Lone Star buys German bank IKB

German bank IKB Deutsche Industriebank, which collapsed as a result of the sub-prime mortgage crisis, has agreed to sell a 90.8 per cent stake in its business to Lone Star, a US private equity firm.

Other Done Deals

  • Danish venture capital firm BankInvest Biomedical Venture has led a £6.3 million investment in Manchester-based pharmaceuticals company F2G
  • HSBC Infrastructure Company, a listed infrastructure investment company, has completed the acquisition of a 50 per cent stake in a PFI project at John Radcliffe Hospital in Oxford. The deal is worth £18 million
  • Waterland has re-acquired troubled Dutch gaming machines operator JVH Gaming for an undisclosed amount
  • ATS Beteiligungsverwaltung has acquired a majority stake in Ganymed Pharmaceuticals, a company that offers antibody therapeutics that target solid cancers. The deal amount was undisclosed
  • Portfolio company Helo Group Oy, with backing form AAC Capital, has acquired Swedish sauna firm Tylo Group for an undisclosed sum
  • Anaco Systems, a building facade manufacturer has undergone a £1.8 million management buy-out with backing from Alliance Fund Managers. Alliance provided a £400,000 mezzanine investment from its MSIF Mezzanine Fund

Deals in the pipeline

  • LED manufacturer Litepanels has agreed to be acquired by the Vitec Group for $14.5 million (£7.8 million)
  • The sale of Russian-based Imperial Energy Corp is likely to be announced next week, according to an Indian government source, confirming that Oil and Natural Gas, an Indian public sector petroleum company is in the race to buy the firm
  • Aon, a US insurance broker has announced that it has agreed to purchase independent reinsurance and risk intermediary Benfield, for $1.75 billion (£940.9 million)

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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