Deals

SWEDEN - Segulah buys Isaberg Rapid

Segulah has acquired Isaberg Rapid, a wholly owned subsidiary of the listed investment company Industrivärden. Isaberg Rapid focuses on the manufacturing and marketing of staplers and staples, under the brand name Rapid. In 2005, it recorded revenues...

GERMANY – NORD Holding acquires Shipbuilding Division

Hannover-based NORD Holding Unternehmensbeteiligungsgesellschaft mbH has announced it is to acquire a 70% stake in R & M Ship Technologies Group from the Bilfinger Berger Group. The management team led by CEO Joachim Buttke will hold the balance.

AUSTRIA – KKR exits remaining stake in Zumtobel

Kohlberg Kravis Roberts & Co has sold its remaining shares in Austrian lighting company Zumtobel Group. The financial investor held a 5.5% stake in Zumtobel after the company’s IPO on the Vienna Stock Exchange (ATX) on 12 May 2006. The transaction was...

SPAIN - Doughty Hanson and Apax in competition for Avanza

Reports in the Spanish press suggest that the final dispute for Avanza is between Apax Partners and Doughty Hanson. The firms are said to have submitted the most attractive bids to acquire the majority of the shares in the transport group from its founders....

SPAIN - Primmera acquires Recycling Hispania

Private equity firm Primmera Inversiones en Desarrollo has acquired 100% of Recycling Hispania for approximately EUR 6m. The company, with headquarters in Madrid, carries out glass cleaning and collection services and it is one of the main players in...

ITALY - Lay Line Genomics attracts private equity interest

Biopharmaceutical company Lay Line Genomics has reached an exclusive licensing agreement with Dutch biotech group PanGenetics for the development of the antibody Hu-alphaD11, a product with similar analgesic properties to those of morphine but less agressive...

UK - Cineworld calls off talks with VUE

It is understood that Cineworld has called off talks with VUE about a possible merger between the two private equity-backed companies in favour of an IPO. Cineworld, backed by Blackstone since 2005, has twice called off a flotation in the last year citing...

GERMANY – Largest IPO in Germany this year

The German flavours and fragrances company Symrise has floated today on the Frankfurt Stock Exchange at an issue price of EUR 17.25, making it the largest IPO in Germany this year. With a freefloat of around 70%, the IPO raised approximately EUR 1.4bn...

UK - Lyceum Capital backs SPI Group Ltd

Lyceum Capital has invested in SPI Group Ltd, a building services company which provides installation, repairs, maintenance and support services to the social housing sector.

UK - ABN AMRO Capital sees 3x return on Dennis Eagle sale

ABN AMRO Capital has sold Dennis Eagle Group Ltd for an undisclosed sum to Ros Roca SA a Spanish-headquartered European leader in the refuse sector. ABN AMRO Capitalтs investment in Dennis Eagle has generated a money multiple of 3x with an IRR of 50%....

BELGIUM - Inustri Kapital sells Consolis to LBO France

Industri Kapital has announced that the sale of Consolis, European market leader in prefabricated concrete, to LBO France. The transaction allows Industri Kapital and its co-investors to generate a money multiple just shy of three times and a triple digit...

ITALY - Capeq Partners and Natexis Cape exit Sial

Private equity firms Capeq Partners and Natexis Cape have announced the sale of their entire stake in dehumidifier manufacturer Sial to Swedish sector player Munters. It is understood that the deal is worth around EUR 19.4m.