News
BELGIUM - 3i sells Electrawinds
3i has sold its minority stake in renewable energy company Electrawinds to the founding majority shareholders.
TURKEY – Abraaj acquires 50% of Numarine
Abraaj Capital has acquired a 50% stake in Turkish luxury-yacht manufacturer Numarine.
ITALY - Change Capital to sell Jil Sander for EUR 167m
Change Capital Partners has agreed to sell fashion brand Jill Sander Group to Tokyo-listed apparel group Onward Holdings Co Ltd and its European subsidiary, GIBO Co SpA for EUR 167m.
GERMANY – Cerberus sells Peguform to Polytec
Cerberus Capital Management has sold auto parts manufacturer Peguform Group to Austrian strategic investor Polytec Holding AG for an undisclosed amount.
SWEDEN - Scope invests SEK 30m into SafeTool
Scope has invested SEK 30m into SafeTool, a supplier of technological solutions for facilities management on construction sites.
SWEDEN - Ratos-owned MCC acquires ACME
Ratos-backed Mobile Climate Control (MCC), a developer of climate comfort systems for specialty vehicles, has acquired the operations of US-based ACME Radiator and Air Conditioning in a deal valued at around SEK 200m, with a possible earn-out payment...
UK - LDC acquires Leasedrive Velo from Lyceum for £80m
LDC has acquired vehicle management group Leasedrive Velo in an £80m secondary buyout from Lyceum Capital.
UK - Charterhouse considers Lucite sale
Reports suggest that Charterhouse Development Capital is considering a sale of Lucite International, a manufacturer of acrylic-based products, which is thought to have an enterprise value of £1.3bn (USD 2.5bn).
UK - August completes £37m SBO of Accura Support Services
August Private Equity has backed the £37m secondary buyout of support services company Accura Support Services Ltd from Barclays Ventures.
NORWAY - Chapdrive secures NOK 30m from Northzone et al
Existing investors Northzone Ventures, Hafslund Venture and StatoilHydro Venture have invested a further NOK 30m (EUR 3.75m) into Chapdrive, a developer of patented systems for hydraulic transmission in wind turbines.
UK - CBPE backs £129m Warwick buyout
Close Brothers Private Equity (CBPE) has backed the £129m buyout of speciality chemicals business Warwick International from its US parent, Sequa Corp, which is owned by Carlyle Group.