Industrials
UK - Gresham scoops 4x on Warings exit
Gresham Private Equity has scooped returns of 4x from the sale of building contractor Warings. The Portsmouth-based business has been acquired by French Group, Bouygues Construction. Gresham invested £3m to support the £12m management buyout of Warings...
ITALY – Cape Live invests EUR 4.98m in Area Impianti
Cape Listed Investment Vehicle in Equity (Cape Live) has committed EUR 4.98m to environmental company Area Impianti. The deal sees Cape Live take a 10.9% stake in the company.
SWEDEN - Credit squeeze threatens EUR 6bn Vin & Sprit sale
The sale of Vin & Sprit, owner of the Absolut vodka brand, by the Swedish government might be delayed due to current conditions in the credit market. Vin & Sprit is one of six companies which the Swedish government is planning to sell over the next few...
ITALY – Arca Impresa transfers control of Cemp to Indian company
Arca Impressa has transferred 100% of its stake in Cemp to ABG Engineering & Constructions in a deal based on the EUR 27m company value. The company is backed by Indian GP Tano Capital.
FRANCE - CAPE backs MBO of Groupe Pommier
Crédit Agricole Private Equity (CAPE) has completed the management buyout of industrial machinery business Groupe Pommier.
UK - CBPE sells Fishers to BOSIF for £40m
Close Brothers Private Equity (CBPE) has sold linen service business Fisher Holdings for £40m to its management. The Fisher management team is being supported by Bank of Scotland Integrated Finance. CBPE achieved a money multiple of 2.9x on its original...
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 £945m. 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...
SPAIN - SGECR invests EUR 2.23m in industrial player
Sociedad Gestión de Capital Riesgo del País Vasco (SGECR), the private equity agency of the Basque Country, has invested EUR 2.23m in industrial group Metalúrgica Santa Engracia (Metagra).The investment was made via SGECR's fund Suztapen.
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.
UK - Key Capital Partners completes first deal
Key Capital Partners has completed its first investment from its maiden fund. KCP invested £4.3m to acquire a significant minority stake in Birmingham-based recruitment company Templine Recruitment Ltd. Yorkshire Bank provided senior debt and working...
FRANCE - OFI Private Equity Capital creates Transatlantic industrial sealing business
After backing the secondary buyout of Houston-headquartered Flexitallic from US private equity firm Cravey Green and Whalen, OFI Pivate Equity Capital (OFI PEC), intends to merge the entity with its French protfolio company Siem Supramite.
ITALY - Alto Partners sells 30% of its management company
Mid-market firm Alto Partners has sold a minority stake of around 30% of its share capital to a group of new strategic shareholders, including industrial groups, family offices and entrepreneurs.
UK - Nova completes £75m acquisition of international laboratory group
Nova Capital Management has completed the £75m acquisition of international laboratory group Barloworld Scientific Laboratory Group (BSLG) from Barloworld Ltd, a South African-listed industrial company.
CEE - Europa Capital sells City Point Distribution Park to Morley for EUR 71.6m
Europa Capital has sold City Point Distribution Park to Morley's Central European Industrial Fund (CEIF) for EUR 71.6m.
SWEDEN - Segulah floats HMS
Segulah has listed HMS Networks, a Swedish industrial communication company, on the OMX Nordic Exchange for SEK 74 per share. The investor will sold down its shareholding at the time of the listing. Shares in HMS started to trade on 19 October. Segulah...