Western Europe

JC Flowers bids $1.8bn for Shinsei stake

The private equity firm that made its name turning around the Japanese bank has returned to bail out a beleaguered Shinsei with the largest-ever private equity deal in the Japanese banking sector.

Lyceum buy and build nets early exit(4)

Business services specialist Lyceum Capital has sold health and safety company National Britannia Group after two and a half years to asset manager Connaught. Jeremy Hand, managing partner, said there was considerable interest.

Hermes Private Equity buys food brands(2)

The UK mid-market firm has acquired the manufacturer of TV celebrity chef Ainsley Harriott's branded food products installing a new management team to grow the business.

IDFC Private Equity leads $100m investment in India’s Moser Baer

India’s IDFC Private Equity is leading a consortium of Singapore’s GIC Special Investments and the UK’s CDC Group to invest $100 million in the country’s largest optical storage media manufacturer Moser Baer.

Lyceum buy and build nets early exit(3)

Business services specialist Lyceum Capital has sold health and safety company National Britannia Group after two and a half years to asset manager Connaught. Jeremy Hand, managing partner, said there was considerable interest.

Graphite buys add-on gas supplier(2)

The UK mid-market firm has invested in the platform gas business it bought in June, taking total financing to more than £50m with the acqusition of Global Gas Supplies.

KKR concludes Demag exit with Argillon sale

Five years after KKR bought a mini conglomerate from German industrial giant Siemens, it has sold the last piece of it, a manufacturer of catalysts and ceramics, to its UK rival.

Candover, Electra, Lombard wind up 20-year-old investment(3)

UK-listed Candover Investments and Electra Private Equity, and San Francisco-based Lombard Investments have sold their stakes in Dakota, Minnesota & Eastern Railroad Corporation to rival Canadian Pacific after 20 years, although the firms may receive a further return in 18 years time.

Sainsburys opens books to Delta Two(4)

The UK retailer could become the second FTSE100 retailer to go private after Boots Alliance. In a bid to appease its critics Delta Two has become the first fund to commit to the Walker Report's standards of transparency and disclosure.

Goldman and Oaktree buy stake in advisor

The private equity firms have paid an undisclosed amount for a minority stake in Global Leisure Partners, an advisor and co-investor on private equity deals in the gaming, lodging and leisure industries.