Brad Meikle
The tremendous interest in European and UK private equity is predicated on the preferred returns that are supposed to accrue to private equity investment. Venture Economics has just published the newest volume in its Investment Benchmark Report series on private equity performance. Venture Economics has recently released a report on private equity performance on US […]
The German management consultancy group Mackewicz & Partner recently concluded a second study on venture capital. In an earlier study, Equity Partnerships in the Medium-sized Capital Goods Industry In Germany, Mackewicz & Partner showed that the German development finance market had not yet reached a stage of maturity sufficient to prevent German medium-sized enterprises falling […]
Cinven kicked off 1998 in fine style, exchanging contracts for the GBP860 million (ecu 1.3 billion) buyout of the IPC magazine group from Reed Elsevier during the first week of January, following intensive – and exclusive – negotiations during the Christmas and New Year period. The price Cinven paid was towards the upper end of […]
The buyout of the German sausage-casings manufacturer Kalle Nalo from Hoechst for an undisclosed sum was announced at the end of October. CVC Capital Partners led the deal, acquiring a majority stake in the DM320 million (ecu 162 million) turnover company. Viscose- and polymer-based sausage casings account for 80% of Kalle Nalo’s sales. The group, […]
In its debut German deal, Granville acquired Elmeg GmbH Kommunikationstechnik, GermanyOs leading manufacturer of small ISDN telephone exchanges and line testing equipment, from its family founders for an undisclosed sum. The December announcement of the financial purchase coincided with the opening of its Frankfurt joint venture with Steffens Alvano & Partner, Granville Private Equity Deutschland […]
Roventa-Henex, one of Switzerland’s largest private label watch manufacturers, was bought out from its private shareholders in a managment buyout structured and led by PPM Ventures. Terms of the transaction have not been disclosed. Roventa-Henex has operations in Switzerland, Hong Kong and the UK, where it trades as Avia Watch Company. The company manufactures products […]
A major new Swedish surgical products group, Mslnlycke Clinical, has been formed through the acquisition of SCA Mslnlycke’s Clinical Products (MCP) division and Tamro’s surgical products operations. The deal, led by Nordic Capital, was announced in October. Full terms of the transaction, which was referred to the EU competition authority for approval, have not been […]
A buyout of Crystal Holidays and Jetsave from Viad Corp of the US has formed the UK’s largest specialist tour operator. BZW Private Equity negotiated, led and financed the deal, which involved total funding of GBP150 million (ecu 222 million). The businesses acquired include Crystal Holidays, whose chairman and managing director Peter Dyer leads the […]
In its first Swiss deal, Legal & General Ventures (LGV) has acquired a majority stake in the Burkhalter Group of companies, the leading Swiss electrical contractor and network engineering provider, via a CHFr 122 million (ecu 76.3 million) MBO. The transaction was sourced via its German joint venture, LGV-Candover, which co-operates on an informal basis […]
Schroder Ventures in November led the secondary buyout of Domoservices, France’s leading central heating maintenance services group, which ranks as the group’s largest French deal to date. The acquisition consideration has not been disclosed, but is reportedly in the FFr 500-700 million (ecu 75-105 million) range. The first buyout of the company, from Elfi, was […]