Buyouts
ITALY - Clave Mayor acquires specialised shoemaker
Spanish small-cap house Clave Mayor has wholly acquired Italian specialised shoemaker Base Protection. The deal was conducted alongside Base's founder Antonio Diterlizzi and its distributor Fegemu.
FRANCE - Naxicap, Spef LBO and Eurocapital back secondary buyout of Factum
The trio of private equity firms affiliated to Natixis has won an auction run by Aforge Finance, to back the secondary owner buyout of IT systems rental business Factum.
FRANCE - CDC CI leads tertiary buyout of Carré Blanc
CDC Capital Investissement Mezzanine Management has backed the tertiary buyout of home fabrics group Carré Blanc, from CIC LBO Partners and CIC Finance.
ITALY - 3i leads EUR 730m SBO of lawnmower maker
3i acquired Global Garden Products (GGP), a manufacturer and distributor of lawn mowers and powered garden equipment, from ABN AMRO Capital and AAC Capital Partners (the former Dutch, Nordic and UK buyout teams of ABN AMRO Capital).
UK - Gresham acquires West Cornwall Pasty Co.
Gresham has backed the buyout of West Cornwall Pasty Company (WCPCo) from its shareholders. Debt facilities were provided by Lloyds TSB Corporate Markets.
SWITZERLAND - BPE in PREMIUMcommunications buyout
Barclays Private Equity has acquired Swiss technology support company PREMIUMcommunications.
UK - US private equity groups circle Northern Rock
US private equity group Lone Star is thought to be interested in Northern Rock, the beleaguered Newcastle-based bank. Lone Star joins a host of US buyout firms also thought to be sniffing around. JC Flowers is already carrying out due diligence on the...
UK - Pension disagreement to overturn Sainsburys deal for a second time?
Failure to reach an agreement with the trustees of Sainsbury's pension fund is threatening to scupper Delta Two's potential takeover of the supermarket chain. It is understood the trustees are asking for an additional £1.75bn, £750m more than Delta...
GERMANY – AUCTUS buys Entitec AG
AUCTUS Management GmbH & Co KG has acquired a majority stake in Hamburg-based IT service provider Entitec AG for an undisclosed amount. The financial investor plans to further increase its engagement in the IT sector.
GERMANY – capiton acquires FBS
capiton AG has acquired a majority stake in the business unit construction systems division (FBS) from Freudenberg & Co. KG. The value of the transaction has not been disclosed. L-Eigenkapitalagentur (L-EA) and management also invested and take a significant...
FRANCE - LMBO backs spin-off of Future France
In a deal valuing the business at a maximum of EUR 18m, LMBO has backed the management buyout of publisher Future France from its parent company Future Plc.
ITALY - Aksìa Group and Quadrivio partner for Emmeci buyout
Aksìa Group and Quadrivio have joined forces for the buyout of printing business Emmeci from Europe Capital Partners IV, a fund managed by LBO Italia.
FRANCE - Banexi CP and Céréa Capital lead tertiary buyout of Saveur
Banexi Capital Partenaires and Céréa Capital have acquired a combined majority stake in food ingredients business Groupe Saveur, as part of a tertiary buyout.
UK - Close Growth Capital acquires stake in £26m-turnover Eldapoint
Close Growth Capital has acquired a 30% stake in Eldapoint Ltd, a manufacturer of anti-vandal cabins and a providers of shipping container storage, handling and repair services. The management team retains 70% of the equity. Barclays provided a term loan...
FRANCE - Apax acquires facility management specialist
Apax Partners SA has completed the acquisition of facility management specialist Faceo group for an undisclosed sum.
UK - 3i makes £870m indicative bid for listed oil services business
3i is in talks with oil services business Abbot Group about a potential take-private deal. The indicative offer of 375p per share values Abbot at approximately £870m. 3i has been granted limited access to Abbot's books.
UK - Foresight completes £12m BIMBO of Datapath
Foresight Group has backed the BIMBO of Datapath, suppliers of technology for large screen displays, in a deal which values the company at £12m.
UK - BOSIF completes £225m acquisition of Ainscough Crane Hire
Bank of Scotland Integrated Finance (BOSIF) has backed the £225m management buyout of Ainscough Crane Hire Ltd, the UK's market leader in crane hire. The deal, which represents an exit for the founding family owners, sees management take a majority stake...
FRANCE - European Capital acquires 40% stake in DEVGLASS
European Capital has supported the management buyout of DEVGLASS. It invested common equity, senior bonds, senior and junior mezzanine bonds and convertible bonds to take a 40% stake in the French manufacturer and distributor of insulated glass for windows.
BELGIUM - GIMV completes MBI of Le Cobourg
GIMV has backed the management buy-in of Le Cobourg, a Belgian producer of traditional salads. The financial details were not disclosed. It is understood that GIMV has taken a 90% stake in the newco. The new management team hold the balance.
SWEDEN - CreVal Acquires Aspen
CreVal has acquired a majority shareholding in Aspen, a Swedish bathroom furniture company, alongside the company’s CEO and previous owner, Jan Aspelund. The financial terms of the deal have not been disclosed.
FRANCE - CIC LBO Partners buys into call centres
CIC LBO Partners has led a syndicate of investors backing the secondary buyout of call centres business Armatis.
GERMANY – Saratoga acquires lighting technology provider
Saratoga Partners has acquired the lighting technology branch of glass manufacturer Schott AG for an undisclosed sum. Following the transaction the division will operate under the name of Auer Lighting GmbH.
FRANCE - EPF Partners backs OBO of Data Concept Informatique
EPF Partners has acquired 38% of IT services company DCI as part of an owner buyout deal.