Istanbul based departmental store chain YKM’s announcement of a stake sale has attracted bid from global PE firm Carlyle. The firm has tied up with Turkish private equity investor Esas Holding AS for a 63-per cent stake of the retail chain operator. California based real-estate investor Colony Capital – in collaboration with local private equity [...]
Tag Archives: Advent International
AHP Attracts Investment from Advent International
Warsaw based leading operator of cardio-vascular treatment units – American Heart of Poland S.A. (AHP), has attracted global private equity firm Advent International for fresh capital infusion. The amount of investment in AHP remained undisclosed . As a precursor to the deal, AHP’s legal status was changed from a “Limited Liability Company” to a “Joint [...]
Poland-based Emperia Shortlists Four PE Investors for Retail Division
Polish company Emperia has shortlisted four private equity firms for the sale of its retail division. Potential investors include Advent International, Mid Europa Partners, Penta Investments and Doughty Hanson; Tesco and Carrefour are also interested in the acquisition, which is valued at USD 272 mln (PLN 900 mln). The deal follows an attempt by Emperia [...]
ATM Buys Pet Food Rival Provimi’s French Site
Advent International-backed animal nutrition leader Provimi Pet Food has sold its French factory to rival company ATM. Following the sale, Hungary-based Provimi will operate from seven production units in Europe, with expansion plans underway for Germany, Romania and Poland. ATM (www.hery.fr) ATM, founded in 1980, is headed by Eric Charles. Héry Laboratoires is one of [...]
Advent Picks up TES Vsetín and MezServis from Penta
Global equity investor Advent International recently announced the acquisition of two partner companies from the Czech Republic’s Penta Investments. The two companies,TES Vsetín and MezServis, make up what will be called the TES Group. Advent will acquire 100% of the shares of both companies pending the approval of German and Czech authorities. Penta first purchased [...]
Provimi Pet Food Going to Advent International
Animal nutrition company Provimi Group has agreed to sell its European pet food manufacturing company to global private equity firm Advent International. Provimi Pet Food (Provimi) will go to Advent based on an enterprise value of €188 million. Advent’s investment will enable Provimi to focus on growth plans which include developing new product lines, breaking [...]
Ukraine’s ISIDA Receives Equity Investment from Advent International
Global private equity firm Advent International has chosen Kiev-based ISIDA as the target of its first Ukrainian investment, acquiring a controlling stake in the company just two months after reaching a GBP 925 million deal for the UK’s Priory Group. The acquisition is a continuation of Advent’s 26-year history of healthcare investing. ISIDA will now [...]
Euroclinic Acquired by Advent’s CMU
Pending Romanian regulatory approval, Eureko Asigurari will sell the nation’s first private general hospital to Advent International portfolio company Centrul Medical Unirea (CMU). The acquisition of Euroclinic Medical Centers (Euroclinic) is part of Advent’s strategy of building CMU into Romania’s market leader for upscale medical services. Euroclinic will keep its own name for market recognition purposes. Romanian patients already [...]
Advent International and Turkven PE Exit Roma Plastik
Austrian-based EGGER Holzwerkstoffe GmbH has agreed to acquire a 71% stake in Turkey’s Roma Plastik for an undisclosed amount. The shares were sold by Advent International and Turkven Private Equity, who had controlled the company since 2006. Under their leadership Roma Plastik has successfully solidified a share of the Turkish market while also increasing the [...]
Sale of Kraft Subsidiary Attracts Hershey, Nestle, and Others
E. Wedel, the famous Polish confectioner, is up for sale and apparently attracting the attention of some high-profile bidders. Among those interested in the company are American rivals Hershey and Nestle, along with PE firms Advent International and Bridgepoint. It is believed that Ukranian confectioner Roshen may have shown initial interest but has since dropped [...]
3TS Capital Partners Sells CMU Majority Stake to Advent International
In a move that brings an end to a three-year investment, 3TS Capital Partners/3i has agreed to sell its majority stake in Romanian medical services company Centrul Medical Unirea (CMU) to Advent International. Joining the sale are CMU’s founders who own a minority stake. Centrul Medical Unirea (www.cmu.ro) CMU is a Romanian medical services company established in 1995 [...]
Advent International to Complete Devin Buyout, Delist Company From BSE
Last September, American buyout firm Advent International purchased a 79% stake in Devin AD from Austria’s Soravia Group, with plans to acquire the remaining shares in a takeover bid. Now Advent is poised to delist the Bulgarian water bottler from the Bulgaria Stock Exchange after it completes the acquisition of 95% of company shares. The Bulgarian government has [...]
VEM Asks for Staple Financing to Help Spur Ratiopharm Bids
VEM, the parent company of Ratiopharm, has directed Commerzbank and BNP Paribas to put together staple financing in support of potential Ratiopharm bidders. VEM put the German pharmaceutical producer on the auction block earlier this year in an attempt to raise capital to pay down debts. Ludwig Merckle would like to see Ratiopharm sold as [...]
Advent International Announces Public Bid for Poland’s WSiP
Boston-based private equity firm Advent International has made a public bid for WSiP S.A. The bid, for Poland’s leading textbook publisher, offers PLN 16.35 per share which represents a 1.5% premium over the closing price for Nov. 5th. If accepted, the bid could amount to a total sale price of up to PLN 405 million. [...]
GFKL Agrees to Sell Controlling Stake to Advent International
Global buyout firm Advent International has reached an agreement with GFKL Financial Services AG to acquire a controlling stake in the German debt collection company. A group of GFKL’s institutional investors will sell the stake to Advent for an undisclosed amount. In addition to the acquisition, Advent is committed to a capital increase to help [...]
Soravia Sells Devin to Advent International
After several months of searching, Austrian investor Soravia Group has reached a deal to sell it’s stake in Devin AD to private equity firm Advent International, who will purchase a 75% stake in the Bulgarian beverage company through a share purchase. A takeover bid will follow to acquire all the remaining shares except the 6.75% Devin management will [...]
Soravia Enters Talks With Advent to Sell Devin
After confirming in May that Bulgarian bottled water producer Devin was on the sale block, the Soravia Group has now entered exclusive talks with Global private equity firm Advent International. The talks, which began on July 13th, are aimed at creating a deal to give Advent an 82% stake in Devin including Soravia’s 75.3%. At least [...]
Advent Buyout of Ozone Nears Completion
U.S. based Advent International is poised to complete a takeover of Central and Eastern European drug maker Ozone. The companies are now in the final talks that would give Advent, also the owner of LaborMed, full ownership of Ozone’s product lines. The buyout offer had been accepted by Ozone earlier this month, giving control of [...]
Advent International divests Axtone
Advent International sold Axtone S.A., Europe’s largest rail freight buffer manufacturer, to IK Investment Partners. Axtone S.A. (www.axtone.eu) The Axtone Group is a manufacturer of buffers and draw-gear devises for all types of rail vehicles. The Group manufacturers its products in five locations: Poland, Germany, Czech Republic, Russia and China. In January 2006, Advent acquired [...]
Advent portfolio company Dufa Deutek acquires Bengoss Comimpex
Dufa Deutek, a Advent International portfolio company, acquired Bengoss Comimpex, a Romanian dry mortar and core adhesives producer, for € 18.9 million. Dufa Deutek (www.deutek.eu) Dufa is Romania’s largest decorative paints producer. Dufa enjoys a 20% retail market share and has one of the strongest distribution systems in the industry. In 2007, the Company reached [...]
