Buyouts
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 £45m 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...
UK - LGV backs Integrated Dental Holdings
Legal & General Ventures (LGV) has acquired a significant shareholding in Integrated Dental Holdings, the UK’s largest owner of dental practices, for an undisclosed amount.
GERMANY - EQT buys Kabel Baden-Württemberg
EQT has signed an agreement with funds advised by Blackstone and CDPQ to acquire 100 % of Kabel Baden-Württemberg GmbH & Co (Kabel BW). EQT intends to continue supporting Kabel BW’s expansion and move into triple play.
SPAIN - Nmás1 invests in vending machine operator
Dinamia Capital Privado and Nmás1 Private Equity Fund have acquired 100% of Servicio de Venta Automática S.A. (Serventa) in a deal valued at around EUR 30m. The company was purchased from Urex Inversions S.A., which forms part of Altadis. The transaction...
SWEDEN - FSN Capital acquires Aura Group from Bridgepoint
Aura, the Swedish long life lighting manufacturer, has been sold by Bridgepoint to FSN Capital Partners AS. The value of the deal has not been disclosed.
UK - Bank of Scotland Integrated Finance backs Interface UK
The West Yorkshire-based international contract textile operations of Interface Fabrics has announced that it is to leave US parent Interface, Inc. in a management buyout backed by Bank of Scotland Corporate. The £16m deal, effective from 22 April, will...
UK - BC Partners and Apax involved in £2.2bn healthcare deal
Network Healthcare Holdings (Netcare) has announced its acquisition of a controlling interest in leading UK private hospital group, General Healthcare Group Limited (HG), from BC Partners. Netcare is supported by a consortium of investors including Apax...
FRANCE - Activa Capital backs MBO of Créal
Activa Capital Fund FCPR has purchased a majority stake in Créal, a leading French manufacturer of aluminium windows from its founder, Claude Caprini, and Siparex SPF III Middle Market, a fund managed by Sigefi Private Equity. Founded in 1992 by Claude...
SPAIN - Buy and build continues with acquisition of Foprar
Qualitas Equity Partners and Lombard Odier Darier Hentsch & Cie Private Equity (LODH) have together acquired 100% of Foprar, a manufacturer of tubes and frames for civil works projects. This follows the acquisition in March of 100% of Pronave Yecla SL,...
AUSTRIA - The Carlyle Group acquires UC4 Software
Financial investors PONTIS Venture Partners and Capexit have exited their joint 21% stake in UC4 Software GmbH. The electronic job scheduling specialist was sold to The Carlyle Group in a joint replacement capital and MBO transaction. The founding manager,...
GERMANY - Auctus Management acquires PharmaZell GmbH
Auctus Management has acquired Raubling-based PharmaZell GmbH from the Lubrizol Group.