Silverfleet Capital, the European private equity firm, has sold Cimbria, a Danish-headquartered manufacturer of equipment and processing lines for seed and grain, to AGCO Corporation (AGCO) for approximately EUR310 million.  Cimbria, headquartered in Thisted in Denmark, is a leading global manufacturer of equipment used for seed processing and post-harvest grain handling. It has four production facilities in Denmark, Austria, the Czech Republic and Italy, and employs approximately 900 people globally.   Silverfleet acquired Cimbria in April 2013 having identified the potential to build an international leader of scale in the seed and grain-processing sector. Silverfleet recognised that Cimbria’s products are

Eversheds has advised Steelite International, the GBP100 million-turnover ceramics manufacturer, on the sale of the company to US Private equity house, PNC Riverarch. The Eversheds corporate team was led by partner Catherine Eley, with support from associates James Finney and Peter McHugh. The acquisition by PNC Riverarch, the private equity arm of the PNC Financial Services Group, provides an exit for chief executive Kevin Oakes. John Miles has now been appointed Steelite chief executive.

European special situations investor Perusa Partners Fund II (Perusa) has sold its majority stake in Swedish Cyber Security firm Coresec Systems to Investcorp and to Investcorp’s portfolio company SecureLink Group NV. Coresec Systems AB (“Coresec”) is one of Scandinavia’s largest managed cyber security ‎service providers with sales of SEK 850m (EUR 90.5m). Today, Coresec offers integrated cyber security solutions and managed services to corporates and institutions across Northern Europe and the Benelux. With more than 250 employees across seven offices and multiple 24/7-manned Network & Security Operation Centres, Coresec’s security experts provide security advice and hands-on assistance to a demanding

Riverstone Investment Group  is to become a 50 per cent partner in the Utopia Pipeline Project.  To acquire its ownership interest, Riverstone agreed to an upfront cash payment provided at closing, consisting of reimbursement to Kinder Morgan Investment (KMI) for its 50 per cent share of prior capital expenditures related to the project and a payment in excess of capital expenditures to recognise the value created by KMI in developing the project to this stage. In addition to the acquisition of the existing assets, Riverstone has agreed to fund its share of future capital expenditures necessary to complete construction and

Henkel Consumer Goods is to acquire The Sun Products Corporation (Sun Products), a Vestar Capital Partners V portfolio company. The transaction is valued at USD3.6 billion. Sun Products, based in Connecticut, has a portfolio of iconic laundry and household brands, such as all, Sun, Wisk, Snuggle and Sunlight. The company also develops and manufactures laundry and dish care brands for leading retailers in North America. In fiscal 2015, the company generated sales of approximately USD1.6 billion in the US and Canada. Sun Products employs approximately 2,000 people. “This transaction is a major strategic move for Henkel. North America is one

Audax Private Equity (Audax) has completed the sale of Integrated Supply Network “(SN) to Freeman Spogli & Co (Freeman Spogli), a private equity firm based in Los Angeles, California, in conjunction with management and other investors.  Terms of the transaction have not been disclosed. Headquartered in Lakeland, Florida, ISN is an independent distributor of tools and equipment sold into the aftermarket automotive repair industry. Since Audax’ initial investment in ISN in 2011, the Company completed eight acquisitions, expanding ISN into new geographies, including Canada and the United Kingdom, new sales channels and end-markets, and adjacent product categories. Geoffrey S Rehnert,

Inflexion Private Equity has sold CMO, the enterprise health, safety, environment (HSE) and governance, risk, compliance (GRC) software solutions business, to Mitratech, a US-headquartered global software provider, backed by TA Associates.  Financial details of the transaction have not been disclosed.   CMO serves blue-chip customers which include Maersk Group, KPMG, Heathrow Airport and BHP. Operating in a large, global market, which is enjoying double digit annual growth, demand for CMO’s products is driven by an increased need for configurable compliance software, increasing regulation as well as the increasing cost of non-compliance. Mitratech, which provides software solutions to corporate legal departments,

Private equity firm Encore Consumer Capital has completed the sale of its portfolio company, Mesa Foods, a producer of tortillas, flatbreads and taco shells to Teasdale Foods, a leading provider of private label and branded beans, hominy, peppers, sauces, corn products and seasoning products.  Scott Sellers, Managing Director of Encore Consumer Capital, says: "It has been a great pleasure for us at Encore to have partnered with the talented team at Mesa Foods. We could not be more proud of what the team has accomplished as it has continually innovated and worked collaboratively with its customers to meet their needs.

Audax Private Equity (Audax) has completed the sale of Neptune-Benson (Neptune) to Evoqua Water Technologies (Evoqua), a portfolio company of AEA Investors (AEA).  Evoqua is headquartered in Warrendale, Pennsylvania and is a leader in water and wastewater treatment products, systems, and services for industrial and municipal customers. Headquartered in Coventry, Rhode Island, Neptune is a designer and manufacturer of environmentally-friendly filtration, including regenerative media filtration, UV disinfection systems, microsand filtration, recirculation components, and filter accessories to the commercial aquatics, industrial, and municipal industries. Since Audax’ initial investment in 2011, Neptune completed five acquisitions to add to its product offering and