Industrials
Kinnevik exits BillerudKorsnäs
Investment AB Kinnevik has sold its stake in renewable packaging material company BillerudKorsnУЄs to a number of Swedish institutions for SEK 3.7bn.
Deal in Focus: Astorg to buy Kerneos for €600m
The background work has finally paid off for Astorg Partners: after looking at a raft of deals in the past 12 months to no avail, the French GP has entered exclusive negotiations to acquire chemicals company Kerneos for €600m.
ICG refinances capiton's nora systems
Intermediate Capital Group (ICG) has refinanced nora systems, a building material manufacturer backed by private equity house capiton.
TCR acquires GEC in MBI
TCR Capital has acquired Générale d’Etanchéité et de Couverture Ile-de-France (GEC) in a management buy-in, bringing in Jean-Christophe Blot to succeed the company’s current president.
Carlyle's Applus one step closer to IPO
Spanish industrial testing company Applus, backed by Carlyle and Investindustrial, is understood to have appointed Morgan Stanley and UBS to run its IPO.
Sherpa Capital buys Bolfor
Sherpa Capital has acquired flexible packaging firm Bolfor with the intention to merge it with current portfolio company Polibol.
KKR's ATU in debt-for-equity swap
The creditors of KKR-backed car servicing chain Auto-Teile-Unger (ATU) have reduced the company's debt burden by €600m in exchange for equity.
Astorg to buy Kerneos from Materis for €600m
French GP Astorg Partners has entered exclusive negotiations to acquire chemicals company Kerneos from Wendel-owned Materis for €600m.
TA Associates acquires Cmosis
TA Associates has acquired Cmosis, a Belgian supplier of CMOS image sensors, from venture capital firms PMV and Capital-E.
Segulah acquires Øglænd Industrier for near NOK 1bn
Segulah has agreed to acquire УglУІnd Industrier, a Norwegian provider of support solutions for the oil & gas industry, for close to NOK 1bn.
Dunedin unlocks £90m Kee Safety deal
UK mid-market firm Dunedin has backed the ТЃ90m management buyout of Kee Safety, buying its stake from LDC.
HitecVision backs Vryhof Anchors
HitecVision has acquired 71.3% of Vryhof Anchors, a Netherlands-based provider of drag anchors used in the offshore oil & gas industry.
Privet reaps 20x on £22m Thermal Engineering sale
Turnaround specialist Privet Capital has sold Thermal Engineering to trade buyer Senior for ТЃ22m, generating a 20x return.
Deal in focus: Ardian and Consilium sell Rollon
In mid-November, after almost a year of negotiations, Ardian and Consilium sold Rollon, an Italian manufacturer of liner rails and actuators, to French GP Chequers Capital and Italian investor IGI.
Sofinnova leads £15m round for Green Biologics
Sofinnova Partners has led a ТЃ15.4m series-B funding round for Green Biologics, a UK-based chemicals producer, alongside Hong Kong-based Swire Pacific and several existing investors.
NPM buys Dieseko from Greenfield
NPM Capital has bought a 65% stake in Dutch foundation equipment manufacturer Dieseko Group, allowing Greenfield Capital Partners to fully exit the business.
Ergon's Nicotra Gebhardt buys Industrie CBI
Nicotra Gebhardt, a centrifugal fan maker backed by Ergon Capital Partners, has acquired Italian industrial fan producer Industrie CBI.
Sofinnova leads £2.4m round for CelluComp
Sofinnova Partners has led a ТЃ2.4m funding round for CelluComp, a Scottish sustainable materials company, with participation from the Scottish Investment Bank (SIB).
Deal in focus: Seafort buys three firms from Auctus
Newly founded private equity house Seafort Advisers has kicked things off with a hat-trick of secondary buyouts from Auctus Capital Partners via a dedicated vehicle.
Deal in focus: Northstar's Graphene Materials lists on AIM
Venture-backed Applied Graphene Materials (AGM), a mass-producer of new wonder material graphene т which is set to revolutionise the technology, medical, aerospace and even condom markets т has listed on AIM.
Weinberg's Alliance Automotive in high-yield refinancing
Alliance Automotive, a French portfolio company of Weinberg Capital Partners (WCP), has issued a €185m private high-yield bond.
Riverstone's Hestya to take Hes Beheer private
Riverstone Europe-owned Hestya Energy has entered exclusive negotiations with Dutch stevedoring and inland shipping group Hes Beheer regarding a potential take-private deal.
Warwick Audio secures £1.25m
UK-based loudspeaker developer Warwick Audio Technologies has secured ТЃ1.25m from a consortium including Midven, Mercia Fund Management (MFM) and Finance Wales.
VR Equitypartner and SüdBG buy Duo Plast
VR Equitypartner and Süd Beteiligungen (SüdBG) have jointly acquired packaging manufacturer Duo Plast from its founder.