Deals
SPAIN/FRANCE - CVC and PAI on row over Altadis split
Rumour has it that CVC and PAI Partners are in disagreement over how the two private equity firms will split control of the tobacco business.
FINLAND - Via Ventures and Finish Industry Investments commit EUR 5m in OptoGaN
Via Ventures and Finish Industry Investments have committed capital in a EUR 5m round for OptoGaN, a light emitting diodes (LED) company based in Finland and Germany. The company has the technology to replace light bulbs with LED and the new funding will...
UK - ABN AMRO completes MBO of Dunlop Aircraft Tyres
ABN AMRO Capital has agreed to acquire Dunlop Aircraft Tyres Ltd. ABN AMRO Capital will take a majority stake in the business with 74.6% ownership. The transaction is expected to complete in June subject to customary approvals. Royal Bank of Scotland...
UK - 3i in talks with Keepmoat regarding possible £800m buyout
3i is reported to be in talks with social housing builders and repairers Keepmoat about a possible £800m buyout. The Doncaster-based business recently appointed Deloitte to consider its options. Bridgepoint is also expected to show interest in the company,...
FRANCE - Argos Soditic backs MBI of Chronolyss
Argos Soditic has backed the management buy-in of Chronolyss, a company providing services to diabetic patients.
UK - HBOS joins 3i and Bridgepoint in race for Erinaceous
Bank of Scotland has joined the race to acquire property services group Erinaceous. The London-listed company has a market capitalisation of approximately £300m. Erinaceous' management are reported to be looking to delist it with 3i and Bridgepoint already...
IRELAND - Alchemy to delist Calyx from AIM in £70.2m deal
Alchemy Partners is to delist business technology support provider Calyx from AIM in a £70.2m deal. The deal is being undertaken by Alchemy-owned vehicle Stornaway which to date holds a 59% stake in Calyx. Anglo Irish Bank is providing debt facilities...
SPAIN - Valcapital takes 30% stake in Domélite
Private equity firm Valcapital has taken a minority stake via a capital increase in Domélite, a company specialised in remote control systems for domestic use. It is understood that the deal is worth around EUR 300,000.
FRANCE - Implanet Partners receives EUR 13m from Franco-German syndicate
Bordeaux-based medical technology start-up Implanet has received EUR 13m from a syndicate led by Auriga Partners, Edmond de Rothschild Investment Partners and Wellington Partners.
HUNGARY - KBC invests in Grafika Press
KBC Private Equity has acquired a minority shareholding in Hungarian printing company Grafika Press. Additionally, the financial investor provided Grafika with a mezzanine facility to finance the acquisition of assets from another Hungarian printing company...
GERMANY - 3i floats SFC Smart Fuel Cell
3i has floated its portfolio company SFC Smart Fuel Cell on the Prime Standard in Frankfurt. A total of 2,395,275 shares were placed at an issue price of EUR 37. The total placement comprises 1,317,990 shares from a capital increase and 726,073 shares...
UK - Permira portfolio company acquires Hayley Conference Centres from 3i
3i has exited Hayley Conference Centres in a £385m deal which sees Permira-backed Principal Hotels acquire the nine-strong conference centre chain. 3i acquired Hayley Conference Centres in a £180m secondary buyout from Legal and General Ventures in...
ITALY - MPS Venture supports recovery of Arquati
MPS Venture has taken a 15% stake via a capital increase in Arquati SpA, a group specialised in the design and manufacture of picture frame moulding and products for the window covering industry.
UK - August Equity exits InterMed in £27.5m sale to Altaris
August Equity has completed the sale of InterMed Holdings Ltd, a UK manufacturer of anaesthesia equipment, to Altaris Capital Partners for £27.5m. The purchaser is a New York-based private equity firm focused exclusively on the healthcare industry.
SWEDEN - EQT sells the remaining 15.9% shares in Symrise AG
EQT III has sold its remaining stake in Symrise AG. It used Deutsche Bank as placing agent.
UK - Alchemy in exit from ICS Triplex
Alchemy has agreed to sell portfolio company ICS Triplex to Rockwell European Holdings Ltd for £105m. The sale of the process control systems service company follows Alchemy's disposal of another part of the ICS business in 2005 when it sold Transmitton...
FRANCE - Cyclopharma raises EUR 8m
Clermont-Ferrand-based Cyclopharma has received EUR 8m from Sofimac, Crédit Agricole Private Equity, Société Générale Capital Partenaires, CHP laboratories, Tikehau Venture and a former Aventis director.
GERMANY - GEKA Brush changes hands
In a secondary transaction Halder, alongside management, has acquired GEKA Brush GmbH from Equita Management for an undisclosed amount.
UK - Ingenious Media Active Capital invests £5.34m in Two Way TV
Ingenious Media Active Capital Ltd (IMAC) has completed an investment of up to £5.34m to acquire Two Way Media Ltd (Two Way TV), a London-based interactive television production company. The transaction sees IMAC taking an 84.3% stake in the newco. This...
DENMARK - Carlyle leads consortium to create new city district in Copenhagen
The Carlyle Group and Hoffmann Ejendomme, a Danish property developer, are in the process of aquiring Copenhagen Wholesale Market (Grønttorvet København). The aim is build a new city district in in Copenhagen on the site where the market was previously...
UK - LDC acquires specialist marketing agency from Royal Bank Equity Finance
LDC has acquired specialist entertainment industry marketing agencies Picture Production Company (PPC). Buying in alongside its existing management team, LDC acquired the agency from Royal Bank Equity Finance and private shareholders, David Willing and...
UK - ISIS acquires medicine prescribing software company ScriptSwitch
ISIS Equity Partners has acquired ScriptSwitch, a medicine prescribing software company, in a £9.9m replacement capital transaction. ISIS invested £4.6m from its Baronsmead VCTs. This is ISIS's second deal in as many days following its buyout of the...
FRANCE - AXA Private Equity sells Larivière to SIG
AXA Private Equity has sold roofing products business Larivière to UK-based company SIG, for around EUR 300m.
UK - ISIS backs buyout of Williams Medical Supplies
ISIS Equity Partners has backed the management buyout of medical products distributor Williams Medical Supplies. The buyout of the £47m-turnover company from its retiring founder was supported by debt provided by National Australia Bank.