Chequers Capital
The Bolt-Ons Digest – 17 April 2023
Unquoteтs selection of the latest add-ons with Triton's BFC Group, Seven2's Groupe Crystal, Palatine's FourNet and more
Chequers Capital-backed Riri Group to come to market
GP acquired the Switzerland-headuartered zipper and button manufacturer in a EUR 230m deal in 2018
Green Arrow sells Somacis Graphic in SBO to Chequers
Sale of Italian printed circuit boards marks second exit of Milan-based GP’s Fund 3
NB Renaissance, Chequers to exit Biolchim to trade
US conglomerate J.M. Huber has agreed to buy the Italian specialty fertilizers producer
Chequers weighs sale of textile chemicals maker Bozzetto
Sponsor will be advised by Lazard on the upcoming auction for the Italian producer of polymers and resins
LGT's Batisanté draws interest from multiple sponsors in hotly contested sale
GPs including Chequers, Equistone, IK, Latour and Naxicap are circling the LGT-backed firm
Doxx to collect initial bids amid fierce midmarket sponsor interest
German digital healthcare staffing specialist has attracted GPs such as IK, DPE, Ardian, Chequers, Triton, PAI, Equistone, Rivean Capital
Siparex admits Chequers, three others to next round for Plurima
Clessidra, Armonia, PAI and Ardian are no longer involved, sources say
21 Invest admits four to next round of Carton Pack sale
Sponsors still in the mix include White Bridge and Alvarez & Marsal Private Equity
Carton Pack attracts Chequers, Clessidra, A&M Capital Europe
21 Invest has hired Vitale&Co and William Blair to guide it in the sale
Lampa attracts interest from L Catterton, Chequers
Milan-based firm adviser Vitale is assisting owner Cronos Capital Partners on a potential exit
Chequers Capital to carve out Corning Services
GP plans to assist the telecommunications service with a buy-and-build strategy
Activa sells Alliance Etiquettes to Chequers
Activa reinvests in the business in exchange for a minority stake, via its ACF IV fund
Chequers, Paragon to acquire Silverfleet's 7days
Sale process for the medical workwear company saw interest from FSN and Gilde, Mergermarket reported
Chequers Capital carves out EBC from Econocom
GP is currently investing its Chequers Capital XVII fund, which closed on €1.1bn in May 2017
Chequers Capital to carve out EBC from Econocom
Divestment is part of Econocom’s strategy of refocusing its operations on its core business
Chequers Capital buys air conditioning specialist MTA
Management team reinvests alongside the GP and retains a minority stake in the business
Ambienta buys Phoenix Group
GP acquires a majority stake in the business from Chequers Capital, which bought the company in 2016
Chequers, TCR sell Thermocoax to trade in €158m deal
TCR has been an investor in heating technology specialist Thermocoax since 2000
Chequers sells Cordenka to new Chinese fund
BMC Europe Fund I was launched earlier this year with $480m, and marks its first deal with Cordenka
Chequers buys Riri from Gilde
Chequers is currently investing from Chequers Capital XVII, which it closed on €1.1bn in May 2017
Chequers, IGI PE sell Rollon Group to trade
Business was first backed by PE houses in 2010, when Ardian took a 51.8% stake at a €48.9m EV
Advent buys Deutsche Fachpflege from Chequers
Current management team will retain a stake in the new company and remain in their positions
Ardian sells Serma Group back to Chequers
Chequers previously owned the French electronic technology company, having previously owned a stake in it between 2011-2015