Brad Meikle
BancBoston Capital has recruited Christian Drougge to represent its interests in the Nordic countries. Managing director Andrew Kellett said the appointment reflects BancBoston Capital’s intention of enhancing its European presence and increasing its non-UK business. “There will be further evidence of our commitment to building a pan-European business in the next three to six months”, […]
CVC Capital Partners has expanded its network of European offices to nine with the opening of a Brussels operation (EVCJ February/March 1998, page 3). Managing director Geert Duyck will head the Belgian office. He joins following ten years with BBL, where he headed the investment banking department, which specialised in equity capital markets, M&A, private […]
Over the past two years, the high-yield bond has established itself as a feature of the European financing landscape. The most recent issue completed was a DM245 million (ecu 124 million) note for Texon International, the world’s largest manufacturer of structural shoe materials. The bond, offered by Chase Securities Inc, Chase Manhattan Bank AG and […]
The UK and German funds of Apax Partners & Co have acquired a substantial minority holding in Wendeln Brot, Germany’s leading bread and baked goods manufacturer, through a “three figure millions” (Deutschmark or Sterling-denominated) investment. The funding supported Wendeln’s acquisition of the family-owned Lieken Group: by adding the Lieken Urkorn brand to its stable, the […]
Bass disposed of two major businesses, its tenanted pub estate and the Gala bingo division, to buy-ins in December. BT Capital Partners backed Roger Myers and Hugh Osmond’s GBP564 million (ecu 849 million) acquisition of the estate of over 1,400 tenanted pubs. PPM Ventures joined forces with Nat Solomon and chief executive John Kelly, paying […]
The GBP174 million (ecu 262 million) buyout of Target Express Parcels, the first deal from Legal & General Ventures 1998 Private Equity Fund LP (story, page 6) was announced in early February. The deal enables Target’s three founder shareholders to realise part of their holding in the rapidly growing company while reinvesting in the newco […]
A German start-up, Impella Cardiotechnik, plans to develop and market a cardiac support device which may eliminate the need for traditional cardiopulmonary bypass equipment during surgery. Impella was formed by Atlas Venture and Guidant Corporation, a word leader in the treatment of cardiovascular disease. Guidant has assigned to Impella exclusive worldwide rights to a microaxial […]
Fairey Group in January sold its defence and aerospace engineering business, Fairey Hydraulics (FHL), to Candover and management in a GBP55 million (ecu 83 million) buyout, the first deal for the GBP850 million Candover 1997 Fund (story, page 3). The connection between Candover and Fairey dates back to 1986, when Candover led the group’s GBP51 […]
CVC Capital Partners concluded an outstandingly active 1997 with its second Danish lead. Just before Christmas, the group’s Swedish office closed a GBP58 million (ecu 87 million) buyout of Time/System International (TSI) from quoted Finnish sporting goods group Amer, which is refocusing on its core business. TSI, which specialises in time planning systems, is headquartered […]
Georg Kastner, the founder of Rungis Express Group, led a buyout team which bought the company from the German department store chain Metro, with backing from CVC Capital Partners. No value has been disclosed for the December transaction. Rungis is the market leader for the wholesale delivery of high quality fresh food to gourmet restaurants, […]