Buyouts
NORWAY - HgCapital announces intention to take Visma private
Engel Holding AS, owned by funds managed by HgCapital, has decided to make a recommended public voluntary cash offer for all outstanding shares in Norwegian Visma ASA. The offer price, which is NOK 135 per share, values Visma at NOK 4.32bn.
GERMANY - MatlinPatterson to take over Heros
MatlinPatterson has agreed the takeover of insolvent currency transport service Heros with its creditors.
FRANCE – Perfectis backs security group BIMBO
Perfectis Private Equity has backed the BIMBO of SEPTAM to acquire a majority stake in the newco Vesta Capital. The investment marks the private equity house’s third investment through its FCPR Perfectis II. The balance is held by incoming CEO Eric...
NETHERLANDS - Rabo Participaties to acquire Luzac College
USG People NV, a provider of employment services in Europe, has announced that it expects to sell Luzac Holding NV, a parent company of among others Luzac College and InterCollege, to Rabo Participaties and management.
FRANCE - Colony and Butler buy Paris St Germain from Canal+
Colony Capital and Butler Capital Partners (BCP) have purchased the football club Paris St Germain (PSG) from Canal+ for EUR 41m. Colony has invested via Colyzeo, which formed in partnership with cornerstone investor Eurazeo. The private equity houses...
FRANCE - Finatem acquires Mecanindus-Vogelsang Group
Finatem has acquired 75% of Mecanindus-Vogelsang group. The remaining 25% interest has been acquired by the management and the former owners. IKB provided senior debt to finance the transaction via its Frankfurt and Paris offices.
NORWAY - Ferd Private Equity Fund acquires D&F Group
FPEF has acquired the oil service company D&F Group from the founders and management of the company. The company is a leading supplier of services to the oil and gas industry on the Norwegian continental shelf within the areas of surface treatment, passive...
UK - LDC backs buyout of National Accident Helpline
LDC has backed the management buyout of National Accident Helpline (NAH) – the UK’s biggest personal injury claims management company.
UK - Duke Street invests £100m in Food to Go
Duke Street Capital has acquired Food Partners, a leading supplier of pre-packed sandwiches to food service operators in the UK.
FRANCE - Sagard acquires laundry group from Astorg
Sagard has backed the secondary buyout of Régie Linge Développement (RLD) from Astorg Partners. The private equity house has gained an 80% shareholding in France’s third largest professional linen hire, while the management team holds the balance....
GERMANY - DZ Equity Partner acquires aluminium and titanium specialist
DZ Equity Partner GmbH, together with company management, has acquired 100% of TITAL Titan-Aluminium-Feinguss GmbH. The value of the transaction, which was agreed on 1 April, is undisclosed. The vendors, a group of private investors, were advised by Hübner,...
SPAIN - 3i acquires Gamesa Group
3i has acquired a 100% stake in Gamesa Energía y Servicios SA and Siemsa Este SA (GES). Both are divisions of Corporación Tecnológica Gamesa. The company specialises in the construction and maintenance of wind farms and has a diversified petrochemical...
ITALY - Investindustrial acquires 65% of Stroili Oro
Investindustrial has led the acquisition of 65% of Stroili Oro, Italy’s leading jewellery retail chain. L-Capital (LVMH Group) and Ergon Capital, former shareholders of Stroili Oro, will retain a 35% shareholding. Following the acquisition, a minority...
SWEDEN - Carlyle and Providence to acquire Swedish cable operation
Liberty Global has announced that it has reached an agreement to sell 100% of its Swedish cable business, UPC Sverige AB to a consortium comprising The Carlyle Group (“Carlyle”) and Providence Equity Partners.
UK - Hg completes acquisition of Paragon Healthcare Group
HgCapital has acquired Paragon Healthcare Group from Duke Street Capital in a £322m buyout.
FRANCE - Alpha’s fifth fund acquires Mecatherm
Alpha Private Equity Fund 5 has announced its first investment since it closed on EUR 750m in February 2006. The fund has acquired Mecatherm from Astorg Partners, 21 Centrale Partners and Cogepa, alongside its management team. APEF 5 will hold a majority...
UK - Matrix backs MBO of VSI Ltd
VSI Ltd, a group specialising in developing and marketing 3D software, has been sold by its founder shareholders to the management team in a £6m MBO. Matrix Private Equity Partners invested £1.9m with the remaining funds comprising cash and roll-over...
SWEDEN - CapMan invests in Swedish fashion retail chain MQ
CapMan funds will acquire the majority holding in Swedish fashion retail chain MQ.
UK - Hermes acquires Mayfair Gaming
Hermes Private Equity has acquired Mayfair Gaming, a bingo operator with eight clubs across the UK, from Risk Capital Partners.
SWEDEN - FSN Capital buys Alignment Systems
FSN Capital has agreed to buy Alignment Systems AB from 3i Group Plc and funds advised by Euroventures Management AB, including AP6.
PORTUGAL - Explorer Investments and MCH acquire Nutricafés
According to reports in the Spanish press, the Portuguese private equity firm Explorer Investments and the Spanish group MCH Private Equity have acquired 100% of Nutricafés. The group was purchased from Caixa Geral de Depósitos and Sumolis, which bought...
UK - Montagu Private Equity acquires Misys General Insurance for £182m
Montagu Private Equity has signed an agreement to acquire Misys General Insurance for £182m. MGI is a wholly-owned subsidiary of Misys Plc, a global business providing specialised software applications to the healthcare and banking industries. Final...
UK - HgCapital to acquire First Technology Safety & Analysis
HgCapital has entered into agreement with Honeywell to acquire First Technology Safety & Analysis. The deal will value the market leader in crash test dummies and associated services at £50m.
UK - Bank of Scotland backs £119.5m acquisition of Adare Group
Adare Group, a leading UK print management, mailing and packaging solutions company, has announced that a team of seven current directors, led by Robert Whiteside, has acquired the business with the backing of Bank of Scotland Corporate.