Carve-out
Limerstone buys Patricia Whites and Country Cousins for £14m
Grant Thornton was engaged to explore an auction process for the assets in December 2019
CVC Credit finances Sun European’s WesCom acquisition
CVC’s European Private Debt business will provide a senior term loan and acquisition facilities
Chequers Capital to carve out EBC from Econocom
Divestment is part of Econocom’s strategy of refocusing its operations on its core business
MBU acquires Union Bank UK
MBU Capital makes direct and venture capital investments on behalf of high-net-worth individuals
CVC carves out D-Marin's Greek, Croatian and UAE businesses
All marinas in Turkey will remain under the ownership of Doğuş Group while managed by D-Marin
Corporate divestments fuel European buyouts
Carve-outs and spin-outs represented around 14% of all buyouts in 2019, up from 11.5% in 2018 and 10% in 2017, according to Unquote Data
Unquote Private Equity Podcast: Craving carve-outs
Listen to the latest episode of the Unquote Private Equity Podcast, where the team discusses corporate carve-outs
PAI-backed Froneri buys Nestlé US ice cream business for $4bn
Nestlé will continue to manage its remaining ice cream operations in Canada, Latin America and Asia
Exponent acquires KPMG pensions advisory
In November 2018, KPMG announced it would no longer provide consultancy work for its audit clients
Arlington Capital acquires Firth Rixson
Arlington typically invests $25-75m in companies with enterprise values of $50-500m
Arlington acquires Doncasters' forging business
Arlington expects to put fresh capital into the business and grow it through acquisitions
Lindsay Goldberg acquires Bilcare Research
GP will pursue a buy-and-build strategy and invest in the company's R&D
Andera carves out Ingenico's health business
Division providing card terminals to pharmacies and hospitals will be rebranded to Olaqin
Mutares acquires Q-Logistics
Listed private equity company Mutares has acquired a division of Austrian Federal Railways
Exponent close to buying KPMG pensions advisory business – report
KPMG has been exploring the potential sale of its pensions advisory business since June 2019