Buyouts
FRANCE - Weinberg pilots secondary buyout of Via Location
Weinberg Capital Partners has taken a majority stake of truck rental business Via Location. The deal means an exit for Edmond de Rothschild Capital Partners (ERCP).
FRANCE - MBO Partenaires invests in dried fruit distributor
French mid-cap private equity firm MBO Partenaires has backed the buyout of Daco, a distributor of dried fruits.
UK - Exponent backs buyout of marine services provider V.Holdings
Exponent Private Equity has supported the management buyout of V.Holdings, a marine services provider and international provider of energy outsourcing solutions. Close Brothers Private Equity, an investor since 2003, has reinvested some of the proceeds...
UK - Gresham's recommended offer for ICM in the balance
Gresham's recommended offer for business availability provider ICM Computer Group is facing competition from trade rival Phoenix. Gresham won a Close Brothers-run auction to lead the mangement buyout of the listed company last Friday since when Phoenix...
UK - Bain and Apollo to be Sainsbury's second suitors?
It is reported that Bain Capital and Apollo Management are to team up to launch a rival bid for Sainsbury's.
FRANCE - Consortium wins Saur exclusivity
A syndicate led by state-backed CDC and including industrial company Séché Environnement and AXA Investment Managers (AXA IM) has won exclusivity in an auction for water business Saur. According to reports in the French press, the price obtained by...
UK - Duke Street acquires Burton's Foods from HM Capital
Duke Street Capital has acquired Burton's Foods from HM Capital. Duke Street saw off competition from the likes of 3i and Legal and General Ventures to win the £287m-turnover company in an estimated £210m deal. HM Capital had held Burton's since 2000...
SPAIN - Vista acquires pharma business for EUR 360m
Vista Capital has wholly purchased pharmaceutical business Laboratorios Indas from the Arochena family for around EUR 360m. It is understood that the private equity firm has faced competition from its peers Mercapital, Nmás1 and Ibersuizas, before signing...
GERMANY - Cogentas portfolio company acquires gkk DialogGroup
Scholz & Friends Group, a Cognetas portfolio company, has acquired Frankfurt-based gkk DialogGroup (gkk), a provider of communication services. Scholz & Friends, an advertising and marketing group, established a joint venture with gkk in early 2005 called...
UK - Cadbury demerger presents opportunity for Blackstone and Lion?
It is reported today that Blackstone and Lion Capital are considering a bid for the beverage arm of Cadbury Schweppes following news that the company has appointed its bankers to prepare for a demerger of its drinks and confectionary arms.
NL - GIMV acquires Prolyte through Dutch subsidiary Halder
GIMV has acquired, through its Dutch subsidiary Halder, a majority shareholding in Prolyte, the European market leader in movable aluminium constructions for the entertainment and exhibition industry. Prolyte was owned by the managers and founders of...
UK - TA Associates to acquire Jupiter
TA Associates has emerged as the most likely buyer for fund management group Jupiter Asset Management. The company has been in discussions with a number of private equity firms since its owner, Commerzbank, announced its intention to list Jupiter a year...
UK - Sovereign Capital creates enlarged social housing maintenance company
Sovereign Capital has acquired Hudson Engineering Services Ltd. Hudson, a provider of gas, fabric and electrical maintenance services to homes owned by local authorities and the Ministry of Defence, will be merged with two other portfolio companies in...
UK - Inflexion backs buyout of air conditioning business
Inflexion Private Equity has led the buyout of Aspen Pumps Ltd & BBJ Engineering Ltd, a supplier of condensate pumps and air conditioning accessories. Inflexion has acquired a majority equity stake, the management team has also invested and a package...
SPAIN - Dinamia and Nmás 1 acquire Alcad for EUR 9,8m
Private equity firms Dinamia and Nmás 1 have acquired Alcad in an MBO valued at EUR 9,8m.
FRANCE - CDC CI acquires 66% of Feu Vert
CDC Capital Investissement has acquired 66% of Cofidim, a holding comprising car servicing business Feu Vert, spare parts distributor Impex, and windshield repair company Mondiale Par-Brise.
UK - KKR's initial bid for Boots rejected
KKR's £10-per-share bid for chemist and retailer Alliance Boots, in association with the company's executive deputy chairman Stefano Pessina, has been rejected.
GERMANY - HSH N Kapital acquires Siemens division
HSH N Kapital GmbH has announced the acquisition of Siemens Building Technologies electronic GmbH from Siemens Building Technologies for an undisclosed amount. Mühlhausen-based Siemens Building Technologies electronic GmbH, develops and produces energy...
UK - Close Ventures backs £6.7m buyout of Compass Supply Solutions
Close Ventures has invested up to £6.7m into Chichester Holdings Ltd to back the management buyout of Compass Supply Solutions Ltd (Compass).
SWEDEN - Kwintet acquires The Cotton Group
Industri Kapital portfolio company Kwintet has acquired European promotional wear company The Cotton Group. Industri Kapital backed the buyout of Kwintet in 2005.
GERMANY - Triton acquires SMS businesses
Triton has acquired a portfolio of companies supplying plastics processing machinery in the field of pipe and profile extrusion as well as film and sheet extrusion technology from SMS Kunststofftechnik. The companies comprise Battenfeld Extrusiontechnik,...
BELGIUM - 3i backed AviaPartner acquires Aero Groundservices
AviaPartner, a 3i portfolio company, has acquired cargo handling firm Aero Groundservices from VCK Holding, a logisitics and travel company.
UK - Boundary Capital hits a double
Boundary Capital has acquired Prontaprint and Kall Kwik in a management buyout from Adare.
UK - The Riverside Company acquires Salamander
The Riverside Company has acquired Salamander as an add-on to Sentinel, a platform company acquired by Riverside in August 2005.