Exits
Cinven backs Host Europe
Cinven has agreed to acquire internet domain and hosting company Host Europe Group from Montagu Private Equity for £438m.
Private equity on the road to recovery
Following a month of stellar exits, an uptick in buyouts and a record number of fundraisings, there is reason to believe private equity markets are turning a corner. Kimberly Romaine reports.
NBGI achieves 4x return on Ochre House exit
NBGI Private Equity has sold Ochre House to Pinstripe, a US-based business backed by Accel and KKR, reaping a 4x return on its original investment.
Battery Ventures buys IHS from Kings Park Capital
Kings Park Capital has exited German marketing company IHS to a newco backed by Battery Ventures, reaping a 3.8x gross money multiple.
Electra reinvests in Allflex as sale completes
Following the completion of the sale to BC Partners, Electra Private Equity has reinvested £57m in animal tags manufacturer Allflex in exchange for a 15% stake.
Elior sale back on track, Axa PE in lead
Axa Private Equity and Caisse de Dépôt et Placement du Québec (CDPQ) have made a revised joint bid for Charterhouse's French catering business Elior, according to reports in the local press.
Omnes backs Eratome SBO
Omnes Capital has made a €15m capital injection into French refurbishment and construction firm Eratome, buying the asset from CM-CIC Capital Privé.
"Pass-the-parcel" deals creep up in H1
Secondary buyouts have accounted for 45% of the overall number of buyouts in the first half of 2013, the highest proportion witnessed since the onset of the financial crisis, according to unquote" data.
Portobello Capital sells Cie to BlackRock
Spanish private equity firm Portobello Capital has sold its remaining stake in listed car parts manufacturer Cie Automotive Group to BlackRock.
Cinven to relinquish control of Frans Bonhomme
Frans Bonhomme, a French plastic pipes specialist owned by Cinven, is reportedly about to be taken over by its creditors.
Matas to unlock the Nordic IPO market?
The recent IPO of Matas, with a market cap of €630m, is the first new listing on the Copenhagen stock exchange in two years. Could this listing be the key to unlocking the hushed Nordic IPO market? Karin Wasteson investigates
Newion exits Mirror42
Newion Investments has divested Amsterdam-based Mirror42, a provider of cloud-based IT intelligence platform solutions, to trade player ServiceNow.
Sentica exits 9lives
Sentica Partners has sold Helsinki-based ambulance and emergency care services company 9lives back to the company’s management.
BDC's Mezzo di Pasta enters safeguard procedure
Mezzo di Pasta, a French portfolio company of Bridgepoint Development Capital, has gone into "redressement judiciaire", a court-overseen safeguard procedure akin to the UK's receivership.
Terra Firma's Deutsche Annington reattempts IPO
PE-owned German residental real estate company Deutsche Annington Immobilien has renewed its IPO plans.
SüdKB sells MSC-Gruppe to Avnet
Süd-Kapitalbeteiligungs-Gesellschaft (SüdKB) has sold its holding in MSC Investment to Avnet.
Clave Mayor divests Gadea
Spanish venture capital investor Clave Mayor has divested its 9.73% stake in pharmaceuticals company Gadea Grupo Farmacéutico.
Encore Capital exits Pure360, reaping 4x and 47% IRR
Encore Capital has sold digital marketing software company Pure360 for £10m, reaping a 4x return on the original investment and an IRR of 47%.
Rabo Capital looks to sell DORC
The private equity division of Rabobank, Rabo Capital, is planning to sell portfolio company Dutch Ophthalmic Research Centre (DORC).
MPVenture sells Sempla to GFT Technologies
MPVenture has divested its 80% stake in IT consultancy company Sempla to GFT Technologies, reaping a money multiple in excess of 2x.
CPE's Orège raises €20.1m in IPO
Orège, the French sludge treatment company backed by Climate Change Capital Private Equity (CPE) and Oraxys, has raised €20.1m in a flotation of 6.2 million new shares on the NYSE Euronext Paris, valuing the company at €57.7m.
ECI sells CliniSys to Montagu, reaps 2.5x return
ECI Partners has sold CliniSys, a provider of IT systems to the healthcare sector, to Montagu Private Equity, reaping a 2.5x money multiple on its investment.
IK mulling sale of Axtone
IK Investment Partners is reportedly planning to exit Axtone, a Polish rail freight buffer manufacturer.
Dwell bought back by founder
Dwell, a UK-based furniture chain backed by Key Capital Partners that went into administration at the end of June, has been bought back by founder Aamir Ahmad.