Exits
EQT's Springer Science still in dual-track process
BC Partners is reportedly left as the sole bidder for EQT portfolio company Springer Science, which announced IPO plans last week.
Northzone et al. exit Energy Micro to Silicon Labs for $170m
Northzone and Investinor have exited Norwegian company Energy Micro AS to Nasdaq-listed Silicon Labs for $170m, reaping a 2.5x multiple on their original investments.
Mobeus reaps 2x on BIH exit
Mobeus Equity Partners has divested the main operating facility of British International Helicopter Services (BIH) to trade player Patriot Aerospace Group, realising a 2x return.
Clave Mayor to divest Gadea
Spanish venture capital investor Clave Mayor is to divest its 10% stake in pharmaceuticals developer Gadea.
Deutsche Annington to list ahead of Terra Firma fundraise
Deutsche Annington, the German real estate group backed by Terra Firma, has confirmed it will list on the Frankfurt Stock Exchange this year.
NVM achieves 3.3x on IG exit
NVM Private Equity has sold IG Doors to the Hörmann Group, generating an IRR of 17.3% and a 3.3x money multiple.
Cinven’s Avio Spazio attracts trade buyers
Preliminary offers for Avio Spazio, owned by Cinven and Italian defence group Finmeccanica, are expected by the end of June according to reports in the local press.
Agilitas buys ISS division in maiden investment
Mid-cap GP Agilitas Partners has backed the management buyout of ISS Damage Control from EQT-backed ISS Group.
AA and Saga looking to refinance, then split
The AA group and Saga, backed by CVC, Charterhouse and Permira, are to issue a long-term bond to refinance £4bn of bank debt, which could lead to a break-up.
Dunedin backs £43m Trustmarque secondary buyout
Mid-market GP Dunedin has backed the £43m management buyout of Trustmarque Solutions, a technology services and solutions provider, from LDC.
Doughty divests Vue to Omers and Alberta for £935m
Doughty Hanson has sold cinema group Vue Entertainment to Omers Private Equity and Alberta Investment Management Corporation (AIMCo) for an enterprise value of £935m.
CVC to sell 32.5% stake in bpost IPO
CVC Capital Partners plans to sell a stake of up to 32.5% in the IPO of bpost at a price of €14.5 per share.
BC brings in the banks for Foxtons float
BC Partners has hired Credit Suisse, Numis Securities and Canaccord Genuity to handle the flotation of London estate agency Foxtons.
Cinven to reap 7x from Partnership IPO
Cinven-backed Partnership Assurance Group (PAG) has listed on the London Stock Exchange, in an IPO valuing the business at £1.54bn.
Vermeer Capital buys RLD from Sagard
Vermeer Capital has acquired a majority stake in RLD, a French business specialising in the rental and laundering of workwear, from fellow GP Sagard.
Montagu sells Hansen Protection to IK
Montagu Private Equity has agreed to sell Norwegian protective clothing company Hansen Protection to IK Investment Partners.
EQT's Springer Science aiming to raise €760m in IPO
Springer Science, a German publishing business owned by EQT, has confirmed plans to list on the Frankfurt Stock Exchange before the summer break.
CVC’s bpost shares to sell for €12.5-15
Shares in bpost, the Belgian postal service backed by CVC, will sell for €12.5-15 in the business's upcoming IPO, according to reports.
VC-backed Cardio3 announces IPO plans
Belgian biopharmaceutical company Cardio3 Biosciences, which is backed by a consortium of venture capital firms, has announced that it is considering listing new shares in an IPO.
Aksìa sells Plastiape for €71m
Italian GP Aksìa Group has fully exited packaging solutions firm Plastiape Group, selling the company to PM & Partners for an enterprise value of €71m (around 7x EBITDA).
Lion cleared to sell Ad van Geloven stake to Avedon
Lion Capital has received clearance from the European Commission to sell a stake in Dutch frozen snack company Ad van Geloven to Avedon Capital Partners.
Magnum Capital buys Iberchem
Spanish GP Magnum Capital has acquired a majority stake in Iberchem, a Spanish fragrances producer, from Capital Alianza.
Riverside sells Oni to Altice
The Riverside Company has sold its 60.9% stake in Portuguese telecommunications company Oni Telecom to investment company Altice.
CapMan completes Cardinal Foods exit
CapMan has completed the sale of Cardinal Foods to CapVest and a company formed by Swedish agricultural cooperative Lantmännen Group.