Deals
Ready for restructure?
An economic slowdown and tightened liquidity are putting strain on portfolio companies. Private equity houses will need to initiate effective restructuring or see turnaround players and activist investors swoop for distressed assets, writes Nathan Williams
FRANCE - Oddo AM makes three investments
Oddo Asset Management has made three early-stage investments in eco-innovation companies.
SPAIN – Caixa Catalunya & Polan invest in Innoliva
Caixa Catalunya, (through Invercartera) and Polan, the family office of the Del Pino family, have invested in olive oil producer Innoliva.
GERMANY - ARQUES acquires Carl Froh
ARQUES Industries AG has wholly acquired Carl Froh GmbH, a manufacturer of precising metal pipes, for an undisclosed amount. The company was sold by Finnish Rautaruukki Corporation, based in Helsinki.
ITALY – MPS Venture exits from facility management firm
MPS Venture has announced the sale of its 25 percent stake in facility management firm Manutencoop to Manutencoop Società Cooperativa.
UK - Warburg Pincus acquires Safetykleen for £565m
Warburg Pincus has acquired Safetykleen Europe, a pan-European industrial service provider, a deal worth £565m. The investor has acquired a majority stake.
GERMANY - EQT Partners sells remaining stake in Togum
EQT Partners has sold its remaining 22.3 percent stake Tognum AG to strategic investor Daimler AG.
MALTA – Denham Capital Management invests in renewable player
Denham Capital Management has invested USD 200m in SunRay Renewable Energy to develop a portfolio of European solar energy projects.
IRELAND - DFJ backs Irish Broadband acquisition
DFJ Esprit portfolio company Imagine Communications Group has acquired Irish Broadband from NTR and Kilsaran Concrete in a EUR 47m deal.
SPAIN – Caja Navarra backs biotech project
Caja Navarra has acquired a 20% stake in pharmaceutical company CBlaya & MHuguet in a capital expansion deal valued at EUR 500,000.
CEE – MCI to buy Invia
Polish fund MCI is to acquire a majority stake in Invia, a Czech company that sells tours online. The deal is believed to be worth between KC 70-100m.
FINLAND - Nordic Capital acquires CPS Color from IK
Nordic Capital has acquired CPS Color, a Vantaa-based supplier of tinting systems, from Industri Kapital for an undisclosed sum.
SPAIN – Ibersuizas invests in pharmaceutical company
Inversiones Ibersuizas has acquired a 5% stake in Natraceutical Group from its parent company in a PIPE deal valued at around EUR 13.5m. The price per share was EUR 0.82 per share.
CEE – Cerberus to sell BankCZ for EUR160m
According to sources, Cerberus Capital Management is to sell Czech bank BankCZ, a division of Austrian bank Bawag, to German state bank LBBW for EUR160m.
CEE – Advent sells Bolix
Advent International has sold its stake in Bolix, a Polish provider of exterior insulation finish systems, to Indian manufacturer Berger Paints India for a sum believed to be near US$40m.
UK - Geocapital and HgCapital sell loss-making Axiom
Geocapital and HgCapital have sold service fulfillment software Axiom Systems Holding Ltd to Finnish telecom software solutions provider Comptel for £7m in an all-equity deal.
UK - Highland Capital invests in Autoquake
US-based Highland Capital Partners has led the £6m second round of funding in online used care retailer Autoquake alongside returning backer Accel Partners.
FRANCE/ITALY – Investindustrial to acquire Selective Beauty
Investindustrial is to acquire a stake in perfumes and cosmetics company Selective Beauty from 3i.
SPAIN – Banco Sabadell backs renewable energy player
Banco Sabadell, through its private equity arm Sinia Renovables, has acquired a 25% stake in renewable energy player Adelanta Corporación.