606 Views

Advent, Bain and Clessidra to buy ICBPI

A consortium comprised of Advent International, Bain Capital and Clessidra have agreed to acquire Istituto Centrale delle Banche Popolari Italiane S.p.A. for a consideration of 2.15 billion euros. Rothschild, HSBC and Vitale & Associati served as financial advisors to consortium. Based in Milan, ICBPI is a banking services provider.

133 Views

CD&R exits BCA

Clayton, Dubilier & Rice has sold British Car Auctions, a Europe-based seller of used vehicles, to Haversham Holdings for about 1.2 billion pounds. According to terms of the deal, BCA shareholders will receive 701 million pounds in cash and 104 million pounds in stock. The transaction is expected to be completed in early April. HSBC Bank plc, J.P. Morgan Limited, Rothschild and UBS Limited provided financial advice to CD&R.

216 Views

The Foschini Group buys Phase Eight for $362.1 mln

TowerBrook Capital Partners has sold Phase Eight to The Foschini Group in a deal valued at £238 million (US$362.1 million). Phase Eight is a womenswear brand that sells wedding dresses, knitwear and evening wear. Weil, Gotshal & Manges, Rothschild and Deloitte advised TowerBrook.

174 Views

Apax Partners to acquire Dutch software firm Exact

Apax Partners has agreed to buy Exact Holding for 730 million euros, the latter firm confirmed on its site. Rothschild and Lazard are providing financial advice to Exact on the transaction while Leonardo & Co., RBC Capital Markets, Deutsche Bank and ING Corporate Finance are serving as financial advisors to Apax. Based in The Netherlands, Exact is a business software provider. To read the announcement, visit here.

134 Views

Centre Partners closes Ross Aviation sale to Carlyle

Centre Partners Management said Tuesday it has closed its previously announced sale of Ross Aviation to Landmark Aviation, which is backed by The Carlyle Group. Financial terms weren’t announced. Denver-based Ross Aviation provides aviation fueling, hangar and other line services to business and commercial aviation customers. Rothschild advised Landmark on the deal while Harris Williams & Co. advised Ross Aviation.

134 Views

Evercore forms European debt advisory group

Evercore has formed a European debt advisory business led by Swag Ganguly, who has joined the firm as a senior managing director from Rothschild in London. Ganguly will be supported by Mark Craig, who joins as a managing director from Lloyds Bank in London.

BC Partners could sell Spotless Group – Reuters

Private equity group BC Partners is considering selling French domestic cleaning products maker Spotless Group and is looking for a price tag of between 900 million euros ($1.23 billion) to 1 billion euros, writes Reuters. Bankers Rothschild and JP Morgan are likely to be selected to conduct the sale of the Spotless Group.

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