Exits
Gap narrows between trade sales and SBOs
Trade sales and SBOs have posted remarkably similar figures in the past six months indicating a narrowing of the historic gap between the two types of exit.
Apax, Blackstone, Permira and Providence fully exit TDC
The sale of TDC shows that not all investments made during the heady days leading up to the crisis were bad eggs.
Nordic Capital makes 5x on Permobil exit to Investor AB
Nordic Capital Fund V has agreed to sell Permobil,a Swedish rehabilitation power wheelchairs company to Investor AB for тЌ655m.
Benelux spirits lifted as exits rise
Benelux exits
Esure IPO gives firm £1.2bn market cap
Insurance provider Esure has completed its flotation on the London Stock Exchange, which gives it a market capitalisation of ТЃ1.2bn.
Northzone's Asetek becomes latest PE-backed IPO
Northzone's US-based company Asetek has listed on the Oslo Stock Exchange, the latest in a string of IPOs in Europe including Moleskine and Countrywide.
Platinum sells Contego to FIL International
Platinum Equity has sold packaging manufacturer Contego Healthcare Ltd to FIL International Ltd for around ТЃ160m.
Alpha Associés invests in ECS Group MBO
Alpha Associés Conseil has taken a stake in the secondary management buyout of French services provider to the air transportation industry European Cargo Services Group (ECS) from Chequers Capital, Equistone Partners and Indigo Capital.
Isis makes 2.8x money on MLS sale
Isis Equity Partners has sold Micro Librarian Systems (MLS), a provider of library management systems to the education sector, to Capita plc.
3i receives private equity bids for Civica
3i has received bids from a number of fellow private equity houses for its UK-based software business Civica, according to reports.
Fondations Capital buys Mazarine from LBO France
Fondations Capital has acquired French communications agency Mazarine in a secondary buyout from LBO France and 123Venture.
Countrywide's IPO pricing at top of range
Private equity-backed estate agent Countrywide has narrowed its IPO pricing at the upper end of its range.
Apax France sells Numericable B&L and Cabovisao stakes
Apax France has agreed to sell its stakes in cable operators Numericable Belgium/Luxembourg and Cabovisao to co-owner Altice.
Arlington backs MB Aerospace MBO
Arlington Capital Partners has backed the secondary management buyout of UK- and US-based aerospace engineering group MB Aerospace from LDC.
Syntegra's Moleskine launches IPO
Syntegra Capital has launched the IPO of portfolio company Moleskine in a listing that could value the business at up to €530m.
Highgrowth sells Facomsa stake to Prudential Tradelink
Spanish VC investor Highgrowth has sold its 35% stake in automotive components manufacturer Facomsa in a trade sale to Prudential Tradelink.
NVM exits Interlube Systems in trade sale
NVM Private Equity has sold British automated lubrication producer Interlube Systems to a subsidiary of The Timken Company, reaping a money multiple of 3x.
3i and RCP exit Giraffe to Tesco
3i and Risk Capital Partners (RCP) have sold their 36.8% stakes in UK-based restaurant chain Giraffe to Tesco, giving the business a ТЃ48.6m enterprise value.
Endless reaps 6x on Acenta Steel exit
Endless has sold its stake in UK-based steel bars processor Acenta Steel to the company's management, reaping a return of 6x its original investment.
Maven sells Homelux to QEP Company
Maven Capital Partners has sold tile accessories business Homelux to US firm QEP Company, following its carve-out from UK-based Homelux Nenplas Ltd.
Oxford Capital exits Arieso to JDSU
Oxford Capital Partners has sold UK-based mobile network optimisation specialist Arieso to Nasdaq-listed JDSU in a $85m deal.
CVC sells further shares in Evonik ahead of IPO
CVC and Rag Foundation have sold a further 4.6% stake in German chemicals business Evonik, reducing their stakes by around 6% each in total, ahead of a renewed attempt at listing the business.
Gimv's Verbinnen winds up
Gimv-backed Belgian food processing business Verbinnen Poultry Group has filed a petition to wind up on 25 February 2013 after failing to find a buyer.
HgCapital sells Computer Software for £110m
HgCapital has sold Computer Software Holdings Ltd (CSH) in a trade sale to Advanced Computer Software.