Deals
SWITZERLAND – 5àSec in tertiary buyout
ING Parcom Private Equity has acquired the dry cleaning service provider 5àSec from Milestone Capital. The transaction value has not been disclosed. In 2001, Milestone Capital (formerly EAC) acquired the company from Spef and BNP Développement.
UK - Sainsbury deal faces opposition from Tchenguiz
Delta Two is facing additional opposition to its 600p per share bid for UK supermarket chain J Sainsbury. The well-documented resistance to the bid from the Sainsbury family, has been boosted by news that property entrepeneur Robert Tchenguiz also believes...
UK - RJD acquires Teaching Personnel from BPE for £24m
RJD Partners has led the ТЃ24m secondary management buyout of specialist teacher recruitment business Teaching Personnel. The deal represents an exit for Barclays Private Equity. RJD's investment was supported by management reinvestment and ТЃ14m of banking...
FRANCE - Osiris secures first industrial deal
Osiris Partners has backed the spin-off of Produits Plastiques Performants (3P) from listed-plastics company Plastic Omnium. The deal is Osiris' second transaction.
UK - Bridges Ventures invests £2.3m in keyworker housing
Bridges Ventures has invested ТЃ2.3m to fund the purchase of three blocks of studio apartments to provide key worker housing. The buildings acquired by a newco established by Bridges will provide accommodation for hospital staff employed by Plymouth Hospitals...
UK - Tense days for Terra Firma's EMI bid
Terra Firma faces a few tense days before Sunday's cut off point for EMI shareholders to accept its ТЃ2.4bn agreed offer for the London-listed music publisher. Terra Firma needs to secure 90% of acceptances by Sunday. The figure is currently understood...
UK - Bank of Scotland makes £320m indicative offer for Erinaceous
Bank of Scotland has made an indicative offer for property services business Erinaceous Group Plc. The 300p per share offer values the London-listed company at approximately ТЃ320m. Bank of Scotland is carrying out due diligence ahead of a formal offer.It...
SPAIN - Carlyle acquires Applus for EUR 1.5bn
After fending off competition from BC Partners and Eurazeo, The Carlyle Group has agreed the acquisition of Applus from its shareholders Agbar, Unión Fenosa and Caja Madrid for an enterprise value of EUR 1.48bn. With headquarters in Barcelona, the company...
GERMANY – BayBG invests in Proteros Biostructures
BayBG Bayerische Beteiligungsgesellschaft mbH has participated in a EUR 4.2m second round of financing for protein analysis specialist Proteros Biostructures GmbH. BayBG invested EUR 1m as a ‘stille Beteiligung’.
GERMANY – Barclays PE acquires Siteco from JP Morgan Partners
Barclays Private Equity has acquired German lighting fixtures group Siteco from JP Morgan Partners. The transaction value has not been disclosed. JPMorgan Partners acquired Siteco in October 2002. Under its stewardship, Siteco underwent a substantial...
FRANCE - Eurazeo wins exclusivity for EUR 2.3bn tertiary buyout of Elis
Eurazeo has won a period of exclusivity for the acquisition of textile rental business Elis from PAI partners, in a deal which values the business at approximately EUR 2.3bn.
UK - JC Flowers expected to swoop on Friends Prov and Resolution merger
Private equity is expected to swoop on the ТЃ8bn tie-up between UK insurers Friends Provident and Resolution. JC Flowers, the US private equity group, has been named in association with a break-up bid. It has looked at a potential takeover of Friends...
DENMARK - EQT sells Contex to Ratos for $240m
EQT has agreed to sell Contex Holding , a developer, manufacturer and supplier of innovative 2D and 3D digital image solutions, to Ratos for $250m.
SPAIN - Carlyle, BC Partners and Eurazeo chase Applus+ deal
Carlyle, BC Partners and French buyout house Eurazeo are reported to have all made bids for vehicle inspection group Applus+.
SPAIN - MCH beats Magnum on competition for Eptisa
Engineering business Eptisa has received a bid of EUR 90m from MCH Private Equity, according to press reports.
UK - ECI-backed wireless networks company makes £24m acquisition
ECI Partners portfolio company Aerial Facilities (AFL) has acquired its Swedish-based competitor, Avitec AB for up to ТЃ24m. Avitec was formerly owned by CapMan, 3i and a number of private investors. AFL designs, manufactures and installs specialist products...
FRANCE - De Agostini buys Marathon from Bridgepoint
Bridgepoint and the management of TV producer Marathon have sold their entire stake in the company to Italian group De Agostini.
UK - 3i acquires financial adviser Bestinvest
3i has acquired independent investment managers and financial adviser Bestinvest. The terms of the acquisition are not disclosed. The deal enables the founder of Bestinvest to realise some value from the company which he established in 1986. Financial...
FRANCE - Dailymotion raises extra EUR 20m
Video sharing website Dailymotion has received EUR 20m in a second round of funding, according to French press reports.
UK - YFM Group Backs £21m buyout of The RMS Group
YFM Group has completed its biggest single deal with ТЃ5.5m of funding to support the ТЃ21m buyout of shipping and logistics specialist RMS Group. YFM has invested from several of its managed funds: the Chandos Fund, Partnership Investment Finance, and...
UK - 3i invests in listed Venture Production
3i, alongside ArcLight Capital Partners, has invested in oil and gas firm Venture Production. The total investment of over ТЃ200m consists of newly issued convertible unsecured bonds, the conversion of one of ArcLight's existing joint investments with...
UK - Accel, Advent and Atlas back Ubiquisys with $25m series-B funding
Accel Partners, Atlas Venture and Advent Venture Partners have been joined by Google on a $25m series-B funding round for Ubiquisys Ltd. Ubiquisys is a pioneer of intelligent 3G femtocell access points for the residential market. The Ubiquisys ZoneGate...
GERMANY – HgCapital acquires SLV Group
HgCapital has acquired German lighting producer SLV Group from its founders. The transaction is executed on the basis of an enterprise value of EUR 320m and still requires the approval of the German Federal Cartel Office.
SPAIN - BuyVIP receives second round of funding from 3i
A 3i-led consortium has invested EUR 7m in a second round of funding for e-commerce community BuyVIP. 3i invested EUR 5.75m, with Active Capital Partners and several business angels providing the balance.