Industrials
Equita acquires MEN Mikro Elektronik
German private equity house Equita has acquired MEN Mikro Elektronik, an embedded electronics manufacturer, in a deal that values the company at €25-50m.
Bridgepoint buys Flexitallic Group from Eurazeo
Bridgepoint has acquired Paris-based sealing solutions business The Flexitallic Group from Eurazeo PME for €450m.
PE-backed Kion Group to list
German forklift manufacturer Kion Group, backed by KKR and Goldman Sachs Capital Partners, is considering an initial public offering, according to reports.
Sun Capital merges five portfolio companies
Sun Capital has announced plans to combine five of its US and European plastic packaging businesses to create Luxembourg-based Exopack Holdings Sarl, the sixth largest company of its kind worldwide.
Electra to reap 15x on Allflex
BC Partners has made a binding offer of $1.3bn to Electra Partners for its French animal tags business Allflex, following an intense auction process that attracted bids from a dozen private equity firms.
Calculus Capital and SAEV invest in Antech
Calculus Capital and Saudi Aramco Energy Ventures (SAEV) have backed UK-based Antech, a developer of directional coiled tubing drilling products and services.
France's Elior and Nord-Est in refinancings
Charterhouse's catering business Elior has tapped into the high-yield market to raise €350m, while Oaktree has been able to reap a dividend by leveraging its investment in packaging company Nord-Est, according to local reports.
Charterhouse buys Armacell for €500m
Charterhouse has agreed to acquire German insulation company Armacell from Investcorp in a €500m secondary buyout.
Herkules's Bandak Group acquires ITM
Herkules Capital portfolio company Bandak Group AS has agreed to acquire IOS Tubular Management AS (ITM) from Breimyra Invest AS.
Zukunftsfonds Heilbronn, HTGF et al. back Compositence
Zukunftsfonds Heilbronn has become the lead investor in German carbon-fibre components company Compositence following a capital increase round that also included fresh investment from High-Tech Gründerfonds (HTGF) and Mittelständische Beteiligungsgesellschaft...
KKR provides debt financing to Spain’s Uralita
KKR Asset Management, KKR‘s sub-investment grade manager, has provided a €320m seven-year facility to Spanish building materials firm Uralita.
Fortis PE and Next Invest sell Arets to Toyo Ink for €10m
Fortis Private Equity and asset manager Next Invest have sold their joint 100% stake in Belgian ink manufacturer Arets International to Japanese ink company Toyo Ink Group for €10m.
Ace Management buys Auvergne Aéronautique group
Ace Management has wholly acquired Slicom Aéronautique, Auvergne Aéronautique Slicom and Casablanca Aéronautique from Slicom International, with a view to turn the businesses around.
H2 Equity Partners sells Sator to LKQ
H2 Equity Partners has sold Dutch portfolio company Sator Holding to UK-based auto parts distributor Euro Car Parts for £176m.
Yellow&Blue et al. back Romo Wind
Yellow&Blue Investment Management, ABB Technology Ventures and b-to-v Partners have invested €4.8m in Swiss wind farm optimisation company Romo Wind, alongside the business's founders.
European Capital makes 1.8x on Scaff'holding exit
European Capital has sold its stake in France-based Scaff'holding for €7.2m, realising a 1.8x money multiple on its investment, representing an IRR of circa 13%.
CVC buys Ista back from Charterhouse
CVC Capital Partners has bought back German metering business Ista, in which it has held a stake since 2003, from Charterhouse Capital Partners for €3.1bn.
Apollo’s Taminco in disappointing stock exchange debut
Shares in Taminco, the Belgian chemical business backed by Apollo, dropped by around 8% to $14.05 yesterday, shortly after the firm listed on the New York Stock Exchange.
Deutsche PE invests growth capital in SLM Solutions
Deutsche Private Equity has completed a growth capital investment in SLM Solutions GmbH.
HitecVision acquires Deep Sea Mooring
HitecVision has acquired Deep Sea Mooring (DSM), a Norwegian niche supplier of services to oil and gas companies.
Cofides commits €5.6m to Grupo Sampol
Spanish investor Cofides has committed €5.6m to Grupo Sampol, a Spanish energy and engineering firm.
HIG Europe's Haltermann acquires Petrochem Carless
HIG Europe portfolio company Haltermann Holding GmbH has acquired Petrochem Carless Holdings Ltd (PCL), a UK-based hydrocarbon chemicals refiner and producer.
Ace Management in €4m round for Ocea
Ace Management has joined existing investor Edmond de Rothcshild Investment Partners (EdRip) in a €4m round for French aluminium boats manufacturer Ocea.
Axa PE sells Aixam Mega to Polaris Industries
Axa Private Equity has exited its majority stake in France-based commercial vehicles manufacturer Aixam Mega in a trade sale to US-based company Polaris Industries Inc.