Exits
Bridges reaps 2.5x return on sale of Wholebake to Elysian
Deal is the second investment for Elysian Capital III, which closed on its GBP 325m hard-cap in 2020
TriSpan buys Pho, Gresham House Ventures exits
Pho generated revenues of around GBP 40m in the year to February 2020
PAI acquires Scrigno from Clessidra
Deal is the fourth inked by PAI's new Mid-Market Fund, closed on EUR 920m in March
Ambienta sells Calucem to Cementos Molins in EUR 150m deal
Calucem reports a turnover of EUR 58m, with an EBITDA of EUR 16m
Lonsdale sells Charles Cameron to Penta's Socium Group
Third exit announced by Lonsdale this year, and the second from its 2016 fund
PAI explores Refresco exit
Paris-based private equity firm is exploring options around a dual-track process
Livingbridge acquires IT service North from Aliter Capital
Aliter Capital formed North via a buy-and-build strategy for portfolio company Boston Networks
Three Hills sells ACT stake to Bridgepoint in USD 1bn deal
GP invested EUR 60m for a minority stake in the environmental commodities trading platform in 2018
Alto Partners exits Ro Mar in trade sale
Alto Capital III fund secured a majority stake in the food products manufacturer in 2017
Qualium sells La Foir'Fouille stake to manager and funds - report
Deal values the French discount retailer at between EUR 150m and EUR 200m
Bridgepoint explores Anaveo exit, initial bids due imminently
Financial sponsors showing preliminary interest include 3i, PAI and Motion Equity Partners
Afinum, SHS sell Evitria to trade
Exit values the Switzerland-based antibody expression specialist at more than EUR 200m
Equistone sells Bruneau to Towerbrook
Earlier media report put the EV of the French online office supplies retailer at EUR 475m
Mandarin Capital mandates advisers for Italcer sale
Sale will kick off later in the year, targeting both private equity firms and industry players
Bregal acquires Advent-backed Laird Thermal Systems
Advent acquired LTS's parent company Laird in a GBP 1.2bn take-private in 2018
Alpha Private Equity sells Vertbaudet to Equistone
SBO of the children's clothing and accessories retailer is Equistone's sixth platform deal of 2021
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
IGI to assess strategic options for Nuovaplast
Manufacturer of PET preforms Nuovaplast attracted unsolicited approaches by European industry players
Apax advised by UBS on Wehkamp exit
Dutch online warehouse Wehkamp is expected to come to market in H2 2021
Palamon exits Feelunique in GBP 132m sale to Sephora
Palamon acquired the UK-headquartered online beauty products retailer for GBP 26m in 2012
PE buy-side appetite further boosts exit options for sponsors
Secondary buyouts accounted for nearly a third of all PE exits in the first half of 2021, compared with typical levels of 20-25%
EQT explores strategic options for Banking Circle
Options include a private sale and a merger with a blank-cheque company, as well as a listing via IPO
KKR readies German auto parts maker Tekfor for September sale
KKR attempted to exit Tekfor around two years ago in a sale process that was ultimately inconclusive
A&M Capital Europe buys Pet Network for EUR 260m
Pet Network was created by TRG in 2018 through the acquisition and merger of three businesses
