Morning all, Craig McGlashan here with the Europe Wire from the London newsroom. First deal of the day is a company that’s been around since 1731 but is playing a part in one of the sectors of the future. Mutares has agreed to acquire Buderus Edelstahl, a producer of high-quality special steels, that counts the wind energy industry among its customers. Next we move to a much newer company, where Bridgepoint has invested in a crop input technology provider. We’ve then got news of an exit by Cube Infrastructure Managers, which is selling a Danish bus network operator to institutional investors advised by JP Morgan Asset Management’s Global Transportation Group. To wrap up we’ve got figures from placement agent MCAM Group showing some rapid growth in co-investments in UK companies – giving us the opportunity to round up a few of the biggest deals we’ve seen in that area this year. Steeling up Mutares has made its 13th acquisition of the year, after agreeing to acquire Buderus Edelstahl from Austrian steel-based technology company Voestalpine. Read more about the deal including Buderus' revenues in the premium version of the Wire. Cropping up From a centuries-old company to a fairly new business. Bridgepoint has invested in Meristem, a crop input technology provider that focuses primarily on biologicals. Find out more in the premium version of the Wire. (Note: Bridgepoint owns PEI Group, the publisher of PE Hub.) Driving up Cube Infrastructure Managers has sold Umove, a Danish line bus network operator, to institutional investors advised by JP Morgan Asset Management’s Global Transportation Group. Co-ming up Co-investments are on the up in the UK and are attracting a wider range of institutional investors, according to private equity placement agent MCAM Group. Find out the figures and some of the bigger deals in this area in the premium version of the Wire. OK that’s all from me today. Rafael Canton will bring you the US Wire later today and I’ll be back with you with the Europe Wire tomorrow morning. Cheers, Craig Read the full Wire commentary on PE Hub ... |