of the largest private rail operators in Europe, from its founder Jaroslaw Pawluk. The financial details of the transaction were not disclosed. Debt was provided by ING...
UK - Inflexion backs £44m buyout of telephony business
Inflexion Private Equity has led the £44m management buyout of Eurotel Holdings Ltd, a provider of telephony services to SMEs in the UK. Lloyds TSB Corporate Markets provided a debt package totalling £21.5m.
NORWAY - Candover sells Get AS
Quadrangle Capital Partners and GS Capital Partners have acquired Norwegian telecommunications company Get AS from Candover for an enterprise value of NOK 5.8bn.
FRANCE - Candover buys Alma Consulting from Apax
Candover has backed the tertiary buyout of operational advisory firm Alma Consulting, meaning an exit for previous backers Apax Partners SA and minority co-investor Chequers.
UK - Dunedin backs £18m buyout in financial services sector
Dunedin has backed £18m managment buyout of Gissings Advisory Services Ltd (GAS), a financial services business. GAS provides consultancy advice on flexible benefits, private medical insurance, life assurance, permanent health insurance, occupational...