21 Centrale Partners has sold AFU, Lloyd’s largest approved coverholder in France, to Amlin PLC. No financial terms were disclosed.
AIG Highstar Capital has completed the sale of its 50 percent interest in Intergen NV to Indian infrastructure developer GMR Infrastructure Ltd. No financial terms were disclosed. InterGen is a global power generation company based in The Netherlands. It was acquired in 2005 by Highstar and Ontario Teachers’ Pension Plan.
EQT Partners has sold Pfaff Beteiligungs GmbH to Columbus McKinnon Corp. (Nasdaq: CMCO) for €36 million in cash. Pfaff-silberblau is a European provider of lifting, material handling and actuator products. It expects 2007 revenue in excess of €62 million.
has sold Hungarian ecommerce company Vatera.hu Kft to MIH Internet Europe BV, a subsidiary of Naspers Ltd. No financial terms were disclosed, except that the sale gave iEurope Capital a 13.5x cash-on-cash return and a 59 percent gross IRR.
iEurope Fund has sold its stake in ATech Elektronika, a Slovenian maker of electronics assemblies. No financial terms were disclosed, except that the sale represented an 18 percent IRR and 2.3x cash-on-cash return for iEurope.
Linens ‘n Things was expected to begin liquidation sales at its remaining stores late last week, after the retailer failed to find a buyer that would keep the company in operation.
North Castle Partners has agreed to sell Green Bay, Wis.-based natural medicines company Enzymatic Therapy to Nature’s Way Holding Co., a subsidiary of Germany-based Dr. Willmar Schwabe Pharmaceuticals. No financial terms were disclosed. Lincoln International managed the sale process.
The Riverside Company has sold Richter Chemie-Technik GmbH to IDEX Corp. No financial terms were disclosed. Richter Chemie-Technik is a German maker of pumps and valves for handling corrosive and high-purity fluids involved in the processing of chemicals and pharmaceuticals.
Stone Point Capital has completed its sale of Wayne, Pa.-based wireless handset insurer Signal Holdings LLC to Assurant Inc. (NYSE: AIZ) for $250 million in cash.