Deals
Europe’s buyout industry continued to show appetite to deploy capital through the economic cycle, despite exceptionally challenging market conditions, according to provisional full-year data from CMBOR, the Centre for Private Equity and MBO Research based at Nottingham University Business School and supported by Equistone Partners Europe.
The 707 buyouts completed in 2022 were worth a cumulative €117.5 billion, a sharp fall from the 827 deals worth €153 billion completed last year, when the industry’s rebound from pandemic disruption drove record post-crisis levels of activity. However, despite war in Europe, soaring inflation and debt markets tightening, the total value for 2022
L Catterton’s Latin America fund has led a $70 million funding round for Razor Group, a global aggregator of e-commerce consumer goods. Other investors participating in the investment round include 468 Capital and Presight Capital.
Fast-growing private equity firm Catalio Capital Management is to acquire HealthCor, a healthcare-focused equities hedge fund firm founded by veteran healthcare investors Art Chen and Joe Healey.
Private investment firms Bain Capital and MV Credit have agreed a deal to recapitalise Spanish bridal firm Pronovias, acquiring a controlling interest in the business in the process from majority shareholder BC Partners.
Financial terms of the transaction have not been revealed.
Founded by Alberto Palatchi in 1922, BC Partners acquired Pronovias in 2017, outbidding the KKR, Permira and Carlyle to acquire a 90% stake in the business in a €532 million deal.
The new sale and purchase agreement sees the majority ownership of the bridal group transferred to a “consortium of investors” led by its main creditor, Bain Capital,
Private investment firm EQT’s EQT Infrastructure VI fund is to acquire Madison Energy Investments (MEI) from affiliates of Stonepeak Partners LP. With the acquisition of MEI, EQT Infrastructure VI will be 0-5 per cent invested based on its target fund size of €20 billion.
A shortage of debt financing due to rising interest rates and a reluctance by banks to loosen their purse strings has caused private equity funds to rethink how they pull off large buyout deals, according to a report by Reuters.
After a rousing start to 2022, the leveraged buyout (LBO) market has slowed down, as the war in Ukraine and hawkish interest rate moves drove up financing costs and weighed down valuations, resulting in a 40.4% contraction in global buyout activity up to 14 December, according to data from Refintiv. The data also shows that the number of LBO deals
Andra Tech Group, a manufacturer of precision mechanical components, and a portfolio company of private equity firm Equistone, has acquired Mayer Feintechnik, a specialist in precision metalworking for over 50 years.
Private equity firm WestBridge has completed a secondary buyout of Alpine Fire Engineers Ltd, specialist providers of mechanical fire suppression systems. The transaction, which provides an exit for Soho Square Capital, sees WestBridge invest £18.7m to take a majority stake in the company.
Sixth Street Partners has led a $2.3bn loan to help fund the private equity firm Advent International’s $6.4 billion leveraged buyout of satellite operator Maxar Technologies which was announced last week, according to a report by the Financial Times.
IntelThe report cites unnamed sources as revealing that Advent opted for Sixth Street’s financing package over an alternative loan offered by a group of Wall Street banks.
News of the financing comes just days after Sixth Street led a $2.6 billion loan to back software investment giant Thoma Bravo’s acquisition of business software provider Coupa Software for $8 billion.
The San
Pan-European private equity house IK Partners’ IK Small Cap II Fund is to sell Quanos Solutions, a developer of software and technology solutions for smart information, to Keensight Capital, a private equity manager dedicated to pan-European Growth Buyout investments.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
