Buyouts
DENMARK - CVC to bid for Matas
CVC Capital Partners has issued a DKK 5.1bn bid for Matas, according to press reports. Matas has 291 stores in Denmark and more than 2,000 employees. The company sells medicines and healthcare products.
GERMANY - Caledonia leads MBO of Tractebel Gas Engineering GmbH
Caledonia Investments Plc has committed to provide Euro 18m to back the MBO of Tractebel Gas Engineering GmbH (TGE) from Tractebel Engineering, a member of the Suez Group.
UK - Close Brothers Private Equity acquires water chemical business
Close Brothers Private Equity (CBPE) today announces the acquisition of the industrial water chemicals business from US listed Chemtura Corporation for an acquisition price of $85m. The business will be renamed BWA Water Additives(BWA). BWA is a global...
SWEDEN - Indap increases offer price for Gambro to SEK 113.70
Indap AB has announced it will be increasing the offer price on Gambro’s series A and B shares from SEK 109.7 to SEK 113.7 per share as well as extending the acceptance period until 31st May. This will give shareholders who have not already tendered their...
UK - ISIS back MBO of the Panacea Group
ISIS Equity Partners, in partnership with the Panacea management team, has successfully completed a management buyout of the Panacea Group. ISIS invested ТЃ6.187m as part of the transaction alongside senior debt and working capital facilities from Lloyds...
UK - Matrix backs MBO of Blaze Neon Ltd
Matrix Private Equity Partners has financed a ТЃ5m secondary management buyout of Blaze Neon Limited (Blaze) alongside management and senior debt from Lloyds TSB. Blaze is a leading player in the design, manufacture and installation of shop front and...
UK - Enterprise Ventures backs MBO of Acorn Foundation Engineering Ltd
Enterprise Ventures, the North-West based venture capital company, has completed an investment in the management buyout of Acorn Foundation Engineering Ltd (AFE). Andrew Hall, the current managing director of the company received backing from Enterprise...
GERMANY - Towerbrook Capital Partners acquires Fine Chemicals
Towerbrook Capital Partners LP has backed the buyout of Clariant's Fine Chemicals business. The value of the transaction is approximately EUR 70m.
UK - Core Growth Capital leads secondary buyout of London Graphic Centre
Core Growth Capital, manager of Core VCTs I, II and III, has led the secondary MBO of London Graphic Centre (LGC), investing ТЃ3m alongside ТЃ9m of debt facilities provided by Singer & Friedlander.
UK - Graphite backs £25m MBO of TMP Worldwide
Graphite Capital is backing the ТЃ25m management buyout of TMP Worldwide from its American parent, Monster Worldwide, Inc. TMP Worldwide is the UK and Irelandтs leading recruitment communications business, with 70% of its business in the public sector...
UK - Endless acquires GlynWebb.
Endless LLP has acquired chain retailer GlynWebb for an undisclosed sum. GlynWebb, which specializes in selling discounted DIY, homeware and garden products in the North and Midlands of England generates annual sales of ТЃ45m and is planning to increase...
ITALY - Siparex Italia arranges MBO of TecMo
Siparex Italia has completed the management buyout of TecMo from Thermadyne Holding Corporation, a multinational manufacturer of cutting and welding products. Siparex has taken a 50% interest in the acquisition vehicle and the senior debt was arranged...
FRANCE - Argos Soditic backs Sitour's MBO
Argos Soditic has backed the management buyout of Groupe Sitour. This is the first investment made through the equity house's new fund, Euroknights V.
FRANCE - ABN AMRO Capital France acquires majority of NextiraOne
ABN AMRO Capital France has signed an agreement to buy the majority of NextiraOne and the management and Indigo Capital will take minority shareholdings.
FRANCE - Avenir Entrprises gestion backs Medil's MBI
Eric Menanteau and his management team are taking a 57% stake in medical equipment provider, Medil. Avenir Entreprises Gestion has backed this management buy-in, taking 33% of the company's equity.
FRANCE - Banexi, Demeter and Naxicap back Paprec MBO
Paprec has restructured its capital framework and reinforced its financial capacity during a management buyout backed by Banexi Capital Partenaires, Demeter Partners and Naxicap Partners. The equity houses comitted a total of EUR 35m in this MBO. Previous...
FRANCE - Banexi, Naxicap and BNP Paribas back D'Haussy's
Groupe Eppe has sold D'Haussy to a syndicate of investors composed of Banexi Capital Partenaires, Naxicap Partners and BNP Paribas Développement, with management retaining a 12% stake.
FRANCE - Banexi Capital Partenaires takes majority stake in Numalliance
Banexi Capital Partenaires has invested from its fund Middle Market Fund III to take a majority stake in Numalliance
GERMANY - Equita makes it three in a week
Equita Management GmbH has made its third investment in a week with the acquisition of Z&J Technologies. The vendor, Hochtemparatur Engineering GmbH (HTE) is a portfolio company of Deutsche Beteiligungs AG. This is the third investment to be made by Equita...
FRANCE - One Equity Partners and Carlson Companies buy 50% of Carlson Wagonlit Travel
In a deal worth $465m, Carlson Companies and One Equity Partners have bought a 50% stake in Carlson Wagonlit Travel (CWT) from Accor.
DENMARK - Montagu buys LOGSTOR from Axcel, Polaris and FIH
Montagu Private Equity has agreed to acquire LOGSTOR for an undisclosed sum from Axcel, Polaris and FIH. The acquisition has been made in partnership with the company’s incumbent management team.
FRANCE - Activa Capital backs MBO of BFI Optilas
Activa Capital Fund FCPR has taken a majority stake in BFI Optilas, a Nasdaq-listed distributor of electronic and photonic products.
UK - LGV appoints Casey to chair Integrated Dental Holdings
Gavin Casey, the former CEO of the London Stock Exchange, has been appointed chairman of Integrated Dental Holdings.
GERMANY - EQUITA acquires Barat Carbide and Barat Ceramics
In a joint deal with the company management, Equita Fonds 3 has acquired Boart Longyear HMSR and Boart Ceramics GmbH. The vendor, Longyear Holdings Inc, is based in Salt Lake City. The two companies, Hard Materials and Softrock Tools (HMSR) and Boart...