Deals
UK - Carlyle et al. exit from Trema
The four largest shareholders in Trema, The Carlyle Group, Investcorp, ABS Ventures and Norks Vekst announced the sale of Trema to Wall Street Systems, a portfolio company of Warburg Pincus. Terms of the transaction were not disclosed. Trema is a leading...
NETHERLANDS - Cinven and Warburg Pincus to acquire Essent Kabelcom
Cinven and Warburg Pincus have announced that they have reached an agreement to acquire Essent Kabelcom from Essent NV for EUR 2.6bn. The acquisition follows the recent agreement for Cinven and Warburg Pincus to acquire Casema, another Dutch cable company...
UK - Investec Private Bank funds acquisition of Sugar Puffs
Investec Private Bankтs Growth & Acquisition Finance division has backed Big Bear Ltd in the acquisition of the Sugar Puffs cereals and Harvest cereal bars businesses. Investec initially backed Big Bear with a composite senior, mezzanine and minority...
SPAIN - Investindustrial exits Grupo Care
The Spanish branch of Investindustrial has agreed to sell its interest Grupo Care, a Madrid-based residential care company, to the Orpea Group for an undisclosed amount. Grupo Care has reported a turnover of EUR 15.6m last year and expects to reach EUR...
UK - Phoenix backs secondary MBO of Gaucho Grill
Phoenix Equity Partners has structured and led the funding of a ТЃ55m secondary buyout of Gaucho Grill in partnership with the management team of the business led by Zeev Godik, the founder and chief executive. Gaucho, the Argentinean restaurant group,...
UK - 3i sells portfolio company CH4 Energy Ltd
3i has announced the sale of its portfolio company CH4 Energy Ltd, a privately owned, UK-headquartered E&P company to Venture Production Plc for EUR 224m (ТЃ153m). 3i has been involved with CH4 since its start-up in 2002. 3i provided the initial start...
ITALY - Stirling Square backs MBI of Metroweb SpA
Stirling Square Capital Partners, the pan-European private equity firm, has announced that it has signed a definitive agreement to acquire Metroweb SpA. from Milan-based utility AEM SpA. Stirling Square is backing a team of experienced telecom managers...
UK - Back Pain Management Experts raise £250,000 from The Capital Fund
The RealHealth Institute, an independent healthcare company that offers expert advice and treatment for back pain and other musculoskeletal disorders, has raised ТЃ250,000 from The Capital Fund. The companyтs management team will use the new funding to...
SWITZERLAND - ESBATech raises SFr 50m for expansion
A syndicate of new investors led by SV Life Sciences, Clarus Ventures, HBM BioVentures and HBM BioCapital has invested SFr 50m in ESBATech AG alongside existing investors. The series B financing is aimed at further developing the company's lead product,...
SPAIN - Carlyle courts Ason
The Carlyle Group and Layetana, a Catalan real estate company, are considering a bid for Spanish real estate group Ason, according to Spanish newspaper Cinco Dias. Bids are due next week for the firm, which is expected to be valued at about EUR 700m....
FRANCE - 21 Centrale Partners in Batisanté secondary buyout
21 Centrale Partners has bought health and safety services provider Batisanté from CDC Entreprises, following an auction process run by Transaction R.
GERMANY - Equita exits woodwork specialist
Equita has sold a 19.7% stake in German sawmill and wood working enterprise Klenk Holz AG via the Klenk family to WestLB AG. The remaining 10% stake was sold to the Klenk Holz AG itself as treasury stock. Equita was invested in Klenk Holz AG through its...
GERMANY - Auctus Management makes 18x money on Time Partner
Auctus Management has exited a majority share in its temporary recruitment platform Time Partner to Investcorp for approximately EUR 250m. The financial investor made 18x its invested capital which it began building in 2004, yielding EUR 100m from the...
FRANCE - Authorities approve the sale of Taittinger
Starwood Capital, has announed it has received the approvals it required for the sale of champagne-maker Taittinger to Crédit Agricole du Nord Est.
UK - Bridges Community Ventures backs Nottingham healthcare services company PHF
Bridges Community Ventures (Bridges) the UKтs first community development venture capital company announces its investment in PHF Services Ltd, a Nottingham based company that aims to revolutionise the market for the provision of healthcare practice administration...
UK - Graphite Capital backs further acquisition by Avery Healthcare
Graphite Capital has provided equity funding for the acquisition by Avery Healthcare of Hadrian Healthcare. Based in Gateshead, Hadrian has eight care homes for the elderly in North East England and is regarded as one of the leading operators in the region....
UK - European Capital to close UK deals
According to the Financial Times, European Capital is due to complete two management buyouts this week, whilst simultaneously being in talks with British Airways to purchase its Air Miles business.
UK - Permira acquires All3Media generating 5.5x returns for Bridgepoint
Permira has acquired a majority stake in All3Media from Bridgepoint in a deal which values the company behind Richard & Judy, Hollyoaks, Midsomer Murders amongst others, at ТЃ320m. The deal represents an exit for Bridgepoint which has made a money multiple...
FINLAND - CapMan exits from Matka-Vekka
Funds managed by CapMan have sold Finland’s private travel agency chain Matkatoimisto Oy Matka-Vekka to Icelandic Heimsferdir EHF. The value of the deal has not been disclosed. CapMan funds Finnventure IV and Finnmezzanine II acquired ownership of Matka-Vekka...
GERMANY - Steadfast Capital acquires Peine Group
Steadfast Capital, alongside the company's management, has acquired Peine Group. The Wilhelmshaven-based company is a producer of business and formal wear for men.
ITALY - Strategia Italia closes its first transaction
The private equity firm Strategia Italia SGR has recently concluded its first transaction as a lead investor, in partnership with specialist investor Piemonte High Technology. The consideration has not been disclosed.
UK - Light Blue Optics secures $2.5m seed funding from 3i-led consortium
Light Blue Optics, developer of industry-leading miniature projection technology, today announced the closing of a $2.5m seed funding round. 3i Plc, the FTSE 100 listed global venture capital firm, led the round, which also included investment from NESTA,...
UK - Phoenix acquires NFT Distribution
Phoenix Equity Partners announces that it has reached agreement on the proposed acquisition of the business and assets of NFT Distribution (NFT) from Northern Foods Plc in a ТЃ51.2m management buyout. Contracts have been exchanged and completion is expected...
UK - Caudwell phone group sold to Providence Equity Partners and Doughty Hanson
The Times reports that this week will see the official announcement that John Caudwell's mobile phone empire has been sold to Providence Equity Partners and Doughty Hanson.