News
UK - AFM backs buyout of Merseyside Metalworks
Alliance Fund Managers (AFM), through the MSIF Mezzanine Fund, has provided a £300,000 mezzanine loan to support the buyout of Merseyside Metalworks Ltd, a manufacturer and installer of specialist ductwork.
FRANCE - Turenne Capital invests EUR 2.75m in Climadiff
Turenne Capital has invested EUR 2.75m in wine cellar business Climadiff, with EUR 628,000 coming from its Turenne Investissement fund and the balance being provided a number of other funds under its management.
UK - Paragon and Blackstone in talks
Buy-to-let mortgage lender Paragon is reportedly in talks with Blackstone Group regarding a possible buyout of the struggling buy-to-let lender.
CEE - EK Fin acquires 34% of Papcel
EK Mittelstandsfinanzierungs AG (EK Fin) has acquired 34% of Czech mechanical engineering company Papcel for an undisclosed amount. The CEO and son of the owning family retains the balance of the shares.
SWITZERLAND - Capvis to acquire KVT from Kloeckner for EUR 325m
Capvis has agreed to acquire industrial supplier Koenig Verbindungstechnik from steel and metals distributor Kloeckner & Co for EUR 325m.
FRANCE - Distressed Belvédère a private equity target?
According to reports an undisclosed company and private equity buyout house are in talks regarding a debt for equity swap in Belvédère, an alcoholic drinks manufacturer.
UK - Finance Wales backs Vista buyout
Finance Wales has backed the buyout of Vista Support Services Group Ltd from its parent DigiPos Store Solutions Group.
DENMARK - 3i acquires 45% stake in Soya Concepts
3i has acquired a 45% stake in Soya Concepts, a Danish women’s clothing company, for an undisclosed sum.
UK - Avista invests USD 100m into Hansa Hydrocarbons
Avista Capital Partners has invested USD 100m into energy exploration company Hansa Hydrocarbons.
SWEDEN – Ratos completes SEK 4.3bn sale of Hägglunds Drives
Ratos has agreed to sell engineering business Hägglunds Drives to Bosch Rexroth for approximately SEK 4.3bn, which will give the investor an overall exit gain of about SEK 4.4bn following the SEK 1bn recapitalisation completed in 2006. The sale is subject...
GERMANY - LPR Capital acquires OLIGO Lichttechnik
LRP Capital has acquired lighting company OLIGO Lichttechnik for an undisclosed sum.
GERMANY - Granville Baird backs MBO of Meier Vakuumtechnik
Granville Baird has acquired majority stake in Meier Vakuumtechnik GmbH, a provider of equipment for photovoltaic solar cells, as part of a management buy-out.
UK - Alchemy exits CompAir in £205m deal
Alchemy Partners has sold its investment in CompAir, an air and gas compressor business, to Gardner Denver Inc, a provider of compressed air and gas, vacuum and fluid transfer technologies, in a £205m deal.
ITALY - Stirling Square backs buyout of Microtecnica
Stirling Square Capital has backed the buyout of Microtecnica, a flight critical aerospace component and sub-system manufacturer, from Hamilton Sundstrand, a subsidiary of United Technologies Corp, for an undisclosed sum.
UK - Phoenix acquires LK Bennett
Phoenix Equity Partners and Sirius Equity have agreed to invest in fashion brand LK Bennett in a deal rumoured to be worth around £100m.
UK - Fidelity acquires Picsolve in £33m deal
Fidelity Equity Partners has acquired photographic systems and services provider Picsolve International from its formers investors, led by Meridian Equity, in a £33m deal.
FRANCE - LBO France to sell Interclean
LBO France is set to divest portfolio cleaning company Interclean to The Samsic Group in a trade sale.
UK - ANGLE slams door on Braveheart
ANGLE, the AIM-listed technology commercialisation company, has withdrawn from its discussions with early-stage technology investor Braveheart regarding a possible take-private.
UK - Bank of Scotland supports £450,000 Suface Generation deal
Oxford Investment Opportuity Network (OION) and Bank of Scotland Corporate's Growth Capital team have each invested £140,000 in mould tooling technology company Surface Generation Ltd as part of a £450,000 third round of funding.
FRANCE - Promotions at Initiative & Finance Gestion
Initiative & Finance Gestion, a subsidiary of Natixis Private Equity, have promoted Jean-Michel Laveu and Arnaud Mendelsohn to associate directors.
UK - Advent wins auction for Craegmoor
Advent International has acquired Craegmoor Healthcare Group from LGV Capital, beating off competition from nursing home operator Southern Cross Healthcare in the final round of bids.
FRANCE - Blue Capital increases stake in Carrefour
Blue Capital has upped its shareholding in Euronext-listed supermarket group Carrefour from 10.7% to 12.9%.
RUSSIA - Starr and FPK acquire 20% of Investtradebank
Starr International Company and FPK Capital have acquired a 19.99% stake in Russian bank Investtradebank.
FRANCE – CAPE leads EUR 2.5m investment in h2i technologies
Crédit Agricole Private Equity (CAPE) has led a EUR 2.5m investment into technology company h2i technologies with an investment of EUR 2m, while original investors Emertec and Soridec provided the balance.