Cognetas Gives up on Tokheim Sale

European private equity firm Cognetas has given up on the sale of French petrol station equipment provider Tokheim after offers failed to meet its price expectations, writes Reuters. Cognetas appointed JP Morgan to carry out a strategic review earlier this year, after receiving a number of expressions of interest for the business, reports Reuters. (Reuters) […]

Cognetas Set to Sell Tokheim

European private equity firm Cognetas is set to sell petrol station equipment provider Tokheim for 400 million euros ($547.6 million), Reuters reported. First-round bids for the Paris-based company are due in October. Cognetas bought Tokheim from Axa Private Equity in 2005 for around 250 million euros, backed by 220 million euros of debt, Reuters wrote. In 2007 Apax recapitalised the deal, bringing debt up to 265 million euros.

Cognetas Sees Bid for PE Portfolio

An unnamed European financial investor has made a proposal to buy out the portfolio of companies in a fund of private equity group Cognetas, Reuters reported, citing news in the Financial Times. The group’s current portfolio includes Morrison Utility Services, a UK infrastructure maintenance provider for utility groups; Tokheim, a French maker of fuel dispensing equipment; and Arcaplanet, an Italian pet food retailer, Reuters wrote.

Cognetas Exits KSM Castings

Buyout firm Cognetas is selling automotive supplier KSM Castings to Chinese group CITIC Dicastal, Reuters reported. KSM is the last of three German companies that the firm put up for sale this month, Reuters said. No terms of the acquisition were disclosed, though estimates have placed the value of KSM at roughly 300 million euros.

WPP Buys PE-Backed Commarco

Advertising giant WPP will buy German marketing firm Commarco from private equity firm Cognetas, Reuters reported. Financial terms of the deal were not released. Cognetas has been trying to sell three German firms to draw to a close a 1 billion euro fund it raised in 2001, Reuters reported. Rothschild advised it on the sale of Commarco.

Cognetas Puts Three German Business On the Block

Private equity firm Cognetas will sell three of its German businesses, Reuters reported, as the buyout shop aims to close a 1 billion euro ($1.36 billion) fund it raised roughly a decade ago. The firm is selling aluminium auto parts maker KSM Castings, pond equipment maker Oase and communications firm Commarco, Reuters said.

Cognetas Promotes Antoine de Péguilhan

Cognetas, a European private equity firm, has promoted Antoine de Péguilhan to the position of investment manager. He joined Cognetas in 2008 as an associate, after having been part of the French coverage team at Goldman Sachs. www.cognetas.com

Cognetas Expands Financial Services Team

European mid-market private equity firm Cognetas has appointed David Pusinelli as a senior adviser specialising in financial services. Before joining Cognetas, Pusinelli was a main board director at Close Brothers Group and played a key role in some 30 acquisitions and start-ups for the banking, asset management, securities and corporate finance divisions with a combined […]

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