Secondary buyout
Charterhouse and CVC's Ista receives second round bids
Charterhouse and CVC Capital Partners are receiving second round bids for German energy-metering firm Ista, in an auction that could fetch €3bn, according to reports.
Capman sells Cardinal Foods to Capvest and a trade player
Capman has sold its 49% stake in Norwegian poultry and eggs producer Cardinal Foods to London-based private equity firm Capvest following at least two unsuccessful attempts at listing the business.
GCP buys Fishawack for £13m
Growth Capital Partners (GCP) has acquired international medical communications company Fishawack for £13m.
Bridgepoint acquires Oasis Healthcare from Duke Street
Bridgepoint Capital has acquired UK-based private dental healthcare provider Oasis Healthcare in a £185m secondary buyout from Duke Street.
ECI bags Amber Travel in £50m SBO
ECI Partners has acquired rail tour business Amber Travel in a £50m secondary buyout.
KKR close to €650m SMCP deal
US buyout giant KKR is in talks to buy French clothing brands Maje, Sandro and Claudie Pierlot – regrouped under the SMCP holding – for €650m, according to media reports.
Gap narrows between trade sales and SBOs
Trade sales and SBOs have posted remarkably similar figures in the past six months indicating a narrowing of the historic gap between the two types of exit.
Benelux spirits lifted as exits rise
Benelux exits
Fondations Capital buys Mazarine from LBO France
Fondations Capital has acquired French communications agency Mazarine in a secondary buyout from LBO France and 123Venture.
Carvest to buy Rave from Naxicap and Siparex
French transportation services group Rave is reportedly about to be sold by Naxicap and Siparex in a tertiary LBO backed by Carvest.
Naxicap and Siparex buy IPC
Naxicap and Siparex have acquired a majority stake in French cleaning products supplier IPC from Ciclad and private holding MFGI.
CVC, BC Partners to team up for Elior bid
UK-based private equity houses CVC Capital Partners and BC Partners are reportedly planning a €3.5bn bid for French catering company Elior.
Activa Capital sells Logitrade to Soridec et al.
French mid-cap GP Activa Capital has sold outsourcing business Logitrade to regional growth capital specialists Soridec, Sofilaro, Sofipac, Multicroissance and Sopromec.
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.
EQT exits BTX Group to Sun European Partners
EQT has agreed to sell Danish apparel company BTX Group to Sun European Partners.
Cobepa buys Socotec from Qualium
Investment holding Cobepa has acquired a majority stake in French management consulting firm Socotec from Qualium Investissement, alongside private equity investor Five Arrows and management.
SBOs subside in 2012
Following a record 2011, the volume of “pass-the-parcel” deals abated slightly last year – but primary transactions still have a long way to go before returning to their pre-crisis glory.
N+1 buys Probos from Explorer
N+1 Private Equity has acquired Portuguese plastic band manufacturer Probos in a €75m SBO from Explorer.
Capiton buys Kautex Maschinenbau from Steadfast
Capiton AG has acquired German manufacturer Kautex Maschinenbau in an SBO from Steadfast Capital valued at €50-100m.
Equistone IV to sign ninth deal
Equistone Partners, which has recently closed its Equistone IV fund on €1.5bn, is set to acquire French food machinery business Groupe Brétèche, according to a filing made with the French competition authority.
Siparex et al. take stake in Malherbe SBO
A consortium led by Siparex has backed the tertiary buyout of French transport group Malherbe from Nixen Partners.
Alliance Entreprendre takes majority stake in Marline
Alliance Entreprendre is believed to have taken a majority stake in the SBO of French motor fuel producer Marline from Initiative & Finance.
Siparex and Somfy buy Sofilab
Siparex and Somfy Participations have taken a majority stake in Groupe Sofilab, a French producer of livestock watering troughs.
EdRip et al. support Groupe Marietton OBO
Edmond de Rothschild Investment Partners (EdRip), Crédit Agricole Régions Investissement and Siparex have backed the secondary owner buyout of French travel specialist Groupe Marietton.