Industrials
ITALY - Sinergia and Parà announce acquisition of Arquati
The fund Sinergia con Imprenditori, managed by private equity firm Synergo Sgr, and industrial player Parà have jointly acquired 100% of Arquati, a group specialised in picture frame moulding, wood drapery poles and tracks for the window covering industry....
SPAIN - Capital Health starts its activities
Spanish stock market regulator CNMV has recently authorised the launch of the first Spanish private equity firm completely focused on the health sector. Capital Health will back financing rounds between EUR 300,000 and EUR 4m in early-stage businesses...
GERMANY - Raiden Capital acquires KSH Capital Partners
London-based buyout house Raiden Capital Ltd has acquired KSH Capital Partners AG, a sector-specific financial investor based in Hamburg and Lübeck.
GERMANY - Kion Group up for private equity grabs
Private equity consortia are gathering to bid for Kion Group, the newly re-named material handling division of Linde, according to a report in German newspaper FAZ. Allianz Capital Partners and Permira have apparently clubbed together, with Apax and BC...
UK - SiConnect receives £700,000 investment from Esprit
Esprit Capital Partners has led an investment round for SiConnect Ltd. The £700,000 is part of a first tranche of second fundraising which comes from Esprit's Prelude Trust Plc fund and follows earlier investments of £1.3m in March 2006 and £2.8m in...
UK - Gresham appoints new investment executive
Gresham has announced that Simon Hemley has joined the investment team as an investment executive. He will be based in London.
FINLAND - CapMan acquires industrial maintenance from Fortum
Funds managed by CapMan have signed an agreement with Fortum to acquire its industrial services business unit, a provider of industrial maintenance services, for an undisclosed sum.
GERMANY - Financial investor knocked back on first DAX takeover
The first ever DAX-takeover attempt by a private equity bidder has been prematurely knocked back, according to an article in today's Handelsblatt. According to automotive supplier Continental, which has a market capitalisation of EUR 13bn, a tentative...
SWITZERLAND - Precimed Group and Carr Metal Products to unite
Precimed, a technology supplier to the orthopaedic industry, is set to merge with Carr Metal Products, Inc, a sheet metal and thermo-formed plastic tray manufacturer. Precimed is backed by Swiss financial investor BV Group, as well as HBM Bioventures,...
ITALY/US - Texas Pacific Group hires Davide Croff as advisor for Italy
Davide Croff has been hired by Texas Pacific Group (TPG) as a senior advisor for the Italian market.
ITALY - BS Private Equity acquires majority stake in Motovario
BS Private Equity, through its fund BS Investimenti IV, recently acquired a majority stake in Motovario, a manufacturer of power transmission products, from Power Transmission Finance. The consideration has not been disclosed.
SPAIN - 3i divests stake in Kider
3i and minority shareholders have agreed to sell their combined stake of 47.4% in Kider to Caja Navarra for EUR 33.3m. The remaining stake will be held by the company’s management. The deal is part of the bank’s EUR 353m investment strategy, which...
FRANCE - Oxxius receives $10m in second round
Sofinnova Partners has led the $10m second round of funding for the manufacturer of ultracompact lasers, Oxxius. The other contributors in this funding were AXA Private Equity and US-based Sofinnova Ventures.
UK - 3i offloads portfolio of 10 mid-market buyout investments
Saints Capital, in partnership with Lexington Partners and Fortress Investment Group, announced that it has acquired a portfolio of 10 mid-market buyout investments from 3i. The transaction involved privately held industrial companies all based in the...
GERMANY - Auctus Management continues to fill its portfolio
Following a number of transactions this year, including the buyout of Pharmazell and the sale of Time Partner to Investcorp, Auctus Management has made a further acquisition. Alongside Schmack Biogas AG, the investment house has acquired a 70% stake in...
FRANCE - Uniq to sell Saint-Hubert
According to press reports, UK chilled convenience food company Uniq, is planning to sell its butter and margarine business, Saint-Hubert. A range of private equity players and industrial companies have allegedly shown an interest.
SPAIN - 3i acquires shareholding in Sten
3i has agreed to buy a 30% stake in Sistemas Técnicos de Encofrados (STEN) from its founders and majority shareholders. The company develops formwork systems and solutions for construction projects and civil engineering work. The consideration has not...
ITALY - MPS Venture exits Moby and buys into Savino Del Bene
The asset management firm MPS Venture has sold its 3.47% stake in logistics player Moby in a deal worth EUR 6.4m to the Onorato family, which now wholly owns the company.
NETHERLANDS - Apollo acquires TNT logistics division
Express delivery company TNT has signed an agreement to sell its logistics division to Apollo Management. The total value of the transaction is EUR 1.48m on a cash and debt free basis, of which EUR 15m will be received in the form of a 5% equity stake...
UK - Smedvig appoints new associate
Smedvig Capital has announced the appointment of Nicola Lando as a new associate. She joins Smedvig from Mercer Management Consulting.
FINLAND - Sentica buys cleaning solutions business
A fund managed by Sentica Partners has acquired the entire share capital of Finnish industrial cleaning technology supplier Finnsonic Ltd.
UK - Morgan Crucible to be next private equity target?
According to a report in the Financial Times today, the industrial ceramics and defence materials maker Morgan Crucible has disclosed that it has received a takeover approach.
UK - Phoenix acquires NFT Distribution
Phoenix Equity Partners announces that it has reached agreement on the proposed acquisition of the business and assets of NFT Distribution (NFT) from Northern Foods Plc in a £51.2m management buyout. Contracts have been exchanged and completion is expected...
UK - Design LED Products receives Braveheart investment
Braveheart has invested £250,000 in Design LED Products, a spin-out company from the Hillington Innovation Centre, Glasgow, with which Braveheart has strong links. This is the first investment from its Alpha EIS Fund.