Exits
Trade buyers buoy mega-exit market
While large buyouts have been a rare creature in private equity since the eurozone crisis exploded last year, the mega-exit is making a strong return to the fold, according to research by unquote” data.
HgCapital sells wind portfolio to Munich Re
HgCapital has sold its operating UK onshore wind portfolio to MEAG, the asset management arm of insurance group Munich Re.
Accel-backed 99designs buys 12designer from Grupo Intercom
Online graphic design market-place 99designs, backed by Accel Partners, has bought Berlin-based creative market-place 12designer, owned by Spanish venture capital firm Grupo Intercom.
Fr2 Capital exits Vilebrequin to G-III Apparel
Fr2 Capital has exited Switzerland-based swimwear designer Vilebrequin to listed American trade player G-III Apparel Group.
Rutland earns 1.5x on Pulse Home exit
Rutland Partners has sold branded goods provider Pulse Home Products to Jarden Corporation, a consumer goods producer.
PE-backed Télédiffusion sells Finnish subsidiary
Télédiffusion de France (TDF), a French operator of broadcast towers backed by a private equity consortium, has sold its Finnish operation Digita Oy to First State Investments, the overseas investment unit of the Commonwealth Bank of Australia.
Kelso Place sells Anya Hindmarch stake to Middle East investor
A private Qatari investor group has bought a minority stake in luxury handbag company Anya Hindmarch, allowing Kelso Place Asset Management to exit the business.
BC Partners buys Aenova from Bridgepoint
BC Partners has acquired German pharmaceutical manufacturer Aenova Group from Bridgepoint in a transaction understood to be valued at slightly less than €500m.
21 Centrale buys Cleor off Azulis
21 Centrale Partners has taken a majority stake in the management buyout of French jewellery retailer Cleor.
3i sells Esmalglass to Investcorp
3i has sold ceramic and enamel producer Esmalglass-Itaca to Investcorp in a deal understood to be worth around €200m.
Endless exits Phoenix Foods to Specialty Powders
Turnaround specialist Endless has sold Phoenix Foods to trade player Specialty Powders in an all-cash transaction.
AXA PE acquires frostkrone from Argantis
AXA Private Equity has acquired German frozen finger food producer frostkrone and its subsidiary Bornholter in an SBO from Argantis Private Equity.
Patience pays off on Ziggo IPO
The unusual IPO story of Ziggo has presented yet another boost to its private equity backers as overwhelming investor demand accelerated yesterday’s share offering from a planned 18 million to 29 million ordinary shares - trading at a premium of 34%....
Foresight rocks out with £3.5m Blackstar investment
Foresight Group has injected ТЃ3.5m into UK-based guitar amplifiers manufacturer Blackstar.
Equistone takes majority stake in Vivonio
Equistone Partners Europe has taken a 67% stake in German furniture maker Vivonio Furniture Group, a newco formed by combining Orlando Management-backed MAJA, Staud and SCIAE.
N+1 makes 3.5x on ZIV sale
N+1 Private Equity has sold its 75% stake in Spanish digital equipment and services provider ZIV Aplicaciones y Tecnología to trade player Crompton Greaves for €150m.
Equistone sells Kermel to Qualium
Qualium Investissement has acquired a majority stake in French fibre manufacturer Kermel from Equistone Partners Europe, which is understood to have reaped a 2.2x money multiple on the sale.
AXA PE acquires Fives from Charterhouse
AXA Private Equity has backed the management buyout of industrial engineering firm Fives Group in a deal that values the company at around €850m.
Siparex takes 25% stake in Vulcain
Siparex has acquired a minority stake in the owner buyout of French building fixtures manufacturer Vulcain.
IK buys Actic from FSN Capital
IK Investment Partners has acquired Swedish health and fitness business Actic from FSN Capital.
Index et al. partially exit Funxional Therapeutics
Index Ventures, Novo A/S and Ventech have partially exited their investment in Funxional Therapeutics, following the companyтs sale of its rights to lead anti-inflammatory drug FX 125L to German pharmaceuticals company Boehringer Ingelheim.
Espiga sells Invesa to Animedica
Espiga Capital Gestión has sold Industrial Veterinaria (Invesa), a Spanish pharmaceutical products manufacturer for the veterinary industry, to German firm Animedica Group.
Mercapital makes €100m on Gasmedi sale
Mercapital has sold Spanish respiratory home therapies firm Gasmedi to French gas company Air Liquide for €330m.
Sun-backed Neckermann files for insolvency
Sun European Partners' German mail-order portfolio company Neckermann has filed for insolvency following unsuccessful talks with the PE firm.