Exits
VCs sell stakes in Kandy Therapeutics to Bayer
Backers included Advent Life Sciences, Fountain Healthcare Partners, Forbion, OrbiMed and Longitude
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Horizon exits Glass Container to Vetropack
Glass Container companies are portfolio companies of Horizon Capital’s Western NIS Enterprise Fund
Marcol invests in Fernarzt, launches new HealthHero platform
Seed investor Heartbeat Labs will retain a 10% stake in Fernarzt
THCP-backed Byron to be acquired out of administration
Existing investors, including Three Hills Capital Partners, will retain a minority share
Capital D sells Invincible Brands to Henkel
Capital D acquired Invincible Brands for an undisclosed sum in January 2018
G Square looking to exit ISPS - report
G Square acquired the healthcare training business from Montefiore in 2016
White Bridge buys Alpha Test from Aksia
GP intends to support the company’s growth and expansion across the education sector in Europe
Aurelius's Office Depot to sell Spanish direct business to trade
Deal is Office Depot’s fourth divestment in nine months as part of its ongoing restructuring
PAI to acquire Amplitude from Apax
Apax, which currently owns 41.4% of the listed company, would fully exit its stake
Leonard Green-backed CPA merges with Clarivate in $6.8bn deal
Clarivate is anticipating adjusted revenues of $1.13-1.16bn and adjusted EBITDA of $395-420m for 2020
Ardian buys Finaxy from Equistone
Sale ends a six-year holding period for Equistone, which owned a stake of around 80% in the company
KKR sells Papresa to Quantum
Sale ends a six-year holding period for KKR, which acquired Papresa from Grupo Alfonso Gallardo
GCP exits DMW to Credera
DMW's management team, led by CEO Chris Dean, will continue in their current roles
IK sells Aposan to Ardian-backed Santé Cie
Sale ends an investment period of almost four years, during which revenues and EBITDA doubled
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Centerbridge Partners exits Cepal to Alpha Bank
Alpha Bank, which already owned a 40% stake in Cepal, acquires full control of the company
Aurelius sells Office Depot's Spanish business to trade
Deal is part of the ongoing restructuring of the company started under Aurelius's ownership
PE exits hit decade low in Q2
Volume of exits by PE players across Europe fell by 43% year-on-year in Q2 2020 as the coronavirus crisis took hold, according to Unquote Data
Gilde's Gundlach Automotive sells Goodwheel to trade
Deal sees the B2B-focused tyre and auto parts company sell its B2C online retail division
Silver Lake in exclusivity to acquire Meilleurtaux from Goldman Sachs
Deal follows Silver Lake's acquisition of France-based HR software Silae in July 2020
Talde, Oquendo exit Rotecna to Solix-backed Skiold
Rotecna becomes part of Skiold's existing pig business unit and continues to be led by ts management team
Aurelius to acquire majority stake in DetailM
Arcus Capital is the advertising company's majority owner, while Aheim Capital owns a minority stake
Bestport sells Oracle for 3.3x return
Oracle Residential has 11 children's homes across Bedfordshire, Cheshire and Staffordshire
