Buyouts
ITALY - Cavalli considers private equity alliance
Roberto Cavalli is said to be considering the possibility of a partnership with a private equity firm.
UK - LK Bennett next private equity target
Luxury fashion chain LK Bennett is the next retailer likely to be acquired by private equity. The 74-store strong business is wholly owned by its founder and is expected to have a price tag of approximately £150m. Rothschild has been retained to facilitate...
UK - TA Associates backs SBO of M and M from ECI
TA Associates has backed the secondary management buyout of sports mail order company M and M Direct Ltd from ECI Partners. ECI backed the buyout of M and M in 2004 since when sales have grown at 18% per annum to £80m and profits at 28% per annum. Terms...
UK - Nova completes £75m acquisition of international laboratory group
Nova Capital Management has completed the £75m acquisition of international laboratory group Barloworld Scientific Laboratory Group (BSLG) from Barloworld Ltd, a South African-listed industrial company.
CEE - KBC Private Equity acquires Polish scooter distributor ZIPP
KBC Private Equity has acquired ZIPP, a Polish scooter distributor, from Kross, a bicycle producer. The financial details of the transaction were not disclosed. The acquisition represented KBC's first transaction in Poland.
FRANCE - Initiative & Finance acquires 35% of Challenger
Initiative & Finance has backed the management buyout of Challenger, a company specialising in mentally stimulating toys for young children.
SPAIN - Espiga Capital buys minority stake in marketing business
Spanish mid-market house Espiga Capital has acquired a 33% stake in marketing business Grupo Pool, according to local press reports.
UK - Barclays Ventures backs BIMBO of Howorth Airtech
Barclays Ventures has backed the buy-in management buyout (BIMBO) of Howorth Airtech Ltd. Based in Bolton and employing nearly 100 people, Howorth provides ultra clean air solutions for the medical and pharmaceutical markets in the UK and overseas. The...
FRANCE - IPO completes three deals
Nantes-based listed investment vehicle IPO has completed two buyouts and one expansion deal.
FRANCE - Astorg acquires 52% of SCT Télécom
Astorg Partners has backed the buyout of telecommunication services company SCT Télécom.
UK - Phoenix takes stake in organic food delivery business
Phoenix Equity Partners has taken a minority stake in Abel & Cole, an organic food delivery business, in a deal thought to value the company at £35m.
BELGIUM - KBC Private Equity acquires Di Legno Interiors
KBC Private Equity has invested in Di Legno Interiors alongside the company's current shareholder and managing director Koen Vanbrabant and commercial director Ben Soers.
UK - AIM-listed Huveaux is private equity target
Huveaux, a specialist media company listed on AIM, has received a number of approaches from private equity groups. The London-based business focuses on e-learning and e-based information and communication services publishing 16 magazines and holding 500...
UK - Kaupthing acquires DLG from Promethean for £75m
Kaupthing Capital Partners has acquired consumer lifestyle database business Data Locator Group (DLG) for £75m. The deal represents an exit for Promethean Investments, which backed the £23.5m management buyout of DLG in March 2006. DLG has since grown...
UK - Zeus completes £50m first investment
Zeus Private Equity has completed the first investment from its maiden fund, investing more than £50m in a new platform company to carry out a buy-and-build strategy within the UK regional hotel sector.
FRANCE - OFI Private Equity buys gadgets and gifts distributor for EUR 24m
OFI Private Equity invested EUR 12m in both equity and mezzanine to support the management buy-in of Soho, a network of retail points selling humouristic gifts and gadgets.
CEE - Oresa Ventures acquires majority stake in Trinity Corporate Services
Oresa Ventures , a Swedish investment company, has acquired a majority stake in Trinity Corporate Services in a leveraged buyout. The investors acquired the shares from a group of private investors which had provided start-up funding to the company.
ITALY - Private equity courts Wind and 3Italia
Telecom operators Wind and 3Italia are up for sale. The two companies, soon to be merged into a newco, Eiffel Tower Company, have a reported price tag exceedingEUR 2bn.
GERMANY – Alukon changes hands in secondary transaction
Halder has acquired roller shutter and roller door system manufacturer Alukon from AXA Private Equity for an undisclosed sum.
AUSTRIA/GERMANY - Buy_Out Central Europe II creates metals group
Three months after holding its first close, the Buy_Out Central Europe II Beteiligungs-Invest AG has acquired a majority stake in German foundry Buderus Giesserei Wetzlar GmbH and Austrian foundry Tiroler Röhren-und Metallwerke AG.
UK - Gresham backs £110m+ SBO of Betts
Gresham Private Equity has backed the secondary buyout of toothpaste tube manufacturer Betts Global Ltd from Permira, Royal Bank of Scotland and the Bank of Scotland in a deal with a total funding package in excess of £110m. CIT Capital Finance has arranged...
UK - AAC acquires majority stake in publisher Ocean Media
AAC Capital Partners has agreed to acquire a majority stake in Ocean Media Limited, the magazine publisher and exhibition organiser, from its current management team and institutional backers led by the Dublin-based private equity firm, Ion Equity. Completion...
FRANCE - EdRIP backs MBO of ADF from Gaz de France
Edmond de Rothschild Investment Partners has backed the management buyout of industrial maintenance business ADF from parent company Gaz de France.
UK - Barclays Private Equity completes £75.5m Hydrasun buyout
Barclays Private Equity has completed the £75.5m management buyout of hose and fitting company Hydrasun Group Ltd. Barclays provided bank debt to support the deal, which represents BPE's second since the onset of the credit squeeze in the summer. It...