Allocations
Middle market private equity firm One Equity Partners (OEP) is to sell the operating subsidiaries of Sonneborn Holdings, a manufacturer of specialty hydrocarbon chemicals, to a subsidiary of HollyFrontier Corporation (HFC), an independent petroleum refiner and marketer, for USD655 million.
The transaction is expected to close in 2019, subject to regulatory approvals and customary closing conditions.
Founded in 1903, Sonneborn manufactures highly purified white oil, petrolatum, microcrystalline wax, sodium sulfonate and compressor lubricants for personal care, pharmaceutical, food, polymer and metal working applications of 500-plus global customers. The company is headquartered in Parsippany, NJ and employs approximately 360 people
ODDO BHF Private Equity has successfully completed the first closing of ODDO BHF Secondaries Fund with total commitments above EUR160 million, including a dedicated mandate for an institutional investor.
Fundraising for the strategy started in July 2018.
Commitments are mostly from French and German institutional clients. As an anchor investor, the ODDO BHF Group has made a significant investment in the fund.
Nicolas Chaput, President of ODDO BHF Private Equity, says: “We are proud to receive such a strong support both from our historical partners as well as new investors that consider the secondary Private Equity market as
Private equity firm New Water Capital’s portfolio company, Myotek, has acquired Amptech, a value-added manufacturer of electronics and electrical assemblies based in Manistee, Michigan.
Founded in 1980, Amptech designs, engineers and manufactures circuit boards and other electronic assemblies for customers in automotive, utility and other industrial end markets and applications. The acquisition will allow Myotek to provide its customers with domestic production capabilities for its automotive lighting products. Amptech’s Lee Wyatt will continue to serve as president of the company.
New Water views the addition of Amptech as a way to expand the capabilities of Myotek, a leading transportation
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a USD56 million senior credit facility to support the recapitalisation of Nova Wildcat Amerock (Amerock) by a private equity sponsor.
Founded in the 1920s and based in Huntersville, North Carolina, Amerock is a leading designer and supplier of decorative and functional hardware and related accessories for kitchens, baths, and bedrooms.
The company has a large installed base and has created brand loyalty over Amerock’s 90 plus year history, creating consistent demand for replacement hardware as homeowners repair and remodel existing homes.
The Merrill Corporation survey highlights future challenges for EMEA dealmakers when complying with regulations, accelerating deals and harnessing the power of data.
An increasing number of M&A transactions may be stalling because of concerns over GDPR compliance, according to a survey of EMEA M&A professionals conducted by Merrill Corporation, the leading SaaS provider for professionals in the deal making community.
Overall, the survey highlights the significant role due diligence plays in determining M&A success, while providing insight into the challenges faced by M&A professionals today. The implementation of the EU’s General Data Protection Regulation (GDPR) stood out as a
Lovell Minnick Partners (LMP), a private equity firm specialising in financial and related business services companies, has made a majority investment in SRS Acquiom, a Denver-based FinTech company that provides technology-enabled services related to M&A settlement, support and risk mitigation, as outlined further in the attached press release.
Founded in 2007 by Paul Koenig, Mark Vogel and Jason Mendelson and headquartered in Denver, SRS Acquiom provides an integrated platform of professional services, technology solutions and data that enables corporate acquirers, private equity firms and venture capital firms to navigate the complex M&A deal execution process more efficiently. The Company has
Gide has advised BioMérieux, a specialist in the field of in-vitro diagnostics, on its acquisition of a majority stake in Suzhou Hybiome Biomedical Engineering Co, Ltd.
As part of the deal, the French listed company (Euronext Paris: BIM) acquired 54 per cent of the shares in Hybiome for a valuation of EUR165 million, as well as additional assets such as distribution rights and existing installed base for EUR25 million. It had already purchased a minority stake in the Suzhou-based company earlier this year in July, a transaction on which Gide also advised.
Founded in 2009, Hybiome specialises in automated
Mobile home holiday operator, European Campaign Group, has started exclusive negotiations to acquire Palmiers Ocean, a French tour operator specialising in mobile home holidays, based in La-Roche-Sur-Yon (Vendee).
With over 20 years’ experience, Palmiers Ocean offers over 20,000 trips across 56 destinations, including 48 in France, six in Spain and two in Italy. The company has recorded total sales of EUR12.5 million in 2018, this has been mainly driven by the adoption of a 1,800 strong fleet of new mobile homes placed within idyllic locations.
The European Campaign Group, which experienced growth through multiple acquisitions by The Carlyle Group
Cairngorm Capital Partners has acquired timber merchant Arnold Laver & Co Limited, which, with Cairngorm Capital’s other timber brands; Thornbridge, North Yorkshire Timber and Rembrand will create the largest independent timber business in the UK.
Revenues are close to GBP250 million for the combined business, which will now be known collectively as The National Timber Group.
Headquartered in Sheffield, Arnold Laver is a family run company established in 1920. It imports, distributes and manufactures a wide range of timber, panels, decorative surfaces and joinery products, serving public and private sector construction, house-building and commercial companies. Its customers include blue
BlaBlaCar, a long-distance carpooling platform, has made an offer to acquire Ouibus, a subsidiary of SNCF and French bus operator. This will allow BlaBlaCar to broaden, for the first time, its mobility offer beyond carpooling.
BlaBlaCar has also announced a EUR101 million investment involving SNCF and existing BlaBlaCar investors.
BlaBlaCar has built a long-distance carpooling community of over 65 million members in 22 countries. Since August 2017, it has helped to transport 50 million passengers worldwide, growing 40 per cent year-on-year. The platform now wishes to complement its vast carpooling offer with buses, and become the go-to global marketplace
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
