Investcorp, a global provider and manager of alternative investment products, has agreed the sale of Armacell to Charterhouse for over 500 million euros ($653.6 million). Based in Germany, Armacell is a manufacturer of flexible technical insulation materials.
You are browsing the archive for Investcorp - peHUB.
Bahrain-based private equity firm Investcorp‘s sale of Armacell is under threat as bids for the German insulation firm are due to come in lower than its 500 million euro ($653.30 million) price tag, writes Reuters. The transaction could now be scrapped altogether, writes Reuters.
This week peHUB’s jobs of the week include associate positions at Goldman Sachs, H.I.G. Capital and SVB among others.
Equistone Partners Europe has exchanged contracts on the realisation of its investment in Hydrasun Limited to Investcorp. Established in 1976, Hydrasun is a provider of integrated fluid transfer, power and control solutions to the global offshore oil and gas industry.
The sale of German insulation firm Armacell by its Bahrain-based private equity owner Investcorp has attracted six bidders as interest grows in companies making energy-efficient products, writes Reuters. Private equity investors Charterhouse, Pamplona, Equistone, HgCapital, Goldman Sachs Private Equity as well as a US-based producer of building materials have placed tentative bids, writes Reuters.
Investcorp has completed the sale of CCC Information Services to Leonard Green & Partners. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries. The sale unlocks over $550 million in proceeds for Investcorp and its investors.
Investcorp has acquired two portfolio acquisitions comprised of 16 high-quality office properties in the Greater Houston and Chicago metropolitan areas. The combined 900,000 square foot portfolio is valued at approximately $120 million.
Investcorp has failed to find a buyer for SourceMedia and the auction is busted, four sources tell peHUB. The process was expected to draw bids of 5x to 6x EBITDA but proposals came in at less than 5x, one PE executive says.
Leonard Green & Partners is to acquire a controlling interest in CCC Information Services from Investcorp. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries. Committed debt financing has been provided by certain affiliates of Goldman Sachs, including its principal mezzanine funds and J.P. Morgan.