Buyouts
UK - Vision Capital proposes to acquire four businesses from Northern Foods
Vision Capital has exchanged contracts for the proposed acquisition of four businesses from Northern Foods plc for a total consideration of £160m. Completion of the transaction is subject to the approval of Northern Foods' shareholders.
GERMANY – AXA Private Equity buys CABB
AXA Private Equity has acquired more than 70% of shares in German specialty chemicals company CABB GmbH. As a result previous financial investor Gilde has fully exited its investment. CABB, formerly part of the Hoechst group, had been a subsidiary of...
BELGIUM - Gilde acquires Belgium Johma and Hamal salad business
Gilde has backed the management buyout of Uniq Belgium, a producer and marketer of private label and branded spreadable salads, from UK-based Uniq PLC. The transaction signifies the first investment from the recently raised Gilde Equity Management Benelux...
NORWAY - Norvestor buys 70% of BecoTek
Norvestor IV LP has agreed to acquire a 70% interest in BecoTek. BecoTek is an integrated manufacturer and supplier of brass cages to the ball and roller bearing industry worldwide. Headquartered in Åmot, the company recorded a turnover of NOK 194m in...
SWEDEN - Argan Capital buys service provider unit from Manpower
Argan Capital has signed an agreement for the acquisition of the facility management and contact centre businesses within Manpower Business Solutions from Manpower. The companies employ approximately 1,800 staff and generate revenues of around EUR 170m....
UK - Dubai International Capital interested in Liverpool FC
The board of Liverpool Football Club will meet this week to discuss the investment proposals of American billionaire George Gillett, who owns the Montreal Canadiens ice hockey club.
GERMANY – Waterland acquires second gaming arcade operator within a month
Waterland Private Equity has acquired Highway Automaten GmbH through its third fund Waterland Private Equity Fund III BV that closed on EUR 400m in April this year. The financial investor had previously acquired Löwen Play, the second largest amusement...
GERMANY – Deutsche Beteiligungs AG takes control of Homag
Schopfloch-based Homag Group AG, a manufacturer of woodworking machinery for the furniture and construction supplies industries, has been acquired by Deutsche Beteiligungs AG. The financial investor had already held a 21.4% stake and acquired an additional...
SWEDEN - Cinven to acquire Phadia for EUR 1.3bn
PPM Capital and Triton have signed an agreement to sell Phadia, a global market leader in in-vitro allergy diagnostics, to Cinven, for EUR 1.3bn. The sale remains subject to regulatory approvals. PPM and Triton were advised by UBS Investment Bank, Morgan...
FRANCE - Siparex backs the buyouts of two contruction suppliers
Sigefi Private Equity (of the Siparex group) has backed the buyout of siding and roofing steel accessories manufacturer Comat, and of pre-insulated pipes maker Solice.
FRANCE - LFPI backs the management buy-in of Holtex
LFPI has taken an 85% stake in medical equipment company Holtex, via its fund LFPI Croissance. LCL underwrote the senior debt package.
FRANCE - AXA Private equity wins Keolis exclusivity
Following a UBS-run limited auction, France's state rail group SNCF has selected AXA Private equity to buy 55% of public transport management company Keolis.
FRANCE - Barclays Private Equity profits from 21 Centrale's withdrawal from Apem
21 Centrale Partners has withdrawn its offer to acquire electrical switch maker Apem, citing concerns stemming from due diligence work.
UK - Barclays Ventures supports £30m management buy-in
Barclays Ventures has backed a simultaneous £30m management buy-in of Amwell Systems and Twyford Bushboard. The combined businesses create the UK’s leading independent designer, manufacturer, supplier and installer of both traditional washroom systems...
UK - Amec rejects £1.5bn bid from TPG and First Reserve
A takeover bid by Texas Pacific Group and First Reserve for engineering services group Amec has been rejected by its board. It was reported that the offer, at £1.5bn, was rebuffed on the grounds that it did not value the company highly enough. Analysts...
SWEDEN - Nordic Capital buys TietoEnator's stake in Personec
Nordic Capital Fund V has agreed to acquire TietoEnator’s shareholding as well as outstanding shareholder loans in Stockholm-headquartered Personec. After the transaction, Nordic Capital will control 100% of the company together with the management...
ITALY - Permira to sell Grandi Navi Veloci to private equity consortium
According to press reports, Permira is said to have reached an agreement with a consortium including buyout house Investitori Associati, Charme and De Agostini to sell its portfolio company Grandi Navi Veloci for over EUR 750m. Two years ago, Permira...
ITALY/GERMANY - Mediaset leaves competition for ProSiebenSat
Mediaset, the broadcasting giant owned by ex-prime minister Silvio Berlusconi, is no longer in the competitive process for German television network ProSiebenSat.1 Media.
ITALY - SG Capital Europe acquires majority stake in Modo & Modo
SG Capital Europe has acquired a 75% stake in Modo & Modo SpA, a manufacturer of paper stationery products under the Moleskine brand. The value has not been disclosed.
PORTUGAL - The Riverside Company acquires ONI
The Riverside Company has agreed to acquire ONI SGPS SA, the wire-line telecom unit of Portuguese utility Energias de Portugal. The deal is valued at EUR 160m, and is expected to close early next year.
UK - Investment management company moves to Liverpool
A specialist multi manager investment firm with over £100m of assets under management is expanding into Liverpool with backing from Merseyside Special Investment Fund (MSIF). Mercater Capital Management has opened offices in Liverpool after receiving...
UK - Inflexion sells ACIS to The Carlyle Group
Inflexion Private Equity has sold its entire stake in Advanced Communications and Information Systems Ltd (ACIS) in a secondary buyout to The Carlyle Group. The financial details of the transaction were not disclosed.
UK - Enterprise receives approach from unknown private equity company
A company which provides outsourced planned and reactive maintenance services to utility companies and local authorities, Enterprise, has received a takeover approach from an unknown private equity company.
FRANCE - Natexis and Crédit Agricole back buyout of luxury bottle maker
Natexis Industrie, Natexis Investissement and Crédit Agricole Private Equity have backed the buyout of Saverglass, a designer, manufacturer and distributor of luxury glass bottles and decanters.