Deals
EUROPE - Balderton Capital invests in TvTrip.com
Balderton Capital has invested EUR 3.5m in TVtrip.com alongside Partech International. Balderton Capital was formerly known as Benchmark Capital Europe.
SWITZERLAND - Madison Private Equity exits SimilorGroup
Madison Private Equity has sold Swiss sanitary faucets manufacturer SimilorGroup to the Spanish Roca Group. The transaction value has not been disclosed. Since 2002, Madison Private Equity had gradually increased its ownership in Similor from the founding...
UK - Octopus acquires stake in T4 Media
Octopus Private Equity has invested in T4 Media Ltd. Octopus has come in as a partner to finance growth and to assist with the strategic development of the business. It is anticipated that further bolt on acquisitions will be made in due course.
AUSTRIA - EK Fin invests in Vienna Acoustics
EK Mittelstandsfinanzierungs AG (EK Fin) together with Eucoma Consumer Goods GmbH has backed the owner buyout of speaker manufacturer Vienna Acoustics. Previous company owner Renate Köberl remains invested in the company.
UK - NBGI floats Superglass generating 10.7x returns
NBGI Private Equity has recouped 10.7x its investment through the IPO of Superglass on the London Stock Exchange. The listing enables NBGI to divest its 50.9% stake generating an IRR of 244% on its two year involvement with the glass wool insulation manufacturer....
UK - Hotbed, YFM and Albany in £3.49m fundraising for Mtivity
Hotbed, YFM Group and Albany Ventures are together investing ТЃ3.49m in software company Mtivity. Hotbed provided ТЃ1.55m of the total funding package. The investment was introduced to Hotbed by Albany, a specialist early-stage technology investor.
GERMANY - UTT Group changes hands
DZ Equity Partner has backed the management buyout of German textile manufacturer UTT Technische Textilien Group from BPE Private Equity. The transaction value has not been disclosed. The UTT management team reinvested and now holds a 51% stake in the...
UK - August acquires specialist healthcare provider
August Equity has supported the management buyout of Lifeways Community Care Ltd. Lifeways is a market leading provider of supported living for people with complex needs, offering nationwide coverage. HSBC provided debt to support the deal. Previously,...
AUSTRIA - Capital Management Partners exit Unterland
Capital Management Partners, a turnaround specialist, has sold Unterland Flexible Packaging AG to Mondi Plc. The value of the transaction is said to be EUR 76m.
GERMANY - Hörmannshofer changes hands
BayernLB has acquired German insulation specialist Hörmannshofer from AXA Private Equity. The transaction value has not been disclosed. Management also invested and hold a minority stake. In 2002, AXA Private Equity and management acquired Hörmnannshofer...
FINLAND - Bridgepoint portfolio company makes Belgium acquisition
Bridgepoint-owned A-Katsastus Oy, the Finnish vehicle inspection group, has acquired Belgium’s vehicle inspection company Autoveiligheid NV for an undisclosed sum. The company had net sales of nearly EUR 30m last year and carried out over 800,000 inspections....
UK - MSIF backs Mersey glass firm in £4m deal
A new company set up and funded by Merseyside Special Investment Fund (MSIF) has acquired Lattimer Group, a glass firm, from Hamspon Industries Plc, the international aerospace and precision engineering group. Lattimer Holdings Ltd, whose head office...
SWEDEN - Litorina Kapital makes 4x on exit from SWE-DISH
Litorina Kapital has sold SWE-DISH Satellite Systems AB to Datapath Inc for $56m in cash. The deal has generated returns of 4x Litorina's investment. SWE-DISH is a supplier of mobile satellite communications equipment and related services for broadband...
UK - NBGI reaps 6x return on outdoor clothing exit
NBGI Private Equity has reaped 6x its investment on the sale of outdoor clothing retailer Mountain Warehouse. Mountain Warehouse has been acquired by its management team in a ТЃ15m tertiary buyout deal with backing from Kcaj, the investment company of...
UK - Rutland acquires Attends from 3i for EUR 93.5m
Rutland Partners has acquired Attends Healthcare Holdings Ltd from 3i for EUR 93.5m. Attends is the trading name of the European operations formerly known as PaperPak which 3i acquired in a EUR 95m deal in 2002. Rutland has invested approximately ТЃ21.5...
MALTA - GMT acquires Melita Cable Plc
GMT Communications Partners (GMT) has acquired Melita Cable Plc, the leading provider of television, broadband and telephony services in Malta, from Nasdaq-listed Liberty Global and the Gasan Group of Companies. GMT is focused exclusively on the communications...
GERMANY - Industi Kapital sells DSI to CVC
Industri Kapital has sold DYWIDAG- Systems International (DSI) to CVC Capital Partners for an undisclosed sum. Industri Kapital acquired DSI in 2005 from the insolvent Walter Bau AG and subsequently pursued a buy-and-build strategy.
FRANCE - Air Liquide rumours continue
KKR is said to be interested in acquiring industrial gas giant Air Liquide, potentially a EUR 27bn deal.
UK - ISIS environmental portfolio company completes £2m acquisition
ISIS Equity Partners portfolio company SLR Consulting has completed its first major acquisition with the purchase of Insite Environments. SLR Consulting is an environmental consultancy in which ISIS acquired a minority stake in 2004, investing ТЃ4.85m...
GERMANY - Nanotron closes EUR 10m round
zouk ventures, a London venture capitalist specialising in cleantech, has led a EUR 10m funding round in German Nanotron Technologies. Other investors committing to the round are Polytechnos, Danfoss, and IBB Beteiligungsgesellschaft - VC Fonds Berlin....
UK - NVM invests £7m in building consultants buyout
NVM Private Equity (NVM) has invested ТЃ7m in the management buyout of building services consultants Foreman Roberts.
GERMANY - Eschenbach Optik changes hands
Barclays Private Equity has acquired German supplier of spectacle frames form HANNOVER Finanz and the Eschenbach family. The transaction value has not been disclosed, but Barclays Private Equity will hold a 70% stake in the company with management acquiring...
FRANCE - EdRIP invests EUR 9m in CEME secondary buyout
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 9m in equity and convertible bonds in the secondary buyout of electrical engineering and air conditioning specialist CEME.
SPAIN - Cinven in $675m deal for USP Hospitales
Cinven has acquired USP Hospitales, an independent healthcare operator, from Mercapital for $675m. USP operates 33 facilities, including 13 hospitals and 16 outpatient centres across Spain. USP is expected to generate revenues of $280.7m and EBITDA...