Exits
Ardian buys Berlys and Bellsolà
Following the merger, the new group expects to generate €300m in revenues with 1,700 employees
Alpina partially exits Dolan
Transaction is also a partial exit for chemical industry veteran Jan Verdenhalven
LDC supports £16m SBO of Eque2 from Livingbridge
Construction admin software firm will acquire Miracle Dynamics Payroll and HR Solution
3i cancels sale of £182m ACR stake
$1bn deal for the Singaporean reinsurance business was shelved due to regulatory delays
Capzanine sells stake in Taliance
Capzanine became a majority shareholder in the financial software business during an LBO in 2007
Alpha Private Equity buys Ipcom from Waterland
Acquirer uses Alpha Private Equity Fund 7, which closed on €903m earlier this year, to fund the acquisition
Terra Firma to walk away from Four Seasons
Creditor H/2 Capital had originally proposed that the GP retain an 11% stake in the business
3i sells Hobbs to Foschini after 13-year holding
GP originally acquired the womenswear retailer from Equistone in a £111m EV deal in 2004
Ardian set to back Berlys SBO
GP will acquire the bakery in a deal valued in the €450-500m EV range, equating to a 10x EBITDA multiple
Citic Capital nears Axilone SBO
Chinese GP nears a buyout of the Paris-headquartered packaging supplier from Oaktree
Phoenix sells Porthaven to Fremont
Care home operator has increased its number of locations fivefold under the GP's tenure
Rutland reaps 2.6x on £69m sale of Brandon Hire to VP
GP was invested in the UK-based tool and equipment rental company via its second fund
Mezzanine fully exits BioVendor Group
GP fully realises its investment in the Czech diagnostics business after three years of ownership
Endurance Capital sells Elsold to Tamura Corporation
Japanese strategic investor will use Elsold as a platform for European expansion
Aheim sells WAG to Kieger, CIC Capital
End of a three-and-a-half-year holding for Aheim, which wholly acquired the company in 2014
Volume of PE-backed IPOs already up 25% year-on-year
Initial public offerings have proven to be a more popular exit route this year, although a lack of mega IPOs means aggregate value is still lagging
AnaCap's Aldermore to recommend takeover offer from FirstRand
Deal would value the UK bank, which listed in 2015 and is still backed by AnaCap, at £1.1bn
CCMP sells Pure Gym to Leonard Green in £600m deal
Pure Gym's revenues have increased fivefold over CCMP's four-year ownership
DBAG partially exits Cleanpart Group
DBAG acquired Cleanpart Group in 2015, at which time it reported revenues of €42m
JZ Capital reaps 9.2x cash on Factor sale
Fund manager received €69.7m of gross proceeds from the sale of the Spanish energy supplier
OpCapita carves out footwear retailer Merkal
Deal is the third investment in Spain for OpCapita, which invested via its second buyout fund
Vivocha sold to Aksía's Covisian
Deal sees Italian venture capital houses Principia and Vertis fully exit the business
Triton floats Befesa in €954m IPO
IPO prices at the bottom of the €28-38 range set by the company on 20 October
Fosun acquires PE-backed Tridem Pharma for €63m
Fosun acquires shares in the French drug distributor, which operates in African countries