France
EUROPE – Kenneth Leet to lead European Investment Team of Cerberus
Cerberus Capital Management has announced that Kenneth H M Leet has joined Cerberus European Capital Advisors as president. Leetтs previous positions include an 18-year tenure as partner in the investment banking division at Goldman Sachs.
FRANCE - Cinven, Texas Pacific, Spectrum and Goldman Sachs sell Eutelsat shares
Cinven, Texas Pacific Group, Spectrum Equity Investors and Goldman Sachs have sold their entire stake in Eutelsat Communications, the world's third largest satellite services provider listed on Euronext Paris' compartment A, in two simultaneous sales....
GERMANY/FRANCE – Lafarge roofing unit sells for EUR 2.4bn
PAI Partners have acquired the roofing business of French cement giant Lafarge SA for EUR 2.4bn. The enterprise value for the acquisition consists of EUR 1.96bn of net equity and EUR 420m of debt and pension liabilities. JP Morgan and Rothschild co-arranged...
FRANCE – Gilde acquires Groupe Novasep
Gilde Buy Out Partners and Banexi Capital Partenaires have acquired Group Novasep for EUR 425m from Rockwood Holding. The financial investors take a 72% stake with management holding the balance. The transaction is subject to approvals by relevant competition...
FRANCE - MBO Partenaires invests in real estate intermediary
MBO Partenaires has taken a 40% stake in Le Partenaire Européen, a company which acts as a contact point between buyers and sellers of real-estate.
FRANCE - Unither's secondary buyout generates 4.25x money multiple for SG Capital Europe
SG Capital Europe has achieved a money multiple in excess of 4x and an IRR of almost 26% on the sale of dose vials manufacturer Unither to ING Parcom.
FRANCE - Chevrillon and IDI buy insurer from Barclays PE and AXA
Chevrillon & Associés and IDI have each acquired 40% of insurer Albingia, while management retained a 20% stake. The vendors, Baclays Private Equity (Barclays PE) and insurance group AXA, have sold their entire stake after a Rothschild-run auction which...
FRANCE - OTC AM invests in picture certification software CodaSystem
OTC Asset Management has contributed EUR 1.7m in a EUR 2m second round of funding for digital photography certification company CodaSystem. The additional EUR 300,000 was invested by Cap Décisif, which had already injected EUR 500,000 in 2005.
FRANCE - Eurazeo will float Fraikin on Euronext Paris
Eurazeo has finally opted for a flotation of Fraikin on the Paris market, according to press reports.
FRANCE - EdRIP invests EUR 10m in Groupe Sibille
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 10m in industrial group Sibille, a manufacturer of electrical and automobile renovation equipment.
FRANCE - Pascal Noguera joins Astorg Partners' investment board
French mid-cap buyout firm Astorg Partners has nominated Pascal Noguera as associate.
FRANCE - Doughty Hanson acquires French concrete specialist
In its second deal in France, Doughty Hanson has backed the secondary buyout of KP1, an Avignon-based manufacturer of concrete products for the construction industry.
FRANCE - EdRIP appoints life science partner and recruits three staff
Paris-based Edmond de Rothschild Investment Partners (EdRIP) has recruited three additional staff and secured a new venture partnership. Olivier Litzka has been appointed as co-director of the life science team, while Laurent Toutois and Sophie Nordmann...
FRANCE - Eurazeo interest boosts Eutelsat share price
Satellite communications business Eutelsat's share price is soaring following an admission by the company's CEO that he had been approached by potential investors. Independently, Eurazeo issued a press release in which the buyout house expressed its interest...
FRANCE - Royal Dutch Shell considers French disposals
Oil giant Royal Dutch Shell is said to be considering selling its French refineries.
FRANCE - Seloger.com announes IPO
Online housing agency Seloger has announced it will launch an IPO on Euronext's compartment B.
FRANCE - Siparex backs the buyouts of two contruction suppliers
Sigefi Private Equity (of the Siparex group) has backed the buyout of siding and roofing steel accessories manufacturer Comat, and of pre-insulated pipes maker Solice.
FRANCE - LFPI backs the management buy-in of Holtex
LFPI has taken an 85% stake in medical equipment company Holtex, via its fund LFPI Croissance. LCL underwrote the senior debt package.
FRANCE - Truffle Venture hires fresh talent
Paris-based Truffle Venture has recruited an energy specialist and a new financial controller.
FRANCE - AXA Private equity wins Keolis exclusivity
Following a UBS-run limited auction, France's state rail group SNCF has selected AXA Private equity to buy 55% of public transport management company Keolis.
FRANCE - Barclays Private Equity profits from 21 Centrale's withdrawal from Apem
21 Centrale Partners has withdrawn its offer to acquire electrical switch maker Apem, citing concerns stemming from due diligence work.
FRANCE - Fund-of-funds provider Fondinvest spins-off from CDC
Fondinvest Capital, an asset management firm created in 1994 by Caisse des Dépôts et Consignations (CDC), has spun off.
FRANCE - Europcar makes EUR 670m acquisition
Car rental business Europcar, one of Eurazeo's portfolio companies, has acquired US-based Vanguard's European operations for EUR 670m. The price represents 12.7x the company's 2006 EBIT before synergies.
FRANCE - French government to allocate additional EUR 2bn to benefit SMEs
The French government will invest an additional EUR 2bn in funds-of-funds, to help the development of the country's fast-growing SMEs.