Buy-Out Central Europe II Beteiligungs-Invest AG (BCE) has acquired a majority stake in Austrian manufacturer, Austria Email, from UIAG. The deal gives BCE a 63.4% stake at a price of almost €21 million while the remaining shares are split between B&C Holding GmbH (20.6%) and free float (16%). Though the agreement has been finalized between [...]

Unternehmens Invest AG (UIAG), the industrial holding company of Austria’s Cross Industries AG, was preparing for a takeover by fellow Austrian private equity firm Buy-Out Central Europe since an announcement of the proposed deal was made last month. The deal is now off as UIAG has been informed that Buy-Out Central Europe is backing out. [...]

Private equity firm Buy-Out Central Europe has entered an agreement with Cross Industries AG to purchase the majority stake Cross holds in Unternehmens Invest AG (UIAG). The two Austrian companies agreed on the deal earlier in the month which should result in Buy-Out Central announcing a take over bid to UIG shareholders in the near [...]