Industrials
Baird acquires aircraft components company CAV
Baird partners James Benfield and Dennis Hall will take a seat on the CAV board as part of the deal
HgCapital exits The Parts Alliance in £205m trade sale
Sale delivers a 2x investment multiple and 19% gross IRR after five years of ownership
Afinum sells Alfmeier stake to Elber
Turnover increased by 35% to €269.9m and EBIT quadrupled to €16.9m since Afinum's investment in 2012
Capital Grand Est and Agro Invest back MBI of TSA Inox
TSA's current CEO Eric Vinay will be replaced by Philippe Jeannot but retains a minority shareholding
FII sells Antares back to founders
After five years of PE support, the business reverts to complete control by its founders
Diana Capital buys minority stake in Lappí
Company's chair and sole returning investor, Antonio Lappí Perea, retains a controlling stake
Active Capital takes majority stake in Arnold Suhr
Amsterdam-based GP recently closed its third buyout fund with €45m in commitments
Charme Capital buys Atop
Deal sees the GP purchase a controlling stake alongside listed industrial machinery producer IMA
Axcel begins investing from fifth fund with Nissens buyout
Axcel V is still fundraising and has so far raised тЌ440m against a hard-cap of тЌ600m
YFM invests in TEV management buyout
Deal for air conditioning business is the third investment made by the GP's maiden LP-backed fund
Tikehau inks €60m unitranche for Terratest
Deal is the third transaction in Spain for the French listed asset management firm
Igi, Finint sell Vimec via trade sale
Deal is the first divestment for Igi's vehicle, Igi Investimenti 5, and the third for Finint's NEIP III
Ambienta's Lakesight bolts on Chromasens
Deal is the third bolt-on acquisition for Ambienta's Munich-based buy-and-build platform Lakesight
Sodero Gestion backs MBI of Mobil M
Sodero Gestion invests alongside new company head Mikaël Le Gall and takes a minority stake
Advent in exclusivity over IPH acquisition from PAI
Following the proposed deal, IPH would merge with UK-based Advent portfolio company Brammer
EdRip sells Itesa to CM-CIC Investissements
EdRip had invested in Itesa via the €112m small-cap buyout and growth capital vehicle Cabestan Capital I
Bain's Bravissima fully exits Bravida
Accelerated bookbuilding process saw Bravissima sell its entire 15.48% remaining stake
Equistone sells EuroAvionics to Hensoldt
Hensoldt is concentrated on security and defence aviation and will expand into the civil market
DBAG sells Formel D to 3i
3i will invest up to €247m initially but aims to reduce that to around €150m through co-investment
Abénex invests in Europa Organisation
Events business will look to make bolt-ons and launch new conferences following the deal
Ares sells Hillarys to Hunter Douglas in £300m deal
Vendor had previously taken part in a refinancing for the company and reportedly acquired it in 2016
FSN's Instalco to float with SEK 2.5bn market cap
At completion of the overallotment option, the GP will retain a 19.6% stake in the business
Quadriga sells M&R Automation to PIA
Acquisition will strengthen PIA's portfolio in the powertrain and e-mobility production segment
BayBG takes minority stake in ISOG restructuring
Restructuring plan approved at the start of May means the company will keep its HQ and secure 85 jobs