JP Morgan Partners has agreed to acquire Safety-Kleen Europe for £280m, providing a return of more than 4x equity for Electra.
US private equity firm Kohlberg Kravis Roberts has signed an agreement to sell Swiss electricity metering firm Landis+Gyr to Australia’s Bayard Energy.
Banc of America Capital Partners Europe has sold Italian PVC film manufacturer Alfatherm to PM & Partners, returning 2.5x its original equity investment.
Inflexion Private Equity has completed a first exit from its Fund 2, with the £32m sale of the Ster Century cinema chain to a management team backed by Hutton Collins.
The Los Angeles headquartered firm has closed the largest first time buyout fund raised in the US in the last two years.
The Laurel neighbourhood pub chain has been sold to UK brewer Greene King, which beat off strong trade and private equity competition.
Dana Corporation and The Cypress Group have signed an agreement for Cypress to acquire the Automotive Aftermarket Group, subject to regulatory approval.
The equity firms have undertaken one of the largest recapitalisations in the Spanish private equity market, refinancing existing debt in metal food can manufacturer Mivisa.
The second stage of ABN Amro’s exit from French industrial conglomerate De Dietrich has been completed with the sale of the heating division to Dutch-based Remeha for an undisclosed sum.
Having closed its maiden fund, the London-based provider of intermediate capital is looking to return to the fundraising market in 2005.