Ernst & Young
Turnaround deals hit five-year low
Turnaround deals
Warburg Pincus Private Equity XI closes on $11.2bn
Global investor Warburg Pincus has held a final close for Warburg Pincus Private Equity XI on $11.2bn.
TPG-backed retailer Republic enters administration
British clothing retailer Republic, owned by TPG Capital, has appointed Ernst & Young as its administrator.
E&Y: Corporates failing to look at PE as potential buyer
Only 3% of corporates surveyed by Ernst & Young for its latest Global Corporate Divestment Study believe private equity funds to be the most likely acquirer should they divest part of their business.
Lion Capital buys GHD from Montagu
Lion Capital has acquired UK-based professional hair styling brand GHD from Montagu Private Equity for an estimated £300m.
Palatine invests in Chase Templeton
Palatine Private Equity has invested in British private medical insurance broker Chase Templeton.
Capiton buys Kautex Maschinenbau from Steadfast
Capiton AG has acquired German manufacturer Kautex Maschinenbau in an SBO from Steadfast Capital valued at €50-100m.
Encore Capital exits Pro Bike Kit
Encore Capital has sold online cycling retailer Pro Bike Kit (PBK) to e-commerce firm The Hut Group.
CataCap hits first close on DKK 500m
Danish GP CataCap has raised DKK 500m at first close for its maiden buyout fund, which is focused on backing local SMEs.
UK spin-offs are undersold – report
Corporate spin-offs could result in bargains for private equity buyers as many firms selling non-core units are focused on a speedy cash injection rather than long-term strategic objectives, according to research from Ernst & Young.
Headcount and turnover on the rise for French PE-backed businesses
French private equity-backed companies have seen their turnover and headcount grow by 9.1% and 5.2% respectively in 2011, according to a recent study by trade body AFIC and Ernst & Young.
Blackstone and PAI sell United Biscuits' KP Snacks
Intersnack has acquired KP Snacks from The Blackstone Group and PAI partners portfolio company United Biscuits, in a deal reportedly worth around £500m.
MML Capital exits MineTech
MML Capital Partners has sold its 40% stake in UK-based landmine clearance company MineTech to German trade buyer Dynasafe Area Clearance Group, which is backed by Perusa Partners.
Dunedin backs £34.5m MBO of Premier Hytemp
Dunedin has supported the MBO of Scottish oil and gas exploration equipment manufacturer Premier Hytemp from Murray International Holdings.
Dunedin reaps 3x money multiple on etc venues exit
Dunedin Capital Partners has exited UK-based conference and training venues business etc venues in an SBO to Growth Capital Partners (GCP), reaping a 3x money multiple on its original investment.
21 Partners' Almaviva Sante acquires two French clinics
Almaviva Sante, portfolio company of 21 Partners, has acquired French private healthcare clinics Axium and Clinique Toutes Aures.
Alcuin buys TileCo Group from Graphite
Alcuin Capital Partners has backed the management buyout of TileCo Group, a UK-based supplier of tile, mosaic and stone products, from Graphite Capital.
Rutland backs Buy As You View MBO with £33.1m
Rutland Partners has invested £33.1m in British retail and consumer finance business Buy As You View (BAYV), supporting its MBO from a bank syndicate.
Tikehau acquires 51% of Salvepar
Tikehau Participations et Investissements has acquired 51.42% of the capital and voting rights of French investment company Salvepar from Société Générale.
AEA buys NES from Graphite for £234m
AEA Investors has acquired technical recruitment group NES Global Talent from Graphite Capital for £234m.
Lessons from Silicon Wadi
Lessons from Silicon Wadi
TIME backs Transmedia Communications
TIME Equity Partners has invested €6m in Swiss digital media company Transmedia Communications, which operates the iConcerts brand.
Pinova invests in deconta
Pinova Capital has bought a significant minority stake in German decontamination specialist deconta as part of a succession solution for the company.
SIP's PTF Holding acquires Heinz Kehl & Sohn
Silver Investment Partners' (SIP) portfolio company PTF Holding has acquired Heinz Kehl & Sohn, a German manufacturer of turned and milled parts, as part of its buy-and-build strategy.