Industrials
ITALY - CAPE reaps 189% IRR from Samia divestment
Cape LIVE has divested chemical manufacturer Samia, reaping a 7.24x money multiple and a 189% IRR.
GERMANY - Capvis acquires BARTEC from Allianz Capital Partners
Capvis has acquired a majority shareholding in safety technology company BARTEC for an undisclosed amount from Allianz Capital Partners, which acquired the company in 2002. The BARTEC management continues to be invested as a minority shareholder.
ITALY - Kohlberg & Co exits Redaelli Tecna
US private equity firm Kohlberg & Company has sold steel cord manufacturer to Russian company Severstal-metiz Group.
UK - Lincoln hires Julian Tunnicliffe
Investment bank Lincoln International has hired Julian Tunnicliffe as managing director specialising in industrials M&A.
Large deals are back in Benelux
Quiet as Benelux appears to be, the summer has not been as calm as one would have expected. The region, characterised by a mid-size market, is now witnessing a revival of large deals
Trade buyers regain lost turf
Private equity houses have had a fleeting supremacy over trade buyers, but with debt now harder to come by, the competition between private equity houses and trade buyers is more balanced
SPAIN - 3i portfolio company acquires Escor
3i-backed industrial and environmental services firm Daorje has wholly acquired waste management business Escor.
FRANCE - Astorg Partners acquires Photonis from AXA Private Equity
Astorg Partners has signed an agreement with AXA Private Equity to acquire a majority stake in IT company Photonis.
Hard landing
The horror stories surrounding the commercial airline industry disguise a thriving sub-sector where opportunities for private equity abound. By Nathan Williams
GERMANY - AURELIUS acquires Berentzen Group
Industrial holding AURELIUS has acquired 75.1% of beverage company Berentzen-Gruppe AG from the family owners, and will make a mandatory takeover offer for the remaining shares.
SWITZERLAND - Capvis to acquire KVT from Kloeckner for EUR 325m
Capvis has agreed to acquire industrial supplier Koenig Verbindungstechnik from steel and metals distributor Kloeckner & Co for EUR 325m.
SWEDEN – Ratos completes SEK 4.3bn sale of Hägglunds Drives
Ratos has agreed to sell engineering business Hägglunds Drives to Bosch Rexroth for approximately SEK 4.3bn, which will give the investor an overall exit gain of about SEK 4.4bn following the SEK 1bn recapitalisation completed in 2006. The sale is subject...
ITALY - Stirling Square backs buyout of Microtecnica
Stirling Square Capital has backed the buyout of Microtecnica, a flight critical aerospace component and sub-system manufacturer, from Hamilton Sundstrand, a subsidiary of United Technologies Corp, for an undisclosed sum.
UK/FRANCE - NBGI launches in Paris
NBGI Private Equity has opened a new office in Paris, which will be headed up by Didier Riebel and Laurent AllУЉgot.
UK - Foresight appoints industrial partner
Foresight Group has appointed Nigel Aitchison as industrial partner.
FRANCE - Garibaldi et al invest EUR 1.2m in Addev
Naxicap Partners, Garibaldi Participations and Midi-Pyrénées Croissance have completed a management buyout of Addev, the holding company of adhesives producer Adhis.
ITALY - Barclays exit industrial manufacturer CEME
Barclays Private Equity has agreed to sell fluid control components producer CEME Group to Investcorp, the global provider and manager of alternative investment products. The current management team will also reinvest in the company.
SWEDEN - Riverside acquires SPX Air Filtration
The Riverside Company, through its Riverside Europe Fund III (REF III), has acquired the Swedish based SPX Air Filtration for an undisclosed sum. A senior debt package was provided by Kaupthing Bank, while Eqvitec supplied a mezzanine tranche to support...