Industrials
Itago exits Altanova to Esco
With this exit, NEIP III reaps a return of 4.5x on its initial investment
HIG buys Travis Perkins' P&H in £325m deal
GP plans to use its experience in specialised distributors to support the plumbing and heating firm
Cinven sells Chryso to Saint-Gobain for €1bn
Sale ends a four-year holding period for Cinven, which acquired the company from LBO France via Cinven VI
Finatem launches Finatem V
Finatem V has a €150m target and will continue the GP's DACH small- and mid-cap focus
IGI buys OME Group
GP invests in the company via IGI Investimenti Sei, which held a €170m final close in July 2020
BaltCap sells Ecoservice to PE-backed Eco Baltia
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m
Lindsay Goldberg sells Schur Flexibles to trade
GP acquired the packaging producer from Capiton in 2016 and will retain a 20% stake in the business
Warburg Pincus, Macquarie invest in Premier Technical Services
Macquarie Capital acquired PTSG in a take-private in 2019 and is reinvesting in the new buyout
KKR buys majority stake in ERM from Omers, AIMCo
Omers Private Equity backed the sustainability consultancy in 2015; the exit is valued at $2.85bn
Oxy Capital backs GPack
Deal includes the restructuring of around €60m in debt and the injection of fresh funds, as well as managerial support
Screen Capital buys machine rental firm Tätab Hyrservice
Deal is in line with a generational change in ownership of Tätab, which was established in 1963
CVC sells AR Packaging to trade for $1.45bn
CVC Capital Partners has signed an agreement to sell portfolio company AR Packaging Group to listed company Graphic Packaging Holding Company for $1.45bn.
Bluefront Equity acquires Norwegian firm Redox
GP is acquiring a 51.8% stake in the company, alongside its management, according to Finansavisen
Chequers Capital to carve out Corning Services
GP plans to assist the telecommunications service with a buy-and-build strategy
HIG acquires majority stake in Infratech Bau
GP intends to support the infrastructure project contractor through organic and acquisitive growth
KPS buys aluminium specialist Metra
GP invests in the business via KPS Special Situations Mid-Cap Fund, which closed on $1bn in October 2019
Sovereign invests in AquaQ Analytics
GP is currently on the road for Sovereign Capital V with a £450-500m target, as reported by Unquote
Gimv buys minority stake in Projective Group
Digitalisation consultancy and recruitment business intends to pursue a buy-and-build strategy
Metrika buys machinery business Robor
This is the second deal made by Metrika I fund, which targets Italian companies generating revenues of €20-100m
Capiton, Nord Holding sell Engelmann Sensor to DPE
Smart meter business is the final portfolio company in Capiton's 2010-vintage fourth fund
Alto-backed CEI buys Lema
Combined group expects to reach revenues of €85m in 2021, with a 20% EBITDA margin
KKR sells minority stake in Hensoldt
Leonardo is to buy the 25.1% stake for €606m; KKR will retain an 18% stake in the sensor developer
DevCo acquires minority stake in Bluefors
GP is deploying equity from DevCo Partners III, which raised €180m at the end of 2019
Finexx buys Volpini Verpackungen
GP also announces it has increased the volume of its Finexx II fund to €30m