Portfolio management
SMEs predict tough times ahead
Private equity professionals remain more optimistic about the state of the economy than the owners of the SMEs they are likely to target
CEE - Jordan Company-backed WCT acquires Mediquest
The Jordan Company-backed Worldwide Clinical Trials (WCT) has acquired Eastern European contract research organisation Mediquest.
UK - Octopus-backed AVM acquires Matrix Displays
Octopus-backed Audio Visual Machines Ltd (AVM), a supplier of integrated audio visual and video conferencing systems, has acquired audio visual services provider Matrix Display Systems Ltd in an all cash deal for an undisclosed sum.
SPAIN - Carlyle-backed Applus+ acquires testing and inspection group
Carlyle-backed Applus+ has completed the second bolt-on acquisition since the private equity firm acquired the business; US-based non-destructive testing and inspection (NDTI) firm JanX.
FRANCE - AXA PE portfolio company acquires Dylon
AXA Private Equity portfolio company Spotless group has acquired UK-based company Dylon international limited.
FRANCE - Granville Baird portfolio company makes acquisition
Granville Baird's portfolio company Zarges Tubesca Group has acquired aviation ground equipment company Group Albret. The transaction was financed with a debt-only package.
SPAIN – Candover-backed Parques Reunidos acquires Kennywood
Candover portfolio leisure company Parques Reunidos has acquired US company Kennywood Entertainment, increasing the number of parks it controls to 67.
UK - Sovereign Capital portfolio company acquires Sureway Gas
Sovereign Capital-backed Kinetics Group, a provider of maintenance services to the social housing sector, has acquired heating and plumbing contractor Sureway Gas.
SWEDEN - Segulah portfolio company makes acquisition
Segulah portfolio company Nordform, a supplier of ground and water systems for infrastructure projects, has acquired SKT (Skandinavisk Kommunalteknik AB) for an undisclosed sum.
SPAIN - Sabadell-backed Intermas completes duel acquisitions
Intermas Nets, a plastic mesh manufacturer 20% owned by Aurica XXI, the private equity arm of Banco Sabadell, has completed the acquisitions of Nortène Jardinage France and Nortène Pro, which specialise in meshes for use in the food, gardening and do-it-yourself...
UK - LDC portfolio company acquires Millennium Insurance
LDC-backed Direct Group, an provider of outsourcing services to the insurance industry, has acquired Millennium Insurance, a provider of general insurance solutions, for an undisclosed sum.
SPAIN – Clave Mayor-backed Red Karaoke announces new appointments
Clave Mayor-backed online music platform Red Karaoke has announced the appointment of Justin D. Abbott and Fernando Ara as part of the company’s plan to launch the service in the US.
UK - Sovereign portfolio company acquires Intercity Group
Sovereign Capital portfolio company LPM Group, a provider of contract cleaning, security and maintenance services, has acquired InterCity Group Ltd, a supplier of office and industrial cleaning and manned guarding services.
ITALY – Clessidra-backed Giochi Preziosi acquires British firm
Clessidra-backed Giochi Preziosi has acquired British leisure products distributor La Flair for approximately EUR 11m.
FRANCE –Ten purchase offers for LBO France-backed Cegelec
LBO France has reportedly seen around ten offers for portfolio electrical engineering company Cegelec. Potential trade buyers are said to include BTP, Vinci and Eiffage, while private equity firms rumoured to be interested include PAI, which holds a stake...
SPAIN – CVC-backed paper producer acquires French distributor
Paper producer Torraspapel, part of CVC-controlled Lecta Group, has acquired French paper distributor Secmar.
SPAIN – Permira-backed Dínoslo gets go ahead
Permira portfolio company, commercial distributor Dínoslo, has announced the acquisition of seven supermarkets in the Canary Islands after approval was granted by anti-trust authorities. The deal was originally announced in December last year.
UK - August Equity portfolio company completes acquisitions
August Equity portfolio company Boat International Media Ltd has acquired The Wood Report, a database and information provider for the superyacht industry, for an undisclosed sum. In addition, the company has also acquired the remaining 50% stake in the...
SPAIN – Vista-backed toy manufacturer to loose Disney license
Market rumour suggests that toy manufacturer Famosa, backed by Vista Capital, could loose the license to manufacture toys under the Disney brand. If the reports hold true, the company risks loosing one of its most successful product lines to US toy manufacturer...
SWEDEN - Cinven-backed Coor acquires SAS Facility Management unit
Cinven portfolio company Coor Service Management has acquired SAS Facility Management, which provides property and workplace-related services, from SAS (Scandinavian Airlines) for an undisclosed value.
SPAIN - Candover-backed Parques Reunidos in new acquisition
Candover-backed Parques Reunidos has acquired leisure park Sea Life Park Hawaii following the acquisition of Dolphin Discovery group.
SPAIN – Apax-backed Panrico acquires biscuit manufacturer
Apax-backed Panrico has acquired biscuit manufacturer Artiach, which consists of some 20 Kraft biscuit brands.
ITALY – Advent-backed Venere signs Chinese deal
Advent-backed travel and accommodation operator Venere.com has signed an agreement with Chinese travel group Derbysoft, granting the travel agencies in Derbysoft's portfolio access to the services and offers available through Venere.com.
SPAIN – Carlyle-backed Applus+ to certify helicopters
Carlyle-backed Applus+ will expand its business with its entry into Inaer, a company specialising in the certification of helicopters.