Buyouts
UK - ECI Partners sells Nuaire to Electra realising IRR of 80%
ECI Partners has sold ventilation system manufacturer Nuaire to Electra Partners realising an IRR of 80%. ECI acquired Nuaire in a management buyout from its founder for £38m in 2004. Electra's investment was supported by debt provided by Bank of Ireland...
FRANCE - Apax sells Parkéon to Barclays Private Equity for around EUR 260m
Apax Partners has agreed to sell the former parking and ticketing division of Schlumberger (e-city) to Barclays Private Equity for a total consideration of approximately EUR 260 million.
FRANCE - CDC CI backs Genoyer's secondary buyout
CDC Capital Investissement has acquired a majority stake in the secondary buyout of oil, gas, water and petrochemicals pipes manufacturer Genoyer. The deal means an exit for Carlyle, which had piloted the company's first buyout in 1998.
NL - GIMV sells Holonite to Egeria
GIMV has sold its stake in Holonite, a producer of composite stone finishing elements for the construction industry, to Egeria. The transaction price remains undisclosed, but the sale has a positive impact of EUR 5.3m (EUR 0.23 per share) on GIMV’s...
UK - Aberdeen backs the £6m BIMBO of MSIS
Aberdeen Asset Managers Growth Capital has backed the BIMBO of industrial cleaning company MS Industrial Services Ltd. Aberdeen has invested £2.5m as part of the £6m deal. Aberdeen intends to grow the company from an industrial cleaning and waste disposal...
FRANCE - AXA PE acquires SYNERLAB
AXA Private Equity has acquired SYNERLAB Group, a French pharmaceutical sub-contractor. SYNERLAB manufactures and packages dry drugs and liquid drugs to customer requirements. SYNERLAB has 520 staff and recorded revenues in 2006 of approximately EUR...
FRANCE - Industri Kapital to sell Ceva Santé to management-led syndicate
Industri Kapital (IK) will generate an IRR of 40% on the sale of veterinary pharmaceutical laboratory Ceva Santé Animale to a syndicate led by management and including Euromezzanine and Natexis Private Equity.
UK - Exponent reaches second round of bidding for Trinity Mirror's Midlands titles
Exponent Private Equity is one of three private equity bidders known to have reached the second round of an auction for Trinity Mirror's newspaper titles in the Midlands. The Birmingham Post and Coventry Evening Telegraph are amongst those being sold...
UK - KKR secures Boots in Europe's largest ever buyout worth £12.2bn
KKR has won the takeover battle for Alliance Boots. The £11.39 per share offer gives Boots an enterprise value of £12.2bn and was enough to see off a rival bid by a consortium led by Terra Firma.
SPAIN - Minerva leads acquisition of inductive components player
Premo Group, a company active in the development, manufacture and sale of products and solutions in the inductive component business, was wholly acquired by Minerva Capital alongside a group of institutional investors and management. Spanish press reports...
UK - Mezzanine Management acquires minority stake in Regard from Bowmark
Bowmark Capital has sold Regard, a UK residential care provider for people with learning difficulties. The exit yielded returns of 3.4x and an IRR of 77%. Mezzanine Management has invested £18m in the newco to take a minority stake in a deal which is...
NL - Gilde to acquire Bakkersland Banket
Gilde Equity Management Benelux looks set to acquire Bakkersland Banket BV, a confectioner, from Bakkersland Groep BV. Bakkersland Banket provides pastry products for the Dutch food retail and foodservice markets, as well as for the exportmarket and is...
UK - Advent to acquire Lloyds TSB Registrars
It is understood that Advent International is to acquire share registration company Lloyds TSB Registrars in a £550m deal. Advent is thought to have beaten competition from Australian company Link Market Services, backed by Bain Capital, and Doughty...
UK - KKR consortium controls quarter of Boots shares
KKR looks to be a step closer to securing the Boots deal today. After recent share purchases the KKR consortium now controls around a quarter of the share capital of Alliance Boots, the FTSE 100 chemist and retailer. Previously KKR's bid was supported...
SPAIN - Investindustrial and Gala Capital buy Panda Software
After over a year of negotiations, buyout firms Investindustrial and Gala Capital have purchased a majority stake of 75% in antivirus developer Panda Software. The remaining stake will be held by founder Mikel Urizarbarrena.
SPAIN - ACS to receive offers for Continental today
Five prospective buyers for Continental Auto are understood to be presenting their offers for the transport group today.
NL - Aletra to acquire DA Retailgroep
Aletra Capital Partners has reportedly agreed to acquire DA, a retailer of cosmetics and beauty products.
FRANCE - Turenne backs online lottery business Mediastay
Turenne Capital Partenaires has invested in the owner buyout of Mediastay via its listed fund Turenne Investissement and its FIP Hexagone Croissance I.
SPAIN/PORTUGAL- Private equity crowd hits the audiovisual arena
The Iberian audiovisual sector has experienced a noteworthy level of private equity activity this week.
UK - FF&P Private Equity backs MBO of insurance broker
FF&P Private Equity has backed the management buyout of RFIB Group Ltd, the international Lloyd's insurance and reinsurance broker from its retired shareholders. The value of the transaction, which is subject to regulatory and other approvals, was not...
UK - Boots bidding war on
A bidding war has broken out for Alliance Boots, the FTSE 100 retail and pharmaceutical group. After KKR upped its offer for Alliance Boots to £10.90 per share in an attempt to see off a rival £10.85 per share bid from Terra Firma, Terra Firma trumpted...
UK - Macquarie strengthens grip on UK communications sector with £1.9bn Airwave purchase
Macquarie is to acquire Airwave, the telecom network used by UK emergency services, from O2 in a £1.9bn deal. O2 is a subsidiary of Spanish telecom group Telefonica. The purchase by Macquarie was made through its Macquarie European Infrastructure Fund...
UK - Aberdeen zooms in on CCTV investment
Aberdeen Asset Managers Growth Capital has backed the BIMBO of Camwatch Ltd, a CCTV monitoring company. Aberdeen and the management team provided equity funding as part of a £6.8m investment package involving debt supplied by Barclays and Royal Bank...
SPAIN - Pan-European houses to race for Codere
The deadline for offers for the 49.9% stake of Codere is tomorrow. Reportedly, pretty much every pan-European house based in Spain has demonstrated interest in the gambling business. Permira, Apax, Texas Pacific Group, Carlyle and BC Partners are all...