Industrials
FRANCE - TowerBrook takes majority interest in engineering specialist
Private equity firm TowerBrook Capital Partners has today announced that funds managed and advised by TowerBrook will acquire a 67% shareholding in French engineering company GSE for an undisclosed sum. This transaction will also allow GSE’s management...
UK - Hg to invest up to £20m in Wind Direct
Hg Capital has agreed to invest up to ТЃ20m in Wind Direct over the next three years. HgCapital is making an initial investment of ТЃ4.6m with an option to invest a further ТЃ15.4m over the next three years.
UK - Darlington wins Rainmaker award
Christopher Darlington of Hawkpoint Partners has won HgCapitalтs Rainmaker of the Year award. During 2005 Darlington completed four deals.
UK - Rutland Trust reports 2005 results
The Rutland Trust has recently announced its results for 2005. The consolidated net asset value per share at 31 December 2005 was 62.2p (1 January 2005: 50.8p), based on net assets of ТЃ121.8m (1 January 2005: ТЃ99.6m). The consolidated results showed...
GERMANY - Financial investor tipped to acquire Tuja Holding
According to press reports the German arm of Barclays Private Equity has agreed to acquire German temping agency Tuja in a secondary transaction. The vendor, Odewald & Compagnie, acquired a majority stake in the company together with the management in...
GERMANY - Financial investors eye European forklift group
According to press reports the world's fifth largest specialist industrial gas supplier, Linde AG, is planning to sell its forklift division in order to focus on its core activities. The sale of Gabelstaplersparte, which is estimated to be valued at more...
GERMANY - Aurelius Group acquires DBT Maschinenfabrik Scharf GmbH
The Aurelius Gruppe has acquired DBT Maschinenfabrik Scharf GmbH from DBT GmbH, a subsidiary of Essen-based RAG AG. RAG is currently taking part in the bidding process for chemicals specialist Degussa. No details of the transaction value have been disclosed....
NORWAY - NeoMed-backed Clavis Pharma appoints new chairman
Clavis Pharma, a portfolio company of NeoMed III, has announced that former Oslo Stock Exchange president, Sven Arild Andersen, has been appointed as chairman of the board of directors. Andersen takes over this position from Tom Pike, who will continue...
THE NETHERLANDS - KKR and CVC close Rotterdam waste management deal
A consortium led by Kohlberg Kravis Roberts & Co. (KKR) and CVC Capital Partners (CVC) today announces that the transfer of 100% of the share capital in AVR for a total enterprise value of EUR 1.4bn from the Municipality of Rotterdam has taken place....
FRANCE - Kayentis raises EUR 2m from XAnge
XAnge has led at EUR 2m first round of funding in the software start-up Kayentis, via its XAnge Capital and XAnge Private Equity funds. Company founder and CEO Philippe Berna, business angels Jean-Louis Moses and Pierre Casse and an industrial player...
FRANCE - Asiatex to take Petitboy out of receivership
Pau’s regulatory court has selected Asiatex to acquire Petitboy from CIC Banque de Vizille and bring the company out of receivership. The children’s clothing company has been held under observation for the past four months. Asiatex has agreed to acquire...
THE NETHERLANDS - 3i sells UTT in reverse takeover
3i has announced the sale of Rotterdam-headquartered United Transport Tankcontainers Holdings BV (UTT), the international tank container operator, to AIM-listed Interbulk Investments Plc in a net EUR 67m reverse takeover deal.
UK - D-Line secures £1.3m from investment syndicate
Newcastle-based DLine Ltd has recently received a ТЃ1.13m cash injection to develop its business. The new capital comes jointly from The North East Co-investment Fund, a ТЃ23m investment fund that invests in high-growth technology focused SMEs, and a...
SPAIN - EIF and CDTI launch new investment programme
The EIF (European Investment Fund) and CDTI (Centro para el Desarrollo Tecnológico Industrial) have today announced the launch of a new type of investment mandate. The programme is the culmination of over a year of collaboration between CDTI and the EIF...
EUROPE - LBO market smashes EUR 100bn barrier
2005 saw further significant growth in the European buyout market with the total value of deals topping EUR 100bn for the first time ever, according to the latest European Buyout Review due to be published in March 2006 by Incisive Media in association...
THE NETHERLANDS - Advent opens shop in Amsterdam
Advent International, the global private equity firm, today announced the opening of its Amsterdam office. The office will be led by Amsterdam-based Teartse Schaper, who will be supported from London by John Singer, an Advent managing director. The Amsterdam...
GERMANY - Ventizz invests in electronic manufacturing services firm
Ventizz Capital Partners Advisory AG has taken an undisclosed majority interest in AEMtec GmbH through its latest fund, Ventizz Capital Fund III.
GERMANY - Halder exits Konrad Hornschuh AG
Halder has sold its stake in Konrad Hornschuch AG, which it acquired in 2001, to DZ Equity Partner GmbH, Frankfurt, and L-EA Private Equity GmbH, Karlsruhe, via a secondary buyout. The management of Hornschuch will increase its shareholding as a result...
UK - Duke Street Capital buys global engineering firm
Duke Street Capital (DSC) has agreed to acquire Deloro Stellite from Vision Capital for an undisclosed sum.
GERMANY - capiton buys grocery logistics specialist
capiton has invested in the Steco Group as part of an expansion and replacement financing. Steco is a logistics services company, that operates a pool of reusable plastic crates for the grocery industry, mainly used for the transport of fruits and vegetables....
NORWAY - Four Seasons Venture buys back TeamTec
Four Seasons Venture has invested in Norwegian TeamTec AS, a company it divested last summer.
Barclays Private Equity France leads purchase of Amstutz Levin
Barclays Private Equity has led the purchase of Amstutz Levin, located near Belfort (Alsace, France) for an undisclosed amount. The company with a turnover of about EUR 40m is a leading designer and manufacturer of small metal components for the French...
Charterhouse to exit Lucite
Charterhouse intends to exit its investment in Lucite. The private equity house recently mandated Deutsche Bank to handle the sale after receiving unsolicited approaches from trade buyers. The possible value of a sale has been estimated at ТЃ1.4bn, with...
STAR Capital in German double
STAR Capital Partners, the European investment fund focused on investing in capital intensive businesses, has announced the completion on 30th December 2005 of two new deals in Germany: Abellio GmbH and GSES GmbH. The combined equity investment (including...