 |
|
Investcorp announces CEME deal
Investcorp, a London-based provider and manager of alternative investments, has agreed to buy an Italian producer of pumps and valves for domestic appliances. CEME, which makes components for espresso machines, steam ironing systems and condensing gas boilers, is being sold by Barclays Private Equity three years after it bought the business.
The financial terms of the agreement have not been disclosed, but CEME’s management are investing in the deal alongside debt provided by ING and Mezzanove. Completion is expected this month.
CEME chief executive Marco Boraso says CEME will use the funding to expand its product and application range internationally and for further acquisitions.
The company, which is headquartered in Lombardy, has 466 employees at six sites in Italy and China. It was established in 1974 and reported revenues of €113.1 million (£89.9 million) in 2007.
Related Articles |
Interesting links
Other Sector Watch
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008 - Sowing the seed Mar 03 2008
M&A News
- Qatar National Bank deal shows consolidation trend Aug 28 2008
- Provident on the lookout for friends Aug 28 2008
- Blooming acquisition for United Online Aug 27 2008
- Triton finds its sea legs Aug 27 2008
- Credit Suisse invests in asset management company Aug 26 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Funding boost for Durham Pipeline Technology Aug 28 2008
- Liverpool Victoria races off with Highway Aug 28 2008
- Serco acquires SI International Aug 27 2008
- Proventec cleans up
with German deal Aug 27 2008 - Hill & Smith’s US window of opportunity Aug 26 2008
Business Diary
- Rosenblatt New Energy Awards 2009 27th February
- Enterprise Security 2008 25th September
- European Semantic Technology Conference 2008 24th September
- Business XL How to float on AIM 11th September
- Investor AllStars Venture Capital Awards 2008 16th September