Buyouts
UK - Inflexion backs £12m MBO of Tekton Group
Inflexion Private Equity has led the £12m management buyout of Tekton Group, the fastest growing Enterprise Resource Planning software provider to the UK construction and house building industries. The buyout also includes the simultaneous complementary...
ITALY - Bridgepoint acquires motor homes manufacturer
Bridgepoint has agreed to purchase SEA, a manufacturer of branded motor caravans.
UK - Close Brothers Private Equity exits Moody via sale to Investcorp
Investcorp has acquired Moody International in a $311m secondary management buyout deal from Close Brothers Private Equity. CBPE paid $55m in April 2004 for the Sussex-based inspection services provider to the oil and gas industries which counts BP, Royal...
SPAIN - Corpfin Capital acquires Restauravia Food
Corpfin Capital has acquired the restaurant chain Restauravia Food alongside its management team in a BIMBO valued at EUR 95m.
SPAIN - Private equity funds acquire Global 3 Energía
Private equity firms Corpfin Capital, Ahorro Corporación and Impala Capital have acquired 74% of Global 3 Energía from US firm ArcLight Energy Partners.
ITALY - L Capital acquires 40% of Calligaris
Market sources suggest that L Capital has purchased a 40% stake in home decoration business Calligaris. The value of the transaction has not been disclosed.
FINLAND - CapMan to acquire Komas Oy
CapMan has agreed to acquire Komas Oy from private equity investor Midinvest Management and other owners of the company. No details regarding the transaction price will be disclosed.
UK - Duke Street Capital sells Lil-lets to Electra Partners
Duke Street Capital has sold Lil-lets feminine hygiene division of Accantia, the health and beauty manufacturer to Electra Partners for a total consideration of £80m. Duke Street Capital originally backed the £225m management buyout of Accantia in November...
ITALY - Abacus Invest closes its first deal
Milanese Abacus Invest has completed its first deal yesterday by purchasing a 56% stake in Controls. The consideration was not made public.
GERMANY – Armacell goes to Investcorp
Investcorp has acquired Armacell International GmbH in a secondary buyout from Gilde Buy-Out Fund and funds managed and advised by CVC Capital Partners. No further terms of the transaction have been disclosed.
SWITZERLAND/ BELGIUM – Alpha acquires Dietiker and NFI
Alpha Private Equity has acquired the Zurich-based Dietiker group for an undisclosed sum from its family shareholders. The investment is the fifth investment from the financial investor’s Alpha Private Equity Fund 5 (APEF 5), which closed in February...
ITALY - Apax acquires healthcare factoring business
Pharmaceutical group Confarma is reported to have sold the majority of its shares in Farmafactoring to FF Holding, a vehicle entirely owned by Apax Partners.
UK - Hermes Private Equity acquires residential care provider ILG
Hermes Private Equity has acquired Independent Living Group (ILG), a provider of residential care for adults with severe and profound learning disabilities in the South East of England from a diverse group of shareholders. Bank of Scotland provided debt...
GERMANY – HgCapital acquires toy manufacturer
HgCapital has acquired a majority stake in German toy manufacturer Schleich GmbH for an undisclosed amount. Schleich GmbH is based in Schwäbisch Gmünd and was founded in 1935. The company develops and produces figurines that are marketed world wide.
UK - August Equity acquires superyacht publisher for £29m
August Equity has backed the £29m secondary management buyout of Boat International Group from funds managed by Henderson Private Capital. August Equity invested £13.4m of equity funding alongside debt facilities provided by Lloyds TSB to acquire the...
NL - 3i to acquire Business Media Europe from VNU
3i has announced that it has reached an agreement in principle to acquire substantially all of VNU Business Media Europe (BME), a Dutch careers classified and B2B magazines group, from VNU.
UK - Gresham backs MBO of Town Centre Restaurants from Bank of Scotland Corporate
Gresham Private Equity has backed the secondary buy-out of Town Centre Restaurants (TCR) from Bank of Scotland Corporate, in a deal with a total funding package of £48m. With over 50 sites in the UK's busiest town and shopping centres, Town Centre Restaurants...
UK - Barclays Private Equity backs £28m MBO of Artigiano
Barclays Private Equity has backed the £28m management buyout of Scala Collections Ltd, the direct retailer of Italian designed ladies’ clothes, shoes and accessories which trades as Artigiano. As part of the deal, Barclays Private Equity will take...
POLAND – ARGUS acquires GTX Hanex Plastic
ARGUS Capital Partners have acquired a majority stake in Polish manufacturer of polyethylene terephthalate (PET) performs, bottles and film, GTX Hanex Plastic, for an undisclosed sum from Montluc Holdings. Following the buyout the financial investor intends...
AUSTRIA - Cerberus takes BAWAG in Austria's largest ever buyout
A group of investors led by US-based Cerberus Capital Management has agreed to purchase BAWAG P.S.K. from trade union OeGB.
GERMANY – European Capital acquires Metall Technologie Holding for EUR 106m
European Capital has acquired the European manufacturer of high-end heat treatment industrial furnaces, Metall Technologie Holding for EUR 106m. Post close, the financial investor will own approximately 83% of the shares with the management team holding...
SPAIN - Doughty Hanson buys Avanza for EUR 600m
Doughty Hanson's Madrid branch has completed its first deal by acquiring transport group Avanza.
FRANCE - Charterhouse buys Vivarte from PAI for EUR 3.5bn
Charterhouse has reportedly agreed to back the secondary buyout of clothing and shoes distributor Vivarte, in a deal worth over EUR 3bn.
GERMANY – KKR and Permira win auction for ProSiebenSat1
A consortium comprising Kohlberg Kravis Roberts & Co and Permira Advisers has acquired a 50.5% stake in German broadcaster ProSiebenSat1. The value of the transaction is believed to be over EUR 3bn. Following the acquisition, media analysts expect the...