Buyouts
Crest Capital acquires Penta Group
GP deploys capital from its Crest I Fund, which held a final close in October 2018 on €100m
LBO France buys Moustache Bikes in €150m deal
Initiative & Finance sells its 55% stake acquired in 2015 and reaps 10x money
Apax sells Exact Software to KKR
KKR makes the investment through its long-term capital programme, Core Investments
Pollen Street increases offer for Prime Car Management
Firm initially offered PLN 20 per share on 20 February, but has increased this to PLN 23.25
Waterland to sell Verbraeken to Andera – report
Sale values the business at more than €100m, according to Belgian publication De Tijd
First Reserve to buy Flow Control from Weir for £275m
Deal values the carve-out from the listed Scottish mechanical engineering firm at ТЃ275m
Adelis buys Ropo Capital from Sentica
Ropoтs management team remain in their positions in the business and will retain a stake
Triton and ADIA carve out IFCO in $2.51bn deal
Triton and Abu Dhabi sovereign wealth fund buy IFCO plastic containers business from Brambles
Cairngorm buys Sentry Doors
Deal marks Cairngorm's 18th transaction since July 2016 and its entry into the fire protection sector
KKR buys TMG
GP is bringing in media entrepreneur Fred Kogel as CEO while Herbert Kloiber joins the advisory board
Capvis sells Rena to Equistone
Management team led by CEO Peter Schneidewind will become shareholders alongside Equistone
IK buys majority stake in Eres
IK Investment buys France-based Eres in a €230-240m deal via the €1.85bn IK VIII vehicle
Ardian acquires Study Group from Providence Equity Partners
Providence Equity Partners bought Study Group in a secondary buyout worth $570m in 2010
Standout Capital backs VisBook
GP invests via its Standout Capital I fund, which held a final close on SEK 1bn in August 2017
Halder makes first investment from new fund
Halder VI held a final close in January, but no further details were released by the firm
Auctus sells Valantic to DPE
Founding shareholders and management, led by Holder von Daniels, retain a stake of approximately 25%
Bridgepoint buys minority stake in Bee2link
GP uses £600m Bridgepoint Development Capital III fund to invest in France-based Bee2link
LDC backs £110m buyout of Evolution Funding
GP acquires a minority stake in the carve-out of the online B2B car finance broker
Essling invests €16m in Evolucare Group
GP invests in the software company via Essling Expansion, a fund that recently held a first close
Riverside backs E&A Scheer MBO
GP buys Rum blending specialist E&A Scheer while Blackrock and Rabobank provide financing
Alto Partners acquires Bia
Third investment made by Alto Capital IV, which held a €210m final close in 2018
Acon Investments backs Germaine de Capuccini
GPs plan to boost the company’s product innovation and expand its growth organically and via add-ons
OpenGate carves out SMAC from Colas
US-based OpenGate also carved out the silicon carbide division of Saint-Gobain last month
Causeway Capital buys Patisserie Valerie out of administration
Patisserie Holdings plc sold Patisserie Valerie and a smaller subsidiary for a combined ТЃ13m