News
GERMANY - Towerbrook Capital Partners acquires Fine Chemicals
Towerbrook Capital Partners LP has backed the buyout of Clariant's Fine Chemicals business. The value of the transaction is approximately EUR 70m.
UK - Core Growth Capital leads secondary buyout of London Graphic Centre
Core Growth Capital, manager of Core VCTs I, II and III, has led the secondary MBO of London Graphic Centre (LGC), investing ТЃ3m alongside ТЃ9m of debt facilities provided by Singer & Friedlander.
UK - Graphite backs £25m MBO of TMP Worldwide
Graphite Capital is backing the ТЃ25m management buyout of TMP Worldwide from its American parent, Monster Worldwide, Inc. TMP Worldwide is the UK and Irelandтs leading recruitment communications business, with 70% of its business in the public sector...
UK - Endless acquires GlynWebb.
Endless LLP has acquired chain retailer GlynWebb for an undisclosed sum. GlynWebb, which specializes in selling discounted DIY, homeware and garden products in the North and Midlands of England generates annual sales of ТЃ45m and is planning to increase...
UK - PPF Investments appoints new CEO
PPF Investments has appointed Michal Х uХЁУЁk as its new chief executive officer.
ITALY - Siparex Italia arranges MBO of TecMo
Siparex Italia has completed the management buyout of TecMo from Thermadyne Holding Corporation, a multinational manufacturer of cutting and welding products. Siparex has taken a 50% interest in the acquisition vehicle and the senior debt was arranged...
FRANCE - AFIC announces the creation of the Maison du Capital Investissement
Renaud Dutreil, French Minister for Small Businesses and Entreprise, has inaugurated the new Maison du Capital Investissement.
NETHERLANDS - Rabo Private Equity invests in Duck-To Farm Holding BV
Rabo Private Equity and the current management have jointly acquired Duck-To Farm Holding BV, including its subsidiaries Duck-To Farm BV and Tomassen Poeliersbedrijf BV.
GERMANY - Texas Pacific Group defends Grohe PR disaster
In a dinner speech at the Handesblatt Private Equity Conference, Frankfurt on 9 May, Andrew Dechet of Texas Pacific Group justified the investor's much criticised restructuring of the beleaguered Grohe. Dechet, from the US, delivered his speech in German,...
UK - CVC and Bain in bidding for Caudwell Group
CVC Capital and Bain Capital are the remaining two competitors in the contest to buy the Caudwell Group, reports The Times today. John Caudwell offloaded part of his business in April and the bidders are now neck-and-neck for the rest of his empire, which...
UK - 3i announces £700m return to shareholders.
3i has announced a total return of ТЃ831m for the year ending 31st March 2006, representing a 22.5% return on opening shareholdersт funds. It has also announced its intention to return ТЃ700m to shareholders through a bonus issue of listed B shares.
NETHERLANDS - NPM-owned Neerlands Glorie to acquire United Biscuits?
Press reports suggest that NPM-owned Neerlands Glorie, producer of exclusively Dutch food products, is looking into a possible acquisition of the Dutch, French and Belgian activities of United Biscuits.
FRANCE - Thierry Laugel joins AGF Private Equity's venture capital team
AGF Private Equity has appointed Thierry Laugel as partner in itsventure capital team.
UK - Mathew Masters joins Caledonia Investments
Mathew Masters has joined Caledonia Investments Plc as an investment executive.
UK - Gresham appoints new investment executive
Mike OтBrien has joined Gresham's investment team as an investment executive based in London.
DENMARK - VC-backed Santaris Pharma launches DKK 19.6m budget research collaboration
Santaris Pharma and the Department for Medical Biochemistry at the University of Copenhagen have announced the creation of a new MicroRNA research consortium.
FRANCE - Argos Soditic backs Sitour's MBO
Argos Soditic has backed the management buyout of Groupe Sitour. This is the first investment made through the equity house's new fund, Euroknights V.
FINLAND - Inustri Kapital, Fortum and MB Funds sell Enermet
Industri Kapital, Fortum Oyj and MB Funds have signed an agreement with Bayard Group to sell Enermet Group Oy for an enterprise value of approximately EUR 90m. The transaction is subject to regulatory approvals.
UK - M&C Ventures makes new hire
M&C Ventures has appointed Neil Sebba as a corporate finance executive. Sebba joins from BDO Stoy Hayward, where he qualified as a chartered accountant in 2003.
UK - Imperial Innovations spin-outs win LDA grants
Imperial Innovations, the technology commercialisation company based at Imperial College London, has announced that six of the companies in its portfolio have been awarded prestigious R & D grants worth nearly ТЃ700,000 from the London Development Agency....
FRANCE - BI-SAM Technologies receives EUR 5m from Galileo and Alven
Galileo Partners and Alven Capital have invested EUR 5m in BI-Sam Technologies, in two tranches. The company’s three founders retain a majority equity stake
UK - ISIS invests £4.87m in Reed & Mackay
ISIS Equity Partners has taken a significant minority stake in Reed & Mackay Limited, a leading provider of business travel management services. ISIS has invested ТЃ4.87m as part of the transaction, alongside senior debt and working capital facilities...
FRANCE - ABN AMRO Capital France acquires majority of NextiraOne
ABN AMRO Capital France has signed an agreement to buy the majority of NextiraOne and the management and Indigo Capital will take minority shareholdings.
FRANCE - Avenir Entrprises gestion backs Medil's MBI
Eric Menanteau and his management team are taking a 57% stake in medical equipment provider, Medil. Avenir Entreprises Gestion has backed this management buy-in, taking 33% of the company's equity.