European Venture Capital Journal articles from September 2006

European Venture Capital Journal archives from September 2006

List less: public investors roil private equity manager, Richard Li.(EDITOR'S NOTE)
September 1, 2006... In The Model Millionaire, Oscar Wilde asked: "What's a butterfly to do among the bulls and bears?" This is a question many private equity principals are pondering too, as most have almost all of their personal wealth tied up in their business....

Rude health: private equity investment in the UK healthcare sector set to rise.(NEWS ANALYSIS)
September 1, 2006... It's not every day, nor indeed every decade, that a buyout the size of HCA comes along (US$33bn), and the implications for private equity in the healthcare sector could be significant. Private healthcare is one of the fastest growing...

Debt worries: private equity firms seek absolute control over secondary trading.(NEWS ANALYSIS)
September 1, 2006... With everyone getting into debt buying these days, including private equity firms, the number of new faces and the amount of liquidity in the debt market has caused consternation among many private equity firms which traditionally prefer to...

Boom town: OPEC dollars fund major private equity growth across the Middle East.(NEWS ANALYSIS)
September 1, 2006... Middle Eastern oil producing nations seem to have learned their lessons about how to invest surplus cash in an oil boom. In the 1973 to 1976 boom, 60% of the increase in OPEC's export revenues was spent on imports of goods and services. In...

Open to the public: Tom Allchorne looks at why corporates are rejecting private equity bids.(NEWS ANALYSIS)
September 1, 2006... The backlash has begun. Public shareholders have finally had enough of seeing companies delisted at one price and then sold back to them for a higher valuation a couple of years later. This year has seen a series of private equity bids rebuffed...

Balance sheets will be clear of DB schemes in five years: FSA gives thumbs up for gherkin-headquartered life assurance firm.(INNOVATION)(Brief article)
September 1, 2006... Good news comes for private equity firms that are actively avoiding take over targets with pension deficits, in the form of the FSA's authorisation of Paternoster as a life assurance company. The firm, which is headquartered in the Swiss Re...

Triago-X delays.(Triago-X)(Brief article)
September 1, 2006... The secondary transactions specialist, Triago-X, has postponed its listing on Alternext of Euronext Paris due to unsuitable market conditions. The Triago Group, founded in 1992, consists of two companies: Triago Advisors and Triago-X. It...

CalPERS' PE returns exceed HF.(California Public Employees Retirement System)(Brief article)
September 1, 2006... The California Public Employees' Retirement System (CalPERS) has posted a 12.3% return on investments for the one-year period ended June 30, 2006. The fund's alternative investment management programme, which specialises in private equity and...

F&C ups exposure.(Foreign and Colonial Investment Trust)(Brief article)
September 1, 2006... Foreign & Colonial Investment Trust has increased its private equity allocation to an annual commitment of 75m [pounds sterling] per annum with the aim of reaching a minimum exposure of 10% between 2009 and 2013. As a first step in this...

Northern Trust opens In Dublin.(ADMINISTRATION)
September 1, 2006... Investment management and fund administration specialist Northern Trust has established a dedicated private equity fund administration team for private equity funds and private equity related fund structures domiciled in Dublin.

Deal value breaks 10bn [pounds sterling] barrier: foreign PE firms find UK opportunities.(INVESTORS)
September 1, 2006... The UK buyout market had its best performance ever in the second quarter of 2006, with the value of deals breaking the 10bn [pounds sterling] mark for the first time, according to research from KPMG's Private Equity Group. Completed buyouts...

UK attracts 18bn [pounds sterling] in foreign funds: overseas companies outspend UK-based ones by six times.(Brief article)
September 1, 2006... Foreign funds totalling 18bn [pounds sterling] poured into the UK economy during the second quarter of the year as overseas companies spent six times as much money on UK assets as UK companies spent on foreign assets, according to statistics...

LPs looking for more PE action: 54% expected to increase allocations.(Brief article)
September 1, 2006... Fifty-four percent of all LPs in private equity are planning to increase their allocations, a figure which stands at US$1.3trn globally, according to data published by Private Equity Intelligence. The research shows that 41% of private...

Blame game: dividend warning.(DEFAULT RISK)
September 1, 2006... UK ratings agency Standard & Poor's has criticised private equity firms for recapitalisations, arguing that piling on the debt damages credit quality and could increase default rates. In two reports S&P looks at the current trend within the...

US still clings to top spot but not for long: industry appeal spreads further afield.
September 1, 2006... LPs are adopting an increasingly global focus when it comes to venture capital investing, according to a recent report sponsored by Deloitte Touche Tohmatsu. Around 57% of respondents identified the US as their largest source of investors;...

Close Brothers offers contrarian research: public-to-privates set for increase.(SECONDARIES)
September 1, 2006... Secondary deals used to be seen as the poor relation to prime origination but these days they are a core type of private equity transaction. However, this could all be about to end according to recent research. Close Brothers statistics show...

CROs for hire: a speedier recovery for share prices.(RESTRUCTURING)(Brief article)
September 1, 2006... In analysis based on 71 major European restructurings including Eurotunnel, Jarvis, Queens Moat Houses, Energis and Marconi by Deloitte research, it takes 26 months on average for a company to recover when the share price is in decline....

Corporates back in fashion: traditional deals regain popularity.(BUYOUTS)
September 1, 2006... So far, 2006 has seen the welcome return of the corporate vendor. Statistics from the Centre for Management Buy-out Research (CMBOR) show that traditional buyouts from corporates have made a dramatic comeback, making up over 40% of the market...

Record year: European firms raise US$41bn so far in 2006.(FUNDRAISING)(Brief article)
September 1, 2006... This year looks set to be another record-breaking fund raising year according to recent data from Private Equity Intelligence (PEI). The research reveals 263 new private equity funds have raised US$167bn worldwide so far in 2006. This is an...

European VC's bad rap is undeserved: on a par with the US says report.(RESEARCH)(Brief article)
September 1, 2006... European cities have something to boast about following the findings of a study by TLcom Capital Partners, a London based venture capital company, which compares European venture capital exit performance with that of the US. The data shows that...

Strathdon sets up new secondaries VC fund: 3i sells stake in Pancredit.(LAUNCH)
September 1, 2006... AIM-listed technology investor Strathdon Investments has set up a new secondaries VC fund. Strathdon Finance Limited, a subsidiary of Strathdon, will manage the new fund, which counts among its investors a fund-of-funds with over 1bn [euro]...

Carbon Trust launches commercial arm: another government body on venture capitalists' patch.(RENEWABLES)
September 1, 2006... The Carbon Trust, a UK Government body charged with cutting carbon emissions, has launched a commercial subsidiary to invest in and develop new low carbon business ventures. Carbon Trust Enterprises is a profit-making body and has already...

Equity gap dismissed: more deals in sub 2m [pounds sterling] bracket than any other.(Brief article)
September 1, 2006... The equity gap doesn't exist and institutional investors are more than willing to back entrepreneurs in the sub-2m [pounds sterling] category, according to a report published by research company Library House. Commissioned by UBS Wealth...

White Van Manski: Russian Oligarch certain British vans have wider appeal.(TRADE SALE)(GAZ acquires LDV)
September 1, 2006... Last year over 320,000 vans were sold in the UK, which means a significant percent of British roadways are occupied by men in England shirts smirking after slinging granny's china into the back of a Maxus. Of late, the British White Van Man...

Phoenix takes a stake in Gaucho: business is booming as foot and mouth fears subside.(SECONDARY)
September 1, 2006... Barclays Private Equity has sold its 47% stake in UK-headquartered restaurant chain Gaucho Grill to Phoenix Equity Partners in a 55m [pounds sterling] deal. Anton Wellenreiter and Dominic Geer led the investment for Barclays Private Equity. ...

Mergermarket makes 14x return for Beringea: online publishing is flourshing.(TRADE SALE)
September 1, 2006... Beringea has sold Mergermarket, the M&A data provider, to the Financial Times Group, which is a subsidiary of Person. The sale will generate a total return of 14x the original investment for Beringea and an IRR of 69%. Beringa invested in...

3.25bn [euro] Mega sale.(SECONDARY)(BC Partners bought Brenntag)(Brief article)
September 1, 2006... Bain Capital is selling German chemical distribution business Brenntag in a reported 3.25bn [euro] secondary buyout to BC Partners. The acquisition is subject to the agreement of the responsible regulatory authorities. Return details were not...

Kennet divests Cramer.(Brief article)
September 1, 2006... Kennet Venture Partners has sold Cramer to Amdocs for US$375m. Cramer is a UK provider of operations support systems (OSS), and the sale comes almost seven years since Kennet's initial investment. The UK venture firm invested a total of US$5m...

3i sells SPS.(Specialised Petroleum Services)(Brief article)
September 1, 2006... 3i is selling its 51% stake in Aberdeen-based Specialised Petroleum Services (SPS) Group, a provider of wellbore clean-up products and services for the oil and gas industry, to M-I Swaco. SPS's founder and other shareholders are also exiting at...

Bridgepoint's All3Media exit.(Brief article)
September 1, 2006... Bridgepoint has sold independent TV production company All3Media to Permira for 320m [pounds sterling]. The investment generated a multiple of 5.5x for Bridgepoint, which backed the business in a 45m [pounds sterling] MBI in 2003. ...

Wolseley provides exit again.(TRADE SALE)
September 1, 2006... CVC Capital partners sold DT Group, Norway's largest distributor of building materials to Wolseley, a UK-headquartered distributor of building materials for 1.5m [euro]. CVC Capital Partners originally invested in the company in May 2003. The...

Capvis, Gilde divest Soudronic.(SECONDARY)
September 1, 2006... Keystone Group Holding and Leonhardt Holding have acquired Soudronic AG, a manufacturer of machinery for the production of metal packaging from private equity shareholders Capvis and Glide. Financial details of the transaction were undisclosed....

Out on the tiles.(Brief article)
September 1, 2006... ABN AMRO Capital is acquiring Amtico International, a manufacturer of high end flooring, from Electra Private Equity in a secondary buyout transaction. The sale of the 98.25m [pounds sterling] business is expected to complete in four weeks. As...

Advent floats Forth.(IPO)(Brief article)
September 1, 2006... Advent Venture Partners is celebrating the listing of its fourth portfolio company on AIM since last October. Citel Technologies raised 8.2m [pounds sterling] on listing. Other Advent companies to have floated recently are Southampton...

Money for old rope and diapers and banana skins and egg shells: Terra Firma earns 1.4bn [pounds sterling] for sale of WRG Holdings.(TRADE SALE)(Fomento de Construcciones y Contratas S.A. acquires WRG Holdings)
September 1, 2006... Fomento de Construcciones y Contratas, (FCC) has acquired WRG Holdings' waste disposal business for 1.4bn [pounds sterling]. The transaction is expected to close in the fourth quarter of this year, subject to clearance from the competition...

Sovereign Capital gains 6x money on SENAD: SCLP makes first exit.(SENAD Group)(Brief article)
September 1, 2006... Sovereign Capital Partners has realised its investment in specialist education provider SENAD Group through the sale of the business in a 130m [pounds sterling] deal to an unnamed corporate buyer. The transaction has generated an IRR of 110%...

Holtzbrink portfolio completely clear: doughty makes 2.8x return on property sale.(IXIS AEW)(Brief article)
September 1, 2006... Doughty Hanson's real estate arm has sold Handelsblatt Headquarters, a publishing office located in Dusseldorf, to IXIS AEW Europe, a French based real estate manager, for over 40m [euro]. The sale means that Doughty Hanson has now sold all...

Morgan Grenfell exit.(IPO)(Piaggio e Compagnia S.p.A.'s share prices)(Brief article)
September 1, 2006... Piaggio, the Italian scooter brand, has floated on the Milan Stock Exchange. The offering, at 2.30 [euro] per share, which is at the bottom of the indicative range of 2.30 [euro] to 3 [euro], was 2.4x oversubscribed. Piaggio now has a market...

Sibelius for a song.(Brief article)
September 1, 2006... Quester VCT has sold its investment in Sibelius Software, a U K music applications software company, to Avid Technology, a NASDAQ-listed technology company. The sale is the realisation of a six-year investment that saw Quester VCT and...

Pincus partial exit.(IPO)
September 1, 2006... WNS, an Indian provider of offshore business process outsourcing (BPO) services, has floated on the New York Stock Exchange (NYSE), at a share price of US$20, giving it a market cap of US$796m. The IPO raised US$224m (176m [euro]) and makes...

CVC choses Formula one over Moto GP: Bridgepoint wins a close race for motorcycle championship.(Brief article)
September 1, 2006... Bridgepoint is to buy Dorna, the Spanish sports business that owns the promotional rights for the Moto GP Motorcycle Championship, from CVC for an undisclosed sum, although reports have put the figure at 400m [euro]. Bridgepoint is...

Cinven's first Italian investment: the private equity house spends 2.57bn [euro] on shopping trip.(SECONDARY)
September 1, 2006... Avio, the Italian manufacturer of aeroengines and space propulsion systems, that was until June expected to go public, has been sold by owners Carlyle and Finmeccanica to Cinven for an enterprise value of 2.5 7bn [euro]. Finmeccanica will...

UPC gets stranglehold on Czech cable TV market: Mid Europa makes 7.7x on Karneval sale.(TRADE SALE)(Mid Europa Partners sells Karneval Media and Forcable to Liberty Global Europe)(Brief article)
September 1, 2006... Mid Europa Partners, the Hungary-headquartered private equity firm, has sold Karneval Media and Forcable, two Czech cable TV operators, to Liberty Global Europe, for 322.5m [euro]. The deal is expected to complete in October 2006 following...

Advent builds on Spanish boom: Fides sells contruction equipment company, Euroloc.(Euroloc)(Brief article)
September 1, 2006... Advent International has bought Euroloc, an equipment company serving the Spanish construction sector, from Fides Capital and family shareholders. Advent owns 80% of Euroloc, with management and Intermediate Capital Group, a mezzanine fund,...

Healthy profits for Blackstone: as nursing home provider, Southern Cross raises 200m [pounds sterling].(IPO)
September 1, 2006... Blackstone's UK care homes operator, Southern Cross Healthcare has raised around 200m [pounds sterling] in its IPO on the London Stock Exchange. The initial public offering (IPO) price of 225 pence per share gave Southern Cross a market value...

BC finishes C&C interest.(IPO)(BC Partners sold its stakes to C and C)(initial public offerings)(Brief article)
September 1, 2006... BC Partners sold its remaining 3.5% stake in C&C, the maker of Magners cider, two years after floating it on the Irish and London stock exchanges. The shares were sold at 6.70 [euro]. Prior to the IPO, BC Partners held a 90% stake in the...

CapMan makes Drobe exit.(TRADE SALE)(Drobe Wool Company)(Brief article)
September 1, 2006... CapMan has sold its interest in the Drobe Wool Company, a textile producer, to Plaza Corporation, a industrial development company. The sale marks an exit for two CapMan funds, Finnventure IV (which held an 8.36% stake) and Finnventure V (which...

Doughty finishes with RHM.(IPO)(Doughty Hanson)(initial public offerings)(Brief article)
September 1, 2006... Doughty Hanson has sold its remaining 26.6% stake in RHM, the UK food group it floated in 2005, for 247m [pounds sterling]. The shares in the latest placing were priced at 2.66 [pounds sterling] per share, down from the 2.75 [pounds...

Interflora blossoms.(Brief article)
September 1, 2006... Barclays Private Equity France sold its stake in SFTF, the owner of the I nterflora brand in France, to 21 Centrale Partners in an MBO lead by Gerard Pluvinet and Alessandro Benetton for an undisclosed sum. The sale by Barclays brings to an...

Junk mailer pays Summit 5x returns: Summit sold Global Address.(TRADE SALE)(Summit Group and Summit Alpha sold to Harte-Hanks)(Brief article)
September 1, 2006... The Summit Group, a UK venture capital firm, and its investment company Summit Alpha has sold its investment in Global Address, a provider of postal address data software to, Harte-Hanks, a direct marketer for an undisclosed sum that is...

Awaiting the storm: the secondaries market is experiencing something of a lull at the moment--certainly when compared with two to three years ago--leaving many players concentrating on direct portfolio deals. But the cyclical nature of the market means that this relatively quiet period won't last long.(SECONDARIES)(Industry overview)
September 1, 2006... The last couple of years have been an extraordinary time for the private equity industry in terms of fund raising, investment rates and distributions to investors. Yet one area of the market has seen something of a slowdown--secondaries. Most...

Phenomenal fundraising: are mega funds cannibalising mid-sized funds.(FUNDS COMMENT)(private equity fund closures)
September 1, 2006... This summer has been phenomenal in terms of fundraising. Records for the largest private equity fund closures have been set and reset. Just three months after Permira IV issued its information memorandum it is on course for 11bn [euro], making...

3i breaks first closing target.(Brief article)
September 1, 2006... 3i has completed the first closing of its latest buyout fund, Eurofund V, on 4.3bn [euro], beyond the intended target of 3.5bn [euro], and on course for its 5bn [euro] cap, which is expected to be reached in the autumn. 3i is definitely...

US$7.8bn in three months.(Brief article)
September 1, 2006... First Reserve, a US-based private equity firm that specialises in energy investments, has closed its latest fund, the First Reserve Fund XI, with total commitments of US$7.8bn. Fund XI is the largest fund ever raised by First Reserve, taking...

DH raises 560m [pounds sterling] for property fund.(FUNDS)(Brief article)
September 1, 2006... Doughty Hanson has closed Doughty Hanson & Co European Real Estate II on 560m [euro], just under a year since it launched. The fund, which exceeded the 500m [euro] of its predecessor, will follow a similar strategy, namely seeking out...

Gresham closes fourth.(FUNDS)(Brief article)
September 1, 2006... Gresham, the UK-based MBO specialist, raised 340m [pounds sterling] in record time for its Gresham Four fund, which was oversubscribed at hard cap. Gresham invests in UK midmarket management buyouts up to 100m [pounds sterling] across a variety...

Largest non-US fund ever.(Brief article)
September 1, 2006... UK buyouts giant Permira is set to raise 11bn [euro] for its latest fund Permira IV after raising 10bn [euro] at its first closing, making it the largest ever private equity fund raised outside the US. The closing comes just three months...

TDR raises 1.75bn [euro].(finance of TDR Capital )(Brief article)
September 1, 2006... Mid-market buyout house TDR Capital has closed its second fund on 1.75bn [euro]. TDR Capital II will follow a similar investment strategy to its predecessor TDR Capital I which closed on 550m [euro] in 2002, and counts among its investments...

Largest PE fund closure.(Brief article)
September 1, 2006... The Blackstone Group has closed the world's largest private equity fund to date with total commitments of US$15.6bn. Blackstone Capital Partners V (BCP V), like its predecessor funds, will be invested across a broad range of sectors and...

GI Partners takes US$1.45bn.(FUNDS)(Brief article)
September 1, 2006... GI Partners, the trans-Atlantic private equity firm based in California and London, has raised US$1.45bn (1.1bn [euro]) for its second fund. GI Partners Fund II will continue the investment strategy of its US$526m predecessor, which closed...

Danske PEP III closes.(FUNDS)(Danske Private Equity Partners III closed)(Brief article)
September 1, 2006... Danske Private Equity has reached a final closing on Danske Private Equity Partners III on the original hard cap of 600m [euro]. The amount was raised from institutions in the Nordic countries. Companies within the Danske Bank Group have...

Final close for Palamon.(FUNDS)
September 1, 2006... Palamon Capital Partners has reached a final closing of its second fund, Palamon European Equity II with commitments totalling 670m [euro]. Palamon II is over 50% larger than Palamon's 440m [euro] maiden 1999 fund, Palamon European Equity...

Chequers final close.(FUNDS)(Chequers Capital)(Brief article)
September 1, 2006... Paris-based private equity firm, Chequers Capital has reached a final closing of Chequers Capital XV on 600m [euro]. Support from existing investors--including Access Capital, CAAM CI, Commonfund, HarbourVest, HSBC-Nobel, JP Morgan, LGT Capital...

Babson's Euro fund closed.(Babson Capital)(Brief article)
September 1, 2006... Babson Capital, the UK leveraged loan manager and Duke Street CDO spin-out, has closed Almack Mezzanine I, Europe's first dedicated mezzanine fund, on 800m [euro]. Following a first close in November 2005 at 251m [euro], the investment...

Eurazeo launch.(Brief article)
September 1, 2006... French buyout specialist Eurazeo has launched a 500m [euro] co-investment fund, holding a first closing on 345m [euro]. Eurazeo Co-investment Partners will, as the name suggests, seek to enter into syndicates with other private equity...

VCM and Golding mezzanine.(VCM Capital Management)(Golding Capital Partners)(Brief article)
September 1, 2006... VCM Capital Management and Golding Capital Partners have closed a second mezzanine fund-of-funds significantly above target at 238m [euro]. VCM Golding Mezzanine II was raised in nine months and will serve as a top-up to the group's first...

Partners close second.(FUNDS)(Partners Group)(Brief article)
September 1, 2006... Swiss alternative asset specialists, Partners Group, has raised 282m [euro] for its final close of Partners Group Global Mezzanine 2005, beating its 250m [euro] target. The fund aims to invest 70% in mezzanine funds, with the remaining 30%...

Gilde raises 85m [euro].(Gilde Healthcare Partners)(Dutch venture firm)(Brief article)
September 1, 2006... Gilde Healthcare Partners, the Dutch venture firm, has held a first closing of Gilde Healthcare II (GHC II) on 85m [euro], with a final closing on at least 125m [euro] anticipated later in the year. Banks invested 47% of the capital raised...

Robeco closes on US$200m.(Robeco Private Equity)(Brief article)
September 1, 2006... Robeco Private Equity and Rabobank Corporate Social Responsibility have closed the Robeco Sustainable Private Equity fund on target at US$200m. The fund has the mandate to commit to private equity fund investments and co-investments in the...

Orthogonal Partners' maiden.(Orthogonal Partners)(Brief article)
September 1, 2006... Orthogonal Partners, a venture set up by former members of the Sainsbury family office, is launching its first investment vehicle to create a globally diversified portfolio of assets. The funds' objective is to achieve returns of between 15%...

Spanish VC fund closes.(venture capital)(Adara Ventures)(Brief article)
September 1, 2006... Adara Ventures, a Luxembourg-based private equity firm focused on Spain, has closed its inangural fund on 50m [euro], just over a year after its June 2005 launch. The fund is to be managed by a four-strong team based in Spain consisting of...

German VC fund launched.(FUNDS)(Brief article)
September 1, 2006... German venture firm SHS has launched SHS Fonds III, a fund with a target investment volume of 70m [euro] to invest primarily in young, rapidly expanding companies in the healthcare and life sciences sectors in the German-speaking region,...

Climate Change closes VTCs.(Climate Change Capital)(Brief article)
September 1, 2006... Climate Change Capital, the renewable energy investor, has closed two more venture capital trusts following the launch of Ventus VCT in 2005. Ventus 2 VCT and Ventus 3 VCT were both launched in January 2006 and closed on May 31 with 22.3m...

Europe looks behind: although US venture capital is booming once again, life for most European VCs remains challenging for all but the top quartile. Many investors remain retrospective about European returns, despite a significant improvement in exits and the region's first spectacular home run.(VENTURE CAPITAL)
September 1, 2006... After languishing in the doldrums since the dot corn crash, Europe's venture capital market finally has something to shout about. Following a near death of realisations in 2003, the last 18 months have seen some extremely successful exits, via...

ABX Logistics.(3i Group PLC acquired ABX Logistics)(Brief article)
September 1, 2006... TARGET NATION: FRANCE DATE ANNOUNCED: 03/08/06 DEAL TYPE: LBO ACQUIRER(S): 3i TOTAL VALUE: UKNOWN MANDATED ARRANGER(S): COMMERZBANKAND EUROHYPO FINANCING: UNKNOWN Mid-market private equity group 3i has completed...

All3Media.(Permira acquired All3Media)
September 1, 2006... TARGET NATION: UK DATE ANNOUNCED: 01/08/06 DEAL TYPE: LBO ACQUIRER(S): PERMIRA TOTAL VALUE: 320M [pounds sterling] MANDATED ARRANGER(S): BANK OF SCOTLAND CORPORATE AND ROYAL BANK OF SCOTLAND FINANCING: 237M [pounds...

AMEC SPIE.(PAI Partners acquired AMEC SPIE )(Brief article)
September 1, 2006... TARGET NATION: FRANCE DATE ANNOUNCED: 22/05/06 DEAL TYPE: LBO ACQUIRER(S): PAI PARTNERS TOTAL VALUE: 1BN [euro] MANDATED ARRANGER(S): SG FINANCING: 960M [euro] Senior syndication of the 960m [euro] loan backing...

Amtico.(ABN AMRO Capital acquired Amtico)(Brief article)
September 1, 2006... TARGET NATION: UK DATE ANNOUNCED: 20/07/06 DEAL TYPE: LBO ACQUIRER(S): ABNAMRO CAPITAL TOTAL VALUE: 98.25M [pounds sterling] MANDATED ARRANGER(S): UNKNOWN FINANCING: 72.4M [pounds sterling] Laminated flooring...

Angulas Aguinaga.(Inversiones Ibersuizas acquired Angulas Aguinaga)(Brief article)
September 1, 2006... TARGET NATION: SPAIN DATE ANNOUNCED: 14/07/06 DEAL TYPE: LBO ACQUIRER(S): INVERSIONES IBERSUIZAS TOTAL VALUE: UNDISCLOSED MANDATED ARRANGER(S): RABOBANK FINANCING: UNDISCLOSED Spanish private equity fund...

Applus.(Candover acquired Applus)(Brief article)
September 1, 2006... TARGET NATION: SPAIN DATE ANNOUNCED: 05/07/07 DEAL TYPE: LBO ACQUIRER(S): CANDOVER TOTAL VALUE: 915M [euro] MANDATED ARRANGER(S): NOT KNOWN FINANCING: UNDISCLOSED Candover is looking to mandate banks to support...

Avio.(LBO SYNDICATIONS ARRANGED JULY/AUGUST)
September 1, 2006... TARGET NATION: ITALY DATE ANNOUNCED: 11/08/06 DEAL TYPE: LBO ACQUIRER(S): CINVEN TOTAL VALUE: 2.SBN [euro] MANDATED ARRANGER(S): BANCA INTESA, CITIGROUP, JPMORGAN, LEHMAN BROTHERS, RBSAND UNICREDITO FINANCING:...

Brenntag.(Brief article)
September 1, 2006... TARGET NATION: GERMANY DATE ANNOUNCED: 25/07/06 DEAL TYPE: SECONDARY ACQUIRER(S): BC PARTNERS TOTAL VALUE: 2.8BN [euro] MANDATED ARRANGER(S): DEUTSCHE BANK, GOLDMAN SACHS AND MORGAN STANLEY FINANCING: UNKNOWN ...

Carlson Wagonlit travel.(One Equity Partners acquired Carlson Wagonlit )(Brief article)
September 1, 2006... TARGET NATION: FRANCE DATE ANNOUNCED: 22/06/06 DEAL TYPE: LBO ACQUIRER(S): ONE EQUITY PARTNERS TOTAL VALUE: 1.195BN [euro] MANDATED ARRANGER(S): JPMORGAN, LEHMAN BROTHERS AND MORGAN STANLEY FINANCING: AS BELOW ...

Casema/Multikabel/Essent.(LBO SYNDICATIONS ARRANGED JULY/AUGUST)(Brief article)
September 1, 2006... TARGET NATION: NETHERLANDS DATE ANNOUNCED: 04/08/06 DEAL TYPE: LBO ACQUIRER(S): CINVEN AND WARBURG PINCUS TOTAL VALUE: UNDISCLOSED MANDATED ARRANGER(S): ABN AMRO, CREDITSUISSE, GOLDMAN SACHS, ING AND MORGAN STANLEY ...