Buyouts
SPAIN - All eyes on Mercapital's Occidental Hoteles
Press reports suggest that Mercapital is in advanced negotiations to finally sell its 29.5% shareholding in Occidental Hoteles. The chains Barceló, Sol Meliá and NH Hoteles have already submitted offers and the deal is likely to be completed before...
UK - Promethean portfolio company DLG makes acquisition
Promethean portfolio company Data Locator Group (DLG) has acquired the business and assets of Wegener DM Group Plc (WDM) from the listed media group Koninklijke Wegener NV. WDM has created a database on UK consumers and their lifestyles and collects the...
GERMANY - Waterland acquires amusement arcade operator
Waterland Private Equity has backed the management buyout of Löwen Play, Germany’s second largest amusement arcade operator. The acquisition was made through Waterland Private Equity Fund III BV that closed on EUR 400m in April this year.
UK - Promethean keen on Media Square
Media Square, the listed marketing company which issued a profit warning last month, is reported to have rejected a bid by Promethean. The share price rose by 4p yesterday on the news of this bid.
FRANCE - Banexi Capital Partenaires leads the buyout of Thermes Adour
Banexi Capital Partenaires and BNP Paribas Developpement have taken a 50% stake in Spa resort manager Thermes Adour.
SPAIN - Arturo Cantoblanco courts 3i's Provimar
Grupo Arturo Cantoblanco is reportedly negotiating the acquisition of Provimar, a service provider to cruise ships and duty free stores, from 3i for EUR 18m. Property of the private equity firm for five years, Provimar reported a turnover of EUR 100m...
ITALY - Blackstone to buy Gardaland from Investindustrial
According to sources, Investindustrial is to sell leisure complex Gardaland to the Blackstone Group for a sum reported to be over EUR 500m. Gardaland is Italy's largest amusement park with approximately 3 million visitors per year and over 250 shareholders....
NL - ING to sell speciality insurance unit to Hal and Egeria
ING Group has announced that it intends to sell its speciality insurance unit Nationale Borg to HAL Investments and Egeria as part of its strategy to focus on its core insurance, banking and asset management businesses. The intended sale is subject to...
GERMANY - Investor consortium to take over renergys
A consortium of investors made up of Ramius Group, GermanCapital Morgan Stanley and Milan-based Sopaf, is to acquire renergys GmbH from venture fund GermanIncubator and a group of private investors. As part of the transaction the investors will provide...
NORWAY - CapMan to make voluntary offer for Polimoon
CapMan funds intend to put forward a voluntary offer to purchase all shares outstanding in Oslo Stock Exchange-listed Polimoon ASA for a total equity valuation of NOK 1.082bn. The offer price is NOK 27.50 per share.
UK - Macquarie bids £8bn to win Thames Water auction
RWE, the German energy group, has sold Thames Water to a consortium led by Macquarie's European infrastructure fund. The £8bn deal involves £3.2bn of debt. It is expected to close before the end of the year.
ITALY - Apollo Management buys Jacuzzi for $ 1.25bn
According to press reports, US firm Apollo Management has agreed to buy Jacuzzi, the manufacturer of baths, showers and hot tubs in a take-private valued at $1.25bn, including $257m in debt.
UK - Inflexion backs £24m buyout of Parasol Ltd
Inflexion Prviate Equity has led the £24m management buyout of Warrington-based Parasol Ltd, an employment services company. Inflexion-managed funds have invested £9.4m for a majority equity position. HSBC provided a £12m debt package.
FRANCE - Weinberg Capital Partners invests in listed CRM company
Weinberg Capital Partners (WCP) has announced it will make a EUR 22.5m equity investment in Teamp Partners Group (TPG), in view of constituting the leading French client-oriented business process outsourcing company.
SPAIN - Warburg Pincus acquires stake in Pinar
Real estate group Pinar has sold 18% of its shares to Warburg Pincus for an undisclosed sum. After the transaction, the company's founding family will hold 55% of the company, while other shareholders Caja de Avila and Caja de Segovia will hold a 10%...
FRANCE - Fraikin sale underway
According to reports in the French press, the auction process for the sale of truck rental company Fraikin has attracted bids from Cinven, CVC, Terra Firma. The bids reportedly value the business at around EUR 1.5bn.
FRANCE - Acto leads two mid-cap buyouts
Acto has taken a 55% stake in French family tourism pioneer VVF Vacances with a EUR 41m equity investment. CDC took a 40% equity holding, while management retained 5%. Finama's private equity arm also made a commitment to corporate services residence...
FRANCE - EdRIP and Naxicap take minority stake in Transimmeubles
Edmond de Rothschild Investment Partners and Naxicap Partners have taken a minority stake in real estate management, renovation and promotion business Transimmeubles. Following this deal, the company's founder Laurent Dumas retains over two thirds of...
FRANCE - PagesJaunes deal closes
KKR and Goldman Sachs Capital Partners have announced the completion of their acquisition of France Telecom's 54% shareholding in directory business Pages Jaunes. With a unitary share price of EUR 22, the total value of the acquired interest amounts to...
UK - Langholm Capital acquires plus-size retailer Elvi
Langholm Capital has acquired Elvi, the UK's largest independent plus-size women's fashion retailer. Langholm is backing Oliver Spark, the former managing director of the White Company, as an incoming chief executive.
GERMANY / FRANCE - Quadriga acquires Coventya from Natexis
In a secondary transaction Quadriga Capital has acquired Coventya from Natexis Industrie. The deal is valued at more than EUR 100m, according to press reports.
FRANCE - Texas Pacific Group and AXA Private Equity buy 60% stake in TDF
Telecom broadcaster TDF has confirmed that an agreement has been signed for the acquisition by Texas Pacific Group and AXA private Equity of 42% and 18% of its equity, respectively.
UK - DLJ Merchant Banking Partners and Morgan Crucible talks fall through
Talks between the private equity arm of Credit Suisse DLJ Merchant Banking Partners and 150 year old engineering firm Morgan Crucible about a delisting of the company have faltered.
UK - Credit Suisse Infrastructure Fund involved in bid for City Airport
It is expected that a consortium led by US insurer AIG and involving GE Capital and Credit Suisse's infrastructure fund has won the auction for City Airport. The deal is thought to value the airport which was acquired by Irish billionaire Dermot Desmond...