Buyouts
UK - Scott Tod to be taken over by Rutland Partners
Scott Tod, the struggling cash machine specialist is to be delisted by Rutland Partners in a deal which values the loss making company at ТЃ7.4m.
UK - Aberdeen Asset Managers backs MBO of Homelux Nenplas
The UK's leading tile accessory and plastic extrusion manufacturer, Homelux Nenplas, has been the subject of a management buyout led by Aberdeen Asset Managers. The business was sold by US-based Newell Rubebrmaid. Yorkshire Bank supported the transaction....
SPAIN - M-Capital invests in Arigas Andalucia and Autosur
M-Capital has taken a 40% shareholding in Arigas Andalucia, an early-stage company that specializes in maintenance services for water and gas networks. The Cordoba –based company Arigas Instalaciones will hold the remaining stake.
UK - Busy times for Sovereign Capital
In the space of three days, Sovereign Capital Partners has completed an exit and an acquisition finance deal. The exit deal from SENAD Group, a specialist educational provider in Derbyshire, Staffordshire and Wales, generated an IRR of 110% and represents...
GERMANY - Palamon takes controlling stake in cadooz
Palamon Capital Partners has acquired a controlling stake in cadooz AG. The company is a provider of gift certificates for corporate customers in Germany. The financial investor has committed EUR 15m in capital within the framework of the transaction....
UK - Permira and DLJ make shortlist for All3Media
Permira and the private equity arm of Credit Suisse, DLJ are on the shortlist to acquire the company behind Hollyoaks and the Richard & Judy show.
SWITZERLAND - Capvis invests in storage solutions
Capvis Equity Partners has taken a majority stake in Lista B+L Holding, comprised of the Lista Workspace and Storage Systems group. The deal is part of Lista Group's 18-month restructuring plan. The company recorded revenues of SFr 220m in 2005, with...
FRANCE - French investor backs MBO of home hairdressing service
Edmond de Rothschild Capital Partners (EdRCP) has taken a significant majority stake in home hairdresser, Viadom.
UK - Gresham backs MBO of Giles Insurance Brokers
Gresham has announced that it has backed Chris Giles and the management in the management buyout of Giles Insurance Brokers Ltd, one of the UKтs fastest growing commercial insurance brokers, in a deal valued at ТЃ45m.
UK - Further consolidation of the health market?
Holmes Place, controlled by Permira and Bridgepoint Capital, could be acquired by Virgin Active if a new merger plan is to go ahead. According to the Financial Times, the Virgin Group would then float the enlarged company which would be the UK's second...
UK - Gresham Private Equity backs MBO if Just Trays
Gresham Private Equity has today announced its backing in the MBO of Just Trays, the UKтs leading manufacturer of shower trays. It has an estimated 20% share in the UK shower tray market and plans to increase its market share by introducing further innovative...
UK - Premier Foods looks likely contender for Campbell's Soup business
As the results of the auction for the UK and Irish businesses of Campbell's Soup are awaited, Premier Foods has revealed bouyant trading in its convenience food range.
UK - Private equity bids for GUS divisions
GUS has decided to stick with its plan of demerging its marketing and information services arm from its retail division despite private equity bids for the whole group, according to the Times today. The bid for the whole group would value it at ТЃ11.7bn....
UK - HgCapital sells Castlebeck for £255m
HgCapital today announced the sale of Castlebeck to Castle Holdings Ltd, a Jersey-registered company associated with Barchester Healthcare group, the leading quality private healthcare provider for ТЃ255m.
UK - Candover to take DX Services private
The business to business mail services provider DX Services is to be delisted following an offer made by a vehicle owned by Candover Partners.
SWEDEN - Altor acquires PIAB
Altor Fund II has signed an agreement to acquire the Swedish vacuum technology company, PIAB Invest AB from the Tell family. Altor are aiming to significantly expand the company within the next few years as they will now have the required capital and...
UK - ABN AMRO Capital acquires Volution from Montagu Private Equity
ABN AMRO Capital has agreed to acquire Volution Holdings Ltd from Montagu Private Equity with the transaction expected to complete in August 2006.
GERMANY - 3i and Creathor acquire Accovion
3i and Creathor have wholly acquired Accovion AG from Sanofi-Aventis. Accovion was spun out from Aventis' departments for clinical research, biological statistics and drug monitoring. 3i financed the 2001 spin-out with a significant minority participation....
SPAIN - Candover set to buy Applus +
According to reports in the Spanish press, Candover Partners has signed an agreement to buy Applus + from its shareholders Aguas de Barcelona, Unión Fenosa and Caja Madrid, for EUR 915m.
FRANCE - Médica France sold by Bridgepoint to BC Partners
BC Partners has agreed to acquire Médica France, one of the country's largest nursing home groups, for EUR 750m. BC Partners alongside AXA Private Equity have backed the management of Médica allowing Bridgepoint and AlpInvest to exit having held the company...
GERMANY - Auctus acquires Aluminium smelting specialist
Auctus Management has acquired aluminium smelting specialist ZPF therm GmbH. Financial details have not been disclosed, but the buy and build specialist will consider strategic add-on acquisitions. BW Bank provided debt financing for the transaction....
UK - Private equity set to acquire Hard Rock Cafe
According to reports in the Financial Times today, the Rank Group is conducting a review of its Hard Rock Cafe business with the help of Merrill Lynch.
SWEDEN - Fiskars Corporation to purchase Silva Group
Fiskars Corporation has signed an agreement to acquire the Sweden-based Silva Group which will include its US-based subsidiary The Brunton Company. The two leading providers of outdoor activity-related products will operate under the Fiskar brands, including...
UK - Morrison a possible target for Texas Pacific, CVC and Permira
The Observer reported yesterday that private equity groups are weighing up an offer for supermarket group WM Morrison.