News
GERMANY - Carlyle and Advent exit HT Troplast
The Carlyle Group and Advent International have sold HT Troplast to Bahrain-based investment firm Arcapita for an undisclosed amount. In January 2005, Carlyle and Advent had acquired the company from RUETGERS AG.
UK - South Yorkshire Investment Fund backs plastic packaging company
South Yorkshire Investment Fund has provided William Beckett Plastics, a specialised plastic packaging company for the cutting tool industry with £100,000 of growth capital funding.
UK - BOSIF backs £783m MBO of community regeneration specialist
Bank of Scotland Integrated Finance has backed the £783m management buyout of community regeneration specialist Keepmoat Plc. The privately held Plc was divested by private shareholders via an auction process run by Deloitte. Bridgepoint and 3i had previously...
UK - Blackstone eyes New Look
It is understood that New Look is likely to be acquired by Blackstone. Apax and Permira, New Look's current owners, are reported to be in talks with Blackstone about the deal. The news of a secondary buyout follows a pulled auction process earlier this...
CEE - AIG acquires 90% stake in BTC
AIG Capital Partners has acquired a 90% stake in Bulgarian Telecommunications Company following approval from relevant regulatory authorities. AIG will launch a tender offer for the remainder of the company’s shares, which are currently listed on the...
UK - Bridges Ventures invests £1.35m in Sealskinz
Bridges Ventures has backed the management buyout of SealSkinz, a Norfolk-based manufacturer of unique waterproof socks and gloves designed for bikers and hikers. Bridges is investing £1.35m alongside a management team to buy the company from its parent...
NORWAY - FSN acquires five clinics
FSN Capital has acquired Klinikk Stokkan, Tromso Private Sykehus, Colosseumklikken Legeavdeling, Colosseumklinikken Stavanger and Nobel Clinic Norge, five Norway-based clinics. The acquisition was made from FSN Capital II, a EUR 151m vehicle which closed...
UK - NorthStar provides £750,000 funding for Broadband Computer Company
North-East focused NorthStar Equity Investors has backed the Broadband Computer Company with an equity investment of £750,000. The company has developed the hardware and software to provide PC users with a new platform for managing and maintaining a...
ITALY - Arca Impresa exits Diffusione Italiana Preziosi
Arca Impresa and Meliorbanca have sold their stakes in Diffusione Italiana Preziosi to industrial player Morellato & Sector. The sale value is understood to be EUR 60m and the deal is forecast to close by the end of September. Rothschild assisted...
UK - The Capital Fund in £250,000 Vision RT investment
The Capital Fund has backed Vision RT, a 3D surface imaging specialist for use in radiotherapy treatments, with £250,000 of funding. Vision RT was founded in 2001 to advance patient set-up and monitoring for radiotherapy treatment. The Capital Fund...
UK - Endless sells Peter Black for EUR 48m one year on
Just over twelve months on from its acquisition, Endless has sold Peter Black Limited International, a design, sourcing and supply chain management company, to Li & Fung Limited, a Hong Kong-listed trading house. The deal was valued at EUR 48m, excluding...
EUROPE - European private equity leaps on cleantech
The concern with environmental issues and the consequent demand for solutions related to the generation of renewable energy and waste management has made cleantech a sought-after sector for European GPs. Dealflow in the sector has seen a noteworthy increase...
FINLAND/SWEDEN - Riverside backs buyout of Nordic steel specialist
Mid-market specialist Riverside Company has acquired Nordic manufacturer Keycast and its subsidiaries, including Combi Wear Parts. The company specializes in steel casting and operates from four foundries in Finland and Sweden. The company’s customers...
UK - BOSIF backs secondary buyout of Polypipe
Bank of Scotland has provided an integrated debt and equity package to support the secondary management buyout of Polypipe, a manufacturer of plastic piping and sanitary systems for the UK and European construction markets. The deal represents an exit...
UK - Elderstreet and Frontiers provide weComm with £3m of funding
Existing investors Elderstreet Investments and Frontiers Capital have provided weComm, an interactive mobile data solutions business, with £3m of funding. The investment will be used to fund product development and geographic expansion around its innovative...
UK - New player Infinity has £50m to invest in North West businesses
Newly launched Infinity Asset Management has opened for business with £50m to invest in businesses in the North West. Manchester-based Infinity has been founded by three former BDO Stoy Hayward partners Daniel Finestein, Sarah Platt and Phil Vickers.
UK - Close Brothers announces senior management changes
Close Brothers Corporate Finance has made a number of changes to its senior management team. These changes are part of the company’s strategy to position itself for further growth over the next five years. Stephen Aulsebrook, currently head of European...
UK - Finance Wales and Biofusion lead £2m investment in Q Chip
Finance Wales and AIM-listed Biofusion have entered into their first partnership deal as part of a £2m funding round for Q Chip Ltd. Cardiff-based Q Chip is a developer of microencapsulation solutions.
UK - Grant Thornton handles the administration of Esporta
Grant Thornton has been appointed to handle the administration of Esporta, the gym chain acquired by the Halabi family from Duke Street Capital in 2006. Private equity firms are queuing up to buy the asset. Potential buyers include MidOcean Partners,...
AUSTRIA –Leobersdorfer Maschinenfabrik changes hands
Invest Equity and Nord Holding have exited their stakes in manufacturer of high pressure compressor systems, Leobersdorfer Maschinenfabrik AG, for an undisclosed amount to Equita. RW Baird & Co ran the auction process.
CEE - Darby closes EUR 300m Central Europe mezzanine fund
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has closed its Darby Converging Europe Mezzanine Fund (DCEMF) with total capital commitments of EUR 248m. After the expected refinancing of a EUR 65m bridge loan, the...
UK - Delta Two prepares to boost equity in Sainsburys deal
Delta Two is preparing to boost the equity involved in its 600p per share indicative offer for supermarket chain Sainsburys. After reports that the Sainsbury family, who's stake in the business totals 18%, were unhappy about the level of leverage at play...
SWITZERLAND - Molecular Partners AG raises CHF 18.5m
Index Ventures has led a CHF 18.5m series-A financing round for biotechnology company Molecular Partners AG. Other investors contributing to the round include BB Biotech Ventures, Johnson & Johnson Development Corporation and Endeavour.
GERMANY - DZ Equity Partners invests in MK Metallfolien GmbH
Frankfurt-based DZ Equity Partners has acquired a minority stake in MK Metallfolien GmbH. The transaction value has not been disclosed. The founder of the company, Gerd Cloppenburg, remains invested and holds a majority stake. The new capital will be...