Western Europe

Citi mulls backing $12.5bn KKR debt vehicle

US bank Citi is considering backing a leveraged loan debt vehicle set up by US buyout firm Kohlberg Kravis Roberts to take advantage of the $300 billion leveraged loan backlog.

Deutsche Beteiligungs exits tool company after nine years(3)

Engineering company A-Tec Industries has bought Dőrries Scharmann Technologie, a machine tool company, from German buyout firm Deutsche Beteiligungs. Mysterious investor group the Arabic Finance Circle is simultaneously attempting to buy a substantial stake in A-Tec.

Exponent reunited with Kahn for Cardsave deal(3)

Exponent Private Equity has teamed up with old ally Clive Kahn, the former boss of Travelex, for the £70 million acquisition of Cardsave, a UK-based firm that supplies credit card terminals to small retailers.

Creative Ventures scores debut investment(2)

UK venture capital firm Creative Ventures has made its first investment since it was founded in late 2006.

Swiss group rebuffs BC and Cheyne

European buyout firm BC Partners and Cheyne Special Situations Fund have been refused access to the books of Quadrant, a Swiss plastics group, despite offering a significant premium to the company’s share price.

Partners Group profits up 72%(3)

Mid-year profits for Swiss alternative asset manager Partners Group have risen 72 percent compared to the same period last year, while its assets grew more than 60 percent.

Enterprise Investors makes 10x return from IPO

Central and eastern European buyout firm Enterprise Investors has made a ten times return on its partial exit from financial services company Magellan.

Marel pressures Candover Stork bid(2)

Icelandic food processing group Marel has upped its stake in Dutch conglomerate Stork placing pressure on UK buyout firm Candover’s accepted bid.

Piper makes 6x return from Las Iguanas(3)

Piper Private Equity has sold its minority stake in UK Latin American-themed restaurant chain Las Iguanas to Bowmark Capital for £27 million, registering a 6 times return with a 40 percent IRR over five years.

Milestone makes it six for 2007(2)

Milestone Capital Partners has made yet another exit, with the £70 million sale of hotel business The Eton Collection to rival group JJW Luxury Collection.