PAI Partners has acquired ADB Solutions from Montagu Private Equity. Terms of the transaction, which is subject to regulatory clearances, were not disclosed.
Equistone Partners Europe Limited has acquired a majority stake in Bretèche Industrie Group. Céréa Capital has co-invested alongside Equistone and members of the management team. The previous owners Azulis Capital (which has held the majority of the group’s equity since 2006), Unigrains, and the Group’s founder, Daniel Bréfort, have sold their interests in the group.
HgCapital has sold Computer Software Holdings Limited to Advanced Computer Software for an enterprise value of 110 million pounds ($164.1 million). HgCapital acquired CSH as part of its purchase of Iris Software Group in 2011. CSH is a provider of software to the UK legal and not-for-profit markets.
A consortium led by 3i Group has agreed to acquire Óticas Carol, a Brazilian eyewear retailer from Brazilian entrepreneur Marcos Amaro. As part of the transaction, OC CEO Ronaldo Pereira will significantly increase his equity stake in the company. Institutional investors Neuberger Berman and Siguler Guff are co-investing alongside 3i in the transaction, which is expected to close by the end of March. The combined equity investment amounts to R$108 million (£36.4 million).
ABRY Partners is apparently increasing its stake in Datapipe, sister Web site peHUB reported. Datapipe is in the market with $327 million in loans that will be used to refinance company debt and enable ABRY to increase its stake in the company, according to Thomson Reuters Loan Pricing Corp. Moody’s Investors Service said the $327 […]
Source Refrigeration & HVAC, which is backed by Arsenal Capital Partners, has acquired TP Electrical. Financial terms weren't announced. White, Ga.-based TP provides electrical and EMS contracting services to grocery, commercial, industrial, and retail clients across the Southeastern United States.
In M&A, March didn't really come in like a lion. The first full week of the month saw only 96 U.S. announced transactions, valued at roughly $8.3 billion, according to Thomson Reuters.
Today, we have a guest columnist from overseas opining on the EU LBO market--can SWFs bail out PE funds?
Sycamore Partners, the private equity firm founded by former Golden Gate Capital executives, has clinched another retail deal. New York-based Sycamore said today it agreed to by Hot Topic, a teen retailer, for about $600 million or $14 a share.
U.S. private equity firms Blackstone Group and TPG Capital have placed separate final bids for Australia's largest poultry producer, Inghams Chicken, sources with direct knowledge of the matter told Reuters on Thursday. The bids could value the privately owned company at around A$800 million dollars ($821 million), two sources said. Ahead of Thursday's deadline, Blackstone and TPG both submitted final bids backed by bank financing, with Blackstone tapping funding from U.S. markets and TPG using a consortium of commercial banks, Reuters wrote.