Secondary buyout
Equistone nears Européenne des Desserts SBO
Equistone Partners is set to acquire French desserts maker Européenne des Desserts from Azulis Capital and Céréa Partenaire, according to reports in the local press.
Nixen Partners et al. acquire Carré Blanc in SBO
Nixen Partners, BPI France and Crédit Agricole Régions Investissement (Carvest) have acquired a majority stake in Groupe Carré Blanc from MML Capital Partners and Qualium Investissement.
EdRCP sells Mediascience to Siparex
Siparex has led a consortium to wholly acquire Mediascience Group from Edmond de Rothschild Capital Partners (EdRCP).
LDC invests in Equiom
LDC has acquired Equiom, an Isle of Man-based provider of fiduciary and administrative services, as part of a secondary management buyout from Isis Equity Partners.
Isatis injects €2.4m into Ispa MBO
Isatis Capital has invested €2.4m in the leveraged management buyout of French project management consultancy Ispa Consulting, in what marks the GP's last deal under the BNP Paribas Private Equity moniker.
Bridgepoint sells Terveystalo to EQT
Bridgepoint has sold Finnish private healthcare provider Terveystalo to EQT for a reported €650m.
Towerbrook takes off with LDC’s AIM Aviation
Towerbrook Capital Partners has acquired aircraft cabin interior designer and manufacturer AIM Aviation from LDC.
Carlyle acquires BTI from Valedo Partners
The Carlyle Group has acquired Swedish subtitling company Broadcast Text International (BTI) from Valedo Partners.
Bridgepoint buys AHT Cooling in €585m SBO
Bridgepoint has acquired AHT Cooling Systems, an Austrian manufacturer of refrigerators, from Quadriga Capital and Partners Group for €585m.
MML backs Tournus Equipement SBO
MML Capital Partners has acquired a stake in Tournus Equipement, a French manufacturer and distributor of stainless steel equipment for professional kitchens, from Qualium Investissement as part of a secondary management buyout.
Bregal buys proAlpha from Beaufort Capital
Bregal Capital has bought a majority stake in excess of 70% in proAlpha, a manufacturer of enterprise-resource-planning (ERP) software.
CVC acquires Domestic & General from Advent
CVC has agreed to buy insurance business Domestic & General (D&G) from Advent International, alongside management.
Caledonia buys Choice Care from Sovereign
Caledonia Investments has acquired UK–based Choice Care Homes from Sovereign Capital for £86m.
Equita sells Karl Eugen Fischer to Equistone
Equita has sold its majority stake in Karl Eugen Fischer (KEF), a German provider of cutting systems for tyres, to fellow private equity house Equistone Partners Europe.
Investcorp buys snack manufacturer Tyrrells for £100m
Investcorp has acquired Tyrrells Potato Crisps, a UK-based manufacturer of crisps and snacks, from Langholm Capital for £100m.
Pamplona set to buy OGF from Astorg
Pamplona Capital Management is set to acquire French funeral services provider OGF from Astorg Partners, a deal reportedly valued at around €900m.
Aheim achieves 2.4x on Aqua Vital exit
Aheim Capital has sold water cooler provider Aqua Vital Quell-und Mineralwasser to fellow German private equity firm Halder, reaping a 2.4x gross money multiple.
Battery Ventures buys IHS from Kings Park Capital
Kings Park Capital has exited German marketing company IHS to a newco backed by Battery Ventures, reaping a 3.8x gross money multiple.
"Pass-the-parcel" deals creep up in H1
Secondary buyouts have accounted for 45% of the overall number of buyouts in the first half of 2013, the highest proportion witnessed since the onset of the financial crisis, according to unquote" data.
EdRip backs DufyElec in SBO
Edmond de Rothschild Investment Partners (EdRip) has acquired a minority stake in DufyElec from the company’s private equity owner Naxicap Partners.
Towerbrook acquires majority stake in Metallum
Towerbrook Capital Partners has acquired a majority stake in Metallum Holding, a Luxembourg-domiciled metal refining and recycling company, from private equity firm Groupe Alpha.
ECI sells CliniSys to Montagu, reaps 2.5x return
ECI Partners has sold CliniSys, a provider of IT systems to the healthcare sector, to Montagu Private Equity, reaping a 2.5x money multiple on its investment.
Nordic Capital exits EG, reaps 4x money
Nordic Capital has agreed to sell Danish IT software and services provider EG to Axcel for €160-170m, reaping a 4x money multiple and a 30% IRR.
Bain to buy Maisons du Monde from Apax, LBO France
Bain Capital has agreed to acquire French home decorations and furniture retail business Maisons du Monde in a secondary buyout understood to be worth around €650m – close to 8x EBITDA.