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Sam Barber

Italian private equity house Alto has sold its stake in underwear maker Arcte to Mariella Burani Group, in a cash and stock deal.
3i’s growth capital division has taken a 25 percent stake in Finnish mobile operator DNA Oy, previously Finnet Oy, as private equity interest in the maturing European telecoms sector shows no sign of waning.
Aberdeen Asset Management Growth Capital is using its local expertise to purchase a North Sea oil industry supplies company for approximately £15 million. Separately it is also backing a funeral services company.
Permira is buying Hayley Conference Centres through Principal Hotels for a total £358 million (€528 million; $711 million) as 3i exits from its 48.5% stake.
USS makes a $200 million (€149 million) investment in Partners Group’s new hedge fund of funds strategy that is being replicated by other large financial houses.
EQT has sold its remaining stake in Symrise, a German flavouring business. With a total return of about €1.1 billion, the investment has proved to be one of the most successful European private equity deals to date.
The optical surgical devices and eye care company Advanced Medical Optics wants to derail Warburg Pincus’ $4.8bn bid for Bausch and Lomb agreed on 16 May.
French private equity firm Axa has sold a French roofing business from its buyout fund III portfolio to a publicly-listed British construction and supplies company.
French bank Calyon has hired six leveraged buy-out bankers from Bank of Ireland as investment banks continue to compete for the top talent in private equity.
Trades Union Congress general secretary Brendan Barber has demanded the UK government act before a “speculative bubble” bursts.

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