News
SPAIN - Private equity funds acquire Global 3 Energía
Private equity firms Corpfin Capital, Ahorro Corporación and Impala Capital have acquired 74% of Global 3 Energía from US firm ArcLight Energy Partners.
GERMANY / France - Taros Capital sells Zarges Tubesca to Granville Baird Funds.
Taros Capital has announced that it has agreed to sell Zarges Tubesca to Granville Baird, for a total consideration of EUR 156m, including financial debt.
ITALY - L Capital acquires 40% of Calligaris
Market sources suggest that L Capital has purchased a 40% stake in home decoration business Calligaris. The value of the transaction has not been disclosed.
ITALY/UK - Apax hands Damovo over to hedge funds
Apax Partners is reportedly being forced to hand over its telecom business Damovo to a consortium of hedge funds, in order to save the company from bankruptcy.
FINLAND - CapMan to acquire Komas Oy
CapMan has agreed to acquire Komas Oy from private equity investor Midinvest Management and other owners of the company. No details regarding the transaction price will be disclosed.
UK - Duke Street Capital sells Lil-lets to Electra Partners
Duke Street Capital has sold Lil-lets feminine hygiene division of Accantia, the health and beauty manufacturer to Electra Partners for a total consideration of £80m. Duke Street Capital originally backed the £225m management buyout of Accantia in November...
UK - Finance Wales in £1.2m funding round for BP Rolls
Finance Wales has invested £240,000 to enable car and commercial vehicle repairer BP Rolls to expand its operations in Newport, Gwent. Finance Wales’ investment is part of a wider financial package totalling £1.2m that will see the company purchasing...
GERMANY - IK exits Gardena
Husqvarna has signed an agreement with Industri Kapital to acquire Gardena, a manufacturer of gardening tools in Europe. The purchase price amounts to EUR 730m which includes the transfer of debt, shareholder credits and pensions amounting to EUR 416m....
UK - Seraphim Capital completes first investment
Seraphim Capital, the UK’s first Enterprise Capital Fund, led by GLE, is to provide a development capital injection of £1m into G-T-P Group Ltd. The deal represents Seraphim’s first investment.
GERMANY - New principal at Waterland Private Equity
Waterland Private Equity Investments has appointed Jörg Dreisow as principal of its German branch. He had previously been investment director and will now co-lead a team of six.
ITALY - Abacus Invest closes its first deal
Milanese Abacus Invest has completed its first deal yesterday by purchasing a 56% stake in Controls. The consideration was not made public.
GERMANY – Armacell goes to Investcorp
Investcorp has acquired Armacell International GmbH in a secondary buyout from Gilde Buy-Out Fund and funds managed and advised by CVC Capital Partners. No further terms of the transaction have been disclosed.
SWITZERLAND/ BELGIUM – Alpha acquires Dietiker and NFI
Alpha Private Equity has acquired the Zurich-based Dietiker group for an undisclosed sum from its family shareholders. The investment is the fifth investment from the financial investor’s Alpha Private Equity Fund 5 (APEF 5), which closed in February...
SPAIN - Latham & Watkins to launch operations in Spain
US law firm Latham & Watkins announced Monday that it will open offices in Madrid and Barcelona on 1 January.
ITALY - Apax acquires healthcare factoring business
Pharmaceutical group Confarma is reported to have sold the majority of its shares in Farmafactoring to FF Holding, a vehicle entirely owned by Apax Partners.
BELGIUM - Cognetas to sell Aliplast Group for €430m
Cognetas, (formerly known as Electra Partners Europe) has announced that it intends to sell Aliplast Group to a consortium backed by Sagard and Ergon for EUR 430m.
UK - Maxwell leaves Standard Life following dispute over SLIPE’s future
Industry veteran Jonny Maxwell has left Standard Life Investments Private Equity, citing disagreements over the future of the division which he set up.
NL- Gilde Buy Out Partners hires three new team members
Gilde Buy Out Partners has announced that it has strengthened its team with three hires.
NL - Kennet Partners to sell Consul Risk Management to IBM
Kennet Partners Ltd has announced that it intends to sell Consul Risk Management International, a software company for the enterprise and managed security services markets, to IBM. The sale is expected to close in the first quarter of 2007. Kennet first...
UK - Charterhouse-backed Saga makes radio disposal
Charterhouse portfolio company Saga, the specialist service provider to the 50 plus age-group, has disposed of its radio assets. The three radio stations based in the Midlands and Scotland, plus another yet to be launched station, have been acquired by...
SPAIN - 3i set to acquire 45% of Bouncopy today
According to reports in the Spanish press, 3i is due to close the acquisition of a stake in Bouncopy in the next couple of hours.
UK - Permira acquires stake in Britvic
After talks between Permira and Britvic came to nothing two months ago, it has today been reported that Permira has acquired 11.5% in the listed soft drinks manufacturer which has issued several profit warnings this year. Shares rose by approximately...
ITALY - Cognetas sells Azelis to 3i
Private equity frim Cognetas, formerly known as Electra Partners Europe, announced the sale of Azelis Group to 3i.
SPAIN - INova Capital backs DC Wafers
INova Capital has announced its invesment in industrial manufacturer DC Wafers. After the investment, completed via a capital increase, the private equity firm will control a 15% stake in the company.