Industrials
Five PE houses circle Armacell
Five private equity firms are said to be circling German insulation business Armacell, a portfolio company of Bahrain-backed buyout firm Investcorp.
Panoramic marks first exit with 120% IRR Solfex sale
Panoramic Growth Equity has sold renewable energy distribution specialist business Solfex Energy Systems to Travis Perkins for more than £30m, according to a source.
Equistone IV to sign ninth deal
Equistone Partners, which has recently closed its Equistone IV fund on €1.5bn, is set to acquire French food machinery business Groupe Brétèche, according to a filing made with the French competition authority.
Siparex et al. take stake in Malherbe SBO
A consortium led by Siparex has backed the tertiary buyout of French transport group Malherbe from Nixen Partners.
YFM exits Naylor Industries
YFM Equity Partners has sold UK-based manufacturer of building materials Naylor Industries back to its management, reaping a 2x money multiple on its original investment.
Nordic's SiC Processing loses half of equity
Nordic Capital-backed SiC Processing GmbH (SiC), a German recycler serving the solar and semiconductor industries, has lost more than half of its equity and has applied for protective shield.
Electra hires Rothschild over Allflex options
Electra Partners has hired Rothschild to advise on the future of animal identification tags business Allflex, according to reports.
Gresham exits 7city Learning
Gresham Private Equity has sold British financial training business 7city Learning to Fitch Group.
European Capital provides acquisition finance to Flexitallic
European Capital has invested $7m in unitranche bonds to provide financing for The Flexitallic Group's acquisition of US-based Custom Rubber Products.
Alliance Entreprendre takes majority stake in Marline
Alliance Entreprendre is believed to have taken a majority stake in the SBO of French motor fuel producer Marline from Initiative & Finance.
Siparex and Somfy buy Sofilab
Siparex and Somfy Participations have taken a majority stake in Groupe Sofilab, a French producer of livestock watering troughs.
CDC leads €10m round for McPhy Energy
CDC Entreprises has invested €5m as part of a €10m round for French hydrogen storage specialist McPhy Energy.
Maven backs Merson Signs
Maven Capital Partners has backed commercial signage manufacturer Merson Signs Ltd with a £900,000 mezzanine investment.
CapHorn Invest backs Exaqtworld with €2m
Venture capital firm CapHorn Invest has invested €2m as part of a €2.7m series-A round for French anti-theft devices developer Exaqtworld.
PE firms eye French gas storage business TIGF
Two bidder groups including AXA Private Equity and CDC Infrastructure have emerged in the sale of Total's gas storage unit Transports Infrastructures Gaz France (TIGF), according to reports.
EdRIP invests in secondary OBO of Itesa
Edmond de Rothschild Investment Partners (EdRIP) has taken a minority stake in the owner buyout of French security equipment distributor Itesa, allowing existing backer MBO Partners to exit the business.
Key Capital et al. back Wells Plastics with £1.5m
Key Capital Partners and current shareholders have injected £1.5m as a follow-on investment in UK plastics specialist Wells Plastics.
Axa PE exits Phönix/Strack Group to Curtiss-Wright
Axa Private Equity has sold its entire stake in German specialist valves provider Phönix/Strack Group to the Curtiss-Wright Corporation for €82m.
Naxicap set for Thermocompact P2P
Naxicap Partners is set to take French metallic surface coating specialist Thermocompact private in a transaction that would value the business at nearly €50m.
Altor increases Åkers Group stake
Altor Equity Partners has increased its stake in Swedish steel and aluminium company Åkers Group.
Axa PE to arrange unitranche for IPH buyout
PAI partners is believed to be looking to raise a €180m unitranche facility from Axa Private Equity to finance its buyout of industrial supplies distribution company IPH.
SK Capital acquires three businesses from Clariant
US-based SK Capital Partners has acquired three businesses from Swiss listed specialty chemicals company Clariant for an equity value of $500m.
Mercapital injects €40m into Betapack group
Spanish GP Mercapital has secured an 80% stake in Spanish plastic caps group Betapack in exchange for a €40m investment.
YFM reaps 5.7x on Winder sale to Enterprise Ventures
YFM Equity Partners has sold Leeds power distribution and generation equipment manufacturer Winder Power in a £6m secondary buyout to Enterprise Ventures.