Lawrence Aragon
US private equity firms Carlyle Group and Advent International have sold their combined stake in German window and door profile maker HT Troplast. The Troisdorf-based company, which develops, manufactures and markets PVC window and door profiles, has been bought by Arcapita, a Bahrain-headquartered investment firm. The deal, worth €775m, is Arcapita’s largest investment to date, […]
Firm: Siguler Guff & Co. Fund: Siguler Guff BRIC Opportunities Fund II Target: $1 billion Siguler Guff & Co. is readying a PPM to raise $1 billion by September for a fund of funds targeting the emerging markets of Brazil, Russia, India and China, with a heavy emphasis on India and China, a person familiar […]
Connecticut’s state pension plan, the Connecticut Retirement Plans and Trust Funds, is looking to diversify its portfolio by backing asset managers that tend to fly under the radars of most large institutional investors, including Connecticut-based firms, women and minority-owned firms, and emerging managers with less than $2 billion in assets. The state plans to back […]
Pension Fund: The Connecticut Retirement Plans and Trust Funds Program: The Connecticut Horizon Fund Target: $120 million to $150 million Targeted Managers: Connecticut-based firms, minority or women-owned firms, and emerging private equity managers Targeted Asset Classes: Buyout firms, mezzanine funds, special situations firms, venture capital firms Connecticut’s state pension plan, The Connecticut Retirement Plans and […]
Abingworth, the UK life sciences VC house, has raised Europe’s largest ever venture fund dedicated to life sciences. Abingworth Bioventures V (ABV V) has €455m at its disposal, well over the target size of €380m.
Legal & General Ventures has sold Tragus, a UK-based casual dining group, to Blackstone for £267m. Tragus is one of the largest mid-market restaurant chains in the UK with over 160 sites across the country. It is also the owner of Café Rouge and Bella Italia chains and recently launched the new Ortega tapas concept.
Prefab concrete specialist sold to LBO France
Azelis, CABB, Countrywide, Dockwise, General Healthcare Group, Gerflor, Grandi Navi Veloci, Guaber Household, HC Starck, Johnson Matthey, KION, Lil-Lets, Oxo Group, PagesJaunes, Regency Entertainment, Telepizza, Thames Water, TNT Logistics, Tragus, United Biscuits, Unither, VNU Business MediaRefinancings: Dinosol, La Seda de Barcelona, Pfleiderer
The €4bn Nordic-based, mid-market private equity firm Industri Kapital sold Gardena to Husqvarna for €730m. Husqvarna, the world’s largest producer of chainsaws, lawn mowers and other petrol-powered garden equipment will buy 100% of the shares in Gardena, an Ulm, Germany-based garden tools manufacturer from Industri Kapital.
Mercapital, the Madrid-based private equity firm, has raised €550m for its third buyout fund, €50m over its original target.