Exits
Livingbridge sells Ten10 to Graphite Capital
Management team is led by Chris Shaw who was appointed as chief executive in September 2017
HTGF, Bayern Kapital exit ChromoTek to trade
VCs invested in the nanobodies developer in 2010; ChromoTek has been sold to a US-based market peer
Mercia sells Clear Review for £26m
Mercia portfolio director Nigel Owens, previously a non-executive director, will step down
LDC exits Mitrefinch
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Baird, Beechbrook complete Nigel Wright restructuring
Both institutional investors will retain minority positions in the recruitment business
Mid Europa sells minority stake in listed Waberer's
Transaction also includes a call option for trade buyer Indotek for the GP's remaining 47.99% stake
VC-backed Homebell sold to Portal United – report
VCs including Lakestar and Index have invested in the online home renovation booking platform
Ardian sells Gantner to Alantra-backed Salto
Deal is financed with a €125m capital increase deployed by Alantra, alongside Sofina, Peninsula and Florac
Omnes, BPI France sell Somos to trade
Semiconductor company has been acquired by Switzerland-based ST Microelectronics
Patrimonium acquires Roth Group in SBO from Equistone
Equistone acquired the Swiss fire protection and construction company from Ufenau in 2016
Bridgepoint et al. sell Béaba to Bluegem
Bridgepoint inherited its Béaba shareholding in 2014 following its acquisition of Edmond de Rothschild Capital Partners
Permira-backed Allegro lists with market cap of €9.8bn
Allegro intends to use the proceeds, alongside a new credit facility, to repay its existing debt
Latour acquires Santiane from BlackFin for €200m EV
Santiane was marketed based on €15m EBITDA, with vendors expecting an EBITDA multiple of more than 10x
Apax sells SK FireSafety to API
SK FireSafety's management team will stay on with the company following the transaction
OpenGate-backed SMAC to sell Axter to trade
OpenGate last year carved out SMAC from French road construction company Colas
Kennet-, Eight Roads-backed Rimilia sold to trade for up to $150m
Nasdaq-listed BlackLine is an enterprise software company with a market capitalisation of $5.182bn
Sun Capital's Flabeg acquired by lender Cordet
Cordet Capital provided financing for the automotive glass parts supplier in 2016 and 2018
Further Global acquires majority stake in AA Ireland for €240m
AA Ireland posted €13.7m in net profits in the year to January 2020 on sales of €62.4m
Warburg Pincus sells stake in Avaloq at CHF 2bn valuation
GP invested in the banking software platform in 2017 at a CHF 1bn valuation and held a 45% stake
Norvestor exits Aptilo Networks to trade
GP exits the company nine years after acquiring it for €14.5m
Nordic Capital, Carlyle bid for Octopus-backed Calastone
Trade bidders are also competing in the process, while Motive Partners was bidding, but is no longer involved
HTGF, WestTech sell Semknox to trade
Sale of its stake in the AI-backed product search software platform is HTGF's eighth exit of 2020
Keyhaven sells TCX to Investcorp's Dainese
Company becomes part of the Dainese group, which designs clothing for outdoor sports and is controlled by Investcorp
Main Capital sells RVC Medical to trade
Sale process saw interest from sponsors and corporates, and ends a six-year holding period for Main Capital
