Industrials
Equita acquires Isolite Holding GmbH
Equita has acquired 100% of Isolite Holding GmbH from a private owner and Cornerstone Capital, which held 40% of the company.
Procuritas buys Waterjet Entreprenad
Procuritas Capital Investors has acquired Swedish provider of hydro demolition, concrete repair and industrial maintenance services, Waterjet Entreprenad.
123Venture and Solairedirect invest €8.5m in EthicOhm
123Venture and Solairedirect have provided their joint venture, solar energy company EthicOhm, with €8.5m of financing.
OpenGate acquires Kotka Mills
Global private equity investor OpenGate Capital has acquired the Kotka Mill division of Finnish wood and paper products manufacturer Stora Enso, for total consideration of up to €24m in cash and earnouts.
PE interested in Evershot
Media reports suggest that CVC Capital Partners and a consortium of Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital have put forward bids in the £2bn auction of HSBC’s UK rail unit Evershot.
Siparex et al in €2m round for Aztec
A group of investors including Rhône-Alpes Création, Expansinvest, Siparex et Haute Savoie Demain have injected €2m in Aztec.
LDC backs United House expansion
Mid-market firm LDC has backed the expansion of United House, the social and private housing specialist.
CAPE-backed Chromavis acquires Durlin France
Cimino e Associati Private Equity (CAPE)-backed B2B cosmetics company Chromavis has wholly acquired Durlin France from de Bergerac NC (which is in turn state-owned via the Societe Nationale des Poudres et Explosives).
Procuritas acquires Gram Equipment AS
Procuritas Capital Investors (PCI) has acquired Danish-based supplier of advanced ice cream machines, Gram Equipment, for an undisclosed sum.
Perusa acquires Kammann out of insolvency
Perusa GmbH has acquired industrial machinery company Kammann from its Perusa Partners I fund.
Primary Capital backs £20m Güralp BIMBO
UK mid-market private equity investor, Primary Capital, has backed the £20m buy-in management buyout (BIMBO) of Güralp Systems - a manufacturer of geophysical instruments and networks.
Permira and GS in talks to sell Cognis for more than €3.5bn
According to reports, Permira and Goldman Sachs (GS) are in talks to sell additives business Cognis and the expected price is said to be above the €3.5bn mark.
Abris Capital to purchase Masterlease Polska
CEE-focused mid-market private equity group Abris Capital Partners is set to acquire Polish auto fleet management business Masterlease Polska for an undisclosed sum.
Viking and Investinor in NOK 86m round for ChapDrive
Viking Venture, Investinor and existing shareholders NorthZone Ventures, Hafslund Venture and Energy Capital Management (Statoil Venture) have participated in a NOK 86m round for wind turbine manufacturer ChapDrive.
The automotive sector: a stable proposition?
The news that beleaguered Stabilus has been taken over by Triton draws attention to the European automotive sector, which, for private equity, remains a dangerous proposition, according to insiders. Mareen Goebel reports.
Triton acquires Stabilus in debt-for-equity swap
Triton has become the new owner of Stabilus GmbH following a debt-for-equity swap.
Proventure et al in NOK 35m funding for Aptomar
Norwegian government-backed venture fund Investinor has contributed NOK 17.5m in a NOK 35m funding round for technology business Aptomar. Also participating were existing backers Statoil Venture and seed fund Proventure SEED.
Energy Ventures in £7.5m round for Red Spider
Energy Ventures and Simmons Parallel Energy have invested £7.5m in Red Spider, a developer of downhole products and services.
YFM exits Sheet Piling
YFM Private Equity has sold its stake in construction business Sheet Piling in a management buy-back deal, generating a return of 3.7x for the private equity firm and an IRR of 20.17%.
Oaktree in talks with TPG over Nordenia
Oaktree Capital is believed to be in talks to sell its portfolio company Nordenia to TPG.
Gimv and Capricorn invest €24m in Punch Powertrain
Gimv and Capricorn have jointly invested €24m in automotive component manufacturer Punch Powertrain.
Sun European bids for Rio Tinto’s Alcan Beauty
Private equity investor Sun European Partners has made a binding offer to acquire Alcan Beauty Packaging from Rio Tinto.
Norvestor invests in Advantec
Norwegian private equity firm Norvestor has invested in oil service company Advantec.
Herkules acquires New Store Europe
Norwegian buyout house Herkules Capital has acquired New Store Europe, a shop interior company.