Industrials
Arx reaps 4.5x on Ergis Eurofilms exit
Arx Equity Partners has divested Polish plastics processor Ergis Eurofilms through a series of block trades to investors on the Warsaw Stock Exchange.
Maven invests £5m into R&M Engineering MBO
Maven Capital Partners has supported the management buyout of R&M Engineering with a £5m investment in return for a majority stake.
Ardian acquires NHV Group
Ardian has acquired a majority stake in Noordzee Helikopters Vlaanderen (NHV) Group, a Belgium-based provider of helicopter transport services.
Carlyle pours $200m into Discover Exploration
Carlyle has invested $200m in Discover Exploration, an oil and gas company led by the former Cove Energy management team.
Finnish Industry Investment et al. back Visedo
Finnish Industry Investment has invested €4m in Visedo, a Finnish developer of electrical drive components, alongside previous backers.
CGS-backed Top-Werk acquires Hess Group
Top-Werk, an industrial machinery business backed by Swiss private equity firm CGS Management, has bought Hess Group.
Onex-backed Tomkins eyes IPO
UK-based components manufacturer Tomkins, backed by Onex Corp and the Canada Pension Plan Investment Board (CPPIB) is considering an IPO.
PE-backed Keymile acquires Hytec Gerätebau
Data transmission system provider Keymile, backed by Halder and The Riverside Company, has bought Hytec Gerätebau, a provider of communication network products.
LPFA makes first direct co-investment with Secured Mail
The London Pension Fund Authority (LPFA) has completed its first direct co-investment, investing in postal operator Secured Mail alongside Adveq and Next Wave Partners.
Activa and Paluel-Marmont back Gaz Européen
Activa Capital and Paluel-Marmont Capital (PMC) have invested in Gaz Européen, a French B2B energy supplier.
HitecVision sells Stream for $260m
HitecVision and Converto Capital have agreed to sell Stream, a Norwegian oil & gas services company, to MRC Global.
Capvis and Partners Group acquire VAT Holding
Swiss private equity firm Capvis Equity Partners and private capital manager Partners Group have jointly acquired vacuum valves manufacturer VAT Holding.
Siparex makes 5x on Manuloc exit
Siparex has sold its stake in French logistics business Manuloc to existing backer CM-CIC Capital Finance after more than 10 years as a minority shareholder.
Kinnevik exits BillerudKorsnäs
Investment AB Kinnevik has sold its stake in renewable packaging material company BillerudKorsnäs 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 Øglænd 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 £90m management buyout of Kee Safety, buying its stake from LDC.