Industrials
ITALY - Aksia Capital III backs industrial player
Fund Aksia Capital III, closed earlier this week, has purchased a majority stake in Robuschi SpA, a manufacturer of industrial blowers and pumps.
FINLAND - CapMan buys vehicle logistics business
CapMan has purchased a 60% shareholding in John Nurminen Oy’s Vehicle Logistics Unit. John Nurminen Oy will hold 25% of the shares in the newco.
FRANCE - CDC Capital Investissement backs buyout of Plastiques Gosselin
CDC Capital Investissment (CDC CI) and Participex have backed the buyout of medical equipment maker Plastiques Gosselin. Following the deal, which stemmed from a UBS-run auction aimed at both private equity and industrial buyers, CDC CI took a majority...
GERMANY - Baird Capital sells Hahl
Baird Capital Partners Europe has announced the sale of Munderkingen-based Hal to Lenzing Plastics GmbH for an undisclosed amount. The financial investor had acquired Hahl in a management buyout in April 2003 from its US-based parent company.
FINLAND - Industri Kapital buys Moventas from CapMan
Industri Kapital has agreed to buy a majority stake in manufacturer of industrial and wind turbine gears Moventas from CapMan for an undisclosed sum.
UK - Braveheart invests £1m in NiTech Solutions
Braveheart Investment Group has invested approximately £1m in NiTech Solutions Ltd, a spinout company from Heriot Watt University, which has developed a patented mixing technology for process industries. The investment includes monies from the Scottish...
GERMANY - AFINUM exits portfolio to AVIDA
Deutsche unquote" can exclusively report that AFINUM Management has sold a portfolio of four mid-cap companies to AVIDA Group, Düsseldorf, for an undisclosed amount. The sale means a full exit of AFINUM’s portfolio companies Holmer Maschinenbau GmbH,...
FRANCE - Platina LP takes two thirds of industrial engineer Cira Concept
In a EUR 13m deal, Platina Finance has acquired two thirds of Cira Concept via its fund Platina LP. The transaction was leveraged with a EUR 7m debt underwritten by Société Générale.
ITALY - All eyes on Alitalia
Italian turnaround funds, industrial players and US private equity houses are said to be among the interested parties in troubled airline Alitalia. It is understood that the deadline for the submission of offers is next Monday.
UK - Green Biologics awarded £560,000 to boost ‘Green’ Fuel Development
An Oxfordshire biotechnology company is set to develop a new low-cost ‘next generation’ biofuel, with £250,000 funding from the Department of Trade and Industry’s Technology Programme and £310,000 from shareholder investors and business angels....
SWEDEN - Litorina buys waste management company
Litorina Kapital has acquired Resta, a Stockholm-headquartered waste management company. Following the acquisition, Litorina will own approximately 75% of the company and the founders the remaining 25%.
HUNGARY - Riverside exits Salgglas
The Riverside Company has exited Hungarian manufacturer of safety glass Salgglas to CEE Industrial Holdings Ltd. The sale price has not been disclosed, but the exit generated a 4x cash-on-cash return and a gross IRR of 19%.
GERMANY - bm-t invests in Analytik Jena AG
bm-t beteiligungsmanangement thüringen GmbH has invested EUR 1m in manufacturer of high performance and analytical instruments Analytik Jena AG. Following its investment the venture capitalist will hold a 3% shareholding in the company.
BELGIUM - Barclays Private Equity France acquires Desmet Ballestra
Barclays Private Equity France has acquired a majority stake in Desmet Ballestra, operative in the fields of engineering and supply of plants and equipment for the edible oil industry, the detergent-surfactants and related chemical industry and the oleochemical...
UK - AlixPartners names three new London managing directors
AlixPartners, the international corporate turnaround, performance improvement and financial advisory firm, has promoted three of its London team to the position of managing director: Laura Barlow, Andrew Grantham and David Hutchinson. The three professionals...
UK - LDC backs MBO of Cable Management Group
LDC has backed the management buyout of Cable Management Group (CMG). The investment will support new product development, expansion of export markets and future acquisitions. Headquartered in Coleshill, Birmingham, CMG is the UK market leader in the...
GERMANY – Merck rumoured to sell its Generika division
Chemical-pharmaceutical company Merck is reportedly looking for a buyer of its generic drug manufacturing division, which achieved revenues of around EUR 1.8bn in the last year. It is believed that with this sale Merck would partly finance its recent...
SPAIN - INova Capital backs DC Wafers
INova Capital has announced its invesment in industrial manufacturer DC Wafers. After the investment, completed via a capital increase, the private equity firm will control a 15% stake in the company.
FRANCE - CVC hires industrial expert for its Paris office
CVC Capital Partners has announced the appointment of Patrick Verschelde as industrial partner in Paris.
SWEDEN - EQT V hits EUR 4.25bn
EQT has closed its latest fund on EUR 4.25bn. EQT V attracted 25% of money from the Nordic region, 30% from the UK and Continental Europe, 25% from North America, and the remaining 20% from the rest of the world. New commitments came from Australia, Canada...
GERMANY – European Capital acquires Metall Technologie Holding for EUR 106m
European Capital has acquired the European manufacturer of high-end heat treatment industrial furnaces, Metall Technologie Holding for EUR 106m. Post close, the financial investor will own approximately 83% of the shares with the management team holding...
PORTUGAL - BPI Private Equity backs professional cleaning business
BPI Private Equity has announced the purchase of a 30% shareholding in Grupo Serlima.
FRANCE - Wendel boosts its investment team
Wendel Investissement has hired two additional investment professionals.
SWITZERLAND - Butler carves out Rhodia's European string and fibre operations
Butler Capital Partners has backed the management buyout of chemical specialist Rhodia's European fibre and string business. The buyout house took a 95% equity stake, while management retained the balance.