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Gilde Backs WorldStreet

19 years ago

The Gilde IT Fund in June invested $1.5 million (ecu 1.2 million) in WorldStreet Corporation as part of a $5 million funding round led by Advanced Technology Ventures of the US. Massachusetts-based WorldStreet, founded in 1996, develops next-generation client-management applications for institutional sales personnel in the securities industry. WorldStreet will use the investment to fund […]

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Apax Partners Backs Groupe Dagard MBO

19 years ago

Apax Partners & Cie, which is in the process of raising its fifth fund (story, page 5), in July completed the MBO of Groupe Dagard, France’s leading manufacturer of thermal and isolation panels. Dagard’s panels are used in the construction of cold storage facilities and food and chemicals processing plants, and the company is also […]

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MTI Partner Enters Renewable Energy Sector

19 years ago

UK early-stage specialist MTI Partners in early July led a GBP3.5 million (ecu 5.2 million) funding for Intersolar Group, the UK’s only manufacturer of photovoltaic components for solar energy production. The new capital will enable the company to triple capacity at its South Wales plant, giving Intersolar a leading international position among producers of thin-film […]

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Advent Leads Synergon’s Follow-On Funding

19 years ago

Advent International and its affiliate Equinox Ventures have together supplied $3 million (ecu 2.7 million) of follow-on funding for Synergon Informatika, a leading Hungarian IT services group. Synergon’s main activities include systems integration for voice and data networks, enterprise resource planning and financial software and CATV network design and installation. The group has an estimated […]

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PPM and Duke Street Expand Gala Clubs

19 years ago

Gala Clubs, the subject of a GBP300 million buyout led by PPM Ventures last December in July acquired the Ritz Bingo business from Duke Street Capital for GBP36 million (ecu 53 million). Ritz Bingo was also the subject of a December MBO, led by HEV – now Duke Street Capital (story, page 4) – for […]

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HSBC PE Buys Auto Windscreens

19 years ago

Heywood Williams Group in August sold Auto Windscreens, one of the two leading automotive glass replacement and repair companies in the UK and the Republic of Ireland, to HSBC Private Equity for GBP77.2 million (ecu 113.9 million). The company, which employs approximately 1,500 people at 150 locations in the UK and Ireland, reported operating profits […]

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Apax Backs US Genomics And Diagnostics Groups

19 years ago

Apax Partners & Co Ventures announced two fundings for US-based companies early this summer. The London-based group co-led a $31.8 million (ecu 28.7 million) private placement for Lexicon Genetics Incorporated of Woodlands, Texas, and participated in an $18 million (ecu 16.3 million) mezzanine round for Accumetrics Inc. of San Diego. The placement for Lexicon, managed […]

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Electra Fleming Buys Out GLI

19 years ago

Electra Fleming & Associis, the Paris office of the UK-based private equity group, in July announced the buyout of Gaz Liquifie Industrie (GLI) from Groupe UNI. The acquisition consideration was not disclosed. GLI is the leading European manufacturer of bottles and tanks for liquid petroleum gas. Headquartered in Paris, the company has three industrial subsidiaries […]

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DBAG Acquires Two Engineering Groups

19 years ago

Deutsche Beteiligungs AG Unternehmensbeteiligungsgesellschaft (DBAG) this summer completed separate acquisitions of two German engineering businesses. DS Technologie Werkzeugmaschinenbau was acquired from the liquidators of Drries Scharmann, its parent company. GAH Anlagentechnik, a listed company, was taken private via a buyout from its two major shareholders. Mnchengladbach-based DS Technologie manufactures production-line equipment and processing centres for […]

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Alchemy Partners Plans Moore Paragon Turnaround

19 years ago

Alchemy Partners in August announced the MBI of Moore Paragon, the European forms and labels business of Moore Corp. Ltd of Canada. The deal, which had a headline value of $41 million (ecu 37 million), was the 22nd investment made by Alchemy since its foundation January 1997. Moore Paragon has operations in the UK and […]

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Barclays Private Equity Closes First Belgian Deal

19 years ago

Luc Thijs, the founding owner of Alro, the Belgian group that leads the European market in painting and coating components for the automotive industry, turned to UK private equity providers when he sought to sell a majority of his business. Barclays Private Equity won the deal against competition from other UK financial purchasers and completed […]

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Schroder Backs Derek Lewis In GBP150 Million Build-Up

19 years ago

Derek Lewis is joining forces with Schroder Ventures, which backed the highly successful Technology buyout, and Andrew Needham, head of corporate finance at solicitors Addleshaw Booth & Co, to launch an IT services group building business, DataGroup. Derek Lewis has spent 28 years in the IT industry, working for IBM, Olivetti and ICL, and leading […]

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CVC Unveils Clutch of Deals For Its Giant European Fund

19 years ago

In the month leading up to the July final close of the $3.1 billion CVC European Equity Partners II fund (story, page 4), CVC Capital Partners announced three new deals. A fourth transaction, a buyout of Bols Royal Distillers from Koninklijke BolsWessanen, is expected to complete at the end of August. The $86 million (ecu […]

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Carlyle Europe Partners Wraps Inaugural Deal

19 years ago

The Carlyle Group in late July announced the ecu 1 billion final close of its first European fund (story, page 10) and simultaneously unveiled the vehicle’s initial investment, the buyout of Genoyer. The Marseilles-based company, previously owned by its founder, Maurice Genoyer, is one of the world’s principal manufacturers of fluid piping equipment and valves. […]

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BC Partners Takes Wheel at Auto Trader

19 years ago

BC Partners in July announced the GBP260 million (ecu 383 million) purchase of Hurst Publishing, the privately owned company best known for its Auto Trader titles, the weekly regional magazines for classified automotive advertising that are published in conjunction with Guardian Media Group (GMG). The UK used-car market has grown by more than 45% since […]

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Doughty Hanson Acquires Leading Aerospace Group

19 years ago

Doughty Hanson will pay BTR GBP510 million (ecu 752 million) for the four businesses that comprise the BTR Aerospace Group. The deal, announced at the end of July, is scheduled to complete in September. The target companies, which will be renamed Dunlop Standard Aerospace Group, are Standard Aero, Dunlop Aviation Division, Aero Engine Equipment and […]

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Gilde and Axa Show Sweet Tooth

19 years ago

Campbell Soup Company of the US in May sold its Continental Sweets Europe subsidiary for an undisclosed sum to an MBO team backed by the Gilde Buyout Fund and Axa Private Equity Fund. The deal was Gilde’s second buyout from Campbell Soup, after the its 1997 investment in the German gourmet food products specialist Beeck […]

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HSBC Private Equity Invests in HCT Shaping Systems

19 years ago

HSBC Private Equity in May led and arranged an institutional funding for HCT Shaping Systems, a Swiss company specialising in machinery and systems for cutting silicon wafers for the semi-conductor and photovoltaic industries. HCT’s wire-saw cutting technology enables silicon wafers to be cut with more precision than conventional diamond-saw equipment, thus reducing wastage and obviating […]

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