Industrials
FRANCE - Argos Soditic pilots the BIMBO of ejection device manufacturer
Argos Soditic has acquired Alkan from MBDA France.
GERMANY - Halder exits PRÜM-GARANT Holding
Halder Beteiligungsberatung GmbH has sold PRÜM-GARANT to Swiss industrial company Looser Holding AG for an undisclosed amount. Halder acquired PRÜM-Türenwerk GmbH in August 2004, and merged the company with its other acquisition GARANT Türen- und...
GERMANY - Mauser AG changes hands in EUR 850m transaction
One Equity Partners have sold Mauser AG for EUR 850m to fellow financial investor Dubai International Capital. In May 2003, One Equity Partners had acquired the industrial packaging specialist for an undisclosed amount.
UK - LDC back buyout of MB Aerospace
LDC has backed the management buyout of engineering contractor MB Aerospace Holdings. LDC will own a majority stake in the newco, which has been formed from MB Aerospace and MB Faber, two of the main subsidiaries of 109 year-old generalist engineering...
UK - Aberdeen backs the £6m BIMBO of MSIS
Aberdeen Asset Managers Growth Capital has backed the BIMBO of industrial cleaning company MS Industrial Services Ltd. Aberdeen has invested £2.5m as part of the £6m deal. Aberdeen intends to grow the company from an industrial cleaning and waste disposal...
NL - Dutch House of Representatives questions private equity
Dutch politicians and leading private equity and hedge funds players yesterday convened at a round table conference, organised by the Dutch House of Representatives, to exchange ideas on the influence of hedge funds and private equity on the Dutch economy.
GERMANY - Pace raises EUR 3m
eCapital has led a EUR 3m financing round in high-end engineering software developer Pace GmbH. IBB Beteiligungsgesellschaft and Strategic European Technologies also participated in the round.
UK - Baird generates 2.2x on exit from Specialist Heat Exchangers
Baird Capital Partners Europe has generated 2.2x its money on its exit from Specialist Heat Exchangers Ltd (SHE). The designer and manufacturer of cooling systems for the automotive and industrial sectors has been acquired for £9m by Dynamic Technologies...
UK - NVM acquires Promanex from Sovereign
NVM Private Equity (NVM) has invested £5m in the secondary management buyout of Midlands-based Promanex Group. The deal represents an exit for Sovereign Capital, which backed the company's first buyout in 1999.
UK - Aberdeen leads ID Support Services buyout
Aberdeen Asset Managers Growth Capital has led the management buyout of ID Support Services Ltd (IDSS), a group providing electronic security systems and climate control solutions. IDSS has two divisions, ID Technology Group specialises in the provision...
UK - Alchemy facing legal battle with worker's union
The Transport and General Worker's Union (T&G) has submitted a claim against Alchemy Partners over treatment of staff at plastics firm Storeys Industrial Products in Essex. The T&G claims that Alchemy failed to hold a consultation process on the redundancies...
GERMANY - Equita acquires Stromag group
Equita Management GmbH has acquired the Stromag Group in a management buyout for an undisclosed amount. This represents the fifth investment for the Equita Fonds 3 that closed in November 2005.
FRANCE - Consortium wins Saur exclusivity
A syndicate led by state-backed CDC and including industrial company Séché Environnement and AXA Investment Managers (AXA IM) has won exclusivity in an auction for water business Saur. According to reports in the French press, the price obtained by...
UK - CBPE exits UTI
Close Brothers Private Equity has announced the sale of United Transport International Limited to InterBulk Investments plc for £80m. The transaction is CBPE's third realisation in 5 months, its previous one being the EUR 311m sale of Moody International...
FRANCE - Candidates prepare bids for Saur
LBO France, Terra Firma, AXA Private Equity and Eurazeo are said to mulling bids for water utility company Saur, according to reports in the French press.
FRANCE - Emertec generates at least 88% IRR and >3x on latest sale
Grenoble-based Emertec Gestion has generated an IRR of 88% and a money multiple in excess of 3x, following the sale of Eco Alternative to a large industrial company.
FRANCE - CAPE invests in Environnement Conseil Travaux
Crédit Agricole Private Equity has made a growth capital investment in ECT, a company which stock industrial waste and treats polluted grounds.
SPAIN – ACP leads EUR 2m financing of Buyvip.com
Barcelona-based venture capital investor Active Capital Partners has led a round of funding in Buyvip.com, an e-commerce business offering a range of brand products at discounted prices.
UK - Abderdeen Asset Managers Private Equity backs MBO of EDSR
Aberdeen Asset Managers Private Equity has backed the management buyout of EDSR, a provider of specialist services to the land decontamination sector. EDSR has a turnover of £12m and employs 30 staff.
UK - DLJ Merchant Banking Partners makes new appointments
DLJ Merchant Banking Partners (DLJMBP), the private equity affiliate of Credit Suisse, has appointed Allen M Yurko as an industrial partner. Based in London, he will work with Colin Taylor, managing director and head of DLJMBP Europe.
BELGIUM - Fortis acquires majority stake in automotive supplier Penne
Fortis Private Equity has acquired a majority stake in Penne NV, an Aalst-headquartered automotive supplier.
UK - Atlantic Bridge Ventures leads £265m acquisition of telecom products business
Atlantic Bridge Ventures has led a consortium of private equity buyers in the acquisition of LogicaCMG's Telecoms Products business for a cash consideration of £265m. Telecom Products, to be renamed Acision, is a provider of converged mobile messaging...
SPAIN - Catalan entrepreneurs create new firm
A group of Catalan managers, connected to industrial players Sacresa, Simon and Nutrexpa, have joined forces with Privat Bank to establish two private equity funds with investment capacity of EUR 20m each.
FRANCE - Auriga leads EUR 8.4m second round for Theraptosis
Auriga Partners, Seventure, Edmond de Rothschild Investment Partners, CDC Entreprises and industrial company Blue Medical have committed over EUR 8m in the series-B financing of pharma company Theraptosis.