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Equistone sells work-platform lifts company Acces Industrie
During Equistone’s four-year hold the company’s headcount grew from 445 to 650 people, while revenue grew from €90m to €140m
BGF-backed Troy acquires Scott Direct
The deal marks Troy’s second acquisition since BGF invested last year
Vespa Capital backs Right Legal
The GP will invest in the portco’s team, technology and product development
Carlyle’s Abingworth closes life sciences fund at $356m
The investment group has raised nearly $1bn for life sciences since 2021
Alantra PE-backed Surexport completes trio of bolt-ons
The portfolio company welcomes Solana, AG Group and Flor de Doñana to its network
Syntagma Capital carves out Lennox EMEA business
Syntagma plans to accelerate the company’s growth both organically and through targeted M&A investments
Deal in Focus: GED acquires two AV providers
The GP estimates that Parasol Media will reach a workforce of 100 employees and sales of €30m this year
Kudu acquires stake in Apera
Minority investment to fuel Apera’s growth and diversify firm’s client base
Capvis exits ARAG Group in trade sale for €960m
The precision farming company has been acquired by Nordson Corporation, a Nasdaq-listed company manufacturing products and systems used for precision dispensing.
Waterland-backed Janssen Group bolts on Maltacourt Global Logistics
The transaction represents the sixth bolt-on by Janssen under Waterland’s leadership.
Nordic Capital and CVC-backed Cary Group scores twin bolt-ons
Cary Group, a joint portfolio company of Nordic Capital and CVC, will acquire Belgian companies Autoglass Clinic and Touring Glass, in the latest stop on its European consolidation journey.
Enterprise Investors secures 49.8% stake in Goodspeed
The GP's investment in the logistics services business, which has 2022 revenues of €18m and is aiming for €27m this year, will allow the company to expand its door-to-door delivery offering, a spokesperson told Real Deals.
Aurelius sells Distrelec Group for €365m
RS Group plc, which is listed on the London Stock Exchange, said the acquisition will 'significantly' expand its presence in key European markets.
Mutares-backed PrimoTECS Group acquires forging company BEW-Umformtechnik
The private equity firm is listed on the Frankfurt Stock Exchange and invests in special situation companies across automotive and mobility, engineering and technology, and goods and services.
Accession Capital Partners in partial exit from Spearhead
Accession Capital Partners has realised an early partial exit of its investment in data-driven agribusiness Spearhead, with JTZE Group acquiring the business’s Czech and Slovak operations.
Abris-backed Alsendo invests in Innoship
Abris first invested in Alsendo (formerly Apaczka) in 2020 via its third fund.
Genesis Capital and Integral Venture Partners back BORCAD
Central European growth investor Genesis Capital and growth fund Integral Venture Partners have acquired 100 per cent of BORCAD, a producer of train seats and interior equipment.
YFM allocates follow-on investment to Outpost VFX
The additional capital will enable the business to continue its rapid scale up by investing in high calibre artistic talent, company culture and its tech infrastructure.
Ontario Teachers exits Mémora to trade
Ontario Teachers’ Pension Plan (OTPP) has agreed to sell Mémora to Grupo Catalana Occidente.
Bluewater’s Pipeline Technique bolts on Stanley Black & Decker’s oil & gas division
Bluewater-backed Pipeline Technique (PTL) has acquired the oil & gas division from listed US firm, Stanley Black & Decker.
Kester Capital exits Avania to Astorg for over 8x
Kester Capital has exited its stake in global clinical research organisation Avania to Astorg in a deal that delivers over 8x for the selling firm. Kester has supported the succession of the founders, organic growth and M&A.
Trilantic backs carve-out of Kantar Public
Trilantic has agreed to acquire public sector advisory specialist Kantar Public from Kantar.
Procuritas makes triple Nordic bolt-on
The three Nordic acquisitions will allow Werksta to expand its operations, and strengthen its position as an independent Nordic car damage repair chain.
Riverside acquires Corporate Visions
Riverside will support the company as it pursues further growth in the education sector.
Limerston Capital exits Arch Sciences
The sale marks the end of a three year partnership and generates a return for Limerston Capital in excess of 30 per cent IRR.
CD&R sells stake in Belron to investor syndicate
CD&R has agreed the sale of a minority stake in vehicle glass replacement and repair specialist Belron to a syndicate of investors.
Limerston Capital-backed Forensic Access completes bolt-on
UK lower mid-market investor Limerston Capital’s Forensic Access Group has acquired Alecto Forensic Services Limited.
BGF backs Bloom
BGF’s backing will enable Bloom to develop the next generation of its technology, enhancing its proposition for existing customers and unlocking growth potential.
Carlyle Group acquires German logistics distribution asset
The asset itself is over 13,000 sq m, and has easy access to Munich’s city centre.
Carlyle and Brighton Park back Indegene
The Carlyle Group and Brighton Park Capital have taken minority stakes in the life sciences digital transformation business, as part of a $200m deal.
Ex-FCA chair and former Health Minister join GK Strategy
Ex-FCA chair John Griffith-Jones and former UK Health Minister Alistair Burt have joined GK Strategy. They join former Lib Dem Education and Treasury Minister David Laws and Labour’s former Care Minister Phil Hope, on the agency’s advisory team.
Main Capital Partners acquires majority stake in Alfa
Main Capital Partners has acquired a majority stake in Swedish eHealth software group Alfa.
Failed M&A auctions undergo sharp increase - Investec
The number of failed M&A auctions has risen pointedly over the past two years, according to research from Investec Corporate and Investment Banking.
Literacy Capital backs flight inspection services business
Literacy Capital has completed a significant investment into Flight Calibration Services (FCSL), a UK-based provider of flight inspection services to airports.
LBO France to acquire Dutscher group
The private equity firm has reached an agreement with Five Arrows Principal Investments and Maxime Dutscher for the acquisition of a majority stake in the business.
Apiary-backed TAG makes second acquisition
Apiary-backed TAG has acquired Leeds Enterprises. This is the second add-on acquisition made by TAG since it was acquired by Apiary Capital in 2018.
Horizon backs Purcari through Emerging Growth Fund
Horizon Capital has deployed its $200m Emerging Europe Growth Fund III to invest $7m for a minority stake in Purcari Wineries.
Permira sells part of stake in $4.2bn Duff & Phelps deal
The global advisor has been sold to a consortium featuring Stone Point Capital and Further Global.
Fondo Agroalimentare Italiano completes first exit
Fondo Agroalimentare Italiano has completed its first exit with the sale of its stake in Italian puff pastry company Sfoglia Torino.
Ardian backs Portuguese ingredients group Frulact
Frulact is based in Maia in Porto and has turnover of around €115m. The company was founded by the Miranda family in 1987 and is led by João Miranda.
Ambienta’s Aromata acquires Nactis Flavours
Ambienta portfolio company Aromata has acquired Nactis Flavours, producer of aromatic raw materials, ingredients and flavours to the food and drinks industry.
Meridia completes two new deals
Meridia completed a deal for fresh fruit juice machine company Zummo and exited pet care company Kipenzi last month.
Taste of Italy acquires Turatti
Taste of Italy, managed by DeA Capital Alternative Funds, has acquired a 69.3 per cent stake in family-owned Turatti.
Hellman & Friedman acquires AutoScout24 for €2.9bn
The deal for the Munich-based company comes after Permira, Apax and Carlyle submitted bids of at least €2bn for the company in October.
Bolt-on roundup
Here is a round-up of the bolt-on and add-on deals that have taken place this week, including Apposite Capital and LDC.
Riverside invests in HealthTech BioActives
Earlier this year, Riverside launched its own Flavor & Specialty Ingredient Industry Advisory Board, due to encouraging trends in the food ingredients market.
Buy & Build outperforms European M&A and buyout activity
According to Silverfleet's latest European Buy & Build monitor, there were 368 add-ons in H1 2019, outperforming mid-market M&A and buyout indices for the first time.
European VC deal value at an all time high
The figure exceeds last year’s total VC deal value and, with one quarter left to go, is estimated to reach north of €30bn by the year end.
Puma Private Equity invests £2.75m in MyKindaFuture
The funding from the UK-based investor will allow the company to expand on its offering, improve retention rates and skills shortages, and further develop its tech platform.
Ex-BlueBay Private Debt business launches Arcmont
Arcmont has €13bn in AUM and has also launched a capital solutions strategy to provide flexible capital in a downturn.
Advisory service Intuitus sold to Endava
Endava, that is seeking to grow its private equity services, has acquired tech and due diligence advisory service provider Intuitus.
Rothschild set to acquire Livingstone’s UK business
Livingstone has cooperated with its London-based team since the firm was founded in 2007.
Tikehau offloads Eurazeo shares for €224.3m
Following completion, Tikehau will retain a 5.1 per cent residual stake in Eurazeo share capital.
GPF Capital acquires private aviation group Gestair
The deal marks an exit for Nazca Capital, having owned the aviation company for five years.
Investcorp seals acquisition of Vivaticket
The firm has a strong track record in the business services and technology sectors with Vivaticket marking its third European investment in the space this year.
EQT IPO generates high demand
Within two hours of opening the order book, EQT has reportedly generated sufficient interest to justify its €1.1bn to €1.2bn valuation.
ADM Capital leads €60m funding round into M2i Life Sciences
The investment was made from ADM’s Cibus Fund that invests in sustainable companies that disrupt traditional practices; M2i is well positioned to add to this.
Endless sells James Briggs to trade
Its takeover by car care manufacturer Tetrosyl marks the end of a five year ownership period by Endless, following its initial investment in 2013.
Blackstone set to merge data company with LSE
A deal could be agreed by the end of the week, but a long antitrust process is expected that could last as long as 18 months.
Progressio acquires Damiano S.p.A.
Damiano is the fourth investment made by the Progressio Investimenti III Fund that closed on its €250m hard cap.