Industrials
Argos Soditic sells Alkan to TCR, IDI
Argos Soditic has sold Groupe Alkan, a French manufacturer of equipment for the aeronautical defence industry, to TCR Capital and IDI.
Norwegian oil & gas industry looks north
New discoveries in the Barents Sea have caused the Norwegian oil & gas market to increasingly look north for new opportunities. Karin Wasteson asks how the private equity industry can benefit from this shift
RCapital invests in ITMsoil
Turnaround house RCapital has invested in instrumentation and monitoring specialist ITMsoil.
Polaris acquires Louis Poulsen Lighting
Polaris Private Equity has agreed to acquire Danish architectural lighting supplier Louis Poulsen Lighting and its subsidiaries from Italy-based Targetti Sankey Group.
LDC unpacks £100m from Benson sale
LDC has sold its stake in packaging company Benson Group for £100m to NYSE-listed Graphic Packaging International.
Wheb makes first investment from new fund
Wheb Partners has completed its maiden investment from Green Growth Fund 2, taking a significant stake in UBC.
Riverside exits Vokes-Air Group
Riverside has divested Swedish air filtration company Vokes-Air Group to German trade buyer Mann+Hummel.
Hellman & Friedman’s GTT launches IPO
Hellman & Friedman-backed Gaz Transport & Technigaz (GTT), a French marine technology and engineering company, plans on raising up to €675m in an IPO on the Euronext Paris.
Omnes divests Melkonian in SBO
Omnes Capital has sold Melkonian Group, a French provider of mining equipment, to BPI France, Amundi Private Equity Funds and Sofipaca.
ICG picks up Equistone’s APEM
Equistone Partners Europe has sold its majority stake in APEM Group to minority shareholder Intermediate Capital Group (ICG).
CM-CIC’s Primus acquired by Alliance Laundry
Belgium-based Primus Laundry Equipment Group, which is backed by CM-CIC Finance, has been acquired by Teachers’ Private Capital-backed US group Alliance Laundry.
Iceni sells Mentor IMC to Vinci for 6x return
Iceni Capital has sold oil & gas recruitment business Mentor IMC to French group Vinci in an all-cash transaction, reaping a 6x multiple.
HTGF invests in WPX Faserkeramik
High-Tech Gründerfonds (HTGF) has invested in metal refining energy efficiency business WPX Faserkeramik.
HitecVision acquires Reef Subsea
HitecVision has acquired the remaining shares in Reef Subsea, a Bergen-based subsea services company.
BPI launches €133m nuclear energy-focused fund
BPI France has officially launched its new fund, Fonds de Développement des Enterprises Nucléaires (FDEN), with €133m in capital.
EQT picks up Færch Plast
EQT has acquired Danish plastic packaging company Færch Plast from Færch Holding.
EdRip's Cetal in OBO
Edmond de Rothschild Investment Partners (EdRip) has taken part in the owner buyout of its portfolio company Cetal, a French manufacturer of heating elements.
Montagu acquires Rexam divisions for $805m
Montagu Private Equity has acquired the healthcare devices and prescription retail divisions of UK consumer packaging company Rexam for $805m in cash.
Ciclad buys Slat from Initiative & Finance
Ciclad has acquired French producer of electrical power supplies Slat in a secondary buyout from Initiative & Finance.
CoBe Capital buys Hatria from Marazzi
CoBe Capital has acquired Italian ceramics company Hatria from Marazzi Group, owned by NYSE-listed Mohawk Industries.
EdRip backs Groupe Gris
Edmond de Rothschild Investment Partners (EdRip) has invested in Groupe Gris, a French manufacturer of mechanical components, alongside historic backer ILP Sadepar.
BaltCap exits Primekss
BaltCap has sold its entire stake in Primekss, a Latvian industrial flooring specialist.
TCR in SET Environnement MBO
TCR Capital has invested in the management buyout of SET Environnement, a French business specialising in asbestos removal.
Cerea and BPI France carve out Chesapeake division
Agribusiness-focused Cerea Partenaire and French state-backed BPI France have acquired the speciality chemical packaging division of Chesapeake.