Industrials
Avedon sells VanRiet to trade
Sale ends a four-year holding period for Avedon, which acquired the company for approximately €30m
PAI acquires M Group from First Reserve
Acquirer is currently investing from its sixth flagship fund, which writes equity cheques of тЌ100-300m
Investindustrial hits €375m hard-cap for smaller fund
Fund targets lower-mid-market companies with strong internationalisation potential
Lone Star backs €1bn carve-out of Imerys tiles division
Deal, the GP's third since 2016 in the building materials sector, is valued at 9x EBITDA
Lone Star's Evoca bolts on Quality Espresso
Following the acquisition, Evoca plans to expand further in the APAC region and in North America
Paragon buys Inprotec
Selling shareholders Andreas Baranyai and Pierre Schwedtfeger will retain a significant minority
Carlyle in exclusivity for HGH Infrared Systems
GP is to draw equity from its €656m European technology fund to acquire the infrared systems company
Triton makes 5.5x on €527m sale of Aventics
First of two exits in 24 hours, as the GP also announces the sale of social care provider Mehiläinen
Activa's Mecadaq acquires US-based Hirschler Manufacturing
Mecadaq gets additional funding injection from Activa to buy the hard-metal machining business
IGI's Bracchi bolts on Bas Group
Following the acquisition, Bracchi expects to boost its growth and reach a turnover of €130m in 2018
Blue Wolf acquires majority stake in TGW
Deal for the industrial knife producer was made with capital drawn from the GP's $540m fourth fund
Carvest backs MBO of consultancy Algoé
GP Carvest, the PE arm of Crédit Agricole's regional branches, takes over from CIC
Sun European buys ESIM from Ardian
Sale ends a three-year holding period for Ardian, which acquired the company in a complex carve-out
Strategic Value acquires remainder of Vita Group
Debt package to support the transaction was provided by Barclays and NatWest Markets
Bayern Kapital in €5.5m round for ProGlove
Intel Capital and German VC firms Gettylab and DIVC also take part in the financing
Neuberger Berman exits Surgital, Brugola
Neuberger Berman acquired Fondo Italiano's portfolio, which included Surgital and Brugola, last year
EMK's Reconomy in £70.7m refinancing
Company negotiates a more flexible financing structure to provide headroom for acquisitions
Silverfleet buys PE-backed Prefere Resins
Deal is Silverfleet's eighth investment from Silverfleet Capital Partners II, which closed in 2015
I Squared backs carve-out of trailer leasing specialist TIP
Chinese conglomerate HNA Group sells the Netherlands-based trailer leasing business
Adelis sells NGI to trade buyer Habasit
NGI was the first investment in Denmark for Adelis, which acquired the firm in January 2014
Finatem buys Gothaer Fahrzeugtechnik
Fifth investment from the GP's latest buyout fund, Finatem IV, which held a final close in 2014
Waterland buys Heliox
Dutch GP invests via Waterland Private Equity Fund VI, which held a final close in April 2015
PAI and Baring Asia buy WFCI from Greenbriar
PAI drew equity for the deal from its latest buyout fund, PAI Europe VII, which closed on €5bn
Elaghmore acquires McPhee Mixers
Deal for the concrete mixer manufacturer is the fourth investment from the GP's ТЃ60m maiden fund