Exits
Bridges Ventures exits Whelan Refining
Bridges Ventures has sold its stake in Whelan Refining to the companyтs management team, reaping a 4.7x multiple on its overall investment.
Albion exits Nelson House to NHS-Care UK partnership
Albion Ventures has sold UK-based mental health hospital Nelson House to Sussex Partnership NHS Foundation Trust and Care UK for ТЃ8m, generating a ТЃ2m profit for the VC.
Eurazeo doubles money on Edenred exit
Eurazeo has sold its 10.2% stake in French prepaid corporate services company Edenred SA, reaping a multiple of 2x its initial investment.
Blackstone et al. circle Electra's Allflex
Electra Partners' livestock identification company Allflex has attracted interest from a dozen private equity firms, including Blackstone, Carlyle and Bain Capital, according to reports.
Carvest to buy Rave from Naxicap and Siparex
French transportation services group Rave is reportedly about to be sold by Naxicap and Siparex in a tertiary LBO backed by Carvest.
Moleskine to list this month
Notebook and diary brand Moleskine, owned by Italian GP Syntegra, will list on the Milan stock exchange this month.
Innova sells Donako to Rudolf Weinberger Holding
Innova Capital and co-owner Zeleznik Industrie Consulting GmbH have sold Polish industrial manufacturing business Donako to Austrian trade buyer Rudolf Weinberger Holding.
Montagu Private Equity sells ADB to PAI partners
Montagu Private Equity has sold Belgian airport lighting specialist ADB Solutions to PAI partners.
Naxicap and Siparex buy IPC
Naxicap and Siparex have acquired a majority stake in French cleaning products supplier IPC from Ciclad and private holding MFGI.
Abraaj Capital mulling Acibadem Sigorta sale
Abraaj Capital is planning to sell its 50% stake in Turkish health insurer Acibadem Sigorta, according to reports.
KKR sells BMG stake to Bertelsmann
KKR has sold its 51% stake in joint music venture BMG to co-owner Bertelsmann – a deal reportedly valuing the whole of the business at around €1.1bn.
Xerox buys Impika from Siparex et al.
A consortium of French private equity houses including Siparex, CM-CIC Capital Innovation, Turenne Capital and XAnge Private Equity have sold inkjet printing solutions business Impika to Xerox.
Penta-backed Esure moves forward with IPO plans
Penta Capital's portfolio company Esure has confirmed its intention to list on the London Stock Exchange.
Isis sells LBM Direct Marketing to Stream Global Services
Isis Equity Partners has sold its stake in British data provider LBM Direct Marketing to US trade buyer Stream Global Services.
CVC places Evonik shares as IPO markets wake up
CVC is the latest GP taking a more flexible approach to exiting its businesses, selling a share in chemicals business Evonik to institutional investors in preparation for an IPO.
3i sells Enterprise in £385m deal
3i has sold business services provider Enterprise to Spanish infrastructure company Ferrovial for ТЃ385m.
Sun European Partners sells $72m Lee Cooper Jeans to Iconix
Sun European Partners has sold British apparel brand Lee Cooper Jeans to Iconix Brand Group for $72m.
KKR to sell BMG stake to Bertelsmann
KKR is reportedly about to sell its 51% stake in joint music venture BMG to co-owner Bertelsmann.
Ista sale to kickstart German large-cap activity
Charterhouse and CVC Capital Partners are expected to launch exit proceedings for German energy-metering firm Ista, amid speculation that German deal values could surge in the coming year.
Oaktree's Countrywide to launch £200m IPO
UK-based real estate agency Countrywide, a portfolio company of Oaktree Capital Management, confirmed it will list on the London Stock Exchange.
CVC, BC Partners to team up for Elior bid
UK-based private equity houses CVC Capital Partners and BC Partners are reportedly planning a €3.5bn bid for French catering company Elior.
Apollo's Taminco considers IPO in US
Apollo Global Management portfolio company Taminco Global Chemical, a Belgian chemical business, is understood to be considering a US flotation.
Activa Capital sells Logitrade to Soridec et al.
French mid-cap GP Activa Capital has sold outsourcing business Logitrade to regional growth capital specialists Soridec, Sofilaro, Sofipac, Multicroissance and Sopromec.
Osprey Capital makes 12x money on Allium sale
Osprey Capital has completed its first divestment, reaping an 11.9x multiple on the sale of British advisory firm Allium Capital.