Buyouts
SPAIN - Advent sells Parques Reunidos in Spain's largest ever exit
As anticipated by unquote news" on 17 January, Candover has acquired leisure complex Parques Reunidos from Advent International in Spain's first mega-deal of the year.
FRANCE - Platina LP takes two thirds of industrial engineer Cira Concept
In a EUR 13m deal, Platina Finance has acquired two thirds of Cira Concept via its fund Platina LP. The transaction was leveraged with a EUR 7m debt underwritten by Société Générale.
ITALY - All eyes on Alitalia
Italian turnaround funds, industrial players and US private equity houses are said to be among the interested parties in troubled airline Alitalia. It is understood that the deadline for the submission of offers is next Monday.
FRANCE - City Star Private Equity leads its third deal
City Star Private Equity has led its third buyout since its creation in 2005. The private equity firm has invested in real estate construction management business Habiva, alongside Paluel Marmont Capital and Maceinvest.
SWEDEN - Litorina buys waste management company
Litorina Kapital has acquired Resta, a Stockholm-headquartered waste management company. Following the acquisition, Litorina will own approximately 75% of the company and the founders the remaining 25%.
UK - KKR looks at Pearson
Pearson the media group is the subject of buyout speculation. It is reported that KKR is weighing up a ТЃ7bn bid for the publisher of the Financial Times which has its core business in educational publishing.
LITHUANIA - Mid Europa buys Baltic mobile operator for EUR 450m
Mid Europa Partners has agreed to acquire 100% of Baltic mobile operator Bité from TDC for a cash consideration of EUR 450m. Bité has generated an annual revenue growth of 20% over the past two years and the new owner is committed to the continued development...
GERMANY - Finatem announces three investments
Finatem Beteiligungsgesellschaft has announced three investments from its latest fund Finatem II. The financial investor has acquired the Schwinn Group as part of a management buy-in as well as Deutsche Notrufzentralen und Sicherheitsdienste Holding GmbH...
SPAIN - Candover is the most likely buyer of Parques Reunidos
The sale of leisure complex Parques Reunidos is nearing its final stages.
FRANCE - SG Capital Europe takes 88% of business advice call-centre SVP
SG Capital Europe has backed the management buyout of Paris-based SVP Group.
UK - ABN AMRO Capital backs £70.4m buyout of TGI Friday's
ABN AMRO Capital, in association with US-based Carlson Restaurants Worldwide, has agreed to acquire 45 TGI Fridayтs restaurants in the UK from Whitbread Plc. As the global leader in the casual dining industry, Carlson Restaurants Worldwide is the master...
GERMANY - Granville Baird acquires Zarges Tubesca
Granville Baird Capital Partners Advisers has acquired Zarges Tubesca from Taros Capital for a total consideration of EUR 156m. The management also reinvested in the company and will hold a minority stake.
UK - Aberdeen Asset Managers Growth Capital backs £17m MBO of Oliver Kay
Aberdeen Asset Managers Growth Capital has led the ТЃ17m management buyout of Oliver Kay Ltd, a supplier of fresh fruit, vegetables, delicatessen products and sundries to hotels, restaurants and pubs.
UK - ECI acquires Aerial Facilities in £56m management buy-in
ECI Partners has acquired Aerial Facilities for ТЃ56m. Aerial, based in Buckinghamshire, is a market leader in the design, manufacture and installation of specialist products and solutions. ECI is backing a new management buy-in team led by Ian Brown,...
UK - Extra time called in 3i's Countrywide bid
A vote which would have decided the fate of 3i's mooted ТЃ966m take-private offer for Countrywide was postponed yesterday. Sources reported that an unofficial vote saw less than the required 75% of shareholders accepting the offer and consequently the...
UK - Carlyle in another defence deal
Carlyle is reported to have teamed up with BAE to acquire the Devonport naval yard in Plymouth from the Ministry of Defence. The yard, at which nuclear submarines are serviced, is likely to benefit from a ТЃ25bn proposal to replace the current submarine...
UK - Barclays Ventures acquires Christy Group in £21m deal
Barclays Ventures has backed the ТЃ21m management buyout of Christy Group Ltd, a designer, importer and distributor of childrenтs dress-up costumes based in Barnsley. Christy supplies major retailers worldwide such as Walmart/ASDA, Tesco, Marks and Spencer...
UK - Oak Hill to acquire United Utilities' outsourcing business
A private equity consortium headed up by Oak Hill, the US group, is to acquire the United Utilities' business outsourcing division, Vertex. The ТЃ220m deal follows United Utilities decision to sell Vertex due to falling profits within the division.
FRANCE - Argan Capital to back buyout of luggage maker Delsey
Mid-cap private equity firm Argan Capital has announced it has signed an agreement to back the buyout of the world's second largest travel luggage maker Delsey.
BELGIUM - Barclays Private Equity France acquires Desmet Ballestra
Barclays Private Equity France has acquired a majority stake in Desmet Ballestra, operative in the fields of engineering and supply of plants and equipment for the edible oil industry, the detergent-surfactants and related chemical industry and the oleochemical...
UK - Activist shareholders put pressure on 3i's Countrywide offer
It has emerged that investment group Artisan Partners and hedge fund Boussard & Gavaudan have been joined by another Countrywide shareholder, Standard Life, in opposing 3i's 490p per share offer for the estate agency chain. The three investors argue that...
UK - ISIS backs £33m buyout of AITCL
ISIS Equity Partners has backed the ТЃ33m management buyout of Anglo Irish Trust Company Ltd (AITCL). The investor provided ТЃ13m from its ISIS III fund to acquire a significant minority stake in the Isle of Man-based offshore trust and company administration...
UK - Bank of Scotland backs MBO of Willis & Gambier
Bank of Scotland Integrated Finance has funded the ТЃ55m management buyout of Willis & Gambier Ltd, taking a minority stake in the company.
UK - Bank of Scotland backs demerger of components division from Nylacast
Nylacast has agreed a demerger of its components division with backing from Bank of Scotland Integrated Finance in a deal worth over ТЃ30m. The components division of Nylacast supplies names such as Delphi, JCB, Caterpillar and GSK with highly engineered...