Houlihan Lokey
QuattroR backs paper specialist Burgo
Investment includes a €70m capital increase entirely financed by QuattroR that will be used to reduce Burgo's debt
Piper invests £11.5m in Wattbike
Investment is intended to help the business grow in the UK, and expand in the US and Asia
Piper sells Forthglade to IK
IK is currently investing from its IX fund, which closed on €2.85bn in May 2020
Astorg sells Surfaces Group to TA Associates
Sale ends a three-year holding period for Astorg, which acquired a 75% stake in the company from Xenon PE
Houlihan Lokey launches new GP advisory practice
New head Joseph Lombardo has previously worked at Stonyrock, Carlyle, JP Morgan and Morgan Stanley
Huntsworth board accepts £524m offer from CD&R
Takeover offer implies an entry multiple of 10.8x adjusted EBITDA of £48.4m
Vespa Capital closes third flagship fund on £150m
Simmons & Simmons provides legal advice, while Houlihan Lokey acts as placement agent
The Cranemere Group buys Acquabella
GP merges Acquabella with its Polish portfolio company Marmite and creates The Engineered Stone Group
Ergon Capital buys Palex Medical from Corpfin
GP deploys capital from Ergon Capital Partners IV fund, which closed on €580m in March 2019
Warburg Pincus sells Accelya to Vista Equity Partners
First investment made by Vista via its permanent fund, Vista Equity Partners Perennial
Houlihan Lokey acquires Spanish firm Fidentiis Capital
Fidentiis Capital's Carlos Paramés and Juan Luis Muñoz will join Houlihan Lokey as managing directors
Equistone acquires Omnicare
Lincoln International led a sales process for the wholesale anti-cancer pharmaceuticals distributor
Equistone to acquire Heras
Equistone will acquire the property protection company from building materials group CRH
Rubicon sells Farsound Aviation to AGIC for £115m
Aviation-focused supply chain management company was reportedly marketed based on £11.4m EBITDA
BtoV-backed Foodspring sold to trade buyer
US-based trade buyer Mars has acquired a majority stake in the nutrition products manufacturer
Houlihan Lokey appoints Collinson
Collinson joins from William Blair's European consumer and retail investment banking department
Synova reaps 46% IRR on £74.3m Defaqto sale to SimplyBiz
Sale of the financial data firm sees the GP generate a 3.9x return after a four-year holding period
Towerbrook's ICS secures refinancing package
Transaction comes almost five years after the GP acquired the business in an SBO from Blackstone
Co-piloted investments prepared for take off
PE is displaying a growing willingness to invest in minority deals, with some GPs raising dedicated vehicles for the strategy
UK activity taking hit in 2018 despite mid-market resilience
Buyouts valued at more than £500m fell by 56% in aggregate value terms in 2018, and by 43% in terms of volume
Unquote Private Equity Podcast: Minority report
Listen to the latest episode of the Unquote Private Equity Podcast, in which our Precogs envision PE's future of non-controlling stakes
Houlihan Lokey appoints two new managing directors
Christian Keller will be based in Frankfurt, while Ann Sharkey will join the London team
UK sub-£100m buyout volume rebounds
Dealflow for transactions in the lower price range hit a post-crisis quarterly peak in Q3
Houlihan Lokey hires Baird’s Harrison as MD
While at Baird, Harrison worked on a number of high profile deals for PE clients