Buyouts
Ardian acquires NetCo from IK
IK's exit comes two years after it acquired a majority stake in the company via its IK Small Cap II Fund
Inflexion buys ANS
Inflexion took a minority stake in IT service UKFast in 2018, increasing this to a majority in 2020
Five Arrows wins £300m Sygnature Discovery auction
GP will take over Phoenix Equity Partners' minority stake, acquired in 2017
BIP on look-out for targets following CVC investment
CVC acquired the Italian management consulting and business integration service earlier this month
Paragon acquires KME's Specials business
Paragon Partners will own a 55% in the newly formed entity following the carve-out
Altor acquires Multi Wing Group
Company was reportedly marketed based on EBITDA of €16m
Axcel acquires veterinary care provider VetGruppen
Company's co-founder and chief operating officer Rasmus Hansen will remain a significant co-owner alongside the GP
EQT buys Parcel2Go from Mayfair
Mayfair Equity Partners acquired Parcel2Go in December 2019 and will retain a minority stake
PAI to acquire SGD Pharma from JIC
Buyout reportedly values the pharmaceutical glass packaging producer at around €900m
Procuritas merges 12 IT companies to create Frendy
Procuritas will become the majority shareholder, while the founders of the companies will have a significant minority ownership of the merged entity
Synova invests in NorthEdge-backed Orbis Protect
NorthEdge bought the building security company in 2018 and will retain a minority stake in the firm
Keensight to buy Adista from Equistone
Company is aiming to double its revenues from €153m in 2020 to €300m by 2025
Exponent sells BBI Group to Novo Holdings in £400m deal
Exponent acquired the diagnostics products and services business in 2015 for £75m
DBAG sells Telio to Charterhouse
DBAG will reinvest in the prison communications system provider to hold a 13% stake
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Heubach, SK Capital Partners carve out Clariant Pigments
Carve-out values the company at up to CHF 855m with a CHF 50m earn-out component
Freshstream nets 4x on sale of Away Resorts to CVC
GP's exit comes two years after it acquired a majority stake in it from LDC, while LDC retained a significant minority stake
Synova invests in Doran + Minehane
GP aims to support the Ireland-headquartered asset management accountancy firm's acquisitive growth
Borromin invests in Little John Bikes
Borromin Capital has acquired a stake in Germany-based bike and e-bike retailer Little John Bikes.
Miura backs agricultural insurance broker Banasegur
With this acquisition, the GP intends to pursue a consolidation project in the insurance brokerage sector
Pinova Capital buys AdzLocal
GP generally invests in DACH SMEs with revenues of €10-75m, deploying equity tickets of €10-25m
Investindustrial backs Targa Telematics
GP invests in the company via Investindustrial VII, which held a final close on €3.75bn in November 2019
YFM sells FourNet stake to Palatine for 6x return
YFM invested £9m for a minority stake in the cloud contact centre business in 2017
Triton to acquire FairWind
Triton has signed an agreement to acquire a majority stake in Fairwind, a Danish provider of wind turbine installation and related services.
