Buyouts
Goldman Sachs AM beats sponsors to buy Norgine
Buyer's PE arm competed with Bain and Cinven in the auction second round
Perusa to exit Müpro in SBO to IK
Management of the German industrial fixings supplier will reinvest with a minority stake
Ufenau acquires EinzelNet in first deal with Fund VII
Management and founders will retain a 25% stake in the Spanish IT services group; bolt-ons planned under new owner
MB Funds to exit Raksystems in sale to Trill Impact
New majority owner will seek to expand the Finnish green building services specialist across Europe
PEAL Capital buys majority stake in Derma Medical
Deal marks the first investment by the female-led GP’s debut fund, which seeks to raise USD 300m
Sun European acquires DD Group in carve out from IDH
Vendor Palamon said deal is phase one of returning IDH to pureplay dentistry, will invest proceeds in M&A
The Bolt-Ons Digest – 23 May 2022
Unquote’s selection of the latest add-ons featuring Nordic's Advanz, H2's Optegra, Sovereign's Zenitech, Carlyle's Dept, and more
BC Partners, Ardian among sponsors in second round of Simago sale
Antin and Eurazeo also in race for minority stake in the French medical imaging specialist
Verdane scores 5x MOIC in partial exit of Inriver to THL
Majority investment from THL Partners sees Verdane retain a minority stake in the Swedish company
CVC to buy sports nutrition specialist The Quality Group
GP to acquire majority stake via Fund VIII; German group’s founders to reinvest in the deal
IK to sell 2Connect in SBO to Rivean
Management of the Dutch cable and connectors manufacturer will reinvest in the transaction
Mayfair buys majority stake in garage door group Garolla
Sponsor will seek to support domestic and European expansion of the company’s D2C franchise model
Hg to sell Itm8 to Axcel, Chr. Augustinus Fabrikker
Danish IT services company will merge with Axcel-backed AddPro to form a new group with DKK 2.6bn revenues
Apollo buys minority stake in life sciences investor Sofinnova
Deal gives the French VC firm EUR 1bn in commitments for future funds as well as access to broader LP base
Bravo Invest reaps 3x, 4.5x MM apiece in Arbo and MTW exits
With sales of Italian portfolio companies to NB Renaissance and DBAG, respectively, Bravo’s debut fund has now conducted four exits
EMH buys minority stake in Genui-backed Acrolinx
Genui remains the majority owner of the German AI-enabled intelligence software business
QPE backs MBO of Republic M!
The buyout of the British commercial services outsourcer is QPE's seventh platform deal under its maiden fund
Trilantic to buy Kantar Public in carve-out deal
UK public policy advisory business will operate as an independent company following the carve-out from Bain Capital-backed Kantar Group
ECI sells Imagesound to Livingbridge for 2.6x money
The sale is the eight from ECI's 2015 vintage fund and the third from ECI 10
Bregal Unternehmerkapital acquires Italgel
Specialty gelatine and collagen-based ingredients producer is the GP's second deal in Italy
Oakley invests in Vice Sporting Goods
Primary deal will see Oakley Capital Origin Fund deploy GBP 11m in German founder-led golf balls brand
IFF carve-out of Frutarom Savory likely to attract large sponsors
JPMorgan and Lazard will lead on the auction of Austrian food ingredients subsidiary, which could launch as early as June
Lonsdale acquires Todays Dental
Sponsor plans to add-on over 40 dental practices in England and Wales; CEO managed add-ons for two of Europe's largest dental groups
Bridgepoint sells HKA to PAI Partners
New owner plans to accelerate expansion of UK-based risk mitigation consultancy into adjacent areas via acquisitions