Buyouts
UK - ISIS backs buyout of Williams Medical Supplies
ISIS Equity Partners has backed the management buyout of medical products distributor Williams Medical Supplies. The buyout of the £47m-turnover company from its retiring founder was supported by debt provided by National Australia Bank.
GERMANY - Transnorm changes hands
EQUITA has acquired the 80% stake of NORD Holding in Harsum-based Transnorm group for an undisclosed amount. The shareholding of the company’s management remains unchanged.
ITALY - Private Equity Partners acquires stake in incentive travel business
Private Equity Partners is reported to have acquired a minority stake in Alessandro Rosso, a company active in the field of incentive travel and meeting organisation.
GERMANY - AUCTUS acquires Abieta Chemie
AUCTUS Management has wholly acquired Abieta Chemie GmbH from Clariant Produkte Deutschland GmbH and Hercules GmbH. The transaction value has not been disclosed.
UK - Warner Music Group to enter fray for EMI
Terra Firma's recommended £3.2bn bid for music publisher EMI is likely to feel the heat of a rival bid in coming days. Warner Music Group's desire to combine with EMI was strengthened upon yesterday's news that the European Commission had given its approval...
ITALY - SEAT Pagine Gialle on the lookout for buyers
Following months of speculation about the future of SEAT Pagine Gialle, press reports suggest that the directories business is up for sale. Rumour has it that Lehman Brothers has been hired by the private equity consortium (comprising of Permira, CVC...
UK - BC Partners snaps up Foxtons
BC Partners has acquired London-focused estate agency chain Foxtons in a deal believed to weigh in at approximately £400m. The private vendor appointed Credit Suisse to run a process to dispose of the asset. TA Associates and 3i were thought to have...
UK - EMI agrees to Terra Firma's £3.2bn offer
EMI's board has agreed to a 265p per share offer from Terra Firma. The bid represents an enterprise value of £3.2bn for the music publishing giant. Terra Firma's agreed offer with London-listed EMI follows a year of speculation about the ownership of...
WORLD - Blackstone in $3bn Chinese coup
When Blackstone announced it was to list on the NYSE, it provoked much discussion, but few mused over its potential impact on Chinese-US relations. Unsuprisingly, no one foresaw China's announcement that it will invest $3bn of its $1.2 trillion foreign...
UK - Advent acquires Lloyds TSB Registrars
Advent International has acquired the share registration business of Lloyds TSB plc, Lloyds TSB Registrars, for £550m. Advent is backing the existing management team led by Managing Director David Winton. The business is headquartered in Worthing...
FRANCE - Argos Soditic pilots the BIMBO of ejection device manufacturer
Argos Soditic has acquired Alkan from MBDA France.
BULGARIA - Arco acquires CableTEL for €41m
Arco Capital Corporation (ACC) has announced the €41m acquisition of CableTEL, a Bulgaria-based telecommunications company which also has operations in Macedonia. ACC is a holding company that engages in lending and acquisition activities primarily...
GERMANY - Carlyle acquires real estate portfolio from Concordia
The Carlyle Group has acquired a portfolio of 19 properties from insurance group Concordia. The portfolio consists of assets distributed throughout Germany, with a total area of approximately 42,400 m2 which can be rented.
UK - Baird invests £13m in recruitment company Aston Carter
Baird Capital Partners Europe has invested £13m for a majority stake in Aston Carter, a UK recruitment consultancy specialising in the placement of IT professionals into the financial services sector in the UK and internationally.
UK - Cognis Capital backs BIMBO of waste services company
Cognis Capital Partners has backed the BIMBO of waste serivces company Sancerre. The deal has enabled Sancerre to purchase the high temperature incinerator and waste-to-energy plats in Fawley, Hampshire from Veolia ES (UK) Ltd. The company expects to...
FRANCE - PAI wins exclusivity for 50.01% of Kaufman et Broad
PAI partners has been granted a period of exclusivity for the acquisition of a controlling stake in Euronext-listed house builder Kaufman et Broad.
SWITZERLAND - BVgroup acquires Lonstroff Holding AG
BVgroup has backed a management buyout of Lonstroff Holding AG from 3i. The transaction value has not been disclosed, but BVgroup will take an 80% stake in the company with management holding the balance.
ITALY - Permira buys stake in Valentino for EUR 783m
Permira has acquired a 29.6% stake in fashion house Valentino for EUR 782.6m.
UK - Charterhouse acquires TSL from Exponent
Charterhouse Capital Partners has acquired educational publisher TSL Education from Exponent Private Equity for an undisclosed sum.
UK - Beringea backs MBO of Eagle Rock from HgCapital
Beringea has backed the buyout of TV and DVD producer and publisher Eagle Rock Group Ltd from HgCapital. The company's catalogue properties include live concert performances from artists such as The Who and Nirvana. Beringea supported Hamburg-based edel...
UK - LDC backs £52m buyout of Emprise
LDC has backed the £52m management buyout of Emprise, a national provider of outsourced facilities services. Royal Bank of Scotland provided debt to support the deal, which represents a partial exit for RJD Partners, formerly Royal London Private Equity....
SWITZERLAND - Allianz acquires vending machine company Selecta
Allianz Capital Partners has beaten competition from Terra Firma to acquire vending machine business Selecta for £772.5m. The operator of 150,000 vending machines in 22 countries, Zug-based Selecta became part of London-listed food service company Compass...
NL - Endemol snapped up by Mediaset
Endemol, the Amsterdam-listed production company is understood to have been acquired by Italian media company Mediaset. The deal values Endemol at EUR 3bn. Spanish company Telefonica announced its intention to sell its 75% stake in the company earlier...
UK - Permira eyes Britvic again
Permira has resumed its interest in listed soft drinks company Britvic. Reports emerged that Permira was looking at the company, which suffered several profit warnings last year, in mid-2006. In December 2006, Permira acquired an 11% stake in the public...