Exits
Inflexion to exit Xtrac in SBO to MiddleGround Capital
Sale of UK-based transmission-systems manufacturer marks Buyout Fund IV’s seventh exit
Teasers out for Ardian-backed imes-icore
No formal process has kicked off for the German medtech firm but significant sponsor interest is expected
Apax acquires co-controlling stake in Fremman Capital-backed Palex Medical
Deal values Spain-headquartered medical equipment distributor at around EUR 1bn
Turkven exits MNG Kargo, expects partial exit from Mikro Yazilim
Turkish GP sold its majority stake in Turkish parcel delivery business and could make a second exit to PE-backed TeamSystem
Permira early strong contender in Triton-backed Pharmanovia auction
Speciality pharma business sale comes as a number of other large-cap healthcare auctions have faltered
Graphite Capital exploring Babble exit via DC Advisory
GP acquired the cloud comminications business in 2020, with previous owner LDC retaining a minority stake
Equinox pauses Pizzium auction, will reevaluate in coming months
GP acquired the Italian pizza restaurant chain in 2021; the business has overperformed in recent months
Bencis prepares Kooi for sale via Lincoln
Netherlands-based video surveillance business was founded in 2010 and acquired by Bencis in 2018
IRIS Software owner Hg plots post-summer sale
Auction for software platform could see a wide range of bidders, including US-based GPs
Puzzel sponsor Marlin approaches buyers for exit via William Blair
GP bought the Norway-based call-centres-as-a-service business in 2019 from Herkules Capital
ICG sells majority stake in With Intelligence to Motive Partners in GBP 400m deal
Sale to specialised financial technology investor follows a competitive process and brings acquirer closer to launch of third fundraise
Main Capital-backed Assessio sale enters second round with strategics among shortlisted bidders
Final bids for Swedish recruitment services platform were due last week; process kicked off in April
Netzkontor sponsor DBAG weighs exit options following beauty pageant
GP acquired the German telecoms service provider in 2018 and has subsequently made 13 add-ons
European SBOs sink to lowest level since GFC, leaving sponsors weighing exit options
Hopes for exits comeback pinned on M&A uptick and shift in valuation expectations in 2H 2023
RelyOn Nutec sponsor Polaris preps autumn sale via Houlihan Lokey
GP bought the safety training provider, then known as Falck Safety Services, in a carve-out in 2018
Cinven emerges as frontrunner for ICG’s With Intelligence
ICG aims to sign deal for financial data and intelligence provider by end of next week
Stirling Square relaunches Outcomes First exit with education division sale
GP split the business into education and fostering units last year after an earlier sale attempt
Unquote Private Equity Podcast: Overcoming the exit impasse
Unquote assesses the obstacles to executing successful exits and speaks to Equistone senior partner Steve O’Hare about the GP’s approach to its recent realisations
IK-backed Klingel bidder ELOS Medtech frontrunner in late-stage auction
German medical equipment firm also drew sponsor interest, with some dropping out due to valuation expectations
Nordic Capital reaps around 6x money in Macrobond SBO
US-based tech sponsor Francisco Partners set to acquire the Swedish financial data provider
AlphaPet Ventures gears up to collect first-round bids as investors weigh up pet food’s appeal
Sponsors including IK and TA Associates expected to look at Capiton-backed German petfood company
Macrobond owner Nordic Capital collects initial bids in wide sale process
Nordic Capital is expected to collect non-binding offers for Swedish financial data company Macrobond this week, two sources familiar with the situation said.
Summa Equity’s Documaster tipped as likely exit candidate for 2024
GP bought a majority stake in Norway-based digital document platform provider in 2017
HLD's 52 Entertainment sale on hold over valuation issues
French gaming developer had been expected to see a valuation of at least 15x EBITDA