Deals
ITALY - Euraleo makes its first invesment
Euraleo, the joint venture established in 2006 by French buyout house Eurazeo and investment group Banca Leonardo, has made its first acquisition.
GERMANY - 3i acquires DEUTZ Power Systems
3i has acquired German gas and diesel engine manufacturer DEUTZ Power Systems from DEUTZ AG for EUR 360m. Together with the management, 3i aims to bring the equipment and service activities close together, and grow the company into the sole global independent...
UK - August Equity acquires software business 4Projects
August Equity has completed the management buyout of 4Projects Holdings Ltd, a provider of project collaboration software solutions. Banking facilities were provided by Kaupthing Singer and Friedlander.
UK - 3i reaps 61% IRR from Care Principles after 10 year investment
3i has seen a money multiple of 3.9x and an IRR of 61% from its 10 year investment in Care Principles. The medium secure hospital operator which provides care for adults with long-term therapy needs has been acquired by The Delta Fund for £270m.
NORWAY - HitecVision and Statoil Innovation sell Pure Group to Torr Canada
Statoil Innovation and HitecVision Private Equity have sold Pure Group, a oil and gas purification company, to publicly-listed Torr Canada, a extractor of hydrocarbons from upstream oil and gas produced water. The two investors believed an industrial...
UK - Apax sees 40x return from healthcare exit to Hutton Collins
Sources report that Apax has recouped in excess of 40x its money through the sale of Healthcare at Home to Hutton Collins. Apax invested £800,000 for a minority stake in the home healthcare service provider in 1995. The company was rumoured to have been...
GERMANY - orizon AG makes add-on acquisition
PPM Capital portfolio company orizon AG has acquired Jobs In Time Holding GmbH for an undisclosed sum. This is the second add-on acquisition for orizon in two months. In June 2007, the company acquired SIR Industrieservice GmbH.
DENMARK - Summit Partners invests in Welltec
Summit Partners has invested in Welltec, a Danish provider of precision robotic solutions for oil and gas wells. Summit Partners became aware of Weltec when founder and CEO, Jørgen Hallundbæk, won the Deloitte Entrepreneur of the Year award. The investors...
FRANCE - Astorg leads secondary buyout of funeral business OGF
Astorg Partners has led a syndicate including previous backer Vestar Capital Partners in the secondary buyout of OGF.
UK - Terra Firma closer to EMI after further deadline extension
Terra Firma's quest to secure music publisher EMI experienced another twist over the weekend, when the deadline for shareholder acceptance had to be extended for the third time. Terra Firma now has until Wednesday to meet the 90% acceptance level. Press...
UK - Apax bids for Emap's B2B division
Apax is understood to have approached Emap regarding the acquisition of the magazine and radio group's B2B publications. The news comes following Emap's decision to conduct a strategic review of its business, thought to have been prompted by the approach....
SPAIN - Media content developer secures EUR 2m from Debaeque
Debaeque Venture Capital has led a series A round of funding totalling EUR 2m in Kimia, a company developing technology to channel rich media content from the Internet to mobile phones.
FRANCE - Pragma Capital wins tertiary buyout of Retif
Unquote" has learned that Pragma Capital has signed an agreement to back the tertiary buyout of display units rental business Retif.
UK - London Technology Fund participates in £2.6m funding for Acrobot
London Technology Fund (LTF) has completed an investment in Acrobot, a company focusing on computer assistance for orthopaedic surgery. LTF is part of a syndicate investing up to £2.6m. The syndicate includes PUK Ventures and Imperial Innovations Group...
UK - Aberdeen sees 2x return on RMS exit
Aberdeen Asset Managers Growth Capital has realised its investment in shipping and cargo handling business RMS Europe Group. The exit has returned 2x Aberdeen's money and was facilitated by a £21m secondary buyout led by YFM.
FRANCE - LBO France acquires Piera
French buyout house LBO France has completed the buyout of Piera, a real-estate developer.
SPAIN - Impala exits Menaje del Hogar for EUR 132m
Impala Capital sold its 54% stake in electrical goods wholesaler Menaje del Hogar to UK sector player Kesa Electricals. The total exit value is EUR 135m, including EUR 35m in debt. The private equity firm had originally purchased its stake in 2003, for...
SWITZERLAND – 5àSec in tertiary buyout
ING Parcom Private Equity has acquired the dry cleaning service provider 5àSec from Milestone Capital. The transaction value has not been disclosed. In 2001, Milestone Capital (formerly EAC) acquired the company from Spef and BNP Développement.
UK - Sainsbury deal faces opposition from Tchenguiz
Delta Two is facing additional opposition to its 600p per share bid for UK supermarket chain J Sainsbury. The well-documented resistance to the bid from the Sainsbury family, has been boosted by news that property entrepeneur Robert Tchenguiz also believes...
UK - RJD acquires Teaching Personnel from BPE for £24m
RJD Partners has led the £24m secondary management buyout of specialist teacher recruitment business Teaching Personnel. The deal represents an exit for Barclays Private Equity. RJD's investment was supported by management reinvestment and £14m of banking...
FRANCE - Osiris secures first industrial deal
Osiris Partners has backed the spin-off of Produits Plastiques Performants (3P) from listed-plastics company Plastic Omnium. The deal is Osiris' second transaction.
UK - Bridges Ventures invests £2.3m in keyworker housing
Bridges Ventures has invested £2.3m to fund the purchase of three blocks of studio apartments to provide key worker housing. The buildings acquired by a newco established by Bridges will provide accommodation for hospital staff employed by Plymouth Hospitals...
UK - Tense days for Terra Firma's EMI bid
Terra Firma faces a few tense days before Sunday's cut off point for EMI shareholders to accept its £2.4bn agreed offer for the London-listed music publisher. Terra Firma needs to secure 90% of acceptances by Sunday. The figure is currently understood...
UK - Bank of Scotland makes £320m indicative offer for Erinaceous
Bank of Scotland has made an indicative offer for property services business Erinaceous Group Plc. The 300p per share offer values the London-listed company at approximately £320m. Bank of Scotland is carrying out due diligence ahead of a formal offer.It...