Carve-out
Latour carves out workwear brands Fristads, Kansas, Leijona
GP is acquiring the companies through its fully owned portfolio company Hultafors Group
Montagu acquires Capita's ESS, invests in ParentPay
Completion of the ESS sale is subject to approval from Capita's shareholders
Endless acquires Party City's international assets for $59m
Amscan, the UK business being sold, will have its management team continue in place
Enterprise Investors to carve out Software Mind from Ailleron
GP will deploy equity from its Polish Enterprise Fund VIII, which held a first and final close on €498m
Gyrus buys LivaNova heart valve business for €60m
Gyrus has also made an offer for the heart valve's French division, but a decision remains to be made
CVC makes €175m offer for Vivartia
Marfin Investment Group, the Greek financial entity, is the vendor of the company
Apse buys TerraQuest for £72m
Apse Capital typically backs European tech-enabled SMEs with an enterprise value of тЌ50-200m
IK Investment carves out Alba from Alba Baving Group
GP is deploying equity from the IK Small Cap II fund, which closed on its hard-cap of €550m in February 2018
Nordic Capital carves out RegTech from BearingPoint
GP followed the company for a long time and entered into exclusive negotiations with BearingPoint a few months ago
Inspirit backs Lloyds Register Group's energy division
Inspirit writes equity cheques of ТЃ2-10m for UK SMEs with revenues greater than ТЃ20m
TDR, private investors to acquire Asda for £6.8bn
Asda was previously in talks with Sainsbury's, which would have paid ТЃ7.3bn for the asset
EQT carves out Natural Colours from Chr Hansen in €800m deal
GP is deploying equity from its latest fund, EQT IX, which will be 15-20% invested following deal completion
PE players await DACH carve-outs uptick
With corporates under pressure due to the coronavirus pandemic, opportunities are likely to open up for sponsors interested in carve-outs
White Park, Navigator Capital carve out Gateway from Gunnebo
Subsidiary has since 2019 generated a loss for Gunnebo
Stanley Capital acquires Noden Pharma DAC
Stanley Capital expects to pursue a buy-and-build strategy with the pharmaceutical company
Cimbria acquires Danish software company APX10
Cimbria Nord buys the two-year-old business from Danish organisation Hedelskabet
Inflexion acquires Rosemont for £156m
Inflexion has worked on a number of other carve-outs, including Ocorian, THE and Marley
Torqx acquires Fabory
Grainger, the vendor of the company, mandated Rothschild to explore a sale process in November 2019
Nordic Capital to acquire financial adviser Max Matthiessen
Insurance broker sells the business six years after acquiring it from Altor
Chequers Capital carves out EBC from Econocom
GP is currently investing its Chequers Capital XVII fund, which closed on €1.1bn in May 2017
Delays in cross-border carve-outs add hefty surcharge – report
An average 16% of deal value drains away when processes over-run for more than four months, according to a recent TMF report
Callista acquires ETM from BOS
Callista intends to continue the strategic repositioning of ETM and to expand its customer base
Chiltern acquires Doby Verrolec
Chiltern is an evergreen investor that provides equity cheques of ТЃ3-15m of equity
Limerstone buys Patricia Whites and Country Cousins for £14m
Grant Thornton was engaged to explore an auction process for the assets in December 2019