Buyouts
UK - Core backs MBO of Blanc Brasseries
Core Growth Capital, the generalist private equity partnership and manager of Core VCT I, II and III, has backed the ТЃ6m equity raising in the ТЃ10m MBO of Blanc Brasseries, the French brasserie chain founded by Raymond Blanc and managed by Loch Fyne...
FRANCE - Avenir Tourisme purchases Yachts de Paris
Avenir Tourisme has backed the buyout of Yachts de Paris, alongside co-investor Perspectives et Participations. The buyers have taken a 30% stake in the business, while the company’s managing director, Marc Bungener, holds the balance. A private investor...
FRANCE - Activa Capital organises MBO of Logitrade
Activa Capital has organised the management buyout of Logitrade, France’s leading procurement externalisation business for non-strategic purchases. Logitrade has been purchased from its founder, Bernard Mercadier, who will remain as chairman of the supervisory...
FRANCE - Naxicap backs mannequin business
Naxicap Partners has backed the buyout of COFRAD to take a minority stake. It has invested a sum of EUR 2.6m through its funds Banque Populaire Développement and FIP Banque Populaire Proximité IDF Nord 2004. The company’s founding CEO, Serge Beltramino,...
GERMANY - Change Capital Partners acquires JIL SANDER Group
Retail specialist Change Capital Partners has agreed the buyout of Jil Sander Group from the Prada Group. The transaction, which was handled by Change Capital's Stephan Lobmeyr, remains subject to regulatory approval.
NORWAY - Ferd Private Equity Fund acquires Wonderland
Ferd Private Equity Fund (FPEF) has announced the acquisition of Wonderland AS. FPEF has committed capital of NOK 2bn and Wonderland is FPEF’s eighth acquisition.
DENMARK - Erhvervsinvest acquires 85% of Elite Gaming A/S
Erhvervsinvest has bought 85% of Elite Gaming A/S from Genua A/S. The value of the deal has not been released. Thomas Marstrand of Erhversinvest will join the board of Elite Gaming A/S.
UK - Granville buys care services firm
Granville Baird Capital Partners, the international mid-market private equity firm, has today supported the management buyout of Choices Holdings Ltd, a provider of supported living and residential care services to people with learning disabilities. Granville...
UK - Phoenix bags Radley
Radley, the UKтs biggest-selling handbag brand, has sold a majority shareholding to Phoenix Equity Partners in a ТЃ45m deal.
UK - Sovereign acquires residential care specialist
Sovereign Capital Partners LLP, the independent lower mid-market UK private equity provider, has completed the ТЃ22m acquisition of Alkare, the specialist provider of residential care for adults with mental health needs.
ITALY - BS buys Arena from Investitori
BS Private Equity has taken over 100% of the Arena Group from Investitori Associati, worldwide leading company in the sports/waterwear category.
UK - Investcorp Technology Ventures acquires Conduit for EUR 90m
Conduit Ltd, one of Europeтs leading directory assistance businesses, has signed a definitive agreement with an entity controlled by Investcorp Technology Ventures to acquire the company for EUR 90m. InfoNXX, Inc., the largest independent directory assistance...
FRANCE - Electra sells electronic security group to Honeywell
Electra Partners Europe has today announced the sale of Gardiner Europe’s largest independent distributor of electronic security equipment, to Honeywell. Gardiner is headquartered in France and has operations in ten European countries: the UK and Ireland...
FRANCE - PPM buys jewellers from Apax
PPM Capital, a mid-market private equity specialist, has reached an agreement in principle to acquire Histoire d'Or, a leading French jewellery distributor, from a group of investors led by Apax Partners for a consideration of EUR 230m. The transaction...
GERMANY - BSN Medical buyout approved by EU
The sale of BSN medical GmbH & Co. KG, based in Hamburg by Beiersdorf AG and Smith & Nephew Plc to Montagu Private Equity has been completed after the approval of the EU commission. In December 2005, Montagu signed a contract subject to merger clearance...
SPAIN - Talde and Highgrowth take majority stake in Teytel Group
The venture capital groups Talde and Highgrowth Partners have together acquired a majority stake in Teytel group, a producer of infrastructure solutions in the telecommunications sector. The total value of the investment has not been disclosed.
FRANCE - Heinz sells seafood business to Lehman Brothers
Heinz has signed a definitive agreement to sell its European Seafood business to Lehman Brothers Merchant Banking for EUR 425m. The transaction is subject to customary EU competition review and approval. Pending regulatory approval, Heinz expects to complete...
UK - No mystery behind Chorion buyout
According to press reports, 3i has offered 425p per share to acquire Chorion, the owner of the rights of authors including Agatha Christie and Enid Blyton, in a deal valued at ТЃ110.7m, excluding around ТЃ20m of debt. The price is a 23.2% premium to the...
GERMANY - All change at top fashion house
Change Capital Partners, the private equity firm specialising in branded goods and retail, and the Prada Group have announced that Change Capital Partners is to acquire the Jil Sander Group.
THE NETHERLANDS - PE eyes on Stork
PE firms are reportedly looking at delisting Netherlands-based conglomerate Stork. Press reports suggest KKR, Blackstone, Carlyle and CVC Capital Partners are looking at potentially buying the firm, which has a market cap of EUR 1.6bn.
UK - LDC tops up its tan
LDC is about to announce the acquisition of St Tropez, the tanning specialist, according to press reports. The firm reportedly beat rival bidders including Phoenix Equity Partners and is expected to sign the deal in the next ten days.
FRANCE - PE houses dig for French gold
CDC Entreprises has just acquired France’s largest chain of jewellers Marc Orian for an estimated EUR 140m, according to press reports. The Paris-based newco, Financière M.O, was taken private by Crédit Lyonnais Asset Management, now Crédit Agricole Private...
LITHUANIA - MartinsonTrigon acquires 100% of shares in MicroLink Lietuva
AS Martinson Trigon, a Tallinn-based investment fund, has acquired 100% of MicroLink Lietuva and IT training company Baltijos Kompiuteriu Akademija (BKA) from Lietuvos Telekomas.
FRANCE - European Capital buys motorcycle specialist
European Capital has today announced the completion of its one stop buyout of Action Sport Holding, a leading distributor of motorcycle and bicycle gear and accessories in France. The group’s investment takes the form of senior term loans, mezzanine debt,...