Industrials
Triton and ADIA carve out IFCO in $2.51bn deal
Triton and Abu Dhabi sovereign wealth fund buy IFCO plastic containers business from Brambles
Cairngorm buys Sentry Doors
Deal marks Cairngorm's 18th transaction since July 2016 and its entry into the fire protection sector
LDC sells ATG Access to trade in £22.5m deal
ATG has been sold to Hills & Smith, a FTSE 250 group operating in infrastructure and galvanising
Capvis sells Rena to Equistone
Management team led by CEO Peter Schneidewind will become shareholders alongside Equistone
Syntaxis sells Polflam to Baltisse
Firm's founders Maciej Szamborski and Wojciech Wilczak also make an exit in the sale
Chequers, TCR sell Thermocoax to trade in €158m deal
TCR has been an investor in heating technology specialist Thermocoax since 2000
Convent, Nedvest sell Cirex to trade
US-based Signicast acquires the company to expand its customer base and market penetration in Europe
Idinvest et al. inject €25m in Malt series-B
VCs Serena and Isai re-up, having previously backed the €5m series-A in 2016
Ardian’s Revima completes two bolt-ons
Ardian bought a majority stake in France-based Revima from Argos Wityu last month
OpenGate carves out SMAC from Colas
US-based OpenGate also carved out the silicon carbide division of Saint-Gobain last month
CM-CIC, BPI France back Hardis Group MBO
Up to 30 managers, led by Nicolas Odet and Yvan Coutaz, acquire stakes in Hardis
VC firms back €4m series-A for Kreatize
Fresh capital will be used to expand the platform and improve data evaluation methods
B-to-v holds second close for Industrial Technologies Fund on €80m
Fund held its first close in March 2018 and is expected to have a final close in mid-2019
Sofinnova et al. invest €20m in Afyren
France-based biotech business Afyren plans to commercialise its products in 2020
Panoramic backs management buy-in of PCS
GP is currently investing from its second fund, which writes equity cheques of £1-5m
Azulis buys Helios Group in SBO
GP invests in Helios, a construction and road marking specialist, via Middle Market Fund V
Value Enhancement Partners buys Frimex in SBO
Frimex was acquired by Mentha Capital in 2014 in a carve-out from Dutch firm TBI
Ardian buys Celli from Consilium
Sale ends a six-year holding period for Consilium, which controlled a 70% stake in Celli
Ardian, BPI France sell Ouvêo
Ardian had owned the France-based manufacturer of windows and other joinery since 2012
Baltisse buys House of Talents from Sofindev
Recruitment company House of Talents tripled its revenues under Sofindev's ownership
Eos-backed Poplast bolts on FM Plastic
This is the second bolt-on inked by the business, following the acquisition of Sala in October 2017
Keensight inks first Spanish deal with Asti Mobile Robotics
French GP Keensight enters the Spanish market with a growth capital investment
Progressio backs Gampack
GP intends to support the company in its expansion into new market segments and geographies
Siparex backs Groupe Packing
Siparex uses Siparex Midcap 3 to back the France-based wine packaging specialist