Western Europe

Change Capital Partners in second deal in a week(3)

Change Capital Partners has become the controlling shareholder in a company formed from the merger of four Spanish electrical goods retailers in its second deal in a week, and may raise its second fund in 2007.

August Equity sells windows business for £42.3m(3)

August Equity has sold a windows manufacturer in its third exit of the year.

First Reserve sells Aquilex

First Reserve, a US private equity firm that specialises in the energy sector, is selling Aquilex to Harvest Partners.

Barclays Private Equity sells retailer for £51.5m

Barclays Private Equity has sold a women’s wear retailer for £51.5m to a consortium led by Kaupthing Principal Investments, which is bringing in a “high profile chief executive officer” to head the business in the coming months.

Investcorp buys industrial materials business(2)

Investcorp, a Bahrain and London-listed alternative assets manager, will buy Armacell International, an insulation manufacturer, for an undisclosed amount, in its second acquisition in the industrial sector this year.

Risk Capital Partners makes 2.5 times return on marketing company sale(3)

Risk Capital Partners has made its fourth full exit in the past 15 months with the sale of its 25 percent stake in the creative design and marketing services company Loewy.

TPG, Apollo to buy Harrah’s for $17bn

After months of negotiation, the board of the gaming company has agreed to a sweetened offer from the two private equity firms.

Inflexion buys software company(3)

Inflexion Private Equity has completed its second transaction in a month with a £12 million buyout of a software company, a week after it sold its £19.1 million venture capital trust.

Kennet makes third exit of 2006(2)

Kennet Partners, a private equity firm, has sold a risk management business to IBM in its third exit in 2006.

HgCapital acquires German toy company(3)

The sector-focused buyout group has sealed its sixth German deal by buying Schleich, a manufacturer of high quality plastic toys.