Exits
Merlin valued at £3.2bn in IPO
Blackstone- and CVC-backed Merlin Entertainments has listed on the London Stock Exchange, with shares priced at £3.15 apiece, valuing the business at £3.2bn.
CGS Management sells Schöttli to Husky
CGS has sold injection mould maker Schöttli to injection moulding equipment manufacturer Husky Injection Molding System.
Permira picks up 3i’s Bestinvest
Listed-firm 3i has sold UK wealth manager Bestinvest to Permira.
Nordwind sells SHW stake
Nordwind Capital has sold its remaining 58% stake in listed German automotive supplier SHW for €132.6m, according to reports.
3i acquires Allianz's Scandlines stake
3i Group has agreed to acquire co-investor Allianz Capital Partners’ stake in ferry operator Scandlines.
UK plc to overlook Europe
UK plc is to look further overseas, to destinations including the US, India, Brazil and China, for new acquisitions, diminishing a key exit route for European private equity-backed businesses.
3i-backed Everis sold to NTT Data
Japanese IT services company NTT Data has wholly acquired Spanish business consultancy firm Everis, giving an exit to 3i, Hutton Collins, Grupo Landon and Ariadne.
Gresham divests Swift
Gresham Private Equity has sold oil & gas recruitment company Swift Technical Group to Wellspring Capital Management.
LDC sells Mountain Warehouse to management
LDC has divested Mountain Warehouse, a UK-based outdoor clothing and equipment retailer, in a management buy-back worth £85m.
Terra Firma to refinance Tank & Rast's €2.1bn debt
Terra Firma is currently considering a refinancing of motorway service operator Tank & Rast's €2.1bn debt load.
General Atlantic to sell Amedes for up to $1bn
General Atlantic has put German laboratory services provider Amedes up for sale, according to reports.
Blackstone and N+1 Mercapital sell Mivisa for €1.2bn
Blackstone and N+1 Mercapital have sold tinplate packaging manufacturer Mivisa to Crown Holdings in a €1.2bn transaction.
OEP's Constantia Flexibles confirms IPO
Austrian packaging manufacturer Constantia Flexibles, backed by One Equity Partners (OEP), has confirmed plans to float before year-end.
HgCapital exits Epyx, reaps 2.7x return
HgCapital has sold UK-based Epyx to NYSE-listed fuel payment processing company Fleetcor, making 2.7x its original investment and a gross IRR of around 27%.
Graphite makes 3.5x on Alexander Mann Solutions sale
Graphite Capital has sold Alexander Mann Solutions (AMS) for £260m to New York-based New Mountain Capital, reaping a 3.5x return on its initial investment.
Dinamia sells Nicolás Correa on secondary market
Listed private equity fund Dinamia, managed by N+1 Mercapital, has sold its stake in Nicolás Correa, a listed manufacturer of milling machines, through the sale of shares on the continuous market.
N+1 Mercapital avoids write-off with Hoteles Tecnológicos sale
N+1 Mercapital has sold Hoteles Tecnológicos in a partial exit from hotel group High Tech Hoteles & Resorts.
Just Retirement targets £1bn+ market cap
Permira-backed Just Retirement is hoping to achieve a market capitalisation of between £1-1.25bn after it began its investor road show yesterday.
VC-backed Criteo raises $250m in IPO
French advertisement targeting company Criteo, backed by several venture capital firms, has raised $250m in its IPO on Nasdaq.
Saga expected to raise £3bn in IPO
Saga, part of Acromas, backed by CVC, Charterhouse and Permira, has hired STJ Advisors in advance of an expected £3bn public offering.
LDC reaps 2.4x in JCC Lighting exit
LDC has sold lighting manufacturer JCC Lighting (JCC) to US electrical manufacturer Leviton, reaping a 2.4x money multiple.
Isis reaps 4.8x on sale of CableCom to Inflexion
Isis Equity Partners has sold CableCom Networking, a UK-based internet and digital media services provider, to Inflexion Private Equity, reaping a 4.8x return.
Cinven looking to offload Gondola
Cinven is appointing advisers to review its options for restaurant group Gondola Holdings, the parent company of PizzaExpress, Ask and Zizzi.
