Western Europe

Credit Suisse spin-out in $1.1bn ice deal(2)

GSO Capital Partners will add the largest ice manufacturer in the US to its diverse portfolio.

AVP agrees bolt-on for software business

Pertinence, a French intelligence software business backed by venture capital firms Advent Venture Partners and Partech International, has bought US rival Intercim.

Cinven wins £1.44bn BUPA hospital auction(2)

UK private healthcare group BUPA has sold its hospital arm to European buyout firm Cinven. The healthcare company exited the business because of regulation which prevented it from expanding its portfolio.

Lyceum completes eighth bolt-on for National Britannia(2)

Lyceum Capital had made an eighth bolt-on acquisition for National Britannia Group, a health and safety consultancy, as the industry looks set to become a £1 billion market in the UK by 2010.

London VCs invest $8m in Daylife(2)

New York-based news aggregation site Daylife has raised $8 million from two UK venture capital firms, in the latest example of US start-ups taking funding from VCs based in London rather than Silicon Valley.

AA and Saga in £6bn merger

Travel and insurance group Saga is to merge with the AA, the vehicle breakdown service owned by Permira and CVC Capital Partners that has been at the heart of the recent controversy over private equity. The move has provoked further union anger.

Graphite makes 4.2x return on Go Plant exit(2)

UK mid-market firm Graphite Capital has sold Go Plant, a vehicle hire business, to Easternrange. The sale has generated a return of 4.2 times Graphite’s original investment.

Carlyle floats Transics on Euronext(3)

Global buyout firm The Carlyle Group has floated Transics, a European IT business, on Euronext Brussels. The flotation, which raised €46 million, is the first major exit for the firm’s €222m Europe Technology Partners fund.

Sovereign completes latest Kinetics bolt-on(2)

Sovereign Capital has continued its buy-and-build strategy for Kinetics Group, the maintenance business it created earlier this year, with the £7.25 million bolt-on acquisition of gas maintenance company TA Horn.

Cinven wins £1.44bn BUPA hospital auction

UK private healthcare group BUPA has sold its hospital arm to European buyout firm Cinven. The healthcare company exited the business because of regulation which prevented it from expanding its portfolio.