Buyouts
FRANCE - ABN Amro Capital backs tertiary LBO of Outinord
ABN Amro Capital has acquired a majority stake in steel formworks solutions provider Outinord from Siparex and Spef Venture, for an undisclosed sum.
UK - Photo-Me likely to be private equity target
The Surrey-based photobooth maker, Photo-Me, has confirmed that it has hired JPMorgan Cazenove as a financial adviser according to the Times. The shareprice of the group has suffered in recent months, closing on Friday at 86p compared to 132p last November,...
UK - Regent Inns to stay independent
According to today's Times, rumoured talks between Alchemy Partners and Regent Inns, the operator of the Walkabout and Jongleurs chains, have fallen through.
ITALY - Barclays Private Equity Acquires ULKA Costruzioni Elettromeccaniche SpA
Barclays Private Equity has acquired ULKA Costruzioni Elettromeccaniche SpA, a manufacturer of solenoid pumps for coffee machines, from entrepreneur Giampiero Rossi for an undisclosed sum.
UK - Secondary buyout of Azzurri Communications
3i announces today that it has sold its 75% stake in Azzurri Communications, the leading UK converged voice and date communications company, to a secondary buyout vehicle backed by Prudential Ventures (PPM) in a deal valuing the company at £182.5m. 3i’s...
DENMARK - Matas shareholders to accept CVC offer
The majority of the Matas shareholders have agreed to sell the business to CVC Capital Partners for DKK 5.2bn. During a shareholder meeting, more than 2/3 of the shareholders agreed that the board of directors should continue the sales process with CVC.
UK - August Equity backs MBO of Rixonway Kitchens
August Equity has announced that it has supported the management buyout of Rixonway Kitchens Ltd via the newco Rollfold Group Ltd for an undisclosed sum. This is the eighth investment from August Equity Partners IV.
FRANCE - Weinberg Capital Partners makes its first investment
Weinberg Capital Partners (WCP) has announced an agreement to acquire 70% of Pharmaceutical company Pharma Omnium International.
ITALY - Bridgepoint acquires Italian perfumery group Limoni
Perfumery chain Limoni, the Italian market leader with a network of 400 stores and a consolidated turnover of € 304 million (13.6% up on 2004), has been acquired by Bridgepoint through a management buy-out involving its founder Piofrancesco Borghetti....
FRANCE - Bridgepoint acquires French publisher from Sagard
Bridgepoint has taken a majority stake in Groupe Moniteur in a secondary LBO. French buyout house Sagard is exiting the investment it made in 2004.
FRANCE - Edmond de Rothschild Investment Partners backs Alturia's owner buyout
Edmond de Rothschild Investment Partners and Socadif have taken minority stakes to back Henry Robet's buyout of Groupe Alturia.
ITALY - MCC Sofipa acquires majority stake in Cobra
MCC Sofipa SGR SPA, the private equity arm of Gruppo Capitalia, has acquired a majority stake in Cobra Spa via the funds Sofipa Equity Fund and Sofipa Equity Fund II. The funds have together invested approximately EUR 17.5m for a 70% shareholding, while...
UK - Telent to be taken private by Fortress Investment
Telent has been offered 529.5p per share by the US private equity firm Fortress Investment according to a report in today's Times. The deal will value Telent, the only part of former industrial giant Marconi that remains independent, at £346m. Ericsson...
UK - Caledonia backs management buyout of Celerant Consulting
The management of Celerant Consulting, the global operations management consultancy based in Richmond, UK announced that they have agreed with Novell Inc, to acquire Novell’s majority shareholding for a total of approximately $77m. As a result of the...
UK - 3i set to re-enter baby product market with offer for Mayborn
3i has announced that it has made a recommended offer to Mayborn Group Plc, the manufacturer and distributor of Tommee Tippee baby and Dylon fabric dye brands. The offer values the business, which has a turnover of over £80m and is currently listed on...
FRANCE - 21 Centrale Partners buys industrial lighting specialist
French financial investor 21 Centrale Partners has backed the leveraged buyout of Auteroche-ABL, for an undisclosed amount.
FRANCE - Bruno Ziegler acquires FMA with two French GP's back-up
Swiss businessman Bruno Ziegler has backed the MBI of IT maintenance company FMA, alongside regional private equity houses Centre Capital Developpement (CCD) and Euro Capital.
FRANCE - Prado Finance makes two acquisitions in aeronautics
Belgian private equity house Prado Finance has acquired medium-range airline Axis Airways and private jet maintenance company Uni Air Entreprise.
SWEDEN - Palamon Capital Partners acquires Espresso House and Coffe Cup
Palamon Capital Partners has acquired a 94% stake in Espresso House Sweden AB and 100% of the shares in Coffee Cup AB for a total of SEK 103m.
FRANCE - Investcorp acquires office supplies giant Orefi
Investcorp has backed the buyout of Orefi, for an undisclosed sum.
UK - LDC backs buyout of PayStream
LDC has backed the MBO of PayStream, for an undisclosed sum. LCD has acquired a significant majority of shares in the accounting and payroll service provider.
UK - US-based Saints Capital buys technology portfolio for cash
The sale of the entire portfolio of unquoted investments and certain restricted quoted investments of Amerindo Internet Fund Plc (AIF) and Emerging Technology Portfolio (ETP) have been sold to funds managed by Saints Capital and Willowridge Inc for cash....
BELGIUM - Carlyle acquires 80% of Transics NV
The Carlyle Group has announced that it has acquired an 80% stake in Transics NV, together with the founders and co-chief executive officers, Walter Mastelinck and Ludwig Lemenu. The transaction signifies the third investment from its European technology...
GERMANY - VTC acquires Soudronic Automotive
Munich based investor VTC Industrieholding GmbH has announced the acquisition of the shares of Soudronic Automotive AG from Capvis and Gilde. Soudronic Automotive is based in Neftenbach, Switzerland and makes annual sales of approximately CHF 60m. It...