Deals
GERMANY - Finatem sells Hügel
Finatem Beteiligungs GmbH has sold a 51% stake in Hügel, a German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed amount. The financial investor had previously acquired the company for approximately EUR 54m in August...
BELGIUM - GIMV signs exclusivity agreement for sale of Kleimar stake
GIMV has reached an agreement with the Greek Navios Maritime Holding to hold exclusive talks on the sale of its stake in shipping company Kleimar. Currently, GIMV owns 24% of Kleimar, which is part of the Sea-Invest group.
ITALY - 21 Investimenti and Banca Leonardo buy stake in IVRI
21 Investmenti and Banca Leonardo have jointly acquired a majority stake in IVRI, a security and surveillance business, for an undisclosed sum. The Zané family, founders of the group, will maintain a minority stake.
GERMANY - Gutbrod Stanz- und Umformtechnik GmbH sold to voestalpine AG
Barclays Private Equity has exited its investment in German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed sum. Barclays Private Equity had previously acquired Gutbrod Stanz- und Umformtechnik in a secondary transaction...
PORTUGAL - Portugal Telecom deal about to close
After a year of negotiations, the five investment banks fronting Sonaecom's hostile takeover bid of Portugal Telecom are reported to be close to agreeing advisory fees as the deal reaches its final stages.
GERMANY - Barclays Private Equity exits Buch & Kunst
Barclays Private Equity has sold its stake in German book retailer Buch & Kunst to the Thalia Group for an undisclosed amount. The financial investor acquired the company in 2001.
UK - NVM funds £16m buyout of defence service provider
NVM has provided just under ТЃ7m to fund the ТЃ16m management buyout of Product Support Ltd (PSL), a supplier of logistics services to the defence industry.
UK - Inflexion backs £12m MBO of Tekton Group
Inflexion Private Equity has led the ТЃ12m management buyout of Tekton Group, the fastest growing Enterprise Resource Planning software provider to the UK construction and house building industries. The buyout also includes the simultaneous complementary...
ESTONIA - MartinsonTrigon invests EUR 1m in social networking operator
MartinsonTrigon has agreed to invest EUR 1m in Rate Solutions, a Baltic social networking operator. Rate Solutions was behind Rate.ee, a social networking site with 25% of the 1.4 million population of Estonia as its users.
ITALY - Bridgepoint acquires motor homes manufacturer
Bridgepoint has agreed to purchase SEA, a manufacturer of branded motor caravans.
UK - Close Brothers Private Equity exits Moody via sale to Investcorp
Investcorp has acquired Moody International in a $311m secondary management buyout deal from Close Brothers Private Equity. CBPE paid $55m in April 2004 for the Sussex-based inspection services provider to the oil and gas industries which counts BP, Royal...
SPAIN - Corpfin Capital acquires Restauravia Food
Corpfin Capital has acquired the restaurant chain Restauravia Food alongside its management team in a BIMBO valued at EUR 95m.
SPAIN - Banesto backs renewable energy business
Banesto ENISA SEPI Desarrollo has made an investment of EUR 1.5m in Aquaventus Energía SL in return of a minority stake.
SPAIN - Private equity funds acquire Global 3 Energía
Private equity firms Corpfin Capital, Ahorro Corporación and Impala Capital have acquired 74% of Global 3 Energía from US firm ArcLight Energy Partners.
GERMANY / France - Taros Capital sells Zarges Tubesca to Granville Baird Funds.
Taros Capital has announced that it has agreed to sell Zarges Tubesca to Granville Baird, for a total consideration of EUR 156m, including financial debt.
ITALY - L Capital acquires 40% of Calligaris
Market sources suggest that L Capital has purchased a 40% stake in home decoration business Calligaris. The value of the transaction has not been disclosed.
ITALY/UK - Apax hands Damovo over to hedge funds
Apax Partners is reportedly being forced to hand over its telecom business Damovo to a consortium of hedge funds, in order to save the company from bankruptcy.
FINLAND - CapMan to acquire Komas Oy
CapMan has agreed to acquire Komas Oy from private equity investor Midinvest Management and other owners of the company. No details regarding the transaction price will be disclosed.
UK - Duke Street Capital sells Lil-lets to Electra Partners
Duke Street Capital has sold Lil-lets feminine hygiene division of Accantia, the health and beauty manufacturer to Electra Partners for a total consideration of ТЃ80m. Duke Street Capital originally backed the ТЃ225m management buyout of Accantia in November...
UK - Seraphim Capital completes first investment
Seraphim Capital, the UKтs first Enterprise Capital Fund, led by GLE, is to provide a development capital injection of ТЃ1m into G-T-P Group Ltd. The deal represents Seraphimтs first investment.
GERMANY - IK exits Gardena
Husqvarna has signed an agreement with Industri Kapital to acquire Gardena, a manufacturer of gardening tools in Europe. The purchase price amounts to EUR 730m which includes the transfer of debt, shareholder credits and pensions amounting to EUR 416m....
UK - Finance Wales in £1.2m funding round for BP Rolls
Finance Wales has invested ТЃ240,000 to enable car and commercial vehicle repairer BP Rolls to expand its operations in Newport, Gwent. Finance Walesт investment is part of a wider financial package totalling ТЃ1.2m that will see the company purchasing...
ITALY - Abacus Invest closes its first deal
Milanese Abacus Invest has completed its first deal yesterday by purchasing a 56% stake in Controls. The consideration was not made public.
GERMANY – Armacell goes to Investcorp
Investcorp has acquired Armacell International GmbH in a secondary buyout from Gilde Buy-Out Fund and funds managed and advised by CVC Capital Partners. No further terms of the transaction have been disclosed.