Buyouts
UK - Close Growth Capital acquires clingfilm company
Close Growth Capital has provided a hybrid debt and equity package to support the £20m+ management buyout of Wrap Film Systems, a provider of clingfilm dispensers to the catering industry and consumers. The deal represents an exit for the company's founder.
SWITZERLAND – Capvis acquires de Sede Group
Capvis has agreed to acquire furniture manufacturer de Sede for an undisclosed sum. The transaction is part of the succession plan of owners Hans-Peter Fässler and Bernhard Schüler who continue to manage the company and remain shareholders in it.
FRANCE - Bridgepoint reaches squeeze-out for Alain Afflelou
A year and a half after acquiring 61% of shares, Bridgepoint has finally reached the 95% threshold needed to delist opticians chain Alain Afflelou from the French stock exchange.
ITALY - Cape Natixis Due closes first deal
Mid-market fund Cape Natixis Due, managed by Cape Natixis SGR, has closed its first investment by acquiring the optical monomer division of US-based Chemtura.
UK - DIC acquires Alliance Medical for £600m
Dubai International Capital (DIC) has acquired diagnostic imaging service provider Alliance Medical from Bridgepoint for £600m. Dresdner Kleinwort and Bank of Scotland are lead arrangers of the financing for the deal.
UK - Zeus acquires stake in online floral business
Zeus Private Equity (ZPE) has made the second investment from its maiden fund, taking a majority stake in online floral and gift company, Flowers Direct Ltd. ZPE’s investment will allow Flowers Direct to invest further in operational infrastructure...
FRANCE - Pechel, CIC Finance and LCL back pret-a-porter merger
Pechel Industries, CIC Finance and LCL Régions Développement have backed the management buyout of a newly-merged pret-a-porter group.
UK - One Equity submits full bid for Jaguar and Land Rover
One Equity, the private equity arm of JP Morgan, is understood to be one of three groups to have submitted a full bid for Jaguar and Land Rover. Ford decided to sell its UK assets - Jaguar and Land Rover - as part of a move to reduce its debt. Ripplewood,...
SWITZERLAND – Acomon AG buys Chemtura’s optical monomers business
Acomon AG, Zug-based affiliate of German private equity firm Auctus Management GmbH & Co. KG, has purchased Chemtura Corporation’s optical monomers business. The deal value of this all-cash transaction was not disclosed. Chemtura’s Ravenna, Italy-based...
ITALY - Consilium acquires valve manufacturer
Shortly after completing its fundraising, SME-focused firm Consilium has acquired Douglas Chero Group, a manufacturer of forged valves for the petrochemical industry. The deal represents an exit for the founding family shareholders.
GERMANY - ADCURAM Group AG buys Hennecke Group from Bayer
ADCURAM Group AG has purchased polyurethane processing machinery business Hennecke GmbH from Bayer for an undisclosed sum. The transaction is due to complete before the end of the year. With this transaction, ADCURAM further strengthens its manufacturing...
UK - Endless acquires Lancashire Chemical Works
Endless has acquired Lancashire Chemical Works Ltd (LCW), for an undisclosed sum, in a management buy-in deal led by Richard Sykes. The transaction represents an exit for the family shareholders. Incoming managing director Sykes had been looking at the...
FRANCE - 21 Centrale Partners to build healthcare group on the French riviera
21 Centrale Partners has acquired Marseille-headquartered health clinic Chantecler, as the first step of its project to consolidate top-end healthcare providers on the Cote d'Azur.
UK - Matrix backs £6m buyout of Focus Pharmaceuticals
Matrix Private Equity Partners has financed the £6m management buyout of Focus Pharmaceuticals. The deal was structured using an integrated debt and equity package. Matrix invested £3.2m and acquired a minority stake in the business.
GERMANY – Cerberus looks to back SBO of Woolworth from Electra
Cerberus has filed for regulatory approval to acquire 64% of German department store chain DWW Deutsche Woolworth GmbH&Co OHG from Electra Private Equity Plc for an undisclosed sum. The deal encompasses 100 department stores in Germany, and Cerberus is...
FRANCE - Argos Soditic backs BIMBO of Marie-Laure PLV
As part of a buy-in management buyout, Argos Soditic has acquired 53% of Marie-Laure PLV, a producer of promotional and maketing materials for retailers.
FRANCE - Cinven looks to cash in French cable
Cinven is said to have mandated Morgan Stanley and Rothschild to sell half of its stake in French cable monopoly Numericable, in a deal which could raise EUR 2bn for the buyout house.
FRANCE - US private equity firm wins exclusivity for Safran's communications unit
The French defence and electronics group has granted The Gores Group a period of exclusisivity for the acquisition of Sagem Communications, following the receipt of a firm EUR 383m offer.
UK - Key Capital Partners completes first deal
Key Capital Partners has completed its first investment from its maiden fund. KCP invested £4.3m to acquire a significant minority stake in Birmingham-based recruitment company Templine Recruitment Ltd. Yorkshire Bank provided senior debt and working...
ITALY - Giochi Preziosi contemplates exit strategies
Although 3i was said to be preparing the IPO of toy manufacturer Giochi Preziosi for the end of H1 2008, market reports suggest that the buyout house may be looking to divest sooner than planned.
NETHERLANDS - Englefield Capital acquires Mirror Control International
Englefield Capital has acquired Mirror Control International (MCI), the mirror control division of Eaton Automotive. Landsbanki provided Englefield Capital with a financing package worth $122m.
UK - NBGI completes £20m food service buyout
NBGI Private Equity has completed the £20m management buyout of Peter's Food Service Ltd, a manufacturer and food service distributor of chilled savoury pastry products, from its private vendors. The deal represents the group's first from its second...
FRANCE - OFI Private Equity Capital creates Transatlantic industrial sealing business
After backing the secondary buyout of Houston-headquartered Flexitallic from US private equity firm Cravey Green and Whalen, OFI Pivate Equity Capital (OFI PEC), intends to merge the entity with its French protfolio company Siem Supramite.