Deals
ITALY – MPS Ventures in IT acquisition
MPS Ventures and Sapient spa have acquired software company Gruppo Datel.
UK - Elysian Capital seals first deal
Mid-market firm Elysian Capital has backed the buyout of The Landscape Group Limited, a provider of landscape maintenance, street cleansing and horticultural construction services.
UK - Octopus in £16m MBO of Hydrobolt and Studbolt
Octopus Investments has acquired Hydrobolt Group Ltd and its sister company Studbolt in a £16m buyout. Octopus provided management with £4.5m to buy out the founder and majority shareholder. The group manufacturers and distributes high integrity fasteners...
FRANCE – CDC, Avenir and NCI purchase minority stake in Alkos
CDC Entreprises, its subsidiary Avenir Entreprises and NCI Gestion have acquired a 24% minority stake in Alkos Cosmétiques. Gérard Gieux, who has run the company since 1996, holds the remaining 76% stake. The investment has been used by Alkos to finance...
UK - Candover sells minority stake in Wellstream
Candover has sold its minority stake in offshore drilling pipes supplier Wellstream for £170m.
FINLAND - Investcorp acquires Asiakastieto from GMT
Investcorp togther with management has acquired Asiakastieto, Finland’s largest credit and business information company, for an undisclosed sum from GMT Communications Partners III LP.
UK - AAC Capital portfolio company buys PADS
Office supplies distributor OyezStraker, a portfolio company of AAC Capital Partners, has acquired office supplies company PADS Printing & Commercial Stationery Ltd for an undisclosed sum.
FRANCE – I-Source and OTC inject Rhapso with EUR 3.5m
I-Source Gestion and OTC Asset Management have invested EUR 3.5m in Rhapso in a second round of financing. The investment comes two years after I-Source’s initial investment of EUR 600,000.
ITALY - J Hirsch acquires 65% of Panini
J Hirsch & Co through its fund ILP III has acquired a 65% stake in Panini a company specialising in payment systems.
UK - Montagu and GIP complete Biffa take-private
Shares in Biffa, the waste disposal group, ceased trading on the London Stock Exchange this morning following its acquisition by Montagu Private Equity and Global Infrastructure Partners.
GERMANY - Industri Kapital to acquire Flabeg
Industri Kapital has agreed to acquire Flabeg from EquiVest funds, managed by CBR for an undisclosed amount.
SWITZERLAND – VC consortium funds PicoDrill SA
A consortium of three Swiss VC firms have alongside private investors, led a CHF 5.8m Series A round in PicoDrill SA. The investors are Initiative Capital Romandie, VI Partners and Jade Invest.
GERMANY - 3i sells cleantech company hte AG
3i has agreed to divest its stake in German cleantech company hte AG to BASF. The financial details of the transaction have not been disclosed.
RUSSIA – TPG acquires 50% of SIA for $800m
US fund TPG has invested approximately $800m in Russian drug distributor SIA International in exchange for a 50% stake. TPG acquired the stake from the founder, who holds the balance of the shares.
UK - Finance Cornwall invests in The Natural Fibre Company
Finance Cornwall has invested an undisclosed sum in The Natural Fibre Company, a business that spins organic and natural yarns from wool, mohair and alpaca.
ITALY – Alto Partners in industrial manufacturer exit
Alto Partners have sold engineering firm Metalcastello to Mahindra & Mahindra and ICICI Venture Funds Management in a trade sale estimated at over EUR 100m in enterprise value.
UK - Fidelity sells B&B Electronics
Fidelity Equity Partners has sold portfolio company B&B Electronics, an industrial connectivity products manufacturer, to Graham Partners for an undisclosed sum.
UK - SEP leads funding round in Tideway
Scottish Equity Partners has led a $27m series-c funding round in IT automation provider Tideway.
ITALY – Sigefi invests in shoe manufacturer
Sigefi has acquired a 49.4% stake in shoe manufacturer SCHMID in a management buyout deal. The transaction was carried out through its funds Siparex Midcap and Siparex Italia, which acquired 32.9% and 16.5% of the company respectively.
UK - Active acquires bike store chain
Active Private Equity has acquired FW Evans, owner of the bicycle store chain Evans Cycles. Debt to facilitate the deal was supplied by Lloyds TSB Corporate Markets.
UK - Iceni backs oil & gas HR company
Icenit Capital has acquired Mentor IMC, a specialist human resources provider to the oil and gas industry. A debt facility to support the deal was underwritten by RBS.
UK - Braveheart invests £300k in Conjunct
Braveheart has invested £300,000 in Conjunct Ltd, a company that specialises in implementing short range optical interconnects using innovative transceivers.
UK - AAC acquires Dewhurst
AAC Capital Partners has acquired a significant stake in James Dewhurst, a manufacturer of engineered technical textiles.
RUSSIA - Three private equity funds acquire Geotek
According to sources, Farallon Capital Management, AIG Private Equity and Black River Asset Management have acquired 20% of Geotek, a Russian holding providing oilfield services.