Deals

FRANCE - Siparex leads investment in OneDirect

The fund Siparex Midcap and the fund SES Iberian I, which is co-managed by the Siparex and Portugal's Espírito Santo group, have invested more than EUR 3m for a minority ownership interest in OneDirect, a telephone hardware distributor.

SPAIN - Nmás1 and Dinamia holding high hopes for HIgh Tech IPO

Rumour has it that Nmás1 and Dinamia have hired Credit Suisse to prepare the flotation of hotel chain High Tech. The IPO will probably see the listing of a 60% shareholding (a stake equal to the company's portion owned by the GPs) and will aim to raise...

SPAIN - Corpfin Capital acquires tour operator Catai

Private equity firm Corpfin Capital has completed the acquisition of a 50% stake in travel business Catai Viajes. The remainder will be held by the family Torres, the founder of the group, and the current management team.

AUSTRIA - Mid Europa in EUR 1.4bn One mobile deal

Mid Europa Partners has teamed up with France Telecom/Orange to acquire One GmbH, the third largest mobile operator in Austria, in a EUR 1.4bn deal. This transaction is expected to close within the next three months. It is the second largest buyout in...

NORWAY/SWITZERLAND - ReVolt Technology raises EUR 10m

ReVolt Technology AS, a developer of rechargeable Zinc-air batteries, has raised €10 million in second-round funding. Backers include Northzone Ventures, Sinvent, Sofinnova Partners, TVM Capital, Verdane Capital and Viking Ventures. Revolt Technologies...

UK - Rutland portfolio company divests division

Rutland Partners portfolio company Wolstenholme Group Ltd is to sell the business and certain assets its metallic effect pigment and metallic printing ink business (the Metallics Business) to Eckart GmbH and Co KG for £22m. The sale is conditional on...

UK - Boots deal one step closer to completion

The first delisting of a FTSE 100 company is one step closer to completion today after the trustees of the Alliance Boots pension fund struck a deal with KKR. The £11.1bn buyout is on track to complete on 28th June 2007 with KKR pledging to inject £418m...

ITALY - Sicurglobal auction to finalise in July

Market sources speculate that the competitive process for security business Sicurglobal should end in the second week of July. It is understood that private equity firms Stirling Square Capital Partners, Cognetas, 21 Investimenti and Synergo - all owners...

GERMANY - Halder exits BHS Getriebe GmbH

Halder has sold turbo gears manufacturer BHS Getriebe GmbH to Voith Turbo, a group division on Voith AG. The transaction value has not been disclosed. This divestment represents the fourth transaction published by Halder within the last six weeks, following...

FINLAND - MB Funds sells Inspecta to 3i

MB Funds has sold its holding in Inspecta to 3i. MB Funds has held the majority of the shares in the company since 2002. Over the last five years Inspecta has grown its revenues from EUR 18m to EUR 106m. The number of employees has also grown from 256...

GERMANY - Barclays Private Equity sells TUJA for EUR 800m

Barclays Private Equity has sold temporary employment agency TUJA Group to Adecco for EUR 800m. The financial investor acquired TUJA in March 2006 from Odewald & Cie and pursued an aggressive expansion strategy, acquiring six companies within and outside...

UK - Cinven beats CVC, Terra Firma and BC Partners to BUPA

Cinven has won the battle for BUPA's 26-strong hospital division. The deal weighed in at £1.44m. Cinven beat off competition from a number of other private equity players with sources citing both the price it was prepared to pay as well as its other...

UK - Cerberus acquires Focus for £225m

Cerberus has acquired struggling DIY chain Focus. Unable to reach a debt restructuring agreement with its creditors, Focus has been the subject of negotiation since earlier this year. The sale of the company to US hedge fund Cerberus represents an exit...