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IK VII Fund to acquire Exxelia Group from LBO France

IK Investment Partners has entered into exclusive discussions with LBO France to acquire Exxelia Group. Financial terms of the transaction are not disclosed. Headquartered in Paris, France, Exxelia is a manufacturer of customised passive components.

Reuters – Douglas, Fosun to bid for French perfume chain Nocibe

French perfume and cosmetics retailer Nocibe has received expressions of interest from German perfume-to-books retailer Douglas Holding and from French private equity firm LBO France in an alliance with Chinese conglomerate Fosun, French daily Le Figaro said, writes Reuters. The seller, British private equity group Charterhouse, has pushed back the deadline to enter firm offers to the end of June, the paper said, writes Reuters.

Bayside Capital Makes Investment in Consolis

Bayside Capital has completed an investment in Consolis, a European manufacturer of prefabricated concrete products. The investment, executed in partnership with private-equity sponsor LBO France, forms part of a comprehensive debt restructuring aimed at reducing indebtedness and providing fresh capital to support the company’s return to growth.

Reuters – Lazard, Messier Mandated to Sell Maisons du Monde

Investment banks Lazard and Messier Maris have been mandated to sell Maisons du Monde, a furniture store chain owned by private equity firms Apax and LBO France, writes Reuters. Lazard and Messier Maris, the boutique bank controlled by former Vivendi chief executive Jean-Marie Messier, were chosen last week to run the process, writes Reuters.

AXA PE Inks Sale of Alvest

AXA Private Equity has agreed to sell Alvest to LBO France. Financial terms were not announced. AXA Private Equity has owned a majority since 2006. Alvest, a French industrial group, provider of group support equipment for airports.

H.I.G. Capital Sells DIAM to LBO France

H.I.G. Capital said Wednesday it has completed the sale of DIAM International to LBO France. Financial terms were not announced. Paris-based DIAM designs and makes luxury and retail point of purchase displays. H.I.G. invested in DIAM in 2007 through affiliates H.I.G. Europe and Bayside Capital.

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Reuters: Barclays PE, LBO France Exit in GE’S $3.2B Converteam Deal

BOSTON, March 29 (Reuters) – General Electric Co. reached a $3.2 billion agreement to acquire a maker of automation systems used in the oil and gas sector, marking the latest in a series of deals in the energy industry. The largest U.S. conglomerate said its acquisition of Massy, France-based Converteam would boost its offering of […]

GE Will Pay $3.2B For Coverteam

GE said it will pay about $3.2 billion for a 90% ownership in electrification and automation equipment maker Converteam, Reuters reported. GE is buying the company from a group of shareholders that includes Barclays Private Equity and LBO France, Reuters said. Converteam’s senior management will retain a 10 percent stake in the company.

Lenders Look to Sponsor After Terreal Loan Default

LONDON (Reuters) – Creditors of French building materials manufacturer Terreal are urgently seeking dialogue with its private equity owner, LBO France, after Terreal defaulted on a 915 million euro loan, banking sources said. Terreal failed a leverage covenant test last Friday on the loan, which specified that its leverage ratio must be eight times and […]

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