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Bridgepoint to sell SPTS Technologies

Bridgepoint is to sell SPTS Technologies Group, a global manufacturer of etch, deposition and thermal processing equipment for the microelectronic industry, to Orbotech. The business is being sold for approximately $370 million in cash.

Fat Face pulls London listing

British clothing chain Fat Face has pulled its planned London listing, writes Reuters, citing equity market conditions as the principal factor in the decision. The company, which is owned by European private equity firm Bridgepoint, had aimed to raise 110 million pounds ($185.66 million).

Polish biscuit manufacturer acquired by Bridgepoint

Dr Gerard, a producer of branded and private label biscuits in Poland, has been acquired by Bridgepoint from Groupe Poult of France, for an undisclosed amount. The company operates from three sites across Poland where it employs over 950 people and in recent years has developed a growing export business to the wider CEE region.

Bridgepoint Sells Permaswage to Precision Castparts

Permaswage has been sold by Bridgepoint for $600 million to Precision Castparts Corp. Permaswage, which was acquired by Bridgepoint in 2007, is an aerospace component supplier manufacturing permanent and separable couplings used to connect hydraulic, air and other tubing in all types of civil and military aircraft.

PE Firm Bridgepoint Acquires the Flexitallic Group

The Flexitallic Group, a maker of sealing products and other products, including gaskets, for the energy industry that is headquartered in Paris, is being acquired by Bridgepoint, a pan-European private equity investor focused on middle market opportunities. The €450 million transaction, which is subject to competition clearance, is anticipated to close this July.

LP Scorecard: Energy Gives Idaho a Boost

It’s direct energy investments that are boosting The Public Employee Retirement System of Idaho’s private equity portfolio, according to its Private Equity Performance Summary by Investment.

Reuters – Intertrust Attracts PE Interest

Private equity firm Waterland has attracted a number of potential buyers for Dutch trust and corporate management business Intertrust Group, writes Reuters. Blackstone, Carlyle and Cinven are buyout houses looking at the deal and could submit bids. Bridgepoint, CVC and 3i have also considered the deal, according to Reuters‘ sources. Reuters – Private equity firm […]

Bridgepoint Acquires Compagnie du Ponant

Bridgepoint has acquired Compagnie du Ponant, a French luxury cruise line renowned for its specialist polar cruises, from CMA CGM via its parent company Mérit. Terms of the transaction are undisclosed. Founded in 1988 and with over 580 employees, Compagnie du Ponant operates three luxury ships (typically with between 32 and 132 cabins) and in […]

NYC Euro Investments are a Mixed Bag

European buyout funds within four of the New York City pension fund portfolios have a mixed performance ranging from an IRR low of -29.10% to a high of 41.8% according to the most recent fund performance reports.

Lion Capital to Acquire European Optical Retailer from Bridgepoint, Apax and Altamir Amboise

Lion Capital is to acquire European optical retailer Alain Afflelou from funds managed by Bridgepoint and Apax Partners France and Altamir Amboise in a secondary buyout transaction. Founded in France in 1972, Alain Afflelou is a European optical franchisor with a network of nearly 1,100 optical retail stores across France, Spain, Portugal, Belgium, Luxembourg, Switzerland, […]

Bridgepoint Acquires Quilter

Quilter, a specialist private client wealth management group, has been acquired by European private equity firm Bridgepoint from Morgan Stanley Smith Barney. Quilter’s clients include high net worth individuals, charities and trusts, pension funds, corporate bodies and friendly societies. The business employs approximately 350 staff via a regional network of 13 offices throughout the UK, […]

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