Buyouts
Partners Group closes fourth PE programme on USD 15bn
Programme includes USD 6bn from the GP's fourth direct PE fund, Partners Group Direct Equity 2019
Egeria sells Dutch Bakery to 3i
SBO of the Netherlands-based home-bake and snack products producer ends a four-year holding period
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
CVC acquires Inflexion-backed Medivet in GBP 1bn deal
Inflexion took a minority stake in the veterinary care provider in December 2016
KKR drops out of Zooplus race
Hellman & Friedman increased its take-private offer to EUR 3.29bn earlier this week
Langholm winds up remaining assets in Verdane sale
Sale of WoolOvers, Purity Soft Drinks and Lumene sees Langholm wind up its remaining assets
Sovereign acquires Aquitaine Group, makes two bolt-ons
Add-ons are part of the private trust and corporate services provider's consolidation strategy
H&F increases Zooplus take-private offer
Increase from EUR 3bn to EUR 3.29bn follows competing takeover interest from EQT and KKR
HIG to collect first-round bids for Conet next week
Mid-cap private equity firms are taking an interest in the asset, sources say
Providence to acquire Apax's Marlink for USD 1.4bn
Both firms announced in August that they had entered exclusive negotiations
KKR, Bain among suitors for Unilever's tea business
Cinven, Blackstone, Apollo, CD&R and CVC are among the other sponsors considering bids
Risk Capital Partners leads GAK management buyout
Brighton-based musical instruments retailer GAK was founded in 1992 by vendor Gary Marshall
Apax, Warburg team up for EUR 5.1bn T-Mobile Netherlands deal
Deal values the Dutch telecoms operator at 8.7x its last-12-month adjusted EBITDA
PAI buys European Camping Group from Carlyle et al.
SBO reportedly values the camping holiday site operator in the EUR 700m-730m range
KKA acquires majority stake in CuraMed Kliniken
GP has identified two targets to expand the capacity of the mental health clinic chain
Morrisons suitor Fortress could take its time to respond to CD&R bid
CD&R's 285 pence bid pipped Fortress's earlier offer, leading Morrisons' board to switch its recommendation
Marlink to be acquired by Providence
Apax bought the satellite communications company back from Airbus in 2015 for EUR 450m
Waterland sells Atos Kliniken to ICG
Waterland formed the orthopaedic clinic chain via a spin-off from portfolio company Media in 2016
Capiton buys majority stake in Kutterer Mauer
GP aims to support the tube and jar cap and closure manufacturer with organic growth and add-ons
Eurazeo to sell Seqens stake to SK Capital et al.
Exit will see Eurazeo make returns of 1.8x-2x and follows a five-year investment period
Cardinal Capital to acquire MML-backed Ashdale Care
A source close to the situation confirmed the deal; it was first reported in the Irish Sunday Times
Livingbridge acquires RealVNC
Equity comes from the GP's GBP 1.25bn Livingbridge 7, which has made four deals in Europe so far
Hg buys majority stake in Waterland-backed Serrala
Waterland acquired the B2B financial automation software in 2016 and will retain a minority stake
AGIC to sell Fotona to Vitruvian
AGIC is to retain a stake in the Slovenia-based medical and dental laser company
