Deals
FRANCE – EdRIP supports duel acquisitions for CEME
Edmond de Rothschild Investment Partners' (EdRIP) portfolio company Compagnie d’Entreprises Mechaniques et Electroniques (CEME), which comprises a number of diverse industrial businesses, has completed the joint acquisitions of air conditioning specialists...
US/SWEDEN - Nordic Capital in $4.1bn buyout of ConvaTec
Nordic Capital Fund VII and New York-based private equity firm Avista Capital Partners have acquired ConvaTec, a provider of wound therapeutics and ostomy care products, from Bristol-Myers Squibb for $4.1bn. The deal is expected to close in the third...
UK - RJD acquires Comtec
RJD Partners has acquired Comtec, a specialist supplier of software solutions to travel agents, for an undisclosed sum. HSBC provided senior debt for the deal.
ITALY - BS Private Equity exits textile manufacturer
BS Private Equity together with IPEF III and MPS Venture has sold its controlling stake in textile manufacturer Klopman in a deal with an enterprise value of EUR 70m, generating a 3x money multiple for the seller.
SWEDEN – 3i looking to auction off Ambea
According to reports, 3i is in the process of auctioning off its 75% stake in Ambea, a Swedish healthcare provider, for up to EUR 900m. Bidders rumoured to be interest include Doughty Hanson, PAI Partners and Merrill Lynch Private Equity. The Singapore...
GERMANY - Paine & Partners complete acquisition of Stabilus GmbH
Paine & Partners have completed the acquisition of gas springs manufacturer Stabilus GmbH from Montagu Private Equity. The value of the deal was not disclosed but reports indicate that it is worth more than €500m.
UK - Seraphim and Oxford Capital invest £2m in Sirigen
Seraphim Capital and Oxford Capital Partners have invested ТЃ2m in Sirigen, a company that uses light-harvesting polymeric materials in its High Sensitivity Flurescence technology. The technology is used in biological assays with a specific focus on diagnostic...
UK - YFM invests £250,000 in GO-SIM
YFM Venture Finance has invested a further ТЃ250,000 in prepaid global SIM cards provider for mobile phones GO-SIM.
FRANCE – IPO invests in Maisons Socoren
IPO has invested in construction company Maisons Socoren. The investment will be used to consolidate it’s position in the market as well as continue the company’s development program.
SWEDEN - Triton makes SEK 1.5bn bid for listed Cision
Triton, through Swedish holding company Cyril Acquisition AB, has made a public offer of SEK 1.5bn for Cision, a Stockholm based PR, IR and marketing communication and consultancy business. The bid is set to SEK 20 per share, which is a 66% premium compared...
UK - ECI buys ilG Digital
ECI Partners has acquired digital communications agency ilG Digital Ltd in a deal which values the company at around ТЃ45m.
Ready for restructure?
An economic slowdown and tightened liquidity are putting strain on portfolio companies. Private equity houses will need to initiate effective restructuring or see turnaround players and activist investors swoop for distressed assets, writes Nathan Williams...
FRANCE - Oddo AM makes three investments
Oddo Asset Management has made three early-stage investments in eco-innovation companies.
SPAIN – Caixa Catalunya & Polan invest in Innoliva
Caixa Catalunya, (through Invercartera) and Polan, the family office of the Del Pino family, have invested in olive oil producer Innoliva.
GERMANY - ARQUES acquires Carl Froh
ARQUES Industries AG has wholly acquired Carl Froh GmbH, a manufacturer of precising metal pipes, for an undisclosed amount. The company was sold by Finnish Rautaruukki Corporation, based in Helsinki.
ITALY – MPS Venture exits from facility management firm
MPS Venture has announced the sale of its 25 percent stake in facility management firm Manutencoop to Manutencoop Società Cooperativa.
UK - Warburg Pincus acquires Safetykleen for £565m
Warburg Pincus has acquired Safetykleen Europe, a pan-European industrial service provider, a deal worth ТЃ565m. The investor has acquired a majority stake.
GERMANY - EQT Partners sells remaining stake in Togum
EQT Partners has sold its remaining 22.3 percent stake Tognum AG to strategic investor Daimler AG.