Deals
GERMANY - UTT Group changes hands
DZ Equity Partner has backed the management buyout of German textile manufacturer UTT Technische Textilien Group from BPE Private Equity. The transaction value has not been disclosed. The UTT management team reinvested and now holds a 51% stake in the...
UK - August acquires specialist healthcare provider
August Equity has supported the management buyout of Lifeways Community Care Ltd. Lifeways is a market leading provider of supported living for people with complex needs, offering nationwide coverage. HSBC provided debt to support the deal. Previously,...
GERMANY - Hörmannshofer changes hands
BayernLB has acquired German insulation specialist Hörmannshofer from AXA Private Equity. The transaction value has not been disclosed. Management also invested and hold a minority stake. In 2002, AXA Private Equity and management acquired Hörmnannshofer...
AUSTRIA - Capital Management Partners exit Unterland
Capital Management Partners, a turnaround specialist, has sold Unterland Flexible Packaging AG to Mondi Plc. The value of the transaction is said to be EUR 76m.
FINLAND - Bridgepoint portfolio company makes Belgium acquisition
Bridgepoint-owned A-Katsastus Oy, the Finnish vehicle inspection group, has acquired Belgium’s vehicle inspection company Autoveiligheid NV for an undisclosed sum. The company had net sales of nearly EUR 30m last year and carried out over 800,000 inspections....
UK - MSIF backs Mersey glass firm in £4m deal
A new company set up and funded by Merseyside Special Investment Fund (MSIF) has acquired Lattimer Group, a glass firm, from Hamspon Industries Plc, the international aerospace and precision engineering group. Lattimer Holdings Ltd, whose head office...
SWEDEN - Litorina Kapital makes 4x on exit from SWE-DISH
Litorina Kapital has sold SWE-DISH Satellite Systems AB to Datapath Inc for $56m in cash. The deal has generated returns of 4x Litorina's investment. SWE-DISH is a supplier of mobile satellite communications equipment and related services for broadband...
UK - NBGI reaps 6x return on outdoor clothing exit
NBGI Private Equity has reaped 6x its investment on the sale of outdoor clothing retailer Mountain Warehouse. Mountain Warehouse has been acquired by its management team in a £15m tertiary buyout deal with backing from Kcaj, the investment company of...
UK - Rutland acquires Attends from 3i for EUR 93.5m
Rutland Partners has acquired Attends Healthcare Holdings Ltd from 3i for EUR 93.5m. Attends is the trading name of the European operations formerly known as PaperPak which 3i acquired in a EUR 95m deal in 2002. Rutland has invested approximately £21.5...
MALTA - GMT acquires Melita Cable Plc
GMT Communications Partners (GMT) has acquired Melita Cable Plc, the leading provider of television, broadband and telephony services in Malta, from Nasdaq-listed Liberty Global and the Gasan Group of Companies. GMT is focused exclusively on the communications...
GERMANY - Industi Kapital sells DSI to CVC
Industri Kapital has sold DYWIDAG- Systems International (DSI) to CVC Capital Partners for an undisclosed sum. Industri Kapital acquired DSI in 2005 from the insolvent Walter Bau AG and subsequently pursued a buy-and-build strategy.
FRANCE - Air Liquide rumours continue
KKR is said to be interested in acquiring industrial gas giant Air Liquide, potentially a EUR 27bn deal.
UK - ISIS environmental portfolio company completes £2m acquisition
ISIS Equity Partners portfolio company SLR Consulting has completed its first major acquisition with the purchase of Insite Environments. SLR Consulting is an environmental consultancy in which ISIS acquired a minority stake in 2004, investing £4.85m...
GERMANY - Nanotron closes EUR 10m round
zouk ventures, a London venture capitalist specialising in cleantech, has led a EUR 10m funding round in German Nanotron Technologies. Other investors committing to the round are Polytechnos, Danfoss, and IBB Beteiligungsgesellschaft - VC Fonds Berlin....
UK - NVM invests £7m in building consultants buyout
NVM Private Equity (NVM) has invested £7m in the management buyout of building services consultants Foreman Roberts.
GERMANY - Eschenbach Optik changes hands
Barclays Private Equity has acquired German supplier of spectacle frames form HANNOVER Finanz and the Eschenbach family. The transaction value has not been disclosed, but Barclays Private Equity will hold a 70% stake in the company with management acquiring...
FRANCE - EdRIP invests EUR 9m in CEME secondary buyout
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 9m in equity and convertible bonds in the secondary buyout of electrical engineering and air conditioning specialist CEME.
SPAIN - Cinven in $675m deal for USP Hospitales
Cinven has acquired USP Hospitales, an independent healthcare operator, from Mercapital for $675m. USP operates 33 facilities, including 13 hospitals and 16 outpatient centres across Spain. USP is expected to generate revenues of $280.7m and EBITDA...
UK - Beringea leads £2.2m funding for Harmony Media Group
Beringea has lead a £2.2m investment round in Harmony Media Group. Harmony Media Group is the newly formed parent company of Filmnight Digital and Saffron Digital. Beringea provided the funding through its ProVen VCTs.
SWEDEN - Attendo acquires MedOne
Industri Kapital backed healthcare company Attendo has acquired MedOne, a Finnish provider of outsourced healthcare and social services. Attendo now has operations in every Nordic country. MedOne is projected to generate revenues of EUR 110m in 2007....
SPAIN - GED bolts Icesa onto Nekar
Spanish private equity firm GED has acquired Icesa packaging through the vehicle which holds Nekar packaging, a company that GED also purchased last year for EUR 28m.
UK - Zinwave in second fundraising round
Scottish Equity Partners is reported to be involved in a series-B fundraising round for Zinwave. Zinwave's technology prevents buildings, tunnels and elevators from disrupting the high frequency signals of cellular and wireless services. Zinwave is currently...
ITALY - Alcedo acquires office furniture business
Italian mid-cap private equity firm Alcedo has acquired 80% of Faram, a designer and manufacturer of office furniture and partitions.
BELGIUM/SWEDEN - EQT sells deSter to Gate Gourmet
EQT, through its funds EQT I and EQT III, has agreed to sell deSter Holdings B.V. to Gate Gourmet, a provider of airline catering and provisioning services. EQT-owned Duni AB, headquartered in Sweden, acquired deSter in 1999 and since then has substantially...