Exits
Terra Firma sells Phoenix to Hastings
Terra Firma has wholly divested Phoenix Natural Gas, a Northern Irish natural gas distribution and energy services company, to infrastructure fund manager Hastings.
Axa Private Equity exits Arkadin
NTT Communications Corporation (NTT Com) has agreed to acquire a stake of up to 91.2% in Axa Private Equity-backed collaboration service provider Arkadin International.
Equita sells Karl Eugen Fischer to Equistone
Equita has sold its majority stake in Karl Eugen Fischer (KEF), a German provider of cutting systems for tyres, to fellow private equity house Equistone Partners Europe.
Little Chef sold to Kuwait-based KFG
Roadside restaurant chain Little Chef has been sold by turnaround investment firm Rcapital to Kuwait-based Kout Food Group (KFG).
Investcorp buys snack manufacturer Tyrrells for £100m
Investcorp has acquired Tyrrells Potato Crisps, a UK-based manufacturer of crisps and snacks, from Langholm Capital for £100m.
BaltCap offloads Medicap to synlab
Baltic-focused private equity firm BaltCap has sold Medicap Holding to European laboratory services provider synlab.
Equistone indulges with Charles & Alice
Equistone Partners Europe has invested in French fruit dessert maker Charles & Alice Group, alongside existing investor CM-CIC Capital Finance.
Mandarin Capital sells Gasket
Mandarin Capital Partners (MCP) has sold its shareholding in Italian valves components producer Gasket International to Hutchinson, a French thermoplastics firm.
Acromas results spur further split speculation
Acromas, comprising AA and Saga and backed by CVC, Charterhouse and Permira, has reported a 4.9% uplift in EBITDA, reawakening speculation over how its financial backers will exit the business.
ECI reaps 4.5x on Bargain Booze IPO
ECI Partners has reaped a 4.5x money multiple on its full exit from Bargain Booze, which listed on the AIM this morning under its holding company, Conviviality Retail.
Waterland sells SLG to Medica
Waterland Private Equity Investments has wholly divested its Belgian portfolio company Senior Living Group (SLG) to Medica, a France-based dependency care provider.
Abraaj divests Acibadem Insurance
The Abraaj Group has sold its 50% stake in Turkish health insurance firm Acibadem Sağlık ve Hayat Sigorta (Acibadem Insurance) to Khazanah Nasional Berhad, the Malaysian government’s strategic investment fund.
MML Capital exits Clyde Bergemann
MML Capital Partners (MML) has sold its minority stake in Clyde Bergemann, a global provider of energy services.
Pamplona set to buy OGF from Astorg
Pamplona Capital Management is set to acquire French funeral services provider OGF from Astorg Partners, a deal reportedly valued at around €900m.
Ambienta sells Tower Light
Italian environmental investor Ambienta has sold lighting tower producer Tower Light to listed US-based generator manufacturer Generac.
Perusa exits Kammann Maschinenbau in trade sale
Perusa has sold its 85% stake in printing services supplier Kammann Maschinenbau to corporation Koenig & Bauer.
Finance Yorkshire exits S3 ID
Finance Yorkshire, via its Finance Yorkshire Equity Fund, has divested its 25% stake in UK-based S3 ID to CSE Global, reaping a 2.2x money multiple in a trade sale that values the company at £10m.
Aheim makes second exit in one month
Aheim Capital has sold its portfolio company Ecronova Polymer, reaping a 40% IRR and a 2.5x return on its original investment.
Aheim achieves 2.4x on Aqua Vital exit
Aheim Capital has sold water cooler provider Aqua Vital Quell-und Mineralwasser to fellow German private equity firm Halder, reaping a 2.4x gross money multiple.
ECI Partners’ Bargain Booze in IPO
ECI Partners reaped a 4.5x money multiple on its full exit from discount alcohol franchise Bargain Booze, which listed on the London Stock Exchange AIM in an IPO giving the company a market capitalisation of £66.7m.
Exit focus: Encore finds generalist success in a specialist market
With limited expertise in the software-as-a-service (SaaS) sector, Encore Capital’s exit of digital marketing company Pure360 is a shining example of how the asset class really can drive operational improvement. Alice Murray speaks to the partners to...
PE-backed Grohe circled by trade players
Plumbing fixtures manufacturer Grohe, which is owned by Texas Pacific Group Capital (TPG) and CSFB Private Equity, has attracted bids from a number of international trade players in an auction that could see the company fetch up to €4bn, according to...
Corpfin Capital makes 2.5x on Duplex sale
Corpfin Capital, the Spanish GP managed by Ascri president Carlos Lavilla, has completed the divestment of lift maintenance firm Duplex Elevación, reaping 2.5x money.
Industries et Finances buys Gesop from BNP Paribas
Industries et Finances Partenaires has wholly acquired French firebreak solutions firm Gesop from BNP Paribas Développement in a management buyout.