Deals
Barclays PE and LBO France exit Converteam in $3.2bn trade sale
Barclays Private Equity and LBO France have sold 90% of French power conversion and engineering company Converteam to General Electrics for $3.2bn - around 13x EBITDA.
CVC looking to sell DSI
Private equity firm CVC is in negotiations about the sale of building firm DSI.
Lyceum injects £50m in Access UK
Lyceum Capital has invested £50m in business management and accounting software provider Access UK.
Mercapital puts Gasmedi on the block
Spanish private equity firm Mercapital has hired Goldman Sachs to manage a sales process for its portfolio company, Gasmedi.
Alven and Newfund inject €2.5m into MobPartner
Alven Capital and Newfund Management have invested €2.5m in French mobile marketing company MobPartner.
Segulah sells stake in Exotic Snacks
Segulah has sold its stake in Exotic Snacks AB to a consortium led by the company’s founder Rolf Nilsson and board member Björn Krasse.
Lack of primary deals could hamper DACH growth
In the past year, private equity investment in the DACH region has picked up, but could a lack of primary deal activity from the Mittelstand hamper investment? Diana Petrowicz investigates.
PAI in exclusive talks to buy Kiloutou
PAI partners is set to acquire French construction equipment rental company Kiloutou from Sagard.
Gimv et al. exit Psytechnics
Gimv, New Venture Partners and DFJ Esprit have sold software company Psytechnics to Nasdaq-listed Netscout Systems.
3i sells Pilatus stake to IHAG Holding
3i has sold its stake in Swiss-based aircraft manufacturer Pilatus Flugzeugwerke AG to IHAG Holding.
3i to float Norma Group
3i has announced its plans to list auto parts supplier Norma Group on the Frankfurt stock exchange.
3i looking to offload Azelis
3i has hired Bank of America Merrill Lynch to run the auction process for Belgian chemicals distributor Azelis, according to media reports.
Ratos refinances Arcus
Ratos has completed a NOK 220m refinancing round of Norwegian wine and spirit producer Arcus-Gruppen.
Endless acquires TJ Hughes
Private equity house Endless has acquired TJ Hughes for an undisclosed amount in a secondary buyout from Silverfleet Capital.
Bowmark backs Glenside management buyout
Bowmark Capital has acquired independent neurological rehabilitation centre Glenside.
Montagu acquires Emitel for PLN 1.7bn
Montagu Private Equity has bought Polish terrestrial TV and radio broadcast infrastructure operator Emitel for PLN 1.7bn (€425m) from Telekomunikacja Polska Group.
Oakley Capital invests in Emesa
Private equity firm Oakley Capital has acquired a majority stake in e-commerce business Emesa, providing €11.85m of equity as well as €15.4m senior and mezzanine financing.
Duke Street buys Wagamama from Lion Capital
Duke Street has acquired UK fast-food chain Wagamama from Lion Capital for an undisclosed amount.
HgCapital planning to sell SLV
Private equity house HgCapital is reported to be in negotiations to sell lighting system provider SLV.
Doughty Hanson prepares Avanza for sale
Doughty Hanson has hired investment bank JP Morgan to explore options for a possible exit from bus company Avanza.
Intel Capital et al. invest $5.5m in Total Immersion
A consortium of investors led by Intel Capital has invested $5.5m in French software developer Total Immersion.
Carlyle and Providence considering Com Hem sale
The Carlyle Group and Providence Equity Partners are considering a sale of Swedish cable operator Com Hem, according to reports.
Ludgate also exits agri.capital
Ludgate Environmental Fund - a listed vehicle managed by Ludgate Investments - has fully exited German biogas energy producer agri.capital GmbH, reaping a €16.3m cash return.
Permira hands over Dinosol keys
Lenders who supported Permira’s buyout of Spanish food retailer Dinosol have become majority shareholders in the company in a debt-for-equity swap.