Deals
NETHERLANDS - Englefield Capital acquires Mirror Control International
Englefield Capital has acquired Mirror Control International (MCI), the mirror control division of Eaton Automotive. Landsbanki provided Englefield Capital with a financing package worth $122m.
UK - NBGI completes £20m food service buyout
NBGI Private Equity has completed the ТЃ20m management buyout of Peter's Food Service Ltd, a manufacturer and food service distributor of chilled savoury pastry products, from its private vendors. The deal represents the group's first from its second...
SWITZERLAND - 3i floats u-blox on Swiss Stock Exchange
3i has floated portfolio company u-blox at an issue price of CHF 51 on the Swiss Stock Exchange. The total value of the offering was approximately CHF135.6m. Based on the issue price u-blox has a market capitalisation of approximately CHF 318.4m.
FRANCE - Iris Capital makes 3.3x from sale of FastBooking to 3i and EdRIP
Iris Capital has made more than 3x its money following its exit from hotel bookings website FastBooking, in a deal valuing the business at EUR 45m.
FRANCE - OFI Private Equity Capital creates Transatlantic industrial sealing business
After backing the secondary buyout of Houston-headquartered Flexitallic from US private equity firm Cravey Green and Whalen, OFI Pivate Equity Capital (OFI PEC), intends to merge the entity with its French protfolio company Siem Supramite.
UK - DFJ portfolio company secures $40m funding round
DFJ Espirit portfolio company diagnostics company Oxford Immunotec has completed the first stage of $40m series-E funding round.
ITALY - Cavalli considers private equity alliance
Roberto Cavalli is said to be considering the possibility of a partnership with a private equity firm.
UK - Bridges boosts Credential with £6m investment
Bridges Ventures has committed ТЃ6m to support the growth of tyre reprocessing company Credential Environmental Ltd. Bridges has taken a minority stake in the company. The transaction includes an initial ТЃ4m investment, with a further ТЃ2m allocated...
UK - LK Bennett next private equity target
Luxury fashion chain LK Bennett is the next retailer likely to be acquired by private equity. The 74-store strong business is wholly owned by its founder and is expected to have a price tag of approximately ТЃ150m. Rothschild has been retained to facilitate...
UK - TA Associates backs SBO of M and M from ECI
TA Associates has backed the secondary management buyout of sports mail order company M and M Direct Ltd from ECI Partners. ECI backed the buyout of M and M in 2004 since when sales have grown at 18% per annum to ТЃ80m and profits at 28% per annum. Terms...
UK - Nova completes £75m acquisition of international laboratory group
Nova Capital Management has completed the ТЃ75m acquisition of international laboratory group Barloworld Scientific Laboratory Group (BSLG) from Barloworld Ltd, a South African-listed industrial company.
ITALY - Finlombarda invests EUR 1m in biotech business
Finlombarda Gestioni has invested EUR 1m in TOP srl, a spinout of the University of Milan.
CEE - KBC Private Equity acquires Polish scooter distributor ZIPP
KBC Private Equity has acquired ZIPP, a Polish scooter distributor, from Kross, a bicycle producer. The financial details of the transaction were not disclosed. The acquisition represented KBC's first transaction in Poland.
FRANCE - Initiative & Finance acquires 35% of Challenger
Initiative & Finance has backed the management buyout of Challenger, a company specialising in mentally stimulating toys for young children.
SPAIN - Espiga Capital buys minority stake in marketing business
Spanish mid-market house Espiga Capital has acquired a 33% stake in marketing business Grupo Pool, according to local press reports.
UK - Barclays Ventures backs BIMBO of Howorth Airtech
Barclays Ventures has backed the buy-in management buyout (BIMBO) of Howorth Airtech Ltd. Based in Bolton and employing nearly 100 people, Howorth provides ultra clean air solutions for the medical and pharmaceutical markets in the UK and overseas. The...
UK - ISIS generates 69.5% IRR from £15.7m Bolden sale
ISIS Equity Partners (ISIS) has wholly exited its stake in communications software provider Bolden James Holdings Ltd in a sale to QinetiQ Group Plc for a cash consideration of ТЃ15.7m, generating an IRR of 69.5% and a 3.11x return on its investment....
FRANCE - IPO completes three deals
Nantes-based listed investment vehicle IPO has completed two buyouts and one expansion deal.
FRANCE - Astorg acquires 52% of SCT Télécom
Astorg Partners has backed the buyout of telecommunication services company SCT Télécom.
FRANCE - Wendel recoups EUR 1bn+ from Bureau Veritas IPO
Wendel has recouped over EUR 1bn from the listing of inspection and certification business Bureau Veritas. The investor has sold down approximately one third of its shares in the company through the IPO, generating an IRR of 46% on its partial realisation....
UK - 3i and Oak Hill-backed Telecity to float
3i and Oak Hill Investors are listing data centre operator Telecity Group on the main market of the London Stock Exchange. The IPO is pricing Telecity shares at 220p each, representing a market capitalisation of ТЃ436m. The flotation of Telecity follows...
UK - 3i leads $26m funding round in CamSemi
3i has led a $26m investment in fabless semiconductor company CamSemi.
UK - Phoenix takes stake in organic food delivery business
Phoenix Equity Partners has taken a minority stake in Abel & Cole, an organic food delivery business, in a deal thought to value the company at ТЃ35m.
UK - London Seed Capital leads £600,000 investment in cancer innovators
London Seed Capital has led a ТЃ600,000 round of funding into Michelson Diagnostics Ltd, a manufacturer and developer of optical medical imaging equipment specifically designed for use during cancer operations.