Looking to regain control over a business it once owned, Italian sponsor BS Private Equity has agreed to buy a 41 percent stake in media production company Euphon ahead of a public-to-private offer.
US pensions CalPERS and CalSTR are among the institutions backing a new real estate opportunity fund organised to purchase a $1.2bn portfolio of direct property investments from Deutsche Bank.
The Swedish manufacturer of welding protective gear has been sold to 3M, with a reported return of 13 times the original investment.
AXA Private Equity’s secondary unit has paid an undisclosed sum to acquire BdW, the German private equity firm owned by Allianz, which has a portfolio of 45 direct investments.
Neil Richardson, a former partner and senior member of KKR’s London office, has moved to rival Hicks, Muse, Tate & Furst to join the firm’s European team.
ABN Amro Capital has backed a £51m secondary buyout of the UK refuse collection vehicle manufacturer Dennis Eagle from Bridgepoint Capital.
CVC Capital and Brigdepoint have sold Bladgen, the UK packaging group acquired for €149m in 1998, reporting a ‘healthy’ return on their investment.
Coller Capital has agreed to buy the majority of Abbey National’s private equity assets including interests in funds run by 3i, BC Partners, ICG, Duke Street, Montagu and Warburg Pincus.
The Carlyle Group has announced the final close of Carlyle Europe Real Estate Partners following a spate of deal activity in 2003.
The investment bank has hired former Pricoa Capital director Craig Thomson as Deputy Head of its Mezzanine Finance team.