Insight

MARKET AT A GLANCE: (Buyouts; September 8, 2003) RECENT TRANSACTIONS Completed DealsPending Deals DEAL FLOW Seeking BuyersWithdrawn DealsAnnounced M&A Deals PVC INDEX Monthly IndexIndex ComparisonMarket ValueIndustry Breakdown Data Criteria: All data include U.S. targets only. Deal Data include leveraged buyouts and other transactions involving financial buyers in which a majority interest or a remaining stake […]

Continuing its aggressive push into private equity, the Canada Pension Plan Investment Board (CPPIB) has invested nearly $400 million in five PE funds. Most will be put to work in buyouts, with the rest going to late-stage venture capital and secondary funds. Toronto-based CPPIB is an independent firm that invests on behalf of the Canada […]

Eighteen months after first approaching Irish paper and packaging conglomerate Jefferson Smurfit Group about a potential buyout, Madison Dearborn Partners’ Sam Mencoff received word that his efforts had helped earn the Buyouts Deal of the Year award for 2002. Mencoff’s immediate reaction was to express thanks. Then he posed a more complicated question: Why, exactly, […]

The EURO346 million facility backing the EURO460 million LBO of Fiat’s Teksid aluminium unit by a consortium of private equity houses led by Questor Management has launched to the market, via sole mandated lead arranger and bookrunner JP Morgan. The facility comprises EURO171 million in senior debt and EURO175 million in subordinated debt. Leverage is […]

Clifford Chance Punder is one of Germany’s leading law firms and is a constituent part of Clifford Chance, the world’s first integrated global law firm. Clifford Chance is a multi-jurisdictional international law firm providing a full range of legal services for all aspects of business and finance with 3,700 legal advisers worldwide. Clifford Chance Punder […]

Clifford Chance Punder is one of Germany’s leading law firms and is a constituent part of Clifford Chance, the world’s first integrated global law firm. Clifford Chance is a multi-jurisdictional international law firm providing a full range of legal services for all aspects of business and finance with 3,700 legal advisers worldwide. Clifford Chance Punder […]

Apax Partners is one of the world’s leading private equity investment groups. Founded in 1972 in the US and in Europe, Apax Partners operates across Europe, Israel, the US and Japan. The German office, based in Munich, opened in 1990. The group today employs 180 investment professionals worldwide with over 100 of those professionals operating […]

ABN AMRO Capital has completed the secondary buyout of specialist photographic retailer Jessops, following clearance from the European Competition authorities. The GBP116 million deal sees ABN AMRO Capital acquire the company from private equity firm Bridgepoint Capital, which has backed Jessops since the original management buy-in / buyout in 1996. Jessops operated 70 stores at […]

Candover, a European buyout specialist, has appointed Alejandro von der Pahlen as an advisor with a brief to originate and transact deals in Spain and Portugal. He will work alongside Gerard Conway, who will continue to work out of the London office. Concentrating on Spain and Portugal, von der Pahlen spent more than 20 years […]

Danish investment company Axcel has realised its investment in furniture manufacturer Fvling Mbelfabrik, part of which was sold in 2000, by merging it with former competitor Harry Iversen Mbler. The new group will be known as Astralis (Latin for star) and will have a turnover of over DKr600 million. Axcel and a number of Axcel […]