News
UK - New US player buys oil services company
Intervale Capital has acquired Aberdeen-based oil services company Hydrafit in a deal worth more than £20m. RBS supplied an £18m debt packaged to support the deal in addition to a £3.5m working capital facility.
FRANCE – OFI set to acquire Gault et Fremont
OFI Private Equity has signed an agreement with LBO France to purchase Gault et Fremont. The deal will see LBO France exit its interest in the company while OFI will hold a yet to be determined majority share alongside the management.
UK - Private Advisors hires three
Private equity and hedge fund investment firm Private Advisors has appointed Matthew Baker, Jennifer Buckley and Rickard Fischerstrom as managing directors in its London office.
UK - Primary backs buyout of Pacific Direct
Primary Capital has acquired Pacific Direct, a supplier and manufacturer of branded toiletries and guest accessories to the luxury hotel and cruise line market.
TURKEY - Blackstone appoints new senior advisor
Blackstone has recruited Kemal Kaya as senior advisor. He will be based in Turkey and will seek investment opportunities for the firm in Turkey.
RUSSIA - Ahlstrom sells Wessen
Ahlstrom Capital has sold its 70% stake in Russian electrical accessories manufacturer Wessen Group to Schneider Electric.
DENMARK - Glitnir Total Capital exits Rahbekfisk
Glitnir Total Capital, JSSS and management have exited their investment in Rahbekfisk after a two and a half year holding period. The Danish convenience food manufacturer has been sold to trade buyer Espersen A/S.
UK - Catapult backs buyout of BWB Consulting
Catapult Venture Managers has supported the buyout of BWB Consulting Ltd, an engineering and environmental consultancy.
SPAIN – Suma Capital acquires engineering firm
Suma Capital has completed the acquisition of a 75% stake in engineering consulting firm Auding in a management buyout. The management team hold the balance of the shares.
FRANCE – Crédit Agricole invests in Conexia
Crédit Agricole Private Equity and Vaorem have purchased a 49% stake in Conexia Energy. Crédit Agricole made the investment via Capenergie, its FCPR energy fund. Vaorem is a developer and operator of wind farms based in Bègles.
SPAIN – Carlyle-backed Applus+ to certify helicopters
Carlyle-backed Applus+ will expand its business with its entry into Inaer, a company specialising in the certification of helicopters.
FRANCE – Apax set to buy shares in Altran
Apax Partners will take part in a EUR 130m capital increase in Altran Technologies Company by July 31. The price per share price will be between EUR 5 and EUR 6.
FRANCE – Bridgepoint promotes two to associate
Bridgepoint Capital has named Xavier Robert and Vincent Briancon as associates. Robert started his career at Ernst & Young Audit before moving to Bridgepoint in 1998. He was named director in 2005 and had been working in the London office for the past...
ITALY – Investitori-backed Kedrion to float
It is understood that Kedrion, a major manufacturer of plasma derivatives in Italy, 40% owned by Investitori Associaciti IV, has filed for a listing on the Star segment of the Milan stock exchange.
NETHERLANDS - NIBC sells its stake in Vitae
NIBC Capital Partners has sold its stake in recruiting agency Vitae to Manpower.