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UK buyouts giant CVC Capital Partners has sold ista, an Essen-based company specialised in the submetering and billing of energy and water, to mid-market firm Charterhouse Capital Partners for €2.4bn. Part of CVC’s portfolio since June 2003, ista increased its sales under private equity ownership from approximately €460m in 2002 to around €600m in 2006, […]
Infrastructure funds acquire Cory
Platina Finance, a London and Paris headquartered private equity house, has raised €56m for Mistral Wind Farms I (MWF I), and €30m for Mistral Energy II (ME II).
French firm exits after two years
Vibration Technology was sold to Sercel
UK private equity and venture capital investor 3i has sold its minority stake in Vibration Technology (Vibtech), a developer of wireless solutions for the oil, gas and mineral exploration sector, to Sercel, a division of French seismic recording specialist Compagnie Generale de Geophysique (GGY). 3i has made £6m from the exit, valued in total at […]
Environmental due diligance first evolved in the US but is now part and parcel of the European M&A market. How do American and European approaches differ? In the States non-compliance with regulatory requirements results in fines, while in Europe, EDD is on a case-by-case basis.
First Reserve, a US-based private equity firm that specialises in energy investments, has closed its latest fund, the First Reserve Fund XI, with total commitments of US$7.8bn. Fund XI is the largest fund ever raised by First Reserve, taking the group’s assets under management to more than US$12.7bn for its private equity buyout-focused funds. The […]
Venture Production, an Aberdeen-based, independent producer of oil and gas, has acquired the entire share capital of CH4 Energy, a privately owned, UK- headquartered gas production company from its principal shareholder 3i Oil, Gas and Power. Coincidentally, 3i was also a founding shareholder in Venture where it was pivotal to the early development of the […]
3i is selling its 51% stake in Aberdeen-based Specialised Petroleum Services (SPS) Group, a provider of wellbore clean-up products and services for the oil and gas industry, to M-I Swaco. SPS’s founder and other shareholders are also exiting at this time. The purchase price for the entire company is approximately US$165m. 3i has been a […]
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