Secondary buyout
Capvis and Partners Group sell Bartec to Charterhouse
Capvis Equity Partners and Partners Group have sold their majority stake in German industrial safety technology provider Bartec to Charterhouse Capital Partners.
SBOs remain resilient in Q2
The increase in larger deals witnessed in the second quarter corresponded with a relative resilience in secondary buyout activity across Europe, according to the latest unquote" Private Equity Barometer.
G Square buys Mikeva from Intera
G Square Capital has acquired Finnish social care services provider Mikeva from Intera Partners.
Providence acquires HSE24 from AXA PE
Providence Equity has acquired Germany-based international home shopping group Home Shopping Europe (HSE24) from AXA Private Equity for an estimated €650m.
Verdane Capital Advisors sells Prenax
Verdane Capital Advisors has sold Swedish subscription management company Prenax to French family office Arts et Biens.
AXA PE nears €1bn Fives deal
Charterhouse is set to sell French engineering company Fives to AXA Private Equity and the company's management, according to reports.
Providence to acquire HSE24 from AXA PE
Providence Equity Partners is to acquire a majority stake in AXA Private Equity-held German shopping channel Home Shopping Europe (HSE24), according to reports.
Octopus makes 2.5x money on AVM exit
Octopus Investments has realised its stake in British visual communications systems business AVM through an SBO backed by Alcuin Capital, returning 2.5x money to investors.
AXA PE backs MBO of Arkadin
AXA Private Equity has bought a 45% stake in French collaboration services business Arkadin.
Hellman & Friedman buys Wood Mackenzie in £1.1bn SBO
Hellman & Friedman has acquired a majority stake in UK-based consultancy Wood Mackenzie from Charterhouse in a deal that values the business at £1.1bn.
ISIS sells Enotria to BlueGem
BlueGem Capital Partners has acquired a majority stake in British wine trade supplier Enotria from ISIS Equity Partners.
Cinven acquires Pronet Güvenlik from Turkven
Cinven Partners has acquired Turkish alarm systems provider Pronet Güvenlik in a secondary buyout from Turkven Private Equity and other institutional shareholders.
LDC acquires Metronet from YFM
LDC has completed the management buyout of UK-based internet service provider Metronet from YFM Equity Partners and Acceleris.
OMERS PE acquires Lifeways from August Equity
The private equity branch of Canadian pension fund OMERS has acquired British healthcare services provider Lifeways from August Equity.
MML sells Industrial Acoustics to AEA
MML Capital Partners has sold noise control products manufacturer Industrial Acoustics to AEA Investors.
ICG backs Symington’s in SBO
Intermediate Capital Group has invested in the secondary buyout of convenience food producer Symington’s from Bridgepoint Capital.
Inflexion acquires Marston Group from Gresham
Inflexion Private Equity has bought UK-based judicial services business Marston Group from Gresham Private Equity.
Equistone in €1bn Global Blue exit
Equistone Partners Europe (formerly Barclays Private Equity) has sold travel payment service provider Global Blue to Silver Lake Partners and Partners Group in a €1bn deal.
Sagard buys Stokomani from Advent
Sagard Private Equity has acquired French discount wholesaler Stokomani from Advent International, a transaction valued at €200-210m.
SBOs set to rebound
The recent quaternary buyout of French eyewear retailer Alain Afflelou by Lion Capital for an estimated €780m shows that the "pass-the-parcel" trend in private equity has not yet abated.
Caird Capital exits Bifold to LDC for £85m
Caird Capital has exited gas pumps manufacturer Bifold Group to LDC in a £85m deal yielding a 3x return for the seller, according to a source close to the deal.
PE firms in 2nd round for Triton's Bravida
Four private equity firms have entered a second round of bids for Triton portfolio company Bravida, reports suggest.
Cornerstone buys ACTech from Halder
Cornerstone Capital and Premium Equity Partners have acquired Halder’s 80% stake in German metal parts manufacturer ACTech for an undisclosed price. The management retains its 20% stake.
French SBO boom: no end in sight?
France’s booming buyout market is being fuelled by a glut of SBOs. However, more primary deal activity will be needed to maintain the market’s momentum. Greg Gille reports