Carve-out
LDC backs GBP 65m MBO of Texecom
LDC buys the provider of intruder alarm systems from its listed parent Halma
Bain-led consortium enters discussions for Rolls-Royce's ITP unit
Bain-led consortium that includes local player Sener is poised to take over ITP with a EUR 1.6bn bid
PAI buys PepsiCo US juice brands for USD 3.3bn
Deal also includes an irrevocable option to sell certain juice businesses in Europe
Perwyn buys majority stake in JT's IoT division
Jersey Telecom will retain a minority stake in the company, which is valued at ТЃ200m
Paragon acquires KME's Specials business
Paragon Partners will own a 55% in the newly formed entity following the carve-out
Heubach, SK Capital Partners carve out Clariant Pigments
Carve-out values the company at up to CHF 855m with a CHF 50m earn-out component
HIG buys Travis Perkins' P&H in £325m deal
GP plans to use its experience in specialised distributors to support the plumbing and heating firm
Endless's Enact carves out Jost's Edbro
Hydraulic cylinder producer is the third deal of 2021 from the GP's Enact strategy
Chequers Capital to carve out Corning Services
GP plans to assist the telecommunications service with a buy-and-build strategy
Aurelius raises first fund for institutional investors
Investor's тЌ360m fund has an extra capacity of тЌ150m from the GP's listed vehicle and will focus on carve-outs
Klar Partners to acquire ISS Kanal Services
Carve-out is the first DACH-region platform investment from Klar Partners' €600m debut fund
KPS to buy Crown's EMEA tinplate packaging business
European packaging sector buyouts in 2021 already exceed the aggregate value recorded in 2020
Aurelius acquires AutoRestore
Acquisition is intended to complement Aurelius's other portfolio companies in the vehicle fleet services sector
Callista Private Equity acquires Pleiger Thermoplast
Carve-out will see the thermoplastics parts and products producer rebranded as Globus Thermopast
Aurelius buys Panasonic Europe's consumer battery business
Company will operate under a new name but with a production and distribution licence from Panasonic
Aurelius acquires Hüppe
GP expects the shower enclosure producer's future growth to benefit from ongoing consumer trends
Nordic players await distressed carve-out uptick
Carve-out activity in the Nordic region hit a three-year low last year, but was still propped up mainly by corporates divesting healthy assets
Equistone acquires Franke Water Systems
Carve-out comprises kitchen and bathroom fittings businesses Water Systems Commercial Group and KWC
Longship to buy Norwegian company Gexcon
Purchase price could be around тЌ29.2m, according to a local press report
Bain, Cinven to acquire Lonza Specialty Ingredients
Deal values the carve-out of the chemicals company at CHF 4.2bn on 2019 EBITDA of CHF 302m
Advent-backed Cobham sells mission systems business for $2.83bn
Advent acquired Cobham in 2020 for ТЃ4bn, drawing equity from the $17.5bn fund Advent International GPE IX
Fidelium Partners acquires RET
Parent company Reiff Group said in a statement that the sale is part of its ongoing realignment plan
OpenGate to buy Solvay subsidiaries in Europe and US
Solvay sold its Belgium-based strontium carbonate production unit to Latour Capital in November 2020
Evoco carves out six industrial companies from Gesco
GP is deploying equity from its third fund, Evoco TSE III, which held a first close in June 2020 on €93m and is targeting €150m