Deals
UK - Terra Firma's waste unit set to be acquired by Spain's FCC
Fomento de Construcciones y Contratas, S.A (FCC), a Spanish construction and service group, is set to acquire the waste disposal arm of Waste Recycling Group Holdings (WRG) from Terra Firma. The deal values the waste disposal side of the business at ТЃ1.4bn....
SPAIN - Inova exits La Estrella Digital
According to reports in the Spanish press, private equity firm Inova has sold its 30% stake in the e-newspaper La Estrella Digital to communications entrepreneur Mariano Álvarez Gutiérrez for an undisclosed sum.
UK - Misys 'management walk in' to prevent company being sold off too cheaply
Control of software firm Misys is reported by the Times to have been assumed by three former directors who want to prevent the firm being sold off too cheaply to private equity or trade buyers. Under plans by the directors, the ТЃ1bn firm will be broken...
UK - Caudwell's mobile phone empire snapped up by private equity
The mobile phone empire of John Caudwell is to be acquired by three private equity groups according to a report in the Sunday Times.
UK - McCarthy & Stone to recommend Permira's offer
The nearly ТЃ1bn joint offer from Permira and Barclays Capital for McCarthy & Stone is today expected to be recommended by the board of the company, according to the Times.
UK - Blackstone and KKR target Argos and Homebase
GUS, the parent company of Argos and Homebase retailers (ARG)and Experian, the business information provider, which is intent on a demerger of the two divisions in October, is reported to have received private equity offers for both arms of the company....
UK - Taylor Nelson Sofres receiving private equity interest
The international market research firm Taylor Nelson Sofres (TNS) is said to have attracted private equity interest. The company has encountered the dissatisfaction of its institutional investors after it revealed revenues in the US had fallen and were...
FRANCE - Deadline for PagesJaunes bids
Bidders for France Telecom's 54% stake in directory service PagesJaunes are expected to place binding offers today.
FRANCE - Alven generates a 40% IRR on trade sale of financial software developer
Alven Capital has sold its entire stake in middle and back-office software developer Emos Futures to its main competitor, GL Trade, a deal which generated an IRR of 40%.
UK - Scott Tod to be taken over by Rutland Partners
Scott Tod, the struggling cash machine specialist is to be delisted by Rutland Partners in a deal which values the loss making company at ТЃ7.4m.
GERMANY - Gilde and Capvis sell Soudronic AG
Gilde Buy Out Partners and Capvis have sold their 75% stake in Swiss metal packaging specialist Soudronic AG. The acquirer is Keystone Group Holding AG.
UK - Aberdeen Asset Managers backs MBO of Homelux Nenplas
The UK's leading tile accessory and plastic extrusion manufacturer, Homelux Nenplas, has been the subject of a management buyout led by Aberdeen Asset Managers. The business was sold by US-based Newell Rubebrmaid. Yorkshire Bank supported the transaction....
SPAIN - M-Capital invests in Arigas Andalucia and Autosur
M-Capital has taken a 40% shareholding in Arigas Andalucia, an early-stage company that specializes in maintenance services for water and gas networks. The Cordoba –based company Arigas Instalaciones will hold the remaining stake.
UK - Busy times for Sovereign Capital
In the space of three days, Sovereign Capital Partners has completed an exit and an acquisition finance deal. The exit deal from SENAD Group, a specialist educational provider in Derbyshire, Staffordshire and Wales, generated an IRR of 110% and represents...
GERMANY - Palamon takes controlling stake in cadooz
Palamon Capital Partners has acquired a controlling stake in cadooz AG. The company is a provider of gift certificates for corporate customers in Germany. The financial investor has committed EUR 15m in capital within the framework of the transaction....
UK - Blackstone to reunite Center Parcs
Blackstone is to purchase Center Parcs property in Belgium, the Netherlands and Germany worth EUR 630m in a bid to revitalise the company according to the Financial Times today. The Dutch-founded company was establised in 1967 with the UK division having...
UK - Permira and DLJ make shortlist for All3Media
Permira and the private equity arm of Credit Suisse, DLJ are on the shortlist to acquire the company behind Hollyoaks and the Richard & Judy show.
GERMANY - 3i and Triton exit CoCreate
3i and Triton have exited their holding in CoCreate to HBK Private Equity Group.
SWITZERLAND - Capvis invests in storage solutions
Capvis Equity Partners has taken a majority stake in Lista B+L Holding, comprised of the Lista Workspace and Storage Systems group. The deal is part of Lista Group's 18-month restructuring plan. The company recorded revenues of SFr 220m in 2005, with...
FRANCE - French investor backs MBO of home hairdressing service
Edmond de Rothschild Capital Partners (EdRCP) has taken a significant majority stake in home hairdresser, Viadom.
UK - Gresham backs MBO of Giles Insurance Brokers
Gresham has announced that it has backed Chris Giles and the management in the management buyout of Giles Insurance Brokers Ltd, one of the UKтs fastest growing commercial insurance brokers, in a deal valued at ТЃ45m.
UK - Further consolidation of the health market?
Holmes Place, controlled by Permira and Bridgepoint Capital, could be acquired by Virgin Active if a new merger plan is to go ahead. According to the Financial Times, the Virgin Group would then float the enlarged company which would be the UK's second...
UK - Gresham Private Equity backs MBO if Just Trays
Gresham Private Equity has today announced its backing in the MBO of Just Trays, the UKтs leading manufacturer of shower trays. It has an estimated 20% share in the UK shower tray market and plans to increase its market share by introducing further innovative...
FRANCE - Pharmaceutical R&D firm get EUR 1m
CIC Vizille Capital Innovation (CIC Vizille CI) and Sudinnova have led a first round of financing for pharmaceutical R&D laboratory, Transmedi, together contributing 70% of the EUR 1m injected. The balance is provided by regional investor Institut Lorrain...