ABN AMRO Capital, the private equity arm of ABN AMRO, has sold Dennis Eagle Group, a UK refuse vehicle designer and manufacturer, to Spanish waste collection company Ros Roca for a reported £100 million (€148 million; $195 million) to £110 million.
ABN AMRO Capital bought Dennis Eagle in January 2004. In addition to the company’s manufacturing operations, Dennis Eagle runs a parts and service business. It has factories in the UK and a distribution subsidiary in France.
ABN AMRO Capital was advised by PricewaterhouseCoopers and Pinsent Masons. Taylor Wessing gave legal advice to Ros Roca and ING Barings provided financial services.
Ros Roca has its headquarters in Tarrega, Spain, and was founded in 1953. The company has operations in France and Germany and works with a worldwide network of distributors.
ABN AMRO Capital has funds under management of €2.8 billion. This year it has completed nine European buyouts and seven exits.
In October, the firm sold Page Group, a design and manufacturing company of aerospace lighting and cockpit controls, to Hamilton Sundstrand, a rival, for about £50 million, according to a source close to the deal.