Exits
ICG-backed Adelie falls into administration
Trade buyers Greencore, Bakkavor and Samworths have all been listed as potential buyers
Genui to sell Cherry to Argand Partners
Germany-based GP will retain a 25% stake in the company, according to a competition authority filing
Horizon sells Connexas to trade
For the 2019 financial year, the company reported adjusted EBITDA of £6m from revenues of £18.4m
Invision sells Vantage Education
Sale ends a seven-year investment period, during which the GP backed five bolt-ons
Benson Oak fully exits Klikpojisteni.cz
Klik will join the group comprising Netrisk.hu and Biztositas.hu, backed by TA and MCI
S-UBG wholly acquires Palmer Hargreaves
S-UBG offers growth capital and seed funding through its Seed Fonds II Aachen fund
LitCapital exits NNL
Investment generates a 4x return, for an IRR of 26%, for LitCapital
KKCG sells Conectart to Genesis
Conectart plans to further expand its operations in the central and eastern European region
Mutares sells Klann Packaging to Accursia Capital
Sale ends a nine-year holding period for Mutares and the GP is now focusing on larger investments
Parquest Capital sells Homeperf
GP, alongside minority shareholders BNP Paribas, Arkéa and Vivalto, reinvest in the business
Herkules Capital sells sportswear retailer Odlo
Sportswear retailer was acquired by the GP in 2010 and its sale follows a process initiated in 2018
Aurelius-backed Office Depot sells Nordic operations to management
Sale follows the divestment of the office supplier's CEE-based operations in November 2019
E-Capital sells Rips Technologies to trade
Buyer is code quality management company SonarSourced, backed by Insight Venture Partners
Arcmont Asset Management acquires Masai from Silverfleet – report
Silverfleet exits the business five years after acquiring a majority stake in it via Silverfleet Capital II
Sun Capital's Flabeg Germany files for insolvency
Coronavirus lockdown and its impact on the automotive industry were the trigger for the filing
Centerbridge-backed Farmafactoring buys PE-owned Depobank
Depobank will be merged into BFF and the GPs will own a stake of 7.6% in the combined entity
Mezzanine Management sells Optimapharm to Rohatyn Group
Mezzanine Management provided a €10m mezzanine facility to the business in October 2018
UK CFOs anticipate 1-2 year's slip in exit timetables - survey
Of the 144 CFOs surveyed by Unquoted Advisory, 52% say investors have been "very supportive"
Altor acquires Eleda; adds on JVAB and One Nordic
Combined turnover of the enlarged group was SEK 6bn in 2019
LGT buys Bridgepoint-backed 5aSec in debt-to-equity swap
Bridgepoint has sold its equity stake in 5aSec for a symbolic €1, which sees the firm wholly exit
Gilde buys Corilus from AAC Capital
Sale for the healthcare software company began in November 2019 and continued in spite of coronavirus
Eight Roads-backed Picsolve enters administration
Deloitte has been appointed to find a buyer for the whole company or for a part of it
Verdane-backed Wrap sells software arm to trade
Verdane Capital in 2008 acquired a majority stake in the parent company from Swedish business Saab
Towerbrook to inject €100m in BC-backed CarTrawler in debt-for-equity swap
CarTrawler has €120m of its TLB and €25m of revolving credit facility debt outstanding
