Värde Partners Enables SAV Exit

Global fund manager Värde Partners has agreed to acquire SAV Credit Limited, a UK-based specialist credit card provider, from majority shareholders Palamon Capital Partners, Electra Private Equity and Morgan Stanley Alternative Investment Partners in a deal worth £472 million. Palamon, Electra, and Morgan Stanley have supported the development of SAV from a start-up in 2002. Värde Partners first partnered with SAV Credit in March 2010 and is acquiring the business as part of its strategic growth plans.

Carlyle To Buy Integrated Dental

The Carlyle Group has agreed to buy Integrated Dental Holdings from Bank of America Merrill Lynch Capital Partners. Carlyle, in partnership with Palamon Capital Partners, plans to merge Integrated Dental with Associated Dental Practices. Carlyle will own a majority while Palamon, a UK buyout shop, will share joint governance, a statement said. Financial information wasn’t disclosed but Bank of America Merrill Lynch Capital Partners is selling all of its stake. BAMLCP is the PE arm of Bank of America.

Miranda Technologies Buys OmniBus Systems From Palamon Capital For C$48.7M ($47M)

(Reuters) – Canada’s Miranda Technologies Inc (MT.TO) said it acquired UK-based OmniBus Systems for C$48.7 million ($47 million) from private equity firm Palamon Capital Partners, to expand into the television and Internet broadcasting software segment. The Montreal, Quebec-based broadcast equipment maker expects the deal to add to earnings in the first full year of operation, […]

Palamon Capital Sells German Theme Park

Palamon Capital Partners has sold theme park Mobie Park Germany to Spanish entertainment operator Parques Reunidos. No financial terms were disclosed. Palamon acquired Mobie Park Germany in 2004, as one of six theme parks bought from Six Flags. It sold the other six in 2006.

Nordax Finans Switches PE Sponsors

Vision Capital has acquired a majority stake in Nordax Finans AB from Palamon Capital Partners. The deal valued Nordax Finans at approximately €105 million. The Stockholm-based company provides unsecured loans to individuals with “good credit standing” across the Nordic region.

PE Firms Buy UK Dental Chain

Smith & Williamson, the administrators of Kaupthing Capital Partners (former PE arm of Kaupthing Bank), has sold a majority stake in Associated Dental Practices Ltd. to a group of private equity investors that includes Palamon Capital Partners, AlpInvest Partners, Morgan Stanley Alternative Investment Partners and LDC. The total deal is valued at £136 million, including £72 million in equity. Leveraged financing was provided by Lloyds TSB Corporate Markets Acquisition Finance and Royal Bank of Scotland. Associated Dental is the second largest provider of National Health Service dentistry in the UK.

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