Turnaround/Special Situations
French turnarounds suffer from narrow GP base
As in most European countries, one could have thought that the morose economic environment would be a boon for French turnaround specialists.
Better Capital buys Everest for £25m
Turnaround specialist Better Capital has acquired a 95% in stake in UK-based home improvement products manufacturer Everest in an all-equity, ТЃ25m transaction.
Turnaround fund Roogreen Ventures launches
Brian Davidson and Warwick Ley have established Roogreen Ventures, which will specialise in capital restructuring and turnarounds.
Butler Capital takes over Anovo
Turnaround specialist Butler Capital has been chosen to take over Anovo, a French provider of after-sales support solutions for high-tech products, from administration.
Sun European takes struggling Alexon private
Sun European Partners has acquired UK-based fashion group Alexon from administrators, following its delisting from the London Stock Exchange.
Simbiosis considers €35m Cacaolat rescue
Simbiosis Venture Capital is considering rescuing Cacaolat, the beleaguered Spanish chocolate shakes-to-biscuits company owned by food group Nueva Rumasa.
Butler-backed Sernam interested in Mory
French industrial delivery services company Sernam, owned by turnaround fund Butler Capital, is reportedly looking to acquire rival Mory.
IDIA and Liberfy acquire 66% of Gyma
IDIA - a Crédit Agricole fund focusing on the agrifood sector - and industrial holding Liberfy have acquired 66% of troubled French food producer Gyma.
Rutland acquires Gems International
Rutland Partners has acquired a majority stake in Belgium-based GEMS International NV, which provides subsea technical analysis and surveying.
Oaktree considers Nueva Rumasa investment
Turnaround fund Oaktree Capital is in negotiations with Spain’s Ruiz-Mateos family about a possible investment in food group Nueva Rumasa.
Luxury brands: Private equity's leadership challenge
Towerbrookтs plan to sell Jimmy Choo this year for an estimated ТЃ500m, more than twice its value three years ago, highlights the significant benefits that can be reaped from investing in the luxury apparel sector. However, the deal also brings to the...
Recovery fund: releasing the shackles of debt
ICGтs new recovery fund specifically supports companies chained down by over-leverage, rather than loss-making businesses that require a complete turnaround. Francinia Protti-Alvarez investigates