Buyouts
Boots sale stumbles against limited financing availability
Asda and sponsors Apollo and Sycamore are said to be circling the auction of the Walgreens Boots Alliance-owned business
Capital D-led consortium acquires Phrasee
GP is joined by Morgan Stanley Expansion Capital, Keyhaven Capital, family offices in deal for AI-power copywriting group
Genesis buys majority stake in HC Electronics
GP is investing in the electronics manufacturing firm via its EUR 40m Genesis Growth Equity Fund I
I Asset Management, BaltCap acquire Dr Vet
IAM has a specialist Petcare Growth Fund
Queen's Park Equity backs Blue Ribbon MBO
The deal is the sixth from QPE's Equity Fund I
Corsair exits RGI to CVC
Financial services-focused sponsor Corsair acquired the insurance software firm from Ardian in 2018
Investcorp sells Dainese to Carlyle in EUR 630m SBO
The motorcycling protective clothing producer's revenues doubled during the investment period
Cinven buys Bayer's Environmental Science Professional for EUR 2.4bn
It is the third industrial carve out by the GP since 2020
Gimv exits Wolf Lingerie in NextStage-led SBO
French GP is joined by BNP Développement and BPI in investment for lingerie maker
Palatine acquires housing provider Jessup
GP competed against other sponsors in Clearwater-led auction; founder Clive Jessup to retain minority stake
Inflexion buys Astrak Group
Inflexion has now announced two deals from its recently closed GBP 2.5bn Inflexion Buyout VI fund
Limerston exits Prism to Charme
Charme will complete the deal through Charme IV, which has raised EUR 700m to date
Inflexion exits Succession to Aviva for 3x money
Insurer Aviva paid GBP 385m for the asset
Investcorp acquires cybersecurity company HWG
Founders of the Italy-based business will have a substantial minority stake alongside the GP
Scout24 back on PE radar as tech rout provides fresh opportunity
Several buyout groups have revived interest in a possible bid for the Frankfurt-listed real estate marketplace
Battery exits Forterro to Partners Group for EUR 1bn
New owner to expand London-based ERP provider with organic growth initiatives and acquisitions in adjacent geographies, sub-verticals
Summa buys Intix in first Fund III deal
ESG-focused GP will help accelerate growth of Belgian fintech specialised in monitoring transactions for money laundering
Doxx to collect initial bids amid fierce midmarket sponsor interest
German digital healthcare staffing specialist has attracted GPs such as IK, DPE, Ardian, Chequers, Triton, PAI, Equistone, Rivean Capital
Evoco makes three-company Austrian portfolio deal
Deal sees the GP acquire companies from AWS Mittelstandsfonds including medical technology firm AMI
PAI sells Refresco to KKR for USD 8bn
The price reflects a 14x EBITDA multiple for Refresco
Equistone buys Eperi, VC backers exit
BtoV and Evolution Equity Partners had previously provided funding for the data cybersecurity firm
FSN reinvests in Active Brands alongside Verdane
FSN reenters the Norwegian sportswear company via Fund VI; Verdane joins as minority shareholder
Aurelius buys CTD in carve-out from Saint Gobain
GP will own most of its stake in the ceramic tile firm via its EUR 360m European Opportunities fund
Onex eyes fundraise for sixth fund
Predecessor vehicle was expected to be 78% deployed in December 2021 after acquiring TES Global