Exits
Chequers weighs sale of textile chemicals maker Bozzetto
Sponsor will be advised by Lazard on the upcoming auction for the Italian producer of polymers and resins
Progressio exits Save the Duck to L’Occitane bosses
New owners pre-empted sale process for the Italian animal-free clothing brand; deals marks the second exit by Progressio’s Fund III
Main sells Obi4wan to PE-backed Spotler
Exit to CNBB portfolio company Spotler Group ends a holding period of almost six years
Investindustrial sells Neolith to CVC VIII
During Investindustrial tenure Neolith posted EUR 145m in revenues in 2021 and an EBITDA CAGR of approximately 20%
Buyout groups circle Trivium Packaging auction
Owners OTPP and Ardagh requested non-binding offers last week after distributing sale materials in March
EQT pauses LimaCorporate auction
Sponsor is expected to reassess options for the Italian orthopaedic prosthetics producer after new CEO appointment
IK Partners sells Recocash to Qualium Investissement
Deal marks the third exit from IK Small Cap II, which is at least 93% deployed
LGT's Batisanté draws interest from multiple sponsors in hotly contested sale
GPs including Chequers, Equistone, IK, Latour and Naxicap are circling the LGT-backed firm
ICG, Ares and GBL among sponsors in Sanoptis second round
Current backer Telemos wants to remain invested as a minority shareholder in the ophthalmology group
EMZ exits Ankerkraut to Nestlé for 2x money
Deal marks the first full exit for EMZ Fund 9 and ends a holding period of less than two years
Capital Croissance gears up for Smart AdServer exit
GP bought a majority stake in the France-based digital advertising platform from Cathay in 2021
Parcom prepares insurance provider TAF for exit
Parcom acquired a majority stake in the Netherlands-based business in December 2018
Briar Chemicals owner Aurelius launches sale process
Aurelius had previously gauged interest for the chemicals producer in 2019, Mergermarket reported
Advent buys IRCA in SBO from Carlyle
Bakery ingredients firm has a reported EV of EUR 1bn and is expected to post 2022 EBITDA of EUR 75m
Silverfleet exits Prefere Resins in SBO to One Rock
Concerns about Russian exposure and raw materials costs surfaced in the sale process, Mergermarket reported
SEB Private Equity sells Norcospectra to Accent
Commercial interiors business is expected to expand via add-ons and develop its digital offering
Ganni sponsor L Catterton appoints Lazard to explore sale
Denmark-headquartered online fashion retailer could come to market in H2 2022, Mergermarket reported
Novo-backed ReViral acquired by Pfizer
The British biotech company is also backed by CR-CP, New Leaf, Andera Partners, and OrbiMed, among others
Phoenix exits Forest Holidays for 3x money
Buyer is Sykes Holiday Cottages, a portfolio company of Vitruvian Partners and Livingbridge
Altor in early dual-track preparations to exit Transcom
Rothschild is mandated as sale adviser for the Swedish BPO group, while JP Morgan will advise on IPO track
Inflexion sells Marley for 3.5x, 58% IRR
Sale to listed construction firm Marshalls values the roofing tile specialist at GBP 535m
Accent exits Motum to Mitsubishi Electric
Sale of Swedish elevator services group marks the 12th exit from the Accent Equity 2012 fund
Dental Directory sees Exponent, Equistone bare teeth in sale second round
DC Advisory is expected to review final bids for the carve-out from Palamon-backed IDH Group in about a month
Adelis launches majority stake sale of Knightec
GP is being guided by Carnegie in the exit from the Swedish technology consultancy