Industrials
FRANCE - Eras receives backing from Siparex
Siparex has backed the owner buyout of Eras, a design and project management company focused on industrial installations.
AUSTRIA – Siemens Österreich sells VA TECH WABAG to Indian ICICI Venture Funds
Siemens AG Österreich has sold its fully owned subsidiary, VA TECH WABAG Österreich, for an undisclosed sum to the Indian Chemnai-based VA TECH WABAG India Ltd. VA TECH WABAG India is held by Indian private equity house ICICI Venture Funds Management...
FRANCE - LFPI exits recycling business
La Financière Patrimoniale d'Investissement (LFPI) has sold its stake in Bartin Recycling Group, a company which collects, treats and recycles industrial waste, to larger competitor Veolia Propreté.
ITALY - ABN Amro acquires pump manufacturer
ABN Amro Capital has agreed to acquire a majority stake in Finder SpA, a manufacturer of centrifugal and vacuum pumps and filters. The news of the acquisition follows ABN Amro's recent sale of gardening products manufacturer GGP to 3i.
UK - Oak Hill backs £945m SBO of Firth Rixon from Carlyle and Lehman
Oak Hill Capital Partners is backing the secondary management buyout of Firth Rixson Ltd from The Carlyle Group and Lehman Brothers Co-Investment Partners. The deal values the business at ТЃ945m. Firth Rixon is a supplier of highly engineered rings, industrial...
UK - One Equity submits full bid for Jaguar and Land Rover
One Equity, the private equity arm of JP Morgan, is understood to be one of three groups to have submitted a full bid for Jaguar and Land Rover. Ford decided to sell its UK assets - Jaguar and Land Rover - as part of a move to reduce its debt. Ripplewood,...
GERMANY – Dubai International Capital buys Almatis
Dubai International Capital LLC has agreed to acquire specialty alumina producer Almatis from funds controlled by Rhône Capital L.L.C. and Teachers’ Private Capital. Dubai International Capital will retain the current management team and support Almatis’...
ITALY - Consilium acquires valve manufacturer
Shortly after completing its fundraising, SME-focused firm Consilium has acquired Douglas Chero Group, a manufacturer of forged valves for the petrochemical industry. The deal represents an exit for the founding family shareholders.
UK - Endless acquires Lancashire Chemical Works
Endless has acquired Lancashire Chemical Works Ltd (LCW), for an undisclosed sum, in a management buy-in deal led by Richard Sykes. The transaction represents an exit for the family shareholders. Incoming managing director Sykes had been looking at the...
SWEDEN - Segulah sells Callenberg Group
Segulah has sold Callenberg Group, a Swedish marine engineering company, to Norwegian Wilhelmsen Maritime Services Group, which is a part of Wilh. Wilhelmsen, an international maritime industrial group. The financial terms have not been disclosed.