News/Deals
Intervale Capital-backed Proserv in $215m refinancing
US-based oil and gas investor Intervale Capital's Scottish portfolio company Proserv has received a $215m refinancing package from Lloyds Bank Commercial Banking Acquisition Finance.
One Equity Partners merges portfolio companies
One Equity Partners has combined its two packaging portfolio companies Schoeller Arca and Linpac Allibert.
Groupama edges closer to PE arm disposal
French insurer Groupama has sold an 82% stake in the two funds managed by its private equity arm Acto Capital.
Holiday deals round-up
European private equity saw an exceptionally busy Christmas period this year, with many investors wrapping up deals right at the end of 2012. Here’s a round-up of all the events of the last two weeks.
unquote" wants to hear about your deals
As Europe's longest-running private equity information provider, it is crucial we at unquote" have all the details on your deals.
Régie Linge Développement sale process stalled
The sale process of Sagard-owned Régie Linge Développement (RLD), a French business specialising in the rental and laundering of work wear, has reportedly stalled over debt concerns.
Directorbank and Rockpool team up to back and manage UK businesses
Executive search firm Directorbank and tax-efficient private equity investment firm Rockpool Investments have formed an alliance.
Quadriga to buy LR Health and Beauty Systems from Apax
Quadriga is the final bidder for German beauty products retailer LR Health and Beauty Systems (LR International), currently owned by Apax Partners, according to reports.
CVC and Charterhouse mull Ista exit
CVC and Charterhouse have hired Deutsche Bank and Goldman Sachs to advise on the sale of German utilities metering firm Ista, according to reports.
US investor circles Topshop
Sir Philip Green, the owner of British clothing retailer Topshop, is reportedly in talks with US-based private equity house Leonard Green & Partners LP for the sale of a 25% stake in the business.
NTC Holdings further reduces stake in TDC
The holding jointly owned by Apax, Blackstone, KKR, Permira and Providence has sold 80 million shares in Danish telecommunications company TDC.
BC Partners and TPG circle Greek lottery business
BC Partners and TPG Capital are among the potential bidders for a 33% stake in Greek lottery monopoly OPAP, put up for sale by the country's Hellenic Republic Asset Development Fund (HRADF).
EdRIP to make 10x on Vessix sale
Edmond de Rothschild Investment Partners (EdRIP) stands to reap a sizeable 10x return on its original investment in US-based Vessix Vascular, following the $425m sale of the business to trade player Boston Scientific Corp.
Carlyle gives up on Chemring
Carlyle has decided against bidding for British listed military supplier Chemring, following two deadline extensions.
Silicon Valley Bank provides credit to Carlyle's The Foundry
Silicon Valley Bank (SVB) has provided a new credit facility to Carlyle's software holding The Foundry.
Lion's £1.2bn partial sale of Weetabix completes
Bright Food's purchase of a 60% stake in Weetabix from Lion Capital is the largest overseas transaction ever by a Chinese company in the food and beverage sector.
Advent readies for EKO take-private
Advent International has secured subscriptions for a total of 97.98% of shares in Polish supermarket chain EKO Holding Group, following the acquisition of a controlling stake in the company last month.
Chemring CEO resigns as Carlyle prepares bid
David Price, the CEO of British military supplier Chemring, has resigned as Carlyle is still considering a potential takeover of the business.
Carlyle awarded second extension for Chemring bid
Carlyle has been granted a second extension on its deadline to make an offer for British military supplier Chemring.
Triton in renewed sale talks for Rütgers
Triton has reportedly put dividend recapitalisation plans for German chemicals business Rütgers on hold following renewed interest from strategic buyers.
Electranova Capital completes first two deals
Electranova Capital, EDF's cleantech investment fund, has completed investments in French electricity management company Actility and Norwegian wind power business Seatower.
3i looking to divest Labco and Civica
3i has initiated much anticipated exit processes for Labco and Civica, two acquisitions made in 2008, according to reports.
Quilvest-backed Tortilla secures £2.25m refinancing
Tortilla, the Mexican fast food group backed by Quilvest, has secured £2.25m in new bank financing from Santander Corporate Banking.
IPO rumours for PE-backed OdigeO
AXA Private Equity and Permira are exploring options for online travel group OdigeO, including a potential flotation, according to reports.