Equistone Partners buys Wealth at Work for $78.1 mln

Equistone Partners Europe has completed its 50 million pounds (US$78.1 million) acquisition of Wealth at Work. Financial terms weren’t announced. Palatine Private Equity, the seller, is retaining a minority stake. Liverpool-based Wealth at Work provides financial education, regulated advice and wealth management services designed for the workplace. Palatine, with the sale, is making a 3.5x return on its investment.


Ardian-backed Novacap to buy CU Chemie Uetikon

French chemicals group Novacap, which is backed by Ardian, has agreed to acquire CU Chemie Uetikon, a Germany-based maker of pharmaceutical substances. The seller is Equistone Partners Europe. No financial terms were disclosed.

MDNX Group acquires Easynet

Independent carrier integrator MDNX Group has acquired Easynet, a provider of managed networking, hosting and cloud integration services, from LDC. The merged operations of the two businesses will operate under the Easynet brand going forward.

Equistone invests in Whitworths

Equistone Partners Europe has taken a majority stake in Whitworths, a UK supplier of dried fruit, nut and seed products, from European Capital, in a transaction which values the business at 90 million pounds ($142.3 million).

Equistone to Invest in Charles & Alice

Equistone Partners Europe is investing in the Charles & Alice Group, a French manufacturer of fruit desserts. The transaction is part of a secondary MBO alongside CM-CIC Capital Finance, shareholder since 2007, and the current management team led by President Thierry Goubault.

Equistone Sells Hydrasun to Investcorp

Equistone Partners Europe has exchanged contracts on the realisation of its investment in Hydrasun Limited to Investcorp. Established in 1976, Hydrasun is a provider of integrated fluid transfer, power and control solutions to the global offshore oil and gas industry.

Equistone Partners Europe Reaches Final Close

Equistone Partners Europe has reached a final closing of Equistone Partners Europe Fund IV at 1.5 billion euros ($2 billion). The fundraising has been achieved just over one year on from the Equistone team’s spin-out from Barclays.

Equistone sells Paragon to Sun European Partners

Equistone Partners Europe has divested its investment in Paragon Print & Packaging Limited alongside its co-investor LDC, to an affiliate of Sun European Partners for an undisclosed amount. The deal represents Equistone’s fifth successful exit of 2012.

Equistone Partners Europe Divests ATPI

Equistone Partners Europe has sold ATPI to its management, backed by Intermediate Capital Group for an undisclosed amount. ATPI is a global travel management service provider with operations in business travel, corporate event management and online travel technology.

Equistone Partners Europe Acquires Sunrise Medical

Sunrise Medical, a New York-based maker of high-end wheelchairs and seating systems that was controlled by Vestar Capital Partners, is being acquired by Equistone Partners Europe, the former buyouts business of Barclays. Terms of the deal aren’t being disclosed.

Bayside Capital Backs France’s Desmet Ballestra

Bayside Capital, an affiliate of H.I.G. Capital, has completed an investment in Desmet Ballestra. Private equity sponsor Equistone Partners Europe and a small group of senior and junior lenders contributed, alongside Bayside Capital, to the financing. Desmet Ballestra, headquartered in France, is a provider of process engineering services, plants and equipment for the oil and […]

Equistone Backs Audley Travel

European mid-market private equity firm Equistone Partners Europe has invested in Audley Travel for an undisclosed sum. The Oxfordshire-based company, founded as Asian Journeys in 1996, is a tailor-made travel business, offering tours and safaris for the discerning traveller. The transaction is Equistone’s second investment from Fund IV. PRESS RELEASE Equistone Partners Europe Limited (“Equistone”), […]


Equistone Sells Firstassist Legal Expenses

Equistone Partners Europe, previously Barclays Private Equity, a European mid-market private equity firms, has sold insurance provider Firstassist Legal Expenses to Burford Capital. Total value of the transaction was approximately 28 million pounds ($43.7 million) including an element of deferred consideration to Burford Capital Limited, a provider of investment capital and risk solutions for litigation. […]

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