Industrials
UK - 3i announces team to address quoted market opportunity
3i Group Plc has created a new team to address opportunities for creating value in the European quoted markets, which may not be suited to an all cash take private transaction. This dedicated team will draw on 3i’s experience of both private equity...
FRANCE - Chevrillon and IDI buy insurer from Barclays PE and AXA
Chevrillon & Associés and IDI have each acquired 40% of insurer Albingia, while management retained a 20% stake. The vendors, Baclays Private Equity (Barclays PE) and insurance group AXA, have sold their entire stake after a Rothschild-run auction which...
GERMANY - HC Starck sells for EUR 1.2bn
Financial investors Advent International and Carlyle Group have acquired H C Starck from German chemicals and pharmaceuticals group Bayer for EUR 1.2bn. Swiss bank UBS ran the limited auction process, which had attracted trade as well as financial buyers....
ITALY - Blackstone eyes Italian industrial giants
Reports in the Italian press suggest that US firm Blackstone is ready to invest in Telecom Italia and its TIM mobile unit, as well as assets belonging to electricity provider Enel SpA. Rumour has it that Blackstone's president Tony James will partner...
FRANCE - EdRIP invests EUR 10m in Groupe Sibille
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 10m in industrial group Sibille, a manufacturer of electrical and automobile renovation equipment.
UK - New recruit joins MSIF’s venture fund
Merseyside Special Investment Fund (MSIF)has appointed Jon Wormald as investment manager for its £40m venture fund. Wormald joins the fund from PricewaterhouseCoopers where he spent six years working in audit and transaction services in the entertainment,...
FRANCE - Doughty Hanson acquires French concrete specialist
In its second deal in France, Doughty Hanson has backed the secondary buyout of KP1, an Avignon-based manufacturer of concrete products for the construction industry.
FINLAND - CapMan appoints new advisers
CapMan has announced that Erik Prydz Mathisen, Terje Thon, Barbara Thoralfsen and Rune Thoralfsen from Norway and Jari Pasanen from Finland have been invited to join CapMan as industrial advisers as of November 2006. The new industrial advisers will complement...
UK - Close Growth Capital appoints Justin Slabbert as associate
Close Growth Capital (CGC) has appointed Justin Slabbert as an associate. Slabbert joins CGC from Bearing Power, a multi-national industrial distribution company where he was director for business development. He previously worked in the private equity...
FRANCE - Royal Dutch Shell considers French disposals
Oil giant Royal Dutch Shell is said to be considering selling its French refineries.
SPAIN - A good year for private equity in the Basque Country
The Sociedad de Gestión de Capital Riesgo del País Vasco, entity managing the private equity activities in the Basque country, is forecasted to end the year of 2006 with investments in 15 companies, totalling EUR 11m. The entity was launched in 1985...
SPAIN - 3i director joins Magnum Industrial Partners
Inaki Echave has left 3i's London office to join Magnum Industrial Partners, a Spanish buyout firm recently launched by ex Santander Angel Corcostegui. The firm has begun the fundraising for its first fund, capped at EUR 750m. Echave's work at 3i included...
GERMANY - KKR and Goldman Sachs acquire Kion forklift unit
Kohlberg Kravis Roberts and Goldman Sachs Group's private-equity unit have signed an agreement to acquire the Kion forklift unit of Wiesbaden-based Linde Group, the world's largest maker of industrial gases, for EUR 4bn. The sale is subject to regulatory...
NL- TNT completes sale of logistics division to Apollo Management
Dutch express delivery company TNT has completed the sale of its logistics division to Apollo Management. The total value of the transaction is EUR 1.48bn on a cash and debt free basis, of which EUR 15m has been received in the form of a 5% equity stake...
FRANCE - BNP Paribas Développement leads the buyout of Dufieux Industrie
BNP Paribas Développement has backed the buyout of Dufieux Industrie, a Grenoble-based industrial supplier for the aeronautical sector.
FRANCE - IPO leads AltéAd buyout
IPO, Synergie Finance and Ouest Croissanec have invested EUR 6m of equity, half of which in convertible bonds, in industrial machinery transportation and maintenance business AltéAd.
SWEDEN - FSV aquires 15 unlisted holdings from Småföretagsinvest
FSV V, managed by Four Seasons Venture, has acquired 15 unlisted holdings from Småföretagsinvest AB. The newly-acquired portfolio is industrial focused, including, Caretech, Copiax, Nimo-Verken, Klippan Automotive and Segre. The portfolio’s 2005 aggregate...
UK - Morgan Crucible talks falter, again
In the summer industrial ceramics and defence material maker Morgan Crucible was reported to have received a take-over approach from German trade buyer SGL Carbone. This news was followed by reports that Credit Suisse's private equity arm DLJ Merchant...
SPAIN - Avanza attracts private equity interest
Several private equity firms and industrial players are interested in acquiring transport group Avanza. It is rumoured that Dougthy Hanson, Advent International and Apax Partners are among the possible private equity bidders. One of the prospective purchasers...
NL - ING to sell speciality insurance unit to Hal and Egeria
ING Group has announced that it intends to sell its speciality insurance unit Nationale Borg to HAL Investments and Egeria as part of its strategy to focus on its core insurance, banking and asset management businesses. The intended sale is subject to...
UK - CBPE sells Minova for £357m
Close Brothers Private Equity has sold speciality chemicals manufacturer Minova for £357m to Orica Ltd, an Australian quoted company. Minova's products are used in the coal mining, metal mining and tunnelling industries.
NORWAY - CapMan to make voluntary offer for Polimoon
CapMan funds intend to put forward a voluntary offer to purchase all shares outstanding in Oslo Stock Exchange-listed Polimoon ASA for a total equity valuation of NOK 1.082bn. The offer price is NOK 27.50 per share.
ITALY - TLcom Capital realises investment in Netscalibur Italia
London-based venture capital fund TLcom Capital announced today that it has agreed to sell 100% of Netscalibur Italia to Infracom, a Milan-based private industrial group active in the telecommunications, information technology and mobility businesses....
HUNGARY - Permira to acquire BorsodChem Nyrt
Permira has made a public purchase offer for all registered shares in BorsodChem Nyrt, which values Borsod's equity at approximately EUR 850m. The offer price per share is HUF 3,000 and is being made by First Chemical Holding Vagyonkezelö Kft, a holding...