Private Equity

Middle East

3i makes 3x money on UK engineering exit

London-listed investor 3i has generated £22m in proceeds on its 1994 investment in engineering company Tensar through a sale to Arcapita-owned US business Tensar Corporation.

2 min read · 03 January 2013

Arcapita exits paving company

The Atlanta-based firm formerly known as Crescent Capital has sold B.R. Lee Industries for $129.5 million, after purchasing the company in 2000 for around $65 million.

1 min read · 03 January 2013

Mitsubishi affiliate in UK buyout

Red Diamond Capital, the New York-based affiliate of Mitsubishi, has backed the management-led buyout of UK-based Avon Rubber’s automotive division with £63m.

1 min read · 03 January 2013

Carlyle and ONG invest in Dutch chemicals

Global private equity house Carlyle and Dutch buyout firm Oranje-Nassau Groep have stumped up €160m to acquire Dutch specialty chemicals business Stahl from Investcorp in a €520m transaction.

2 min read · 31 December 2012

HgCapital exits Travelsphere for £155m

The London-headquartered private equity firm said it has returned a total of £50.1m to investors following the sale of UK travel operator Travelsphere to Electra Partners Europe.

2 min read · 31 December 2012

PPM Capital exits industrial parts business

Investcorp has made its second acquisition of a French auto parts distributor in the last month with the purchase of Orefi from PPM Capital for an undisclosed sum.

2 min read · 31 December 2012

A toast to Turkey from TPG

The San Francisco-based firm will invest in a Turkish alcoholic beverage maker in the first of what it says will be many investments.

2 min read · 31 December 2012

KPS flips Ashcroft

New York-based KPS Special Situations has agreed to sell Ashcroft Holdings, unloading the company to Tokyo’s Nagano Keiki in a deal that will yield a 2x equity return.

2 min read · 31 December 2012

Advent sells Romanian pharma for $324m

India’s Ranbaxy Laboratories, unsuccessful in its bid for 3i’s German pharma business betapharm in February, has paid $324m for Advent International-backed Terapia.

2 min read · 31 December 2012

French duo complete €210m roofing deal

The French arm of ABN AMRO Capital and Paris-based Astorg Partners have supported the €210m management buyout of roofing and packaging business OFIC Group.

1 min read · 31 December 2012

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