News
FRANCE - FPG-LFPI backs buyout of fishing goods distributor
Unquote" can exclusively reveal FPG-LFPI is set to back the buyout of Distripêche, from existing investors Crédit Agricole Private Equity (CAPE), Alliance Entreprendre and Naxicap Partners.
UK - 3i abandons sale of NCP Services
3i has decided to abandon the sale of NCP Services, the traffic warden, clamping and CCTV monitoring business it retained after selling NCP's car park arm to Macquarie for ТЃ790m in March. The investor cited the volatility of the markets as the reason...
UK - Walker plans to beef up code of conduct
It is reported that Sir David Walker intends to beef up his proposed code of conduct for the private equity industry. The tighter rules would involve buyout houses issuing details of their strategy for a company including any potential job losses, and...
DENMARK - Nordic Phytopharma A/S is sold to Scandinavian Clinical Nutrition AB
Scandinavian Clinical Nutrition AB (SCN) has acquired Nordic Phytopharma, a Danish pharmaceutical business and Biolink Capital portfolio company, for SEK 60m including an earn-out. SCN will pay for the pharmaceutical in cash and shares. The acquisition...
UK - European Capital completes £144.5m Hillarys Blinds refinancing
European Capital has completed the ТЃ144.5m refinancing of portfolio company Hillarys Blinds Ltd. It acquired window blind manufacturer Hillarys in a ТЃ229m tertiary buyout from Change Capital Partners in June 2007, providing ТЃ167m of debt financing...
UK - Carlyle sells NP Aerospace for £71m
The Carlyle Group has realised its investment in lightweight composite armour system business NP Aerospace Ltd. The Coventry-based company has been acquired by trade player, The Morgan Crucible Company Plc for ТЃ71m.
UK - Jefferies appoints Bruce Huber and Warren Scott as European co-heads
The Jefferies investment bank has appointed Bruce Huber and Warren Scott to lead the firmтs financial sponsors effort in Europe as co-heads. Huber is head of European technology and cleantech investment banking at Jefferies International Ltd, the London-based...
SPAIN - Qualitas wins Alcasa deal
Qualitas Equity Partners has wholly acquired aluminium producer Aluminio Catalán SA (Alcasa) from Ibersuizas alongside the company's management. BBVA is providing the debt for the acquisition.
UK - Greenhill and JO Hambro acquire Rileys snooker halls business for £30.5m
Greenhill Capital Partners Europe and JO Hambro Capital Management have acquired 150 snooker halls for ТЃ30.5m. Rileys operates 150 clubs across the country and was formerly part of Aim-listed Georgica. Rileys recorded EBITDA of ТЃ9.5m in 2006 on revenues...
UK - Bain appoints new UK managing partner
Bain & Company has appointed Cyrus Jilla as the new managing partner of the firm's UK operations. Jilla succeeds Roger Siddle who held the role for more than six years. Jilla joined Bain in 1997 from Kalchas, a boutique strategy firm. Prior to this he...
FRANCE - Fabless design company receives $10m A-round funding
Pond Venture Partners and Partech International have invested $10m in Acco, an analog and RF semiconductor design company.
ITALY - Euraleo makes its first invesment
Euraleo, the joint venture established in 2006 by French buyout house Eurazeo and investment group Banca Leonardo, has made its first acquisition.
UK - Debevoise & Plimpton appoints Anthony McWhirter
Debevoise & Plimpton has appointed Anthony McWhirter as a partner in the firmтs investment management practice. He will be resident in the firmтs London office, joining the firm in September. McWhirter was previously a partner with Freshfields Bruckhaus...
GERMANY - 3i acquires DEUTZ Power Systems
3i has acquired German gas and diesel engine manufacturer DEUTZ Power Systems from DEUTZ AG for EUR 360m. Together with the management, 3i aims to bring the equipment and service activities close together, and grow the company into the sole global independent...
UK - August Equity acquires software business 4Projects
August Equity has completed the management buyout of 4Projects Holdings Ltd, a provider of project collaboration software solutions. Banking facilities were provided by Kaupthing Singer and Friedlander.
FRANCE - CD&R partner to head 3i France
3i France has appointed Bruno Deschamps, a former partner at US private equity firm Clayton Dubilier & Rice (CD&R), as partner and managing director.
UK - 3i reaps 61% IRR from Care Principles after 10 year investment
3i has seen a money multiple of 3.9x and an IRR of 61% from its 10 year investment in Care Principles. The medium secure hospital operator which provides care for adults with long-term therapy needs has been acquired by The Delta Fund for ТЃ270m.
SWITZERLAND – GLSV appoints managing director
Global Life Science Ventures has appointed Stephen J McCormack as managing director of GLSV AG. McCormack joined GLSV in their Zug office in May 2006 and became partner in November 2006.
NORWAY - HitecVision and Statoil Innovation sell Pure Group to Torr Canada
Statoil Innovation and HitecVision Private Equity have sold Pure Group, a oil and gas purification company, to publicly-listed Torr Canada, a extractor of hydrocarbons from upstream oil and gas produced water. The two investors believed an industrial...
UK - Apax sees 40x return from healthcare exit to Hutton Collins
Sources report that Apax has recouped in excess of 40x its money through the sale of Healthcare at Home to Hutton Collins. Apax invested ТЃ800,000 for a minority stake in the home healthcare service provider in 1995. The company was rumoured to have been...
GERMANY - First investment for European Capital's Frankfurt office
European Capital’s Frankfurt office has invested EUR 10m in the mezzanine facility of Euro-Druckservice AG (EDS), a leading commercial printer operating in Central and Eastern Europe.
GERMANY - orizon AG makes add-on acquisition
PPM Capital portfolio company orizon AG has acquired Jobs In Time Holding GmbH for an undisclosed sum. This is the second add-on acquisition for orizon in two months. In June 2007, the company acquired SIR Industrieservice GmbH.
DENMARK - Summit Partners invests in Welltec
Summit Partners has invested in Welltec, a Danish provider of precision robotic solutions for oil and gas wells. Summit Partners became aware of Weltec when founder and CEO, Jørgen Hallundbæk, won the Deloitte Entrepreneur of the Year award. The investors...
FRANCE - Astorg leads secondary buyout of funeral business OGF
Astorg Partners has led a syndicate including previous backer Vestar Capital Partners in the secondary buyout of OGF.