Epiris
The Bolt-Ons Digest - 19 August 2022
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Astorg, Epiris to split Euromoney in two in GBP 1.6bn agreed offer
The deal will see Astorg carve out the Fastmarkets commodity pricing brand, with the remaining business controlled by Epiris funds
Epiris buys Sepura in EUR 159m carve-out deal
UK-based manufacturer of digital walkie-talkies was divested by Chinaтs Hytera Communications
Astorg, Epiris could turn to private debt for Euromoney takeover
Suitors expected to consider bringing in direct lenders for proposed GBP 1.6bn buyout
Epiris acquires Inchcape Shipping Services in SBO
Deal for London-based maritime services provider marks the 10th investment by Epiris Fund II
Epiris sells Saunderson House in £150m trade sale
GP acquired IFG Group in 2019, subsequently splitting it into Saunderson House and James Hay
Epiris buys Sharps from Sun European Partners
Exit comes less than a month after Sun sold bed and mattress retailer Dreams in a $475m trade sale
Bain sells Fedrigoni's security business to Epiris's Portals
Sale comprises Fedrigoni's facilities specialised in the production of security paper for banknotes and documents
Epiris-backed James Hay to take Nucleus private for £145m
James Hay is using financing made up of equity drawn down from the Epiris Funds and debt from Ares
Epiris acquires Casual Dining Group
Epiris commits further resources for assets including Bella Italia, CafУЉ Rouge and Las Iguanas
Epiris exits TI Media in £140m deal
Epiris makes its first realisation from its ТЃ821m vehicle after just two years at the helm of the magazine and digital publisher
Management due diligence: getting under the bonnet
Almost half of PE investors believe external assessments are the most important method for evaluating a management team
Epiris to acquire IFG Group in £206m take-private
Financial services group's adjusted operating profit grew by 18% annually to ТЃ12.4m in 2018
Epiris appoints Macquarie's Xiao as IR associate
New hire leaves her role as senior investment associate in Macquarie's infra and real assets team
Epiris to acquire Diamorph
Deal reportedly values the Swedish precision materials business at SEK 1.4-1.5bn
Electra Private Equity to wind down
Electra sells Photobox for ТЃ98m and will receive ТЃ21m from the Knight Square deal
Epiris holds £821m final close
GP's first fund as an independent manager has surpassed its ТЃ800m target after 18 months on the road
Epiris acquires auction house Bonhams
As part of the deal, Bruno Vinciguerra from Sotheby's will take on the role of executive chair
Epiris appoints Brent as investment manager
Appointment comes shortly after the newly independent GP promoted Wilson and Wood to partners
Epiris promotes Wilson and Wood to partner
Team members have been with the newly independent fund manager for five and six years, respectively
Epiris acquires The Club Company from Lone Star
Deal is the third made by Epiris Fund II and reportedly values the country club chain at around ТЃ100m
Epiris hires 3i's Makani
Makani joins Epiris from private equity investor 3i, where she worked as an analyst
Epiris acquires Portals from De La Rue for £68m
Deal for the substrate manufacturer is the first investment made by the GP as an independent manager
Epiris expands team with Atwal hire
Atwal joins from Bain & Company, prior to which he spent four years at Morgan Stanley