Support services
ITALY – Intesa Sanpaolo backs outsourcing firm
Imi Investimenti, part of the Intesa Sanpaolo Group, has acquired a 14% stake in outsourcing company Data Service through portfolio company Praxis Calcolo, one of Imi’s portfolio companies.
FRANCE - Demeter et al invest EUR 10m in The Le Floch Group
Demeter Partners, Ouest Croissance and CM-CIC have invested EUR 10m in waste management business The Le Floch Group.
UK - Sovereign portfolio company acquires Intercity Group
Sovereign Capital portfolio company LPM Group, a provider of contract cleaning, security and maintenance services, has acquired InterCity Group Ltd, a supplier of office and industrial cleaning and manned guarding services.
SWEDEN - FSN Capital acquires 65% of battery charger manufacturer
FSN Capital II has acquired 65% of the shares in CTEK/Creater Group, a manufacturer of battery chargers and product consultant, for an undisclosed value. The founder, Bengt Wahlqvist, will retain the balance of the shares.
UK - Inflexion backs buyout of Pims
Inflexion Private Equity has led the management buyout of waste water support services company Pims Group. It acquired the company from Gresham Private Equity who made a 3.4x return from the exit.
FRANCE - CM-CIC Capital Privé backs buyout of EPS
CM-CIC Capital Privé has acquired industrial cleaning company EPS. CM-CIC funded the deal through its FIP Select Paris Rhône 5 and FIP Select France 6 funds.
UK - Graphite portfolio company AMS buys Capital Consulting
Graphite Capital-backed Alexander Mann Solutions (AMS) is buying Capital Consulting, consolidating AMS’ leading position in the European market for recruitment process outsourcing (RPO). AMS is the largest independent provider of RPO solutions to blue-chip...
GERMANY - Waterland sells sds business services for EUR 46m
Waterland Private Equity Investments has sold sds business services GmbH to Affiliated Computer Services (ACS) Inc for EUR 46m, with ACS also assuming liabilities to purchase sds.
UK - Zeus backs £22m+ buyout of networking services supplier
Zeus Private Equity has completed its third deal with the management buyout of networking services supplier Electranet (UK) Ltd. ZPE has invested £6m as part of a funding package worth more than £22m. HSBC provided senior debt and working capital facilities.
GERMANY – Advent International sells SAG to EQT V
Advent International has sold SAG, a European provider of energy-related infrastructure services to utilities, to EQT V, for an undisclosed sum. SAG provides build and maintenance outsourcing services for utilities in their transmission and distribution...
UK - Aberdeen invests additional £2m in Transys
Aberdeen Asset Managers Growth Capital has completed a £2m follow-on investment in Transys Holdings Ltd, a rail maintenance business. Aberdeen originally completed the management buyout of the Birmingham-based company in 2002, investing £1.65m for a...
UK - Sovereign makes Dependable portfolio acquisition
Sovereign Capital has led the acquisition of cleaning company Dependable Services Ltd on behalf of portfolio company London Property Maintenance Ltd (LPM), a provider of contract cleaning security and maintenance services, for an undisclosed sum.
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 £52m 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 £5m 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 £220m 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 £10m 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...