Western Europe

Clessidra invests in Welsh renewables

The Italian buyout firm headed by Claudio Sposito, the former chief executive of Fininvest, Silvio Berlusconi’s holding company, has made its first investment outside Italy.

Lion Capital goes camping with Belgian retailer(4)

The buyout firm is hoping to transfer its success with women’s shoes and lingerie retailers into the outdoor equipment and clothing market with its purchase of AS Adventure.

Iberia financing nearly in place(2)

The TPG Capital-BA consortium has secured a team of banks to underwrite its bid for Spanish airline Iberia, after the chief executive of the UK airline Willie Walsh said the bid would be tabled within four to six weeks.

PPM Capital spins out from Pru, MacDougall lambasts Walker report(4)

PPM Capital, the European mid-market firm, has spun out from financial services company Prudential. The team’s leader Neil MacDougall is pleased to be leaving behind large corporate red tape.

Ontario Teachers' and AIG augment Mexican power portfolio

A $304 million deal for two Mexican power plants has been completed by InterGen, a company backed by Ontario Teachers’ and AIG’s private equity arms.

Octopus and Foresight make 4.4x return from outsourcing company(4)

Octopus Private Equity and Foresight Group, the small and medium enterprise investors, have sold their controlling stakes in outsourcing company Covion Holdings with an 84 percent internal rate of return over two and a half years.

Bridgepoint to auction credit collection agency

The sale of a credit collection business is likely to attract interested bidders looking to consolidate the sector, which will see increased activity as defaults rise.

PPM Capital spins out from Pru, MacDougall lambasts Walker report(3)

PPM Capital, the European mid-market firm, has spun out from financial services company Prudential. The team’s leader Neil MacDougall is pleased to be leaving behind large corporate red tape.

Virgin Active to appoint adviser for sale(3)

Virgin Active, the Bridgepoint and Permira-backed UK gymnasium, is considering appointing an adviser to sell the company next year.

H&F agrees €310m marine engineering deal

Hellman & Friedman will purchase a 30 percent stake in Paris-based Gaztransport & Technigaz, which builds ship storage and transport systems for liquefied natural gas.