Large-cap buyout
OTPP, KKR to buy Caruna from First Sentier Investors, Omers
Following deal completion, KKR and Ontario Teachers' will each own 40% in the company, followed by AMF Pension with 12.5%, and Elo Mutual Pension Insurance Company with 7.5%.
CVC Capital Partners buys Stark Group from Lone Star
GP paid around €2.5bn for the company, deploying equity from CVC Capital Partners VII
FSN to acquire 45% stake in Obton
GP is reportedly paying €403m for its stake, corresponding to a valuation of 25x profit for 2019
Silverlake buys Groupe Meilleurtaux from Goldman Sachs
UK-based GP reportedly paid €700m for its stake in the financial services company
Nordic Capital buys Siteimprove in first deal for latest fund
Nordic Capital X held a first close on €5bn last month, and is now closing in on its €5.75bn hard-cap
Advent International acquires stakes in Hermes UK and Germany
GP reportedly pays €1bn for the two stakes in the parcel delivery firm
Advent acquires Evonik's methacrylates business for €3bn
GSO offered bidders a unitranche of €1.5bn and Barclays offered an all-loan structure of €1.25bn
Star Capital acquires ASL Aviation Holdings
Star Capital plans to wholly acquire ASL, which has been profitable every year since inception
Cerberus and Centerbridge offer €600m for NordLB
Firms will each pay half the offer price in a bid for a minority stake in the German lender
Record number of French SBOs and mega-deals in H1 2018
France's year is going from good to great as new figures from Unquote Data show buyout volumes reaching their highest level for a decade
Permira exceeds €7.25bn hard-cap on latest buyout fund
Permira VI held a final close in January 2017 after 11 months on the road
Southern Europe leads renaissance of billion-euro club
Dealflow in the €1bn+ buyout segment reached an eight-year high across Europe in the 12 months to Q2 2016
Cinven's sixth buyout fund holds final close on €7bn
Vehicle will make €150-600m investments across Europe, the US and Asia
EQT backs Nordic Aviation Capital in $3.3bn deal
EQT invests via Fund VI
Aggressive debt structures filter down from large- to mid-market
Debt landscape is rapidly changing, according to Marlborough Partners' latest report
Large-cap activity gaining momentum in Q2
Welcome uptick at larger end of market, both for new deals and exits
Triton Partners seals €1.075bn Befesa deal
Triton Partners has agreed to wholly acquire Spanish industrial waste management firm Befesa for €1.075bn.
Cinven tops up fifth buyout fund to €5.3bn
Cinven has held another final close on its fifth European buyout fund on €5.3bn.
Holding periods stretching amid tough exit environment
Holding periods
Large-cap market awakens after tepid Q1
European buyouts valued in excess of €500m have been conspicuous in their absence in the first quarter following a flurry at the tail-end of 2012 – but recent weeks have shown signs of a revival.
Springer Science sale back on
Germany could be home to another mega-buyout this year following news that EQT is in renewed talks with private equity investors over a potential sale of German publishing business Springer Science.
Germany: large-cap deals on the rise
CVC’s €3.1bn buy-back of German metering business Ista this month has sparked speculation about a revival of Germany’s large-cap market.
Marks & Spencer circled by Qatar-led consortium
Iconic British retailer Marks & Spencer could be the target of an £8bn takeover by a Qatar Investment Authority-led consortium, which could also include private equity players such as CVC, according to reports.
