Craig McGlashan

Carve-outs keep coming as Mutares agrees to buy Continental drum brake site; Livingbridge agrees to sell cybersecurity biz to Bregal Milestone portco

Continental is a German automotive parts company.

Viking Global Investors to take majority stake in Voyado; Partners to buy premium cat food biz from 3i; LP tweaks defense policy; Perwyn in first Italian deal

Voyado aims to help retail brands create shopping experiences, increase customer loyalty and drive business growth.

KKR, Stonepeak’s revised Assura bid wins board backing; AI use cases ‘in every sell-side report,’ says West Monroe; Oakley doubles up in consultancy

Assura is a listed UK healthcare real estate investment trust.

US GPs target European assets – with or without boots on ground

Though the continent offers several attractions, conducting business without boots on the ground can be difficult, say experts.

US private equity big on Europe; Advent makes £3.7bn take-private offer for precision instruments business

Advent International is looking to take Spectris, a high-tech precision measurement instruments provider to industries such as pharmaceuticals and semiconductors, private.

CVC’s Ahlsell gets regulatory nod for Skydda carve-out; TA and Warburg portco Epassi buys FPE’s Zest; Axcel closes €266m CV for SuperOffice

Epassi is a digital employee benefit payments provider headquartered in Espoo, Finland.

Inflexion, OpenGate and Montagu on the draw and challenge of carve-outs; Accel-KKR, Carlyle and Great Hill visit Europe for deals

Great Hill Partners has agreed to buy a majority stake in Peter Park System.

Private equity spots more carve-out action but barrier to entry still high

Carve-outs offer strong returns but their complexity makes it a tough market to crack, according to sector specialists.

HGGC wins major shareholder backing for Inspired take-private; KKR drops out of GlobalData race; Eurazeo plans cross-border M&A for 3P

GlobalData is a data, insights and analytics platform listed in London.

Triton’s Gahleitner says FläktGroup sale shows data center sector is robust; Charterhouse agrees to gelato and pastry ingredients exit

Charterhouse Capital Partners has agreed to sell Casa Optima, a global player in the artisanal gelato and pastry ingredients market.