Industrials

UK - Partial exit for Candover from Acertec

Acertec starts trading on AIM today allowing Candover to realise part of its investment in the company. Candover participated in the 1999 take-private of the Solihull-based engineering company, investing £60m for a 95% stake. Following the listing it...

GERMANY - Equita makes it three in a week

Equita Management GmbH has made its third investment in a week with the acquisition of Z&J Technologies. The vendor, Hochtemparatur Engineering GmbH (HTE) is a portfolio company of Deutsche Beteiligungs AG. This is the third investment to be made by Equita...

GERMANY - EQUITA acquires Barat Carbide and Barat Ceramics

In a joint deal with the company management, Equita Fonds 3 has acquired Boart Longyear HMSR and Boart Ceramics GmbH. The vendor, Longyear Holdings Inc, is based in Salt Lake City. The two companies, Hard Materials and Softrock Tools (HMSR) and Boart...

UK - New appointments at Livingstone Guarantee

Phillip McCreanor has joined Livingstone Guarantee as a director, having previously led Deloitte’s industrial products team globally and having led transactions for corporate and private equity clients in Europe, the US, the Middle East and Australasia.

UK - Oxford Capital Partners invests in Inetec Ltd

Oxford Capital Partners, the Oxford based venture capital firm focused on science and technology companies, has announced its investment in Inetec Ltd. Inetec Ltd is a developer of waste-to-renewable-energy projects in the industrial food manufacturing...

SPAIN - Buy and build continues with acquisition of Foprar

Qualitas Equity Partners and Lombard Odier Darier Hentsch & Cie Private Equity (LODH) have together acquired 100% of Foprar, a manufacturer of tubes and frames for civil works projects. This follows the acquisition in March of 100% of Pronave Yecla SL,...

FRANCE - Sagard acquires laundry group from Astorg

Sagard has backed the secondary buyout of Régie Linge Développement (RLD) from Astorg Partners. The private equity house has gained an 80% shareholding in France’s third largest professional linen hire, while the management team holds the balance....

ITALY - Investindustrial acquires 65% of Stroili Oro

Investindustrial has led the acquisition of 65% of Stroili Oro, Italy’s leading jewellery retail chain. L-Capital (LVMH Group) and Ergon Capital, former shareholders of Stroili Oro, will retain a 35% shareholding. Following the acquisition, a minority...

FRANCE - Alpha’s fifth fund acquires Mecatherm

Alpha Private Equity Fund 5 has announced its first investment since it closed on EUR 750m in February 2006. The fund has acquired Mecatherm from Astorg Partners, 21 Centrale Partners and Cogepa, alongside its management team. APEF 5 will hold a majority...

GERMANY - Maybach family to return as co-owner of MTU

The EQT IV Fund has invited the Maybach family to reinvest in MTU Friedrichshafen, which was founded by Karl and Wilhelm Maybach in 1909. No financial details of the transaction have been disclosed. EQT has also announced that it has appointed four industrial...

  • DACH
FRANCE - ABN AMRO Capital and Astorg acquire OFIC

ABN AMRO Capital France and Astorg Partners have acquired OFIC for an enterprise value of EUR 210m. The buyout houses have taken equal shareholdings in the company, alongside its management team headed by Jean-Louis Roques. The deal also involves members...