Buyouts
UK - Endless acquires Bernstein Group
Endless has acquired the Bernstein Group Holdings, a UK kitchen manufacturer which has a turnover of ТЃ27m. Despite the growth in its core kitchen business, supplying house builders, national distributors and social housing. Administrators were appointed...
PORTUGAL - The Riverside Company completes acquisition of ONI
US private equity firm The Riverside Company has completed the acquisition of Lisbon-based ONITelecom - Infocomunicações SA from utilities player EDP (Energias de Portugal).
ITALY - Aksia Capital III backs industrial player
Fund Aksia Capital III, closed earlier this week, has purchased a majority stake in Robuschi SpA, a manufacturer of industrial blowers and pumps.
UK - Octopus Investments backs acquisition of specialist history publishers
Octopus Investments has invested ТЃ5.5m in NPI Media Group to facilitate the acquisitions of two of its key competitors. Equity investment was provided as part of a combined deal valuation of ТЃ15m, which included funding from GMAC Commercial Finance...
UK - Terra Firma renewable power portfolio company makes £80m acquisition
Terra Firma portfolio company Infinis Ltd has acquired RE-Gen, a 42MW biogas power generation business for ТЃ80m from Summerleaze. Infinis, a generator of renewable power, was part of WRG Holdings, a Terra Firma-backed company which sold its waste disposal...
UK - Dubai International Capital abandons bid for Liverpool FC
Dubai International Capital (DIC) has abandoned its ТЃ4,500 per share offer for Liverpool FC & Athletics Ground Plc after the board of the company was unable to recommend the offer to shareholders. It is expected that US sports tycoon George Gillett will...
FINLAND - CapMan buys vehicle logistics business
CapMan has purchased a 60% shareholding in John Nurminen Oy’s Vehicle Logistics Unit. John Nurminen Oy will hold 25% of the shares in the newco.
ITALY - Fortelus acquires fashion shoemaker from Opera
Investment fund Fortelus Capital has acquired shoemaker Bruno Magli SpA from shareholders Opera and other minority backers.
UK - Doughty Hanson bidding for Aston Martin
The UBS-run auction for Aston Martin, the luxury car manufacturer currently owned by Ford Motor, is in its second round with reports suggesting the price tag will exceed ТЃ450m. Doughty Hanson is said to still be in the running for the asset, along with...
ITALY - Investindustrial acquires AEB Group
Buyout firm Investindustrial has wholly acquired specialty chemicals player AEB Group from Pm & Partners and Sociètè Gènèrale in a management buyout.
FRANCE - CDC Capital Investissement backs buyout of Plastiques Gosselin
CDC Capital Investissment (CDC CI) and Participex have backed the buyout of medical equipment maker Plastiques Gosselin. Following the deal, which stemmed from a UBS-run auction aimed at both private equity and industrial buyers, CDC CI took a majority...
DENMARK - Erhvervsinvest buys Aalborg Træindustri
Danish buyout firm Erhvervsinvest has acquired an 83% stake in table tops provider Aalborg Træindustri.
UK - Investec provides senior and mezzanine financing to The Hideaways Club
Investec Private Bankтs growth and acquisition finance division has provided The Hideaways Club with senior and mezzanine financing to enable the club to acquire its first properties before its official launch. The purchase is the first step in The Hideaways...
FRANCE - Siparex and Carvest back home builder Batilor
Sigefi Private Equity (group Siparex) and Carvest have backed the owner buyout of home builder Batilor. The sponsors invested EUR 4.4m and EUR 0.6m in equity, respectively.
ITALY - Last call for Alitalia offers
The deadline for submission of offers for Alitalia is today.
GERMANY - Baird Capital acquires Zarges Tubesca
Baird Capital Partners Europe has acquired the Zarges Tubesca Group from funds advised by Taros Capital for a total consideration of EUR 156m. Baird intends to grow the company, together with the incumbent management team, organically and through further...
UK - Countrywide shareholders reject 3i bid
3i's ТЃ971m bid for Countrywide has failed to gain the 75% of shareholder votes that it needed to be successful.
UK - Electra Private Equity to sell Capital Safety
Electra Private Equity is reported to be putting Capital Safety, the height safety equipment business, up for sale. It is thought the asset will fetch between ТЃ200-250m at auction with Permira and Advent International expected to bid.
UK - Barclays Private Equity sells Phase Eight to Kaupthing consortium
Phase Eight, the womenтs wear retailer, has been sold by Barclays Private Equity, in a deal that values the company at ТЃ51.5m. Phase Eight has been acquired by an investor consortium comprising management, Kaupthing Principal Investments, the Tchenguiz...
SPAIN - Nazca buys Acens Technologies alongside management
Nazca Capital has wholly acquired IT outsourcing business Acens Technologies alongside its management. Although the consideration has not been disclosed, the deal is understood to be worth around EUR 40m.
UK - Rutland acquires ATM operator in £45.3m deal
Rutland Partners' portfolio company Notemachine Ltd has acquired TRM (ATM) Ltd, the UK operations of TRM Inc. for ТЃ45.3m. Notemachine, formerly Scott Tod was delisted from AIM by Rutland in September 2006 and TRM is a complementary business involved...
FRANCE - MBO Partenaires acquires 35% of Degetel
MBO Partenaires has backed the management buyout of IT services company Degetel. The private equity firm took a 35% stake, with the balance being retained by management. Banque Palatine led the pool of banks which underwrote the debt package.
ITALY - BC Partners joins the competition for Alitalia
Press reports suggest that pan-European firm BC Partners is also interested in troubled airline Alitalia.
UK - Hutton Collins backs MBO of Windsor
Hutton Collins is backing the management team of Windsor, the insurance broker, in a take-private deal worth ТЃ33.7m. Hutton Collins is providing ТЃ15m in debt and equity financing alongside a ТЃ19m senior debt package supplied by KBC.