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. Headquartered in Ulm, Germany, Gardena, which employs some 2,900 people, reported the best result ever for the financial year 2005/06, pro forma September 30. Sales increased by 7.2% to EUR 421.8m and EBITDA by 12.6% to EUR 77m.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater