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Gilde Leads Buyout of Lacquer Systems Group

20 years ago

Hickson International of the UK in October sold its Netherlands-based lacquer systems division, including a German subsidiary, Hickson Coatings Deutschland, to a Gilde-led buyout. The group has been renamed Doelfray and Macostan Coatings (D&M Coatings). The price paid for the company, which increased its turnover from DFl 45 million to DFl 50 million (ecu 22.5 […]

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ACT Completes IRGBP 18 Million Lifestyle MBO

20 years ago

ACT Venture Capital in November completed the IRGBP 18 million (ecu 23.6 million) buyout of Lifestyle Sport, a major deal in the context of the Irish buyout market. Lifestyle Sport is the largest sportswear retail chain in Ireland, with 49 shops operating throughout both the Republic and in Northern Ireland, and a leading market position […]

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Alpha Has Active End to Year: Five Deals Close

20 years ago

The Alpha Group has ended 1997 on a high note, with five deal completions announced since mid-September. These took the firm’s tally of investments for the year to seven, involving direct investment of FFr 340 million (ecu 51.4 million) by Alpha Group funds alongside FFr 643 million of co-investment by its fund participants. The group’s […]

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NatWest Equity Partners Acquires Util of Turin in MBI

20 years ago

The buy-in of Sogepas/Util of Turin is the most recent investment in Italy by NatWest Equity Partners (NWEP), which next year plans to raise its first LP fund for buyouts in Western Europe (story, page 10). NWEP backed Franco De Gennaro, the former managing director of DEA who previously was general manager of Sandretto Industrie, […]

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Phildrew and UBS Capital Link for Trident Deal

20 years ago

Phildrew Ventures and UBS Capital announced in October their acquisition of the majority of FKI plc’s Automotive Division. The deal is due to complete in December. A new company, Trident Automotive, was formed to effect the acquisition, for $157.5 million cash (ecu 141.4 million), subject to a possible adjustment based on net assets at completion. […]

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Domoservices Is Sold in Secondary Buyout

20 years ago

Schroder Ventures in November led the secondary buyout of Domoservices, France’s leading central heating maintenance services group, which ranks as the group’s largest French deal to date. The acquisition consideration has not been disclosed, but is reportedly in the FFr 500-700 million (ecu 75-105 million) range. The first buyout of the company, from Elfi, was […]

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First Swiss Deal for LGV

20 years ago

In its first Swiss deal, Legal & General Ventures (LGV) has acquired a majority stake in the Burkhalter Group of companies, the leading Swiss electrical contractor and network engineering provider, via a CHFr 122 million (ecu 76.3 million) MBO. The transaction was sourced via its German joint venture, LGV-Candover, which co-operates on an informal basis […]

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BZW Private Equity Leads Major Holidays Deal

20 years ago

A buyout of Crystal Holidays and Jetsave from Viad Corp of the US has formed the UK’s largest specialist tour operator. BZW Private Equity negotiated, led and financed the deal, which involved total funding of GBP150 million (ecu 222 million). The businesses acquired include Crystal Holidays, whose chairman and managing director Peter Dyer leads the […]

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Nordic Capital Creates Surgical Products Group

20 years ago

A major new Swedish surgical products group, Mslnlycke Clinical, has been formed through the acquisition of SCA Mslnlycke’s Clinical Products (MCP) division and Tamro’s surgical products operations. The deal, led by Nordic Capital, was announced in October. Full terms of the transaction, which was referred to the EU competition authority for approval, have not been […]

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PPM Ventures Backs Swiss Watch Buyout

20 years ago

Roventa-Henex, one of Switzerland’s largest private label watch manufacturers, was bought out from its private shareholders in a managment buyout structured and led by PPM Ventures. Terms of the transaction have not been disclosed. Roventa-Henex has operations in Switzerland, Hong Kong and the UK, where it trades as Avia Watch Company. The company manufactures products […]

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Granville Closes Maiden German Deal

20 years ago

In its debut German deal, Granville acquired Elmeg GmbH Kommunikationstechnik, GermanyOs leading manufacturer of small ISDN telephone exchanges and line testing equipment, from its family founders for an undisclosed sum. The December announcement of the financial purchase coincided with the opening of its Frankfurt joint venture with Steffens Alvano & Partner, Granville Private Equity Deutschland […]

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CVC Buys Hoechst Sausage Casings Business

20 years ago

The buyout of the German sausage-casings manufacturer Kalle Nalo from Hoechst for an undisclosed sum was announced at the end of October. CVC Capital Partners led the deal, acquiring a majority stake in the DM320 million (ecu 162 million) turnover company. Viscose- and polymer-based sausage casings account for 80% of Kalle Nalo’s sales. The group, […]

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