Buyouts
Investindustrial's Lifebrain nears sale to Cerba HealthCare
Parties are in final-stage talks, with signing set to take place in the next couple of days
BC sells Pharmathen to Partners Group in EUR 1.6bn deal
BC Partners acquired the Greece-headquartered generic pharmaceuticals developer in 2015 for EUR 475m
Equistone acquires GSCM Group
GP has previous experience in the modular construction sector with Oikos Group
IK buys Blanchon from Abénex
First investment made from IK Small Cap III Fund, which closed in April 2021 on EUR 1.2bn
Ermenegildo Zegna merges with Investindustrial-backed Spac
Merged entity will have an anticipated initial enterprise value of USD 3.2bn
Nordic Capital buys majority stake in VC-backed Duco
Financial data management software raised USD 28m from VCs including Eight Roads and Insight in 2018
Sponsors in race for Laird Thermal Systems
Sale of the German business is moving into an interim round with confirmatory bids due 21 July
CVC Credit finances Livingbridge's World of Books buyout
Livingbridge bought the UK-based online reseller of secondhand books from Bridges Fund Management
JS World Media sale in home stretch, bidders include sponsors
Danish PE house Catacap and its German counterpart Findos are among the final-round bidders
Verdane steps up DACH activity with four new investments
GP has made a growth investment in Meister and majority investments in PremiumXL and Remember
WestBridge exits AJM Healthcare to Livingbridge
WestBridge backed the MBO of the wheelchair and mobility service provider in September 2018
Sun European invests in Sports & Leisure Group
GPP buys a majority stake in the artificial turf business, headquartered in Belgium
Nordic buyout deal volume peaks in H1 2021
Dealflow was more than double that seen in H1 last year, and up 25% on the first half of 2019
BC Partners invests in Valtech at USD 1.4bn valuation
Former reference shareholder Verlinvest and Valtech's new management also reinvest
Triton sells Polygon to AEA for 5.3x money invested
Secondary buyout of the building maintenance business ends a holding period of more than 10 years
Morrisons rival bidders may have little room to improve on Fortress bid
Both CD&R and Apollo are seen as viable threats to Fortressтs offer, one source says
UK buyout activity cools off in second quarter
While buyout activity fell more sharply in the UK compared to other European markets in Q2, dealflow remained very strong by historical standards
Ufenau sells Swiss IT Security to Triton for 12x money
GP also netted 150% IRR on the sale, having acquired the company in 2017, and following 17 add-ons
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Montagu acquires Intech from Eurazeo
Eurazeo says it is set to achieve a cash-on-cash multiple of 3x and an IRR of 31%
VR Equitypartner sells Megabad stake to FSN Capital
VR Equitypartner has sold its stake in Germany-based online bathroom fittings and furniture retailer Megabad to FSN Capital.
Stirling Square acquires Sustainable Agro Solutions
GP intends to support the Spain-based biostimulants producer with market consolidation
Towerbrook clinches Bruneau auction – report
Towerbrook reportedly beat competition from private equity firms Lone Star and Platinum
Eurazeo to sell early education business Grandir to InfraVia
Eurazeo is set to earn a 2x return on its initial investment