Exits
Segulah sells NVBS Rail Group to Ratos
Exit sees NVBS acquire Finland-based Ratatek; the group's EV is EUR 103m with a 9.4x EBITDA multiple
AP Moller, Biogroup among final bidders for Waypoint's Affidea
Final offers for the pan-European outpatient group are expected in a couple of weeks
Soho Square explores Alpine Fire Engineers sale
Clearwater is advising on the upcoming auction for the Manchester-based provider of active fire sprinkling systems
FSN readies IT consultancy Nordlo for exit
Danske Bank is among advisers in the upcoming auction, which could see the Sweden-based asset marketed off EUR 25m-30m EBITDA
Hg invests in EQT, TA backed IFS and WorkWave
EQT VIII exits majority of its positions and reaps 3x money after two years invested in the cloud software companies
Equistone sells FirstPort to sponsor-backed Emeria
Deal for UK property management group marks first exit from Equistone Partners Europe Fund VI
Connection Capital exits Tempcover to RVU for 5x money
London-based RVU owns Uswitch, Confused.com, and Money.co.uk
Hg eyes exit from software and services group IRIS
Company could be marketed off annual EBITDA of more than GBP 110m; unclear whether co-owner ICG would seek an exit
CVC sells Theramex to Carlyle, PAI for GBP 1.2bn
CVC acquired the women's health pharmaceutical business in a USD 703m carve-out in 2017
Investcorp exits Agromillora to Edify
GP invested EUR 30m in growth initiatives since entry in 2016; founders of the Spanish plant propagation services group are reinvesting
Ardian readies Dedalus for controlling stake sale
Morgan Stanley and UBS are preparing an auction for the Italy-based hospital software group
Novum-backed MMC Studios up for sale amid content production boom
Novum Capital bought the Germany-based film and television production company in 2019
Exponent sells Enra to Elliot Advisors
Exit reportedly values the UK-based specialist mortgage finance provider at more than GBP 350m
Innova exits Trimo for 4.5x money
Deal values the Slovenian buildings supplier at 9.5x 2021 EBITDA; GP's 2020 exit attempt collapsed after lengthy competition process
GHO to explore Sterling Pharma exit this year
UK pharma manufacturing services asset could be marketed off GBP 50m EBITDA in a sale process in H2 2022
Bowmark explores Lawyers On Demand exit
GP appointed Rothschild to advise on the sale process, which is still in its early stages
Hg gears up for MEDIFOX DAN exit
Houlihan Lokey will advise on the sale of the healthcare software group, which has already seen interest from large sponsors
Motive sells Global Shares to JP Morgan
Deal generates around 10x return on invested capital and values the Irish equity compensation software solutions at USD 750m EV
IK taps Lincoln for 2Connect exit
Auction for Dutch cable and connectors manufacturer is expected to launch by Q2 2022
Permira's Golden Goose in talks with banks over potential New York IPO
Italian high-end sneakers maker started discussing listing with advisers that helped it with a senior secured bond issuance last year
Corsair exits RGI to CVC
Financial services-focused sponsor Corsair acquired the insurance software firm from Ardian in 2018
Investcorp sells Dainese to Carlyle in EUR 630m SBO
The motorcycling protective clothing producer's revenues doubled during the investment period
Design Holding aims for pre-summer Milan IPO
Owners Carlyle and Investindustrial have appointed advisers for potential listing of the Italian furniture and lighting group
Equistone's Acuity Knowledge tipped as sale candidate
Discussions around sale of UK-based outsourcing research business were triggered by inbound sponsor interest