Deals
ICL, a global minerals based products producer, has entered into a definitive agreement to acquire Vale Fertilizantes’s share in Fosbrasil, a joint venture producing purified phosphoric acid and raw materials for fertilisers located in Brazil.
The proposed transaction is subject to the approval of Brazilian competition authorities (CADE) and other customary approvals.
The purchase of Vale’s shares will increase ICL’s ownership share to a majority position in a major producer of phosphoric acid in South America.
The transaction supports and is in concert with ICL’s recent announcement on its new strategy “The Next Step Forward,” as the acquisition
HgCapital, the European sector-focused private equity investor, has acquired 91.85 per cent of Personal & Informatik (P&I), a payroll and transaction HR software provider, from The Carlyle Group.
Headquartered in Wiesbaden, Germany, P&I provides payroll and HR-related software to mid-market companies and the public sector in Germany and the surrounding region.
The company serves almost 4,000 direct and 15,000 indirect customers and generated revenue of EUR82m in FY 2013. The business offers software for the management of payroll, workforce, time management and human capital management. It typically services SMEs with 200 to 5,000 employees across industries as well as
The management board of Kabel Deutschland has signed a domination and profit and loss transfer agreement pursuant to section 291 of the German Stock Corporation Act between Kabel Deutschland as the controlled entity and Vodafone Vierte Verwaltungs as the controlling entity.
Vodafone Vierte Verwaltungs currently owns 76.57 per cent of the shares of Kabel Deutschland.
The domination and profit and loss transfer agreement still requires the approval by the extraordinary general meeting of Kabel Deutschland which is scheduled to take place in Munich on 13 February 2014.
In the agreement, Vodafone Vierte Verwaltungs offers to acquire the shares
CapVest, a European mid-market private equity firm, has acquired Scandza, a Nordic consumer food and beverage business.
Jan Bodd and Stig Sunde, who established Scandza in 2007 and will continue to lead the business, have significantly increased their shareholding as part of the deal.
Scandza, which recorded a turnover of EUR236m (NOK1.8bn) in 2012, has created a fast moving consumer goods platform by taking advantage of consolidation opportunities in what continues to be a fragmented Nordic food and beverage market.
Scandza holds a portfolio of market leading brands in chilled foods, snacking and baked goods. Its portfolio includes
Private equity firm Arsenal Capital Partners has acquired Certara, a provider of model-based drug development and data analytics software and consulting services to the biopharmaceutical research and development market.
Certara provides highly specialised and integrated solutions which consist of computer-based models supported by scientific consulting services and which span the discovery, pre-clinical and clinical stages of drug development.
Certara's solutions provide clients with significant reductions in the time and expense of bringing new drugs to market by enabling data-driven decisions which lead to more precisely designed studies with less risk of failure and improved subject safety– a benefit in
Middle market private equity firm Genstar Capital Management has acquired Tecomet, a precision contract manufacturer supporting the medical device and aerospace and defence industries.
The acquisition is in partnership with the company's management. Tecomet was previously a portfolio company of Charlesbank Capital Partners.
Founded in 1964 and based in Wilmington, MA, Tecomet manufactures orthopaedic implants, precision surgical instruments, trauma plates and photochemical etched products for medical device customers. Tecomet uses its prototyping and engineering capabilities to produce highly complex products that provide solutions for its customers' most demanding products and applications. Tecomet is also a leading manufacturer of precision
Omnes Capital has invested EUR1.5m in Cooltech Applications, a specialist in magnetic refrigeration.
Omnes Capital is Cooltech’s third new investor in 2013, following investments by Demeter Partners and 123Venture.
Cooltech Applications is the first company in the world to offer economical, industrial and environment-friendly refrigeration and air-conditioning solutions, based on magnetic cold technology.
Magnetic cold is presented as the most credible alternative to existing compression based refrigeration technologies by the American Department of Energy and the European Commission.
“Magnetic cold developed by our company imposes itself as the solution that meets the needs of both the industry
Energy-focused private equity firm First Reserve’s Fund XII has acquired Dixie Electric from One Rock Capital Partners, a private investment company that provides equity capital for middle-market businesses.
Dixie is a US provider of electrical infrastructure materials and services to the upstream oil and gas sector. Financial terms of the transaction have not been disclosed.
Founded in 1951, Dixie provides electrical infrastructure and automation services from initial development throughout the life of an oilfield, including ongoing infrastructure upgrades and periodic maintenance. Further, the company has exposure to several important upstream trends with significant electrical requirements such as automation, artificial
European Capital and its consolidated subsidiaries have received proceeds of EUR25.5m from exiting their investment in Biscuits Poult.
European Capital's exit comes as Poult sold 100 per cent of its Polish subsidiary (Dr Gerard) to Bridgepoint and used related disposal proceeds to prepay in full the acquisition facilities put in place in 2006 to support LBO France's secondary buyout of the Company.
At that time, European Capital invested EUR12.5m in the mezzanine and second lien facilities. In December 2012, it acquired EUR7.5m additional senior and second lien facilities on the secondary market. This repayment allowed European Capital to realise
AkzoNobel has agreed the sale of 69 of its 72 specialist paint stores to five independent wholesalers and their subsidiaries.
Some of the stores and employees will transfer to the new owners (Schlau Hammer, MEG Rhein Ruhr, MEG Paderborn, MEG West and Wei-gel) at the end of 2013 and some at the end of the first quarter of 2014. The purchase price was not disclosed.
A CMS team led by employment law partner Dr Angela Emmert and corporate partner Dr Ernst-Markus Schuberth advised AkzoNobel on all legal aspects of the transaction.
The divestment and focus on the firm's
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