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.


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.


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.


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.


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.

Carlyle’s Landmark Aviation agrees to buy Ross Aviation

Landmark Aviation, a portfolio company of Carlyle, has agreed to acquire Ross Aviation from Centre Partners. No financial terms were disclosed for the transaction, which is expected to be completed during the second half of 2014. Rothschild is advising Landmark on the deal while Harris Williams & Co. is advising Ross Aviation. Headquartered in Denver, Ross Aviation is a provider of fixed based operations throughout the U.S.


L Capital Management and L Capital Asia invest in luxury footwear maker Vicini

L Capital Management and L Capital Asia, two private equity firms backed by LVHM, have acquired a minority stake in luxury footwear maker and retailer Vicini S.p.A. No financial terms were disclosed. Rothschild advised Vicini S.p.A. on the transaction while DVR Capital advised L Capital. Based in Italy, Vicini S.p.A. owns the Giuseppe Zanotti Design shoe brand.

Electra to buy Hotter Shoes – Reuters

Private equity firm Electra Private Equity will acquire footwear retailer Hotter Shoes, The Telegraph reported on Sunday, writes Reuters. The shoe company, which was founded in 1959 as Beaconsfield Footwear, had hired investment bank Rothschild early last year to explore strategic options for the business.

Rothschild Reaches First Close on Five Arrows Credit Solutions

Rothschild‘s merchant banking arm has completed the first closing of Five Arrows Credit Solutions, its private debt fund focused on the Western European middle-market. The fund has with total commitments so far of 235 million euros ($302.1 million). The final closing target is 400 million euros.

PE HUB Community

Join the 12518 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget