Buyouts
UK - Enterprise Ventures backs radio frequency identification business
Enterprise Ventures has completed an investment in Merseyside-based CoreRFID Ltd, a radio frequency identification business. The investment was made on behalf of the Coalfields Enterprise Fund, managed by Enterprise Ventures on behalf of the Department...
FRANCE - European Capital buys CEO's stake in Soflog
Market sources suggest European Capital has acquired a majority stake in industrial logistics business Soflog, currently backed by 3i, from its CEO Nicolas Nonon.
UK - Matrix completes £6.5m MBO of DiGiCo
Matrix Private Equity Partners has financed the £6.5m management buyout of DiGiCo, a manufacturer of digital mixing consoles for post-production, broadcast, live performance and theatre markets across the world.
FRANCE - UI Gestion backs management buy-in of Didactic
UI Gestion, regional fund NCI Gestion and CDC Entreprises have backed the MBI of Didactic, a designer, manufacturer and distributor of disposable medical equipment.
FRANCE - Rhône-Alpes PME Gestion backs TSV spin-off
Rhône-Alpes PME Gestion has invested EUR 850,000 in equity and convertible bonds to back the management buyout of Transformateurs Solutions Vénissieux (TSV) from Areva T&D.
AUSTRIA - EK Fin invests in Vienna Acoustics
EK Mittelstandsfinanzierungs AG (EK Fin) together with Eucoma Consumer Goods GmbH has backed the owner buyout of speaker manufacturer Vienna Acoustics. Previous company owner Renate Köberl remains invested in the company.
GERMANY - UTT Group changes hands
DZ Equity Partner has backed the management buyout of German textile manufacturer UTT Technische Textilien Group from BPE Private Equity. The transaction value has not been disclosed. The UTT management team reinvested and now holds a 51% stake in the...
UK - August acquires specialist healthcare provider
August Equity has supported the management buyout of Lifeways Community Care Ltd. Lifeways is a market leading provider of supported living for people with complex needs, offering nationwide coverage. HSBC provided debt to support the deal. Previously,...
GERMANY - Hörmannshofer changes hands
BayernLB has acquired German insulation specialist Hörmannshofer from AXA Private Equity. The transaction value has not been disclosed. Management also invested and hold a minority stake. In 2002, AXA Private Equity and management acquired Hörmnannshofer...
UK - MSIF backs Mersey glass firm in £4m deal
A new company set up and funded by Merseyside Special Investment Fund (MSIF) has acquired Lattimer Group, a glass firm, from Hamspon Industries Plc, the international aerospace and precision engineering group. Lattimer Holdings Ltd, whose head office...
UK - NBGI reaps 6x return on outdoor clothing exit
NBGI Private Equity has reaped 6x its investment on the sale of outdoor clothing retailer Mountain Warehouse. Mountain Warehouse has been acquired by its management team in a £15m tertiary buyout deal with backing from Kcaj, the investment company of...
UK - Rutland acquires Attends from 3i for EUR 93.5m
Rutland Partners has acquired Attends Healthcare Holdings Ltd from 3i for EUR 93.5m. Attends is the trading name of the European operations formerly known as PaperPak which 3i acquired in a EUR 95m deal in 2002. Rutland has invested approximately £21.5...
MALTA - GMT acquires Melita Cable Plc
GMT Communications Partners (GMT) has acquired Melita Cable Plc, the leading provider of television, broadband and telephony services in Malta, from Nasdaq-listed Liberty Global and the Gasan Group of Companies. GMT is focused exclusively on the communications...
GERMANY - Industi Kapital sells DSI to CVC
Industri Kapital has sold DYWIDAG- Systems International (DSI) to CVC Capital Partners for an undisclosed sum. Industri Kapital acquired DSI in 2005 from the insolvent Walter Bau AG and subsequently pursued a buy-and-build strategy.
FRANCE - Air Liquide rumours continue
KKR is said to be interested in acquiring industrial gas giant Air Liquide, potentially a EUR 27bn deal.
UK - NVM invests £7m in building consultants buyout
NVM Private Equity (NVM) has invested £7m in the management buyout of building services consultants Foreman Roberts.
GERMANY - Eschenbach Optik changes hands
Barclays Private Equity has acquired German supplier of spectacle frames form HANNOVER Finanz and the Eschenbach family. The transaction value has not been disclosed, but Barclays Private Equity will hold a 70% stake in the company with management acquiring...
FRANCE - EdRIP invests EUR 9m in CEME secondary buyout
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 9m in equity and convertible bonds in the secondary buyout of electrical engineering and air conditioning specialist CEME.
SPAIN - Cinven in $675m deal for USP Hospitales
Cinven has acquired USP Hospitales, an independent healthcare operator, from Mercapital for $675m. USP operates 33 facilities, including 13 hospitals and 16 outpatient centres across Spain. USP is expected to generate revenues of $280.7m and EBITDA...
SWEDEN - Attendo acquires MedOne
Industri Kapital backed healthcare company Attendo has acquired MedOne, a Finnish provider of outsourced healthcare and social services. Attendo now has operations in every Nordic country. MedOne is projected to generate revenues of EUR 110m in 2007....
SPAIN - GED bolts Icesa onto Nekar
Spanish private equity firm GED has acquired Icesa packaging through the vehicle which holds Nekar packaging, a company that GED also purchased last year for EUR 28m.
ITALY - Alcedo acquires office furniture business
Italian mid-cap private equity firm Alcedo has acquired 80% of Faram, a designer and manufacturer of office furniture and partitions.
UK - Apax-backed Incisive acquires ALM for £315m
Apax Partners-owned Incisive Media has acquired ALM, a publisher of 33 national and regional magazines and newspapers focused on the legal and real estate communities, for £315m from US Equity Partners. US-based ALM's titles include The American Lawyer,...
SWEDEN- Altor acquires NorthStar Battery Company
The manufacturer of high performance batteries and standby power systems, NorthStar Battery Company, has entered into an agreement to be acquired by the Nordic private equity fund Altor Fund II.