Support services
CEE - 3TS invests in Romanian Romprest Services
3TS has acquired a 30% stake in Romprest Services SA, the Romanian cleaning and facilities management group. The investment was made from the 3TS Central European Fund II in which 3i is the sole investor.
PORTUGAL - Inter Risco establishes outsourcing business
Alongside a group of investors, private equity firm Inter-Risco purchased a stake in Accountec, a newly-established company which will operate in the business process outsorcing sector. The total transaction value is EUR 4.5m and the backers will leverage...
UK - LDC backs £52m buyout of Emprise
LDC has backed the ТЃ52m management buyout of Emprise, a national provider of outsourced facilities services. Royal Bank of Scotland provided debt to support the deal, which represents a partial exit for RJD Partners, formerly Royal London Private Equity....
LUXEMBOURG - 3i invests EUR 37m in outsourcing business
3i Growth Capital has invested EUR 37m for a minority stake in KNEIP Communication, the Luxembourg-based outsourcing partner to the investment fund industry.
UK - NVM acquires Promanex from Sovereign
NVM Private Equity (NVM) has invested ТЃ5m in the secondary management buyout of Midlands-based Promanex Group. The deal represents an exit for Sovereign Capital, which backed the company's first buyout in 1999.
UK - Exponent backs buyout of marine services provider V.Holdings
Exponent Private Equity has supported the management buyout of V.Holdings, a marine services provider and international provider of energy outsourcing solutions. Close Brothers Private Equity, an investor since 2003, has reinvested some of the proceeds...
UK - Sovereign Capital creates enlarged social housing maintenance company
Sovereign Capital has acquired Hudson Engineering Services Ltd. Hudson, a provider of gas, fabric and electrical maintenance services to homes owned by local authorities and the Ministry of Defence, will be merged with two other portfolio companies in...
UK - Oak Hill to acquire United Utilities' outsourcing business
A private equity consortium headed up by Oak Hill, the US group, is to acquire the United Utilities' business outsourcing division, Vertex. The ТЃ220m deal follows United Utilities decision to sell Vertex due to falling profits within the division.
UK - Sovereign Capital begins 2007 with three deals
Sovereign Capital has begun 2007 by announcing the completion of three platform investments, two of which are support services businesses. The first was the ТЃ10m BIMBO of London Property Maintenance Ltd, a Kent-based provider of contract cleaning, security...
UK - Enterprise receives approach from unknown private equity company
A company which provides outsourced planned and reactive maintenance services to utility companies and local authorities, Enterprise, has received a takeover approach from an unknown private equity company.
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.
UK - Launch of private equity marketing consultancy
Emma Payne has launched a marketing consultancy, EVP Marketing, providing services to private equity firms, their portfolio companies and their service providers. Having worked in all three areas, Emma spotted a huge opportunity for outsourced marketing...
UK - Bhargava heads 3i's new focus on outsourcing
3i has appointed Akshaya Bhargava to head up its new focus on the global business process outsourcing (BPO) market.
UK - Coalfields Enterprise Fund invests in Durham Pipeline Technology
The Coalfields Enterprise Fund, the venture capital fund managed by Enterprise Ventures on behalf of the Office of the Deputy Prime Minister, has completed an investment in Durham Pipeline Technology Ltd, as part of a syndicated investment with the North...
UK - Bridgepoint sells Hydrex for £106m
Hydrex Group, the specialist supplier of mobile operated equipment and associated support services for the UK rail and materials handling sector, has been sold by Bridgepoint to Quilvest and Shoaibi Group in a transaction totalling ТЃ106m.