Buyouts
FRANCE - LFPI backs the management buy-in of Holtex
LFPI has taken an 85% stake in medical equipment company Holtex, via its fund LFPI Croissance. LCL underwrote the senior debt package.
FRANCE - AXA Private equity wins Keolis exclusivity
Following a UBS-run limited auction, France's state rail group SNCF has selected AXA Private equity to buy 55% of public transport management company Keolis.
FRANCE - Barclays Private Equity profits from 21 Centrale's withdrawal from Apem
21 Centrale Partners has withdrawn its offer to acquire electrical switch maker Apem, citing concerns stemming from due diligence work.
UK - Barclays Ventures supports £30m management buy-in
Barclays Ventures has backed a simultaneous ТЃ30m management buy-in of Amwell Systems and Twyford Bushboard. The combined businesses create the UKтs leading independent designer, manufacturer, supplier and installer of both traditional washroom systems...
UK - Amec rejects £1.5bn bid from TPG and First Reserve
A takeover bid by Texas Pacific Group and First Reserve for engineering services group Amec has been rejected by its board. It was reported that the offer, at ТЃ1.5bn, was rebuffed on the grounds that it did not value the company highly enough. Analysts...
SWEDEN - Nordic Capital buys TietoEnator's stake in Personec
Nordic Capital Fund V has agreed to acquire TietoEnator’s shareholding as well as outstanding shareholder loans in Stockholm-headquartered Personec. After the transaction, Nordic Capital will control 100% of the company together with the management of...
ITALY - Permira to sell Grandi Navi Veloci to private equity consortium
According to press reports, Permira is said to have reached an agreement with a consortium including buyout house Investitori Associati, Charme and De Agostini to sell its portfolio company Grandi Navi Veloci for over EUR 750m. Two years ago, Permira...
ITALY/GERMANY - Mediaset leaves competition for ProSiebenSat
Mediaset, the broadcasting giant owned by ex-prime minister Silvio Berlusconi, is no longer in the competitive process for German television network ProSiebenSat.1 Media.
ITALY - SG Capital Europe acquires majority stake in Modo & Modo
SG Capital Europe has acquired a 75% stake in Modo & Modo SpA, a manufacturer of paper stationery products under the Moleskine brand. The value has not been disclosed.
PORTUGAL - The Riverside Company acquires ONI
The Riverside Company has agreed to acquire ONI SGPS SA, the wire-line telecom unit of Portuguese utility Energias de Portugal. The deal is valued at EUR 160m, and is expected to close early next year.
UK - Investment management company moves to Liverpool
A specialist multi manager investment firm with over ТЃ100m of assets under management is expanding into Liverpool with backing from Merseyside Special Investment Fund (MSIF). Mercater Capital Management has opened offices in Liverpool after receiving...
UK - Inflexion sells ACIS to The Carlyle Group
Inflexion Private Equity has sold its entire stake in Advanced Communications and Information Systems Ltd (ACIS) in a secondary buyout to The Carlyle Group. The financial details of the transaction were not disclosed.
UK - Enterprise receives approach from unknown private equity company
A company which provides outsourced planned and reactive maintenance services to utility companies and local authorities, Enterprise, has received a takeover approach from an unknown private equity company.
FRANCE - Natexis and Crédit Agricole back buyout of luxury bottle maker
Natexis Industrie, Natexis Investissement and Crédit Agricole Private Equity have backed the buyout of Saverglass, a designer, manufacturer and distributor of luxury glass bottles and decanters.
UK - Alchemy in takeover bid for Cathedral Capital
Alchemy Partners is set to acquire insurance and reinsurance group Cathedral Capital after 80% of the unlisted public company's shareholders recommended the offer.
UK - Permira, TDR and Apollo bid for Hard Rock Cafe
Hard Rock Cafe, the chain of 121 restaurants, four hotels and two casinos owned by UK leisure group Rank is being sold. Bidders include Permira, TDR Capital and US-based Apollo Management as well as trade interest from Seminole Hard Rock Hotels and Casinos,...
ITALY/GERMANY - Berlusconi and private equity funds to compete for media giant
According to reports in the Italian press, Silvio Berlusconi's broadcasting empire Mediaset is planning to launch a bid for 50.5% of German television network ProSiebenSat.1 Media. It is understood that a decision will be made next Tuesday, when the group's...
FRANCE - 21 Centrale Partners plans to delist Apem
21 Centrale Partners has entered negotiations to take-private Apem, a manufacturer of miniature switches for electronic applications notably.
UK - Whitbread rumours intensify as Starwood appoints former Whitbread director
Rumours surrounding the leisure group Whitbread and its possible delisting by Starwood Capital have intensified this morning as it emerged that Starwood had appointed Desmond Taljaard, formerly property director at the group.
UK - Private equity rumours continue to engulf Whitbread
Whitbread, the listed leisure group that owns Premier Travel Inn, Costa, David Lloyd Leisure and T.G.I. Fridays is again the subject of private equity speculation after market sources report that Starwood Capital has built up a 3% stake in the company....
GERMANY - KKR and Goldman Sachs acquire Kion forklift unit
Kohlberg Kravis Roberts and Goldman Sachs Group's private-equity unit have signed an agreement to acquire the Kion forklift unit of Wiesbaden-based Linde Group, the world's largest maker of industrial gases, for EUR 4bn. The sale is subject to regulatory...
UK - Hutton Collins backs James Hull Group
Hutton Collins & Co Ltd has acquired James Hull Group, a specialist dental corporate operating in both the public and private markets.
FRANCE - BNP Paribas Développement leads the buyout of Dufieux Industrie
BNP Paribas Développement has backed the buyout of Dufieux Industrie, a Grenoble-based industrial supplier for the aeronautical sector.
NORWAY - Reiten & Co purchases Ellipse-Klinikken
Reiten & Co has acquired a controlling ownership stake in Ellipse-Klinikken, the Nordic region’s largest non-invasive beauty clinic chain. Ellipse-Klinikken offers non-surgical treatments and has 9 locations in Scandinavia and 1 in the UK. In 2005, it...