Bridgepoint is acquiring a majority shareholding in Attendo AB and is submitting a recommended bid for the remaining shares and convertibles. The acquisition of the shares and convertibles from the current principal owners comprises about 89.4 percent of the total voting rights in the company after full dilution. The acquisition and the recommended bid amount to a total value of SEK 2.2 billion (c. €245 million).
Carter & Carter, a major provider of outsourced support services to global automotive brands, has been listed on the London Stock Exchange following a successful offering of 22, 953, 944 shares at a price of 235 pence per share which has resulted in a market capitalisation of £78.4 million. The listing will allow Bridgepoint, which first invested £6.7 million in the company in 2001, to realise its 45.6% stake in the business.
Coach Holiday Group (CHG), owner of Wallace Arnold, has merged with Shearings in a deal worth £200 million.
2005 saw further significant growth in the European buyout market with the total value of deals topping €100 billion for the first time ever, according to the latest European Buyout Review due to be published in March 2006 by Incisive Media in association with Bridgepoint.
2004 was a record year for the European buyout market by value of deals with the mid-market showing a strong increase, according to the latest European Buyout Review due to be published in April 2005 by Initiative Europe, an Incisive Media Company, in association with Bridgepoint. The value of the UK market also saw an increase for the first time in three years with the German market showing further signs of recovery.