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Arcapita buys French logistics firm from SagardThe Bahrain-based bank has completed what it says is France’s largest LBO this year, a secondary deal for Compagnie Européenne de Prestations Logistiques. Sagard has exited the company in a transaction valued between €550m and €600m after receiving 21 first-round bids from groups including Doughty Hanson and Goldman Sachs.
- Astorg Partners buys Photonis from AXA
AXA and Photonis’ management have agreed to give workers an exceptional bonus in line with Dominique Senequier’s contentious assertion last week that workers should also enjoy the fruits of outsize returns.
- Investcorp buys Italian pump and valve maker
The Middle East firm is buying CEME Group from Barclays Private Equity in a mid-market secondary buyout. Management is rolling over its investment.
- Doughty Hanson pays €750m for BPO company
The European buyout firm has made its first foray into financial services with its second deal of the year beating off stiff competition from US rivals in an auction run by UBS.
- Cohen backs hedge fund buyout
International Asset Management, one of the oldest fund of hedge funds, has regained its independence in a management-led buyout partly funded by private equity veteran Sir Ronald Cohen.
- Silverfleet sells truck parts business to Cinven
In Cinven's second deal of the day it is buying into the global growth in logistics helping Silverfleet to a return of 3.1x on its original investment in truck parts maker Jost World.
- Warburg Pincus scores 3x healthcare exit
An agressive roll out of Euromedic International by Warburg Pincus and its co-investors has trebled the firm's original investment. The company has been sold to Merrill Lynch's private equity group and Ares Life Sciences for some €800m.
- Darby replaces Asia head
The private equity arm of Franklin Templeton Investments has appointed David Hudson as the head of its Asia operations, following the departure of Sean Wallace.
- Hg in €185m Swedish infrastructure deal
The European private equity firm has stormed into Sweden’s renewable energy sector with a deal to finance and take an equity stake in the country's largest onshore wind farm development, Havsnas.
- GIC in €1bn Italian infrastructure deal
The Benetton-backed entity that owns Aeroporti di Roma and controls Italian highway manager Atlantia has said it will sell a 3 percent stake to the sovereign fund as it raises capital for infrastructure investments.