Industrials
Astorg to sell Flowbird to Searchlight
Astorg bought the urban transportation and parking service (then known as Parkeon) for EUR 450m in 2016
LDC backs GBP 65m MBO of Texecom
LDC buys the provider of intruder alarm systems from its listed parent Halma
Lonsdale scores fourth exit of 2021 with Cross Rental Services sale
Sale of CRS is the GP's seventh exit since inception, and its fourth this year
Pamplona to acquire Pelsis from LDC
LDC backed the management buyout of Pelsis from US-based GP Wind Point Partners in 2017
Bain-led consortium enters discussions for Rolls-Royce's ITP unit
Bain-led consortium that includes local player Sener is poised to take over ITP with a EUR 1.6bn bid
PAI acquires Scrigno from Clessidra
Deal is the fourth inked by PAI's new Mid-Market Fund, closed on EUR 920m in March
Ambienta sells Calucem to Cementos Molins in EUR 150m deal
Calucem reports a turnover of EUR 58m, with an EBITDA of EUR 16m
PAI explores Refresco exit
Paris-based private equity firm is exploring options around a dual-track process
Bridgepoint explores Anaveo exit, initial bids due imminently
Financial sponsors showing preliminary interest include 3i, PAI and Motion Equity Partners
Allego to go public via merger with Apollo-sponsored Spac
Transaction values Allego at a pro forma equity value of USD 3.14bn, including a USD 150m PIPE
Mandarin Capital mandates advisers for Italcer sale
Sale will kick off later in the year, targeting both private equity firms and industry players
Bregal acquires Advent-backed Laird Thermal Systems
Advent acquired LTS's parent company Laird in a GBP 1.2bn take-private in 2018
Bayer ESP eyed by Bain, Cinven ahead of post-summer sale launch
Bayer could expect to fetch in excess of EUR 2bn for ESP, two sources say
IGI to assess strategic options for Nuovaplast
Manufacturer of PET preforms Nuovaplast attracted unsolicited approaches by European industry players
KKR readies German auto parts maker Tekfor for September sale
KKR attempted to exit Tekfor around two years ago in a sale process that was ultimately inconclusive
Ardian buys stake in Nova Reperta
Investment in the management consultancy is Ardian Growth's first investment in Belgium
Keensight exits Asti Mobile Robotics to trade
GP bought a stake in the autonomous mobile robots developer in 2019 via its 2014-vintage fourth fund
Equistone acquires GSCM Group
GP has previous experience in the modular construction sector with Oikos Group
IK buys Blanchon from Abénex
First investment made from IK Small Cap III Fund, which closed in April 2021 on EUR 1.2bn
Sponsors in race for Laird Thermal Systems
Sale of the German business is moving into an interim round with confirmatory bids due 21 July
Sun European invests in Sports & Leisure Group
GPP buys a majority stake in the artificial turf business, headquartered in Belgium
Triton sells Polygon to AEA for 5.3x money invested
Secondary buyout of the building maintenance business ends a holding period of more than 10 years
Advent sells Allnex to PTTGC International
Trade sale values the Benelux-based coating resins business at EUR 4bn (12x EBITDA)
Stirling Square acquires Sustainable Agro Solutions
GP intends to support the Spain-based biostimulants producer with market consolidation