Exits
HitecVision sells Spring Energy Norway to Tullow Oil
HitecVision has sold its 87.6% stake in Spring Energy Norway to London-based exploration company Tullow Oil for approximately $326m.
Mobeus quadruples dough on garlic
The sale of Brookerpaks Ltd back to its management after a 10-year courtship sees Mobeus generate a 26% IRR.
Quadriga to buy LR Health and Beauty Systems from Apax
Quadriga is the final bidder for German beauty products retailer LR Health and Beauty Systems (LR International), currently owned by Apax Partners, according to reports.
Verdane exits TeamTec to IMS
Verdane Capital has reaped a 4x multiple on the sale of its entire stake in Norwegian shipping company TeamTec Invest to local steel manufacturer Industri & Montasjeservice AS (IMS).
CVC and Charterhouse mull Ista exit
CVC and Charterhouse have hired Deutsche Bank and Goldman Sachs to advise on the sale of German utilities metering firm Ista, according to reports.
Albion exits Picturehouse investments in sale to Cineworld
Albion Ventures has exited its investments in six UK-based Picturehouse cinemas as part of the sale of City Screen to Cineworld.
Blackstone and PAI sell United Biscuits' KP Snacks
Intersnack has acquired KP Snacks from The Blackstone Group and PAI partners portfolio company United Biscuits, in a deal reportedly worth around ТЃ500m.
Horizon Capital exits Fidem Life to Aegon
Horizon Capital has sold its entire stake in Ukranian life insurance company Fidem Life to Dutch asset management company Aegon.
Blackstone buys Intertrust for €675m
The Blackstone Group has acquired Dutch tax consultancy Intertrust from Waterland Private Equity for a reported €675m.
EQT exits Gambro to Baxter
EQT and Investor AB have sold the remaining division of Swedish healthcare business Gambro Group to trade player Baxter International for SEK 26.5bn.
MML Capital exits MineTech
MML Capital Partners has sold its 40% stake in UK-based landmine clearance company MineTech to German trade buyer Dynasafe Area Clearance Group, which is backed by Perusa Partners.
LBO France buys Alvest off AXA PE and Equistone
LBO France has acquired French industrial group Alvest from AXA Private Equity and Equistone.
Reiten exits Basefarm to ABRY
Nordic private equity firm Reiten & Co has sold Norwegian IT company Basefarm to US-based ABRY Partners.
ICG backs MBO of ATPI from Equistone
The management team of UK-based travel management business ATPI has bought the company from Equistone with support from ICG.
Odewald & Compagnie sells mateco stake to TVH
Odewald & Compagnie (O&C) has sold its stake in German aerial platform provider mateco Gruppe to Belgian trade buyer TVH.
Software and retail lead 2012 exit league
General retailers and software & computer services lead the exit rankings for 2012.
Montagu and GIP exit Biffa via debt-for-equity swap
Montagu Private Equity and Global Infrastructure Partners (GIP) have exited UK waste services company Biffa via a debt-for-equity swap with the company's senior lenders.
Dunedin reaps 3x money multiple on etc venues exit
Dunedin Capital Partners has exited UK-based conference and training venues business etc venues in an SBO to Growth Capital Partners (GCP), reaping a 3x money multiple on its original investment.
Gimv and Iris Capital sell stake in Human Inference
Gimv and Iris Capital have sold their share of Dutch data management solutions provider Human Inference to French trade buyer Neopost.
Alto makes 2x on Monviso SBO
PM & Partners Private Equity has acquired Italian food producer Monviso from Alto Partners.
NTC Holdings further reduces stake in TDC
The holding jointly owned by Apax, Blackstone, KKR, Permira and Providence has sold 80 million shares in Danish telecommunications company TDC.
Silver Lake buys friedola Tech stake from WHEB
Silver Lake Partners has taken over WHEB Partners' majority stake in German recycled plastics processor friedola Tech, through its energy investment initiative Silver Lake Kraftwerk.
Gimv sells Mentum to InfoVista
Gimv has sold its stake in French software provider Mentum to network solutions company InfoVista after a 10-year holding period.
DBAG acquires Heytex Bramsche from NORD Holding
Deutsche Beteiligungs AG (DBAG) has acquired Heytex Bramsche, a German manufacturer of print media and technical textiles, in an SBO from NORD Holding.