IFR Capital, an AIM-listed joint venture between food entrepreneur Heiner Kamps and Nomura spinout ACP Capital, has bought Homann Chilled Food for about €180 million – a relatively low valuation for a deal in the sector.
UK buyout firm Terra Firma has sold Thresher Group to a consortium led by Duke Street Capital founder Eddie Truell. Sources insisted the firm has made a profit on the deal, despite reports that it had been forced to sell the group at a loss.
Alistair Baillie, industry veteran and founder of IPH, a port infrastructure vehicle, has sold to Global Infrastructure Partners for an undisclosed sum.
PAI Partners has abandoned its joint bid with CVC Capital Partners for Spanish cigarette company Altadis. An insider said the split had been amicable in the face of opposition from the French and Spanish governments.
Global buyout firm Advent International has opened an office in Prague to capitalise on lucrative deal opportunities in the region – just two weeks after PEO reported that the firm is planning to open a Ukraine office in September.
The European property fund manager is seeking to raise more than €300 million ($400 million) for Italian Opportunities II less than a year after launching its first Italian fund.
The UK-based private equity group has formally launched its €2.4 billion offer for music company EMI, soon after closing its biggest ever fund. The offer also sets a deadline for any competing bids.
CVC Capital Partners and PAI Partners’ bid for Altadis, the maker of Gauloise, Gitanes and Fortuna cigarettes, is reportedly experiencing difficulties in the face of opposition from the French and Spanish governments while the group remains split about the final structure of the bid.
The investment bank has raised $8bn for it sixth international real estate vehicle, a new record. However, Blackstone’s latest fund may soon surpass it.
J.E. Robert Companies and co- fund manager Alfa Capital Partners has attracted the European Bank for Reconstruction and Development as an investor.