Deals
GERMANY - 3i sells cleantech company hte AG
3i has agreed to divest its stake in German cleantech company hte AG to BASF. The financial details of the transaction have not been disclosed.
RUSSIA – TPG acquires 50% of SIA for $800m
US fund TPG has invested approximately $800m in Russian drug distributor SIA International in exchange for a 50% stake. TPG acquired the stake from the founder, who holds the balance of the shares.
UK - Finance Cornwall invests in The Natural Fibre Company
Finance Cornwall has invested an undisclosed sum in The Natural Fibre Company, a business that spins organic and natural yarns from wool, mohair and alpaca.
ITALY – Alto Partners in industrial manufacturer exit
Alto Partners have sold engineering firm Metalcastello to Mahindra & Mahindra and ICICI Venture Funds Management in a trade sale estimated at over EUR 100m in enterprise value.
UK - Fidelity sells B&B Electronics
Fidelity Equity Partners has sold portfolio company B&B Electronics, an industrial connectivity products manufacturer, to Graham Partners for an undisclosed sum.
UK - SEP leads funding round in Tideway
Scottish Equity Partners has led a $27m series-c funding round in IT automation provider Tideway.
ITALY – Sigefi invests in shoe manufacturer
Sigefi has acquired a 49.4% stake in shoe manufacturer SCHMID in a management buyout deal. The transaction was carried out through its funds Siparex Midcap and Siparex Italia, which acquired 32.9% and 16.5% of the company respectively.
UK - Active acquires bike store chain
Active Private Equity has acquired FW Evans, owner of the bicycle store chain Evans Cycles. Debt to facilitate the deal was supplied by Lloyds TSB Corporate Markets.
UK - Iceni backs oil & gas HR company
Icenit Capital has acquired Mentor IMC, a specialist human resources provider to the oil and gas industry. A debt facility to support the deal was underwritten by RBS.
UK - AAC acquires Dewhurst
AAC Capital Partners has acquired a significant stake in James Dewhurst, a manufacturer of engineered technical textiles.
UK - Braveheart invests £300k in Conjunct
Braveheart has invested ТЃ300,000 in Conjunct Ltd, a company that specialises in implementing short range optical interconnects using innovative transceivers.
RUSSIA - Three private equity funds acquire Geotek
According to sources, Farallon Capital Management, AIG Private Equity and Black River Asset Management have acquired 20% of Geotek, a Russian holding providing oilfield services.
UK - RJD leads £28m buyout of Stone Group
RJD Partners has lead the ТЃ28m management buyout of Stone Group, an IT provider to the public sector.
UK - Exponent acquires Lowell from Cabot Square
Exponent Private Equity has acquired specialist debt purchasing company Lowell Holdings Ltd from Cabot Square Capital for an undisclosed sum.
UK - RJD leads £20m buyout of Character World
RJD Partners has led the management buyout of licensed character household textiles company Character World.
UK - Bowmark backs Datix buyout
Bowmark Capital has backed the management buyout of healthcare software provider Datix.
UK - LDC buys kidsunlimited from Isis
LDC has invested an undisclosed sum in kidsunlimited, an operator of children's day care nurseries, in a secondary buyout from Isis Equity Partners.
FRANCE – Apax and LBO France back SBO of Maison du Monde
Apax Partners and LBO France have acquired a majority stake in Maison du Monde in a secondary buyout deal. The management will retain around 20% of the equity while original investor Ixen will hold a minority stake. The deal sees Barclays Private Equity,...
UK - KCP invests in Pandora Books
Key Capital Partners has acquired book supplier to schools Pandora Books for an undisclosed sum, alongside the company's managing director.
ITALY - Arca Impresa acquires 40% stake in D'Orsogna Dolciaria
Arca Impresa Gestioni has acquired a 40% stake in D’Orsogna Dolciaria, a manufacturer of ingredients for the food industry acquiring. The deal valued the company at EUR 20m.
NETHERLANDS - Van den Ende & Deitmers invests in Hyves
Van den Ende & Deitmers has acquired a minority stake in Dutch social network Hyves via its fund Crossmedia.
UK - GLE acquires YFM
GLE Group has acquired early stage investment company YFM Group for an undisclosed sum.
UK - CGT changes prompts Towergate sale
Och-Ziff has completed the ТЃ100m acquisition of preference shares in Towergate, the insurance underwriter and broker. The transaction comes on the back of an aborted deal with Candover that would have seen the private equity investor acquire a 20 per...
UK - Milestone buys Coffee Nation
Milestone Capital Partners has led the secondary buyout of Coffee Nation, a self-service coffee provider in a deal reported to be worth around ТЃ25m. RBS provided senior debt and capex facilities and Investec Growth & Acquisition Finance provided ТЃ5.25m...