Buyouts
UK - Iceni Capital completes second transaction
Iceni Capital has supported the buyout of Pell & Bales, a not-for-profit specialist marketing services company. Led by the CEO of Pell & Bales, the buyout allows the founder to retire from the company and gives the management team the capital resources...
UK - Bridgepoint acquires Fat Face for £360m
Bridgepoint has acquired clothing retailer Fat Face from Advent International in a transaction totalling ТЃ360m. The company has a turnover of ТЃ111m and a run rate EBITDA of ТЃ30.4m for the year ended 31 May 2007 and employs over 1,500 staff.
GERMANY - CVC sells ista to Charterhouse for EUR 2.4bn
CVC Capital Partners has sold its stake in energy metering and billing company ista to Charterhouse Capital Partners for a total transaction value, including debt, of EUR 2.4bn. CVC acquired ista in a management buyout in June 2003.
NL - Bridgepoint to acquire Wolters Kluwer education division
Wolters Kluwer, the Dutch publishing group, is understood to have agreed the sale of its education division to Bridgepoint Capital in a deal worth more than EUR 750m.
FRANCE - Camaieu sold to Cinven
AXA Private Equity will sell its controlling shareholding in clothing brand Camaïeu to Cinven, at a unitary share price of EUR 267. The offer values the target at EUR 1.6bn.
ITALY - DGPA Capital acquires adhesive label manufacturer
Private equity firm DGPA Capital wholly acquired Mida from a group of local entrepreneurs and private investors for EUR 7.4m. Out of that amount, one third is equity and a debt package provided by Centrobanca represents two thirds of the total deal value....
UK - ISIS and Invex acquire Quantix
ISIS Equity Partners alongside Invex Capital Partners have led the management buyout of Quantix Limited, a Nottingham-based provider of IT Managed Services. ISIS and Invex invested ТЃ4.8m in equity with a debt package supplied by Lloyds TSB Corporate...
FRANCE - Barclays PE backs secondary buyout of Kermel
Barclays Private Equity has led the secondary buyout of aramide fibres manufacturer Kermel, alongside management and previous investor Argos Soditic.
GERMANY - 3i acquires EDS
3i announced it has agreed to back a management buyout of Passau-headquartered Euro-Druckservice AG from Verlagsgruppe Passau GmbH. The transaction value has not been disclosed.
GERMANY - Steadfast Capital buys Kautex Maschinenbau
Steadfast Capital has wholly acquired German blow molding machines manufacturer Kautex Maschinenbau in a management buyout from Adcuram AG. The value of the transaction has not been disclosed.
UK - Whitbread shares jump on private equity rumours
Shares in leisure group Whitbread rose by 11% in one day yesterday amid speculation that a private equity group is on the brink of launching a bid for the name behind the Premier Travel Inn, David Lloyd leisure, Beefeater pubs and Costa Coffee brands....
BELGIUM - Waterland takes a stake in Indicator
Waterland Private Equity Investments has announced that it has supported the management buyout of Indicator, a publisher of professional newsletters and books aimed at small and medium-sized companies and self-employed entrepreneurs. No financial details...
UK - Carlyle to delist retail outlet developer
Carlyle has made a recommended offer for retail outlet developer Freeport. The London Stock Exchange-listed company is valued at ТЃ155.3m and has been recommended by the board and agreed by a group of shareholders who between them own a 49% stake in the...
SPAIN - Mercapital to join Doughty Hanson in competition for Continental Auto
Reports in the Spanish press suggest that Mercapital has joined forces with Doughty Hanson to bid for Continental Auto, the bus division of local infrastructure and services group Actividades de Construccion y Servicios (ACS). The company is said to be...
UK - TA Associates acquires Jupiter
TA Associates has completed its largest deal in Europe by far with the ТЃ740m acquisition of asset management company Jupiter from Commerzbank. Previously, TA's largest European deal was the ТЃ100m buyout of DriveAssist UK in 2004, which it recently sold...
GERMANY - Equita acquires Stromag group
Equita Management GmbH has acquired the Stromag Group in a management buyout for an undisclosed amount. This represents the fifth investment for the Equita Fonds 3 that closed in November 2005.
FRANCE - Weinberg pilots secondary buyout of Via Location
Weinberg Capital Partners has taken a majority stake of truck rental business Via Location. The deal means an exit for Edmond de Rothschild Capital Partners (ERCP).
FRANCE - MBO Partenaires invests in dried fruit distributor
French mid-cap private equity firm MBO Partenaires has backed the buyout of Daco, a distributor of dried fruits.
UK - Exponent backs buyout of marine services provider V.Holdings
Exponent Private Equity has supported the management buyout of V.Holdings, a marine services provider and international provider of energy outsourcing solutions. Close Brothers Private Equity, an investor since 2003, has reinvested some of the proceeds...
UK - Gresham's recommended offer for ICM in the balance
Gresham's recommended offer for business availability provider ICM Computer Group is facing competition from trade rival Phoenix. Gresham won a Close Brothers-run auction to lead the mangement buyout of the listed company last Friday since when Phoenix...
UK - Bain and Apollo to be Sainsbury's second suitors?
It is reported that Bain Capital and Apollo Management are to team up to launch a rival bid for Sainsbury's.
UK - Duke Street acquires Burton's Foods from HM Capital
Duke Street Capital has acquired Burton's Foods from HM Capital. Duke Street saw off competition from the likes of 3i and Legal and General Ventures to win the ТЃ287m-turnover company in an estimated ТЃ210m deal. HM Capital had held Burton's since 2000...
FRANCE - Consortium wins Saur exclusivity
A syndicate led by state-backed CDC and including industrial company Séché Environnement and AXA Investment Managers (AXA IM) has won exclusivity in an auction for water business Saur. According to reports in the French press, the price obtained by vendor...
SPAIN - Vista acquires pharma business for EUR 360m
Vista Capital has wholly purchased pharmaceutical business Laboratorios Indas from the Arochena family for around EUR 360m. It is understood that the private equity firm has faced competition from its peers Mercapital, Nmás1 and Ibersuizas, before signing...