Ares, GE provide $293 mln loan for Montagu’s buy of Open GI

The European Senior Secured Loan Programme, a joint venture between Ares Management and GE Capital, has provided a £187 million (US$293 million) loan to fund Montagu Private Equity’s buy of Open GI. Montagu announced in August it was buying Open GI, a U.K.-based supplier of software to the insurance market.

AMS to sell Gamma Knife business in Turkey to PE-backed Euromedic

American Shared Hospital Services has agreed to sell its Gamma Knife and radiation therapy services business in Turkey to Euromedic. No financial terms were disclosed for the transaction, which is expected to be completed on June 10, 2014. Euromedic is backed by Ares Life Sciences and Montagu Private Equity.

Reuters – Montagu Sells GHD to Lion Capital

Montagu Private Equity has sold the ghd hair styling brand to Lion Capital, with two sources close to the deal putting the purchase price at nearly 300 million pounds ($475.10 million), writes Reuters. The private equity groups released a joint statement announcing the transaction but did not disclose the terms.

Reuters – Distressed Investors Pile into Biffa Loans

Distressed investors are buying into loans of UK waste management firm Biffa as they attempt to take control of the company, which is restructuring its 1.1 billion pounds ($1.7 billion) of debt, writes Reuters. Biffa is owned by Montagu Private Equity and Global Infrastructure Partners. Reuters – Distressed investors are buying into loans of UK […]

EQT to Acquire BSN Medical in Secondary Buyout

EQT VI is to acquire medical supplies manufacturer BSN medical from Montagu Private Equity for around 1.8 billion euros ($2.5 billion). BSN was founded in 2001 as a joint venture between Beiersdorf and Smith & Nephew and was acquired by Montagu Private Equity in 2005. PRESS RELEASE EQT VI has agreed to acquire medical supplies […]

TowerBrook Frontrunner for Volution

TowerBrook Capital Partners is emerging the frontrunner in the auction for ventilation and heating systems manufacturer Volution. The company is currently owned by AAC Capital Partners, Reuters reported Friday. AAC, the UK team of the former buyout arm of ABN Amro, acquired Volution in 2006 from Montagu Private Equity, Reuters wrote.

Slideshow: European PE Performance First Half 2011

European private equity performance figures bode well for those European buyout funds on the fundraising trail. General partners saw double-digit positive returns in the one-year time horizon through June 30, according to Thomson Reuters Private Equity Performance Index. Looking at the overall figures, European private equity performance posted positive returns across all but the 3-year […]

Montagu Private Equity Closes $3.6B For New Deals

Montagu Private Equity, the former European buyouts business of HSBC, has raised 2.5 billion euros ($3.6 billion) for new deals, Reuters reported. The firm’s fourth fund attracted investment from pension funds, insurance companies and sovereign wealth funds from the United States, Europe, the Middle East and Asia, Reuters wrote. The firm surpassed its initial 2.5 billion euro target, and will invest in deals worth between 100 million euros and 1 billion euros.

Montagu Private Equity Will Acquire Helly Hansen Pro

European private equity shop Montagu Private Equity said that it will acquire Moss, Norway-based Helly Hansen Pro. Financial terms of the deal were not released. HH Pro provides survival and personal protection suits for the offshore and shipping markets.

Montagu Privare Equity Reviewing Options For Maplin Electrtonics: Report

Montagu Private Equity LLP, a U.K.-based mid-market European private equity concern, hired KPMG to review its Maplin Electronics portfolio company. The process could mean the sale of the retailer, people familiar with the situation told Dow Jones Newswires Friday. Montagu added Maplin Electronics to its portfolio in September 2004 for £244 million.

Sebia To Switch Private Equity Sponsors

LONDON (Reuters) – Montagu Private Equity agreed to sell French medical diagnostics business Sebia to rival Cinven, the latest in a series of buyouts focused in niche areas of healthcare. The deal announced on Monday values Sebia at about 800 million euros including debt, 12.5 times its 2009 earnings, sources familiar with the situation said. […]

Montagu Considers €2 Billion IPO for BSN Medical

LONDON (Reuters) – Private equity house Montagu has hired Morgan Stanley to plan a flotation of BSN Medical, which could value the German maker of bandages at as much as 2 billion euros ($2.7 billion), two people familiar with the matter said. Montagu had put BSN up for sale 18 months ago, but was forced […]

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