News
UK - Bank of Scotland makes £320m indicative offer for Erinaceous
Bank of Scotland has made an indicative offer for property services business Erinaceous Group Plc. The 300p per share offer values the London-listed company at approximately ТЃ320m. Bank of Scotland is carrying out due diligence ahead of a formal offer.It...
SPAIN - Carlyle acquires Applus for EUR 1.5bn
After fending off competition from BC Partners and Eurazeo, The Carlyle Group has agreed the acquisition of Applus from its shareholders Agbar, Unión Fenosa and Caja Madrid for an enterprise value of EUR 1.48bn. With headquarters in Barcelona, the company...
GERMANY – BayBG invests in Proteros Biostructures
BayBG Bayerische Beteiligungsgesellschaft mbH has participated in a EUR 4.2m second round of financing for protein analysis specialist Proteros Biostructures GmbH. BayBG invested EUR 1m as a ‘stille Beteiligung’.
GERMANY – Barclays PE acquires Siteco from JP Morgan Partners
Barclays Private Equity has acquired German lighting fixtures group Siteco from JP Morgan Partners. The transaction value has not been disclosed. JPMorgan Partners acquired Siteco in October 2002. Under its stewardship, Siteco underwent a substantial...
FRANCE - Eurazeo wins exclusivity for EUR 2.3bn tertiary buyout of Elis
Eurazeo has won a period of exclusivity for the acquisition of textile rental business Elis from PAI partners, in a deal which values the business at approximately EUR 2.3bn.
SWEDEN - Carlyle et al. sell MedPointe to Meda for $520m
Swedish-listed pharmaceutical group Meda has agreed to acquire all the shares in US based-MedPointe, owned by The Carlyle Group and other investors. The two majority shareholders of MedPointe, The Carlyle Group and The Cypress Group, will become shareholders...
UK - JC Flowers expected to swoop on Friends Prov and Resolution merger
Private equity is expected to swoop on the ТЃ8bn tie-up between UK insurers Friends Provident and Resolution. JC Flowers, the US private equity group, has been named in association with a break-up bid. It has looked at a potential takeover of Friends...
DENMARK - EQT sells Contex to Ratos for $240m
EQT has agreed to sell Contex Holding , a developer, manufacturer and supplier of innovative 2D and 3D digital image solutions, to Ratos for $250m.
NL - Gilde refinances portfolio company Heiploeg
Gilde Buy Out Partners has refinanced portfolio company Heiploeg. The EUR 246m refinancing was lead arranged by Rabobank. The financing structure includes borrowing base facilities, a revolving credit facility, senior term A and B loans and a second...
NL - Waterland and Prime Technology Ventures sell GlobalCollect to General Atlantic
Waterland Private Equity Investments and Prime Technology Ventures sold their stake in e-payment service provider GlobalCollect to General Atlantic, a US-based private equity firm. GlobalCollect's management continues to hold a substantial stake. Financial...
LUXEMBOURG - Oostvogels Pfister Roemers changes name to Oostvogels Pfister Feyten
Luxembourg-based business law firm Oostvogels Pfister Roemers has changed its name to Oostvogels Pfister Feyten . Frédéric Feyten , partner and the head of the Tax Department, will be represented in the firm's name. The name change follows the departure...
UK - Barclays Ventures expands investment team
Barclays Ventures has expanded its investment team with three new hires. Eddy Dempsey has been appointed senior associate director whilst Rachel Boomgaardt and James Savage join as investment managers. All three will be based at Barclays Ventures' head...
SPAIN - Carlyle, BC Partners and Eurazeo chase Applus+ deal
Carlyle, BC Partners and French buyout house Eurazeo are reported to have all made bids for vehicle inspection group Applus+.
SPAIN - MCH beats Magnum on competition for Eptisa
Engineering business Eptisa has received a bid of EUR 90m from MCH Private Equity, according to press reports.
NL - Stirling Square sells Schoeller Arca Systems to One Equity Partners for EUR 428m
Stirling Square Partners has sold its controlling stake in Schoeller Arca Systems to One Equity Partners. At the time of the deal, the company had an enterprise value of EUR 428m. The founding family Schoeller and the management will keep their respective...
SPAIN - Apax promotes Oriol Pinya to CEO
Apax Partners has promoted Oriol Pinya to the position of chief executive of the firm's operations in Spain.
UK - ECI-backed wireless networks company makes £24m acquisition
ECI Partners portfolio company Aerial Facilities (AFL) has acquired its Swedish-based competitor, Avitec AB for up to ТЃ24m. Avitec was formerly owned by CapMan, 3i and a number of private investors. AFL designs, manufactures and installs specialist products...
FRANCE - De Agostini buys Marathon from Bridgepoint
Bridgepoint and the management of TV producer Marathon have sold their entire stake in the company to Italian group De Agostini.
UK - 3i acquires financial adviser Bestinvest
3i has acquired independent investment managers and financial adviser Bestinvest. The terms of the acquisition are not disclosed. The deal enables the founder of Bestinvest to realise some value from the company which he established in 1986. Financial...
FRANCE - Dailymotion raises extra EUR 20m
Video sharing website Dailymotion has received EUR 20m in a second round of funding, according to French press reports.
UK- Private Advisors opens London office and hires Jens Bisgaard-Frantzen
Private Advisors , a private equity and hedge fund investment firm specialising in advising institutional investors and wealthy individuals, has opened a London office. Jens Bisgaard-Frantzen has also been hired as the chief executive officer of Private...
UK - YFM Group Backs £21m buyout of The RMS Group
YFM Group has completed its biggest single deal with ТЃ5.5m of funding to support the ТЃ21m buyout of shipping and logistics specialist RMS Group. YFM has invested from several of its managed funds: the Chandos Fund, Partnership Investment Finance, and...
UK - Pret in private equity sights
Sandwich shop chain Pret A Manger has had unsolicited approaches from Lion Capital, Bridgepoint and PPM according to press reports over the weekend. Pret was prepping for an IPO, after hiring investment bank NM Rothschild early this year to advise on...
UK - Maximilian Bleyleben is promoted to partner at Kennet Partners
Kennet Partners, the technology growth investor, has promoted Maximilian Bleyleben to partner. In his new role, Bleyleben will continue to originate and manage growth equity investments and buyouts in the software, IT services and digital media markets...