Buyouts
GERMANY - Baird Capital acquires Zarges Tubesca
Baird Capital Partners Europe has acquired the Zarges Tubesca Group from funds advised by Taros Capital for a total consideration of EUR 156m. Baird intends to grow the company, together with the incumbent management team, organically and through further...
FINLAND - Industri Kapital buys Moventas from CapMan
Industri Kapital has agreed to buy a majority stake in manufacturer of industrial and wind turbine gears Moventas from CapMan for an undisclosed sum.
UK - Countrywide shareholders reject 3i bid
3i's £971m bid for Countrywide has failed to gain the 75% of shareholder votes that it needed to be successful.
UK - Electra Private Equity to sell Capital Safety
Electra Private Equity is reported to be putting Capital Safety, the height safety equipment business, up for sale. It is thought the asset will fetch between £200-250m at auction with Permira and Advent International expected to bid.
UK - Barclays Private Equity sells Phase Eight to Kaupthing consortium
Phase Eight, the women’s wear retailer, has been sold by Barclays Private Equity, in a deal that values the company at £51.5m. Phase Eight has been acquired by an investor consortium comprising management, Kaupthing Principal Investments, the Tchenguiz...
SPAIN - Nazca buys Acens Technologies alongside management
Nazca Capital has wholly acquired IT outsourcing business Acens Technologies alongside its management. Although the consideration has not been disclosed, the deal is understood to be worth around EUR 40m.
UK - Rutland acquires ATM operator in £45.3m deal
Rutland Partners' portfolio company Notemachine Ltd has acquired TRM (ATM) Ltd, the UK operations of TRM Inc. for £45.3m. Notemachine, formerly Scott Tod was delisted from AIM by Rutland in September 2006 and TRM is a complementary business involved...
FRANCE - MBO Partenaires acquires 35% of Degetel
MBO Partenaires has backed the management buyout of IT services company Degetel. The private equity firm took a 35% stake, with the balance being retained by management. Banque Palatine led the pool of banks which underwrote the debt package.
ITALY - BC Partners joins the competition for Alitalia
Press reports suggest that pan-European firm BC Partners is also interested in troubled airline Alitalia.
UK - Hutton Collins backs MBO of Windsor
Hutton Collins is backing the management team of Windsor, the insurance broker, in a take-private deal worth £33.7m. Hutton Collins is providing £15m in debt and equity financing alongside a £19m senior debt package supplied by KBC.
SPAIN - Advent sells Parques Reunidos in Spain's largest ever exit
As anticipated by unquote news" on 17 January, Candover has acquired leisure complex Parques Reunidos from Advent International in Spain's first mega-deal of the year.
FRANCE - Platina LP takes two thirds of industrial engineer Cira Concept
In a EUR 13m deal, Platina Finance has acquired two thirds of Cira Concept via its fund Platina LP. The transaction was leveraged with a EUR 7m debt underwritten by Société Générale.
ITALY - All eyes on Alitalia
Italian turnaround funds, industrial players and US private equity houses are said to be among the interested parties in troubled airline Alitalia. It is understood that the deadline for the submission of offers is next Monday.
FRANCE - City Star Private Equity leads its third deal
City Star Private Equity has led its third buyout since its creation in 2005. The private equity firm has invested in real estate construction management business Habiva, alongside Paluel Marmont Capital and Maceinvest.
SWEDEN - Litorina buys waste management company
Litorina Kapital has acquired Resta, a Stockholm-headquartered waste management company. Following the acquisition, Litorina will own approximately 75% of the company and the founders the remaining 25%.
UK - KKR looks at Pearson
Pearson the media group is the subject of buyout speculation. It is reported that KKR is weighing up a £7bn bid for the publisher of the Financial Times which has its core business in educational publishing.
LITHUANIA - Mid Europa buys Baltic mobile operator for EUR 450m
Mid Europa Partners has agreed to acquire 100% of Baltic mobile operator Bité from TDC for a cash consideration of EUR 450m. Bité has generated an annual revenue growth of 20% over the past two years and the new owner is committed to the continued development...
GERMANY - Finatem announces three investments
Finatem Beteiligungsgesellschaft has announced three investments from its latest fund Finatem II. The financial investor has acquired the Schwinn Group as part of a management buy-in as well as Deutsche Notrufzentralen und Sicherheitsdienste Holding GmbH...
SPAIN - Candover is the most likely buyer of Parques Reunidos
The sale of leisure complex Parques Reunidos is nearing its final stages.
FRANCE - SG Capital Europe takes 88% of business advice call-centre SVP
SG Capital Europe has backed the management buyout of Paris-based SVP Group.
UK - ABN AMRO Capital backs £70.4m buyout of TGI Friday's
ABN AMRO Capital, in association with US-based Carlson Restaurants Worldwide, has agreed to acquire 45 TGI Friday’s restaurants in the UK from Whitbread Plc. As the global leader in the casual dining industry, Carlson Restaurants Worldwide is the master...
GERMANY - Granville Baird acquires Zarges Tubesca
Granville Baird Capital Partners Advisers has acquired Zarges Tubesca from Taros Capital for a total consideration of EUR 156m. The management also reinvested in the company and will hold a minority stake.
UK - Aberdeen Asset Managers Growth Capital backs £17m MBO of Oliver Kay
Aberdeen Asset Managers Growth Capital has led the £17m management buyout of Oliver Kay Ltd, a supplier of fresh fruit, vegetables, delicatessen products and sundries to hotels, restaurants and pubs.
UK - ECI acquires Aerial Facilities in £56m management buy-in
ECI Partners has acquired Aerial Facilities for £56m. Aerial, based in Buckinghamshire, is a market leader in the design, manufacture and installation of specialist products and solutions. ECI is backing a new management buy-in team led by Ian Brown,...