Exits
Private equity backers sell further 10% Rexel stake for €500m
The backers of electrical equipment supplier Rexel have offloaded a further 10% stake in the company for €500m, following up on a previous partial exit in February.
Rutland picks up Equistone’s AFI-Uplift
Equistone Partners Europe has offloaded AFI-Uplift to Rutland Partners in a deal that combines three companies for a total enterprise value of around £85m.
HgCapital sells ATC to Intertrust for €303m
HgCapital has sold Dutch fiduciary services firm ATC to corporate services business Intertrust for €303m, reaping a 2.2x money multiple.
EQT's Springer Science to announce IPO plans
Springer Science, a German publishing business owned by EQT, could announce plans for an IPO within the next two weeks, according to reports.
JC Flowers sells half of CCM to Encore
JC Flowers has sold a 50.1% stake in Cabot Credit Management (CCM) to Encore Capital Group for £128m, just two weeks after acquiring the UK-based consumer debt manager from AnaCap Financial Partners.
CVC plans Matas listing
CVC Capital Partners is understood to be planning an IPO for Danish beauty retailer Matas on the Copenhagen stock exchange.
Bain and Axa PE duel for Maisons du Monde
Bain Capital and Axa Private Equity are the two remaining bidders for French furniture stores chain Maisons du Monde, according to reports.
UK consumer sector exits at record levels
The number of UK consumer goods assets divested by private equity firms is at its highest level in 10 years despite the continued desolation suffered by the consumer market.
VC-backed Just-Eat hints at future IPO
Online food delivery service Just-Eat, which is backed by a number of venture capital firms, has confirmed its plans to list on the stock market in the future.
TCR exits Laboratoires Chemineau in trade sale
TCR Capital has sold French pharmaceutical company Laboratoires Chemineau to Groupe Anjac, generating a multiple in excess of 3x and an IRR of more than 20%.
Beringea exits Fjord
Beringea has sold service design consultancy Fjord to management technology outsourcing and consulting service provider Accenture Interactive.
Graphite sells Dominion Gas to Praxair
Graphite Capital has sold Aberdeen-based oil field services company Dominion Gas to NYSE-listed Praxair.
Target Partners exits JouleX in $107m trade sale
Target Partners has sold its stake in IT energy management company JouleX Inc to US high-tech business Cisco.
TPG and VTB consider Lenta listing in London
TPG and VTB Capital are in talks with banks concerning a possible London listing of Russian supermarket chain Lenta.
Sun European halts sale of DBApparel
Sun European Partners has abandoned the attempted sale of DBApparel, the parent company of French underwear retailer Dim, due to a lack of sufficient offers for the business, according to French media.
Globalscope M&A network expands
Globalscope, a network of M&A practitioners, has admitted five new partner firms, bringing Poland and Greece into its reach.
Main Capital exits Iaso in trade sale
Main Capital Partners has exited Netherlands-based Iaso Backup Technology to US-based trade player GFI Software in a “double-digit-million-euro transaction”.
Prometheus in partial Pandora exit
Prometheus Invest ApS has agreed to sell 13 million shares in Pandora AS to institutional investors for DKK 2.6bn.
Diana sale could yield €1bn for Axa PE
Axa Private Equity is mulling a sale for French food ingredients business Diana Ingredients, according to reports.
Maven, Connection reap 1.8x on Atlantic Foods sale
Maven Capital Partners and Connection Capital have sold their stake in Atlantic Foods Group to Flagship Food Group LLC, a US trade buyer.
Nordic Capital and CVC sell Cloetta shares
Nordic Capital and CVC Capital Partners have partially exited Swedish confectionery company Cloetta AB.
CVC to list bpost shares in IPO
CVC Capital Partners plans on listing a minority portion of its shares in Belgian postal service bpost in the business's upcoming IPO on the NYSE Euronext in Brussels.
Sovereign chalks up 5.3x on WCL exit
Sovereign Capital has sold World Class Learning (WCL) to Nord Anglia Education, generating a 5.3x money multiple and 70% IRR.
Lundin exits Vostok Nafta to Luxor Capital
Lundin, via Lorito Holdings Ltd and Zebra Holdings and Investments Ltd, has exited Vostok Nafta Investment Ltd to Luxor Capital.