HSBC
YFM exits Naylor Industries
YFM Equity Partners has sold UK-based manufacturer of building materials Naylor Industries back to its management, reaping a 2x money multiple on its original investment.
Maven backs Merson Signs
Maven Capital Partners has backed commercial signage manufacturer Merson Signs Ltd with a £900,000 mezzanine investment.
CVC buys Cerved from Bain Capital and Clessidra for €1.13bn
CVC Capital Partners has acquired Italian business intelligence provider Cerved from Bain Capital and Clessidra for €1.13bn.
GCS Capital buys Dexia Asset Management
Hong Kong-based GCS Capital has acquired Dexia Asset Management (DAM) from its parent company Dexia SA.
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.
GTCR acquires Premium Credit
Chicago-based GTCR has acquired UK payment facilitation company Premium Credit from MBNA Europe for £900m.
LGV buys Air Energi from Palatine
LGV Capital has completed the secondary buyout of energy consultancy Air Energi Group from Palatine Private Equity.
LDC's A-Gas buys US-based Coolgas
LDC-backed A-Gas International has bought Coolgas, a US-based refrigeration supplier and distributor.
ECI-backed Fourth buys Adaco
ECI Partners portfolio company Fourth, a software-as-a-service (SaaS) provider targeting the hospitality sector, has acquired Adaco, a global supplier of SaaS to the hotel sector.
Leveraged finance “at tipping point”
Royal Bank of Scotland, Lloyds TSB, Barclays, HSBC – all names that can be seen on high streets across Britain. From credit cards to mortgages to investment banking and acquisition finance, these powerful institutions once had the UK’s credit market...
Inflexion backs MBO of CTC Aviation
Inflexion Private Equity has backed the management team of British aviation training services company CTC Aviation in acquiring the business.
Bridgepoint's LGC receives additional £80m from lenders
Forensics and scientific testing company LGC, owned by Bridgepoint, has raised £80m of additional capital from a consortium of lenders.
ICG backs Symington’s in SBO
Intermediate Capital Group has invested in the secondary buyout of convenience food producer Symington’s from Bridgepoint Capital.
HSBC sells remaining Montagu stake
HSBC has sold its remaining 19.9% stake in Montagu Private Equity to the management team, which spun the business out in 2003.
Duke Street leads £37.5m SBO of LM Funerals
Duke Street, Babson Capital Europe and Metric Capital Partners have acquired LM Funerals from Sovereign Capital.
August Equity's Active Assistance Group buys Communicare
August Equity's portfolio company Active Assistance has acquired British care service provider Communicare.
PE-owned SPIE in €375m high-yield refinancing
French engineering group SPIE, acquired by a consortium of private equity houses last year, has priced a €375m high-yield bond to refinance the debt structure put in place at the time of the buyout, according to reports.
Cinven and Warburg Pincus-backed Ziggo files for IPO
Dutch cable operator Ziggo will list on the NYSE Euronext in Amsterdam, backed by shareholders Cinven and Warburg Pincus.
Cinven snaps up ICG's CPA Global in SBO
Cinven has agreed to acquire intellectual property specialists CPA Global from Intermediate Capital Group (ICG) and Electra Private Equity in a secondary buyout thought to be worth around $1bn.
BDC joins LDC in Evander
Bridgepoint Development Capital (BDC) has joined LDC to provide a growth capital investment for Evander Glazing & Locks, a UK-based emergency response and repair provider of locks and glazing.
Sagard to buy Eurodough for €115m
Sagard Private Equity has entered exclusive negotiations with Sara Lee for the €115m purchase of French chilled dough producer Eurodough.
August backs Advanced Vetcare-Rowe buy-and-build
August Equity has invested in a buy-and-build platform with veterinary services businesses Advanced Vetcare and Rowe Veterinary Group to merge. The Enterprise Value of the deal was around £35m.
Battery-backed Vero buys Planit
Vero Software, a portfolio company of US-based VC Battery Ventures, has acquired UK-based software business Planit Holdings from August Equity.
Lyceum Capital buys Adapt for £30m
Lyceum Capital has acquired IT service provider Adapt for £30m.