Industrials
3i-backed Element Materials buys MERL
3i portfolio company Element Materials Technology, a materials testing firm, has acquired Materials Engineering Research Laboratory Limited (MERL).
3i secures refinancing for Element Materials Technology
3i-backed Element Materials Technology has secured a $93.25m refinancing package from its existing banking syndicate and two new banks.
Fondo Italiano backs Megadyne
Fondo Italiano di Investimento has invested €20m in Italian belts and pulleys manufacturer Gruppo Megadyne in exchange for a minority stake.
Maven backs four energy services companies
Maven Capital Partners has invested ТЃ5m of mezzanine funding in Scottish SMEs operating in the energy equipment and services sector.
LDC backs MBO of Dale Power Solutions
LDC has invested ТЃ10.5m to back the management buyout of power solutions provider Dale Power Solutions.
Gimv acquires 25% stake in ARS T&TT
Gimv has invested growth capital in Dutch transportation services provider ARS T&TT in exchange for a 25% equity stake.
Equistone sells Kermel to Qualium
Qualium Investissement has acquired a majority stake in French fibre manufacturer Kermel from Equistone Partners Europe, which is understood to have reaped a 2.2x money multiple on the sale.
AXA PE acquires Fives from Charterhouse
AXA Private Equity has backed the management buyout of industrial engineering firm Fives Group in a deal that values the company at around €850m.
Siparex takes 25% stake in Vulcain
Siparex has acquired a minority stake in the owner buyout of French building fixtures manufacturer Vulcain.
MBO Partenaires buys 80% of LMB
MBO Partenaires has taken a majority stake in the management buyout of French aerospace parts supplier LMB.
Perusa buys TLT Group
Perusa has wholy acquired German automotive logistics business Trans-Logo-Tech Group (TLT) via its €207m Perusa Partners Fund II.
Omnes Capital invests in Unafinance MBI
Omnes Capital (formerly Crédit Agricole Private Equity) has backed the management buy-in of French building security company Unafinance.
Oaktree Capital buys Integrated Subsea Services
Oaktree Capital Management has acquired a 62.5% stake in Integrated Subsea Services (ISS), according to reports.
HPE Holland backs Cotesa with €20m
HPE Holland Private Equity has invested €20m in German fibre-reinforced composites manufacturer Cotesa.
Capvis and Partners Group sell Bartec to Charterhouse
Capvis Equity Partners and Partners Group have sold their majority stake in German industrial safety technology provider Bartec to Charterhouse Capital Partners.
Revolymer IPO raises £25m
Revolymer, a British polymer company, has completed an IPO on the AIM market of the London Stock Exchange.
Residex sells Best Fencing Group
Residex has sold its stake in Dutch industrials company Best Fencing Group back to management, according to reports.
Equistone acquires EuroAvionics
Equistone Partners Europe has acquired EuroAvionics Holding, a manufacturer of civil certified systems for the aviation industry, from Varde Investments Ireland.
Riverstone backs Fairfield Energy with $150m
Riverstone Holdings has injected $150m in British oil & gas company Fairfield Energy.
Palero Capital acquires Tesa Bandfix
Luxembourg-based GP Palero Invest has acquired Switzerland-based Tesa Bandfix from its German parent Tesa SE in an all-equity transaction.
BC Partners sells stake in Brenntag for €577.5m
BC Partners and co-investors have sold seven million shares in listed German chemicals company Brenntag, reducing their joint stake to 13.6%.
Rabo Ventures and Value8 invest €4.5m in Ceradis
Rabo Ventures and Value8 have committed €4.5m to a new financing round for Ceradis, a Dutch producer of crop protection products.
Nova Capital Management exits Carbolite
Nova Capital Management has sold Carbolite Holdings to Dutch tech company Verder Group in a deal generating a gross equity return of 3.5x.
Sun Capital acquires Personal Care division
Sun Capital Partners has acquired the cosmetics, toiletries and household care products division of Personal Care from consumer packaging company Rexam for $459m.