Western Europe

CVC snaps up chemicals business from AlpInvest

AlpInvest Partners has sold Belgian chemical producer Taminco to CVC Capital Partners for €800 million.

3i sells healthcare business to Rutland(2)

UK turnaround specialist Rutland Partners has bought Attends Healthcare from 3i for €93.5 million.

Baxi renegotiates debt to avoid default(3)

Baxi, a European heating company owned by buyout firms BC Partners and Electra, has approached lenders in an appeal to renegotiate its debt obligations to avoid defaulting. The negotiations come as the latest sign the credit markets are proving less favourable to buyout firms.

Milestone continues rebound with fourth exit this year

Milestone Capital Partners looks to have completed the latest in a string of successful exits after agreeing to sell its stake in data room business IX Europe – just weeks after selling port terminal operation Nordic Limited to Forth Ports for a four times return.

SVG closes £70m public equities fund(3)

SVG Capital has had the final close of its latest public equity investment fund, after its last fund delivered an IRR of 46 percent to investors.

Marfin hits €5.2 billion target(2)

Greek firm Marfin Investment Group has defied expectations by raising €5.2 billion in a matter of weeks for investments in south-east Europe. It will become the world’s biggest listed investment fund.

Permira increases Valentino stake again(2)

European buyout firm Permira has upped its stake in Valentino to 60.2 percent, as it seeks to buy out the Italian fashion brand.

Marfin hits €5.2 billion target

Greek firm Marfin Investment Group has defied expectations by raising €5.2 billion in a matter of weeks for investments in south-east Europe. It will become the world’s biggest listed investment fund.

NBGI makes second big exit this week(3)

UK firm NBGI Private Equity has completed a second lucrative exit in two days, this time via the public markets. The flotation of UK-based Superglass means the firm continues to reward investors in its 2000 vintage debut fund with big returns.

NBGI makes 6x return from retail sale(2)

The buyout firm has completed a lucrative exit from UK outdoor equipment retailer Mountain Warehouse, netting a six times return after a £15 million sale.