Deal round-up 23/04/02

DrKC funds Italian MBI; CBGC backs floor company acquisition

DrKC funds Italian MBI

Appliance Components Companies (ACC), an Italian firm backed by Dresdner Kleinwort Capital (DrKC), has announced that it is to acquire the motor operations of Electrolux. Italian investment banks Centrobanca and Friulia have also backed the deal.

DrKC's investment in this deal comes from the team's Dresdner Kleinwort Benson Fund Italia which closed in December 2000 and is worth approximately E85m. The fund is dedicated to mid-market Italian private equity deals. Previous investments from the Fund by DrKC include in companies such as Selesta, Eurolabour, Mecaer and Cantieri di Pisa.

CBGC backs floor company acquisition

Close Brothers Growth Capital (CBGC), the UK-based provider of combined debt and equity funding, has provided £3m of debt and equity funding for the acquisition of Brayshay Holdings Limited by The Resilient Flooring Company.

The transaction creates a specialist floorcoverings business focused primarily on resilient floor coverings. Brayshay is being acquired from its management team and backers including 3i. CBGC invests in situations in any sector where the total funding requirement is between £2m and £25m. As in this instance, the firm aims to be the only (or main) financial institution involved.