Exits
ECI eyes £150m sale of CarTrawler
ECI Partners is preparing its Dublin-based portfolio company CarTrawler for a possible auction that could value the business at £150m, according to reports.
Private equity firms circle Card Factory
UK greetings card retail chain Card Factory, backed by Charterhouse Capital Partners, has attracted interest from Advent International, KKR and Clayton Dubilier & Rice.
Kelso's Nicole Farhi goes under
High-end fashion company Nicole Farhi, backed by Kelso Place, has gone into administration.
Terra Firma’s Deutsche Annington holds off on IPO
German housing company Deutsche Annington Immobilien (DAI), which is backed by Terra Firma Capital Partners, has reportedly postponed its €1.1bn IPO on the Frankfurt Stock Exchange due to low investor demand.
Axa PE-backed Saur in debt-for-equity swap
Saur, a French water company backed by Axa Private Equity and sovereign wealth fund FSI, will be taken over by its lenders later this month.
Carlyle picks up Oaktree’s Chesapeake
Carlyle has acquired packaging company Chesapeake from Irving Place Capital and Oaktree Capital Management.
MAIP exits Red Bee Media to Ericsson
Macquarie Advanced Investment Partners (MAIP) has sold UK-based media company Red Bee Media to Swedish communications technology company Ericsson.
IK sells off Dynea divisions
IK Investment Partners’ portfolio company Dynea Chemicals has sold its Norwegian division Dynea to Eltek Holding.
Albion exits Opta for £40m, reaps 3x money
Albion Ventures has divested its stake in London-based Opta, a provider of sports data and analysis, to trade player Perform Group for £40m, reaping a 3x money multiple.
Nord Holding exits Goebel
Nord Holding has sold German paper manufacturing business Goebel Schneid-und Wickelsysteme (Goebel) to engineering group IMS Deltamatic.
Frog divests GB Group
Frog Capital has sold its stake in AIM-listed GB Group, a software company specialising in ID verification.
CVC-backed Matas in €630m IPO
Matas, a Danish beauty products retailer backed by CVC, has listed on the Copenhagen stock exchange.
Investinor exits PingCom
Investinor has sold Ping Communications (PingCom), a Norwegian broadband internet access devices and software provider, back to the company's founder.
VC-backed Prosensa raises $78m in IPO
Dutch biotechnology company Prosensa Holding, which is backed by a consortium of venture capital firms, has listed on the Nasdaq Global Select Market in an IPO valuing the business at $408m.
Miura sells Noa Visual to Porterhouse
Barcelona-based Miura Private Equity has sold Noa Visual Group to Swiss investment firm Porterhouse Capital.
Auriga reaps 33x multiple on Neolane exit
Auriga Partners has realised a substantial 33x money multiple on its exit from Paris-based Neolane to Adobe for $600m.
Bridgepoint offloads Permaswage for $600m
Bridgepoint has sold aerospace component business Permaswage to Precision Castparts Corp (PCC) for $600m.
Langholm nearing exit from Tyrrells
Langholm Capital, private equity owner of UK-based Tyrrells, is one step closer to selling the crisp maker for £100m as first round bids come to a close.
Abraaj Group acquires Fan Milk from Maj Invest
Abraaj Group has agreed to acquire Fan Milk International from the Emborg family, Maj Invest Equity and the management.
Charterhouse considers Elior IPO
Charterhouse is considering the flotation of French catering business Elior, due to a lack of bids for the company reaching the firm’s €4bn asking price, according to the Financial Times.
Triton acquires Logstor from Montagu
Triton has agreed to acquire Danish pipe systems supplier Logstor from Montagu Private Equity and other shareholders.
Nordic Capital exits EG, reaps 4x money
Nordic Capital has agreed to sell Danish IT software and services provider EG to Axcel for €160-170m, reaping a 4x money multiple and a 30% IRR.
Eurazeo buys Péters Surgical from UI Gestion
Eurazeo PME has acquired French medical devices manufacturer Péters Surgical from UI Gestion in a transaction that values the firm at €45m.
Caird’s TM Lewin in potential £100m sale
TM Lewin, a London-based shirt maker backed by Caird Capital, could go up for sale with a £100m price tag, according to reports.