Western Europe

LPX launches UK-listed PE index(4)

LPX, a private equity data provider, has published an index of the largest liquid UK investment vehicles. LPX’s Michel Degosciu said the listed private equity returns shown by the index will encourage more firms to embrace transparency.

DIC picks up Almatis, UBS underwrites $1bn(2)

Dubai International Capital, the Middle Eastern investment firm, has bought Almatis in a secondary deal, with loans at more than six times EBITDA provided by Swiss bank UBS.

Three Delta returns to QIA for £500m equity in Sainsbury’s bid(2)

Specialist acquisition firm Three Delta’s bid for Sainsbury’s awaits an 8 November deadline as its talks with the supermarket’s pension trustees near completion.

Terra Firma, SUEZ may start Biffa bidding war

Montagu and Global Infrastructure Partners have agreed their Biffa bid, but the waste disposal company board’s statement that rival bidders are in due diligence caused the company’s share price to rise five percent above the offer price.

Sovereign makes 5.7 return on care business sale(2)

UK mid-market firm Sovereign Capital has sold healthcare business Complete Group making a 5.7 times return on its investment and an internal rate of return of 51 percent over five years after a bolt-on investment earlier this year.

Spectrum invests $300m in genealogy company(3)

Spectrum Equity Investors will acquire a majority stake in The Generations Network, a company the firm has backed since 2003. The investment deepens Spectrum’s holdings in the online media sector.

IK buys roof repair business

The European buyout firm has bought into a part of the construction industry it believes is counter cyclical driven by regulations compelling people to fix their roofs.

3i purchases pharmaceutical company for $395m

The global investment firm has bought Nordic company Active Pharmaceutical Ingredients, signalling a possible increase in buyouts in the traditionally big pharmaceutical-dominated medical device sector.

3i, ABN AMRO back oil & gas company

Continuing the growing involvement of buyout firms in the oil and gas sector 3i and ABN Amro’s merchant banking arm have taken a £53 million stake in TSMarine.

CVC in $750m Taiwanese window deal(3)

CVC Asia Pacific added a $200 million mainland blind manufacturing business to its basket before closing the $750 million deal for shutter manufacturer Nien Made.