Exits
3i reaps 2.3x on Xellia exit
3i has agreed to sell Xellia Pharmaceuticals AS, a Norwegian speciality pharmaceutical group, to Novo AS for £460m.
Infinity partially exits Positive Cashflow Finance
Infinity Asset Management has partially exited its 2007 investment in invoice finance provider Positive Cashflow Finance through a funding line from RBS Invoice Finance (RBSIF) and NatWest.
Cross Equity Partners divests Schwab
Swiss GP Cross Equity Partners has sold its majority stake in shock absorption systems firm Schwab Verkehrstechnik AG to Parisian rail systems company Faveley.
HgCapital holds back on Schleich sale
HgCapital has postponed the sale of Schleich, a German maker of figurines and Smurf toys.
Sun-backed Atmosphere goes into administration
Atmosphere Bars and Clubs, a UK-based portfolio company of Sun European Partners, has gone into administration.
GMT and Veronis buy IT-Ernity from Nedvest
GMT Communications Partners and Veronis Suhler Stevenson have bought a majority stake in IT-Ernity from Nedvest Capital.
AnaCap sells Cabot to JC Flowers
AnaCap Financial Partners has sold Cabot Credit Management (CCM) to JC Flowers in a secondary buyout worth a reported £800m.
3i sells HTC Sweden to Polaris Private Equity
3i has sold its 36.5% stake in flooring solutions manufacturer HTC Sweden to Polaris Private Equity.
PAI partners sells FTE Automotive to Bain, reaps 3.3x overall return for fund III
PAI partners has agreed to sell its 90% stake in German hydraulic clutch and brakes provider FTE Automotive to Bain Capital in a secondary buyout.
LDC sells Eve Trakway to Ashtead
LDC has sold temporary traffic systems and management supplier Eve Trakway to rental equipment provider Ashtead Group plc for £28m, a 2.5x multiple on the firm’s original investment.
Oakley Capital sells Headland for £15.5m
Oakley Capital Investments has sold news services provider Headland Media Ltd to KVH Industries in a deal that gives the firm an enterprise value of £15.5m.
Cinven's Partnership Assurance to float on LSE
Partnership Assurance Group (PAG), a financial advisory company owned by Cinven, has announced plans to float in London in June, in an IPO that could reportedly value the business at up to £1bn.
Verdane Capital exits KSD to Descartes
Direct secondaries specialist Verdane Capital has sold KSD Software Norway AS to The Descartes Systems Group for NOK 190m.
Darby exits Sirma to Danone
Darby Private Equity is set to sell its holding in Sirma, a Turkish bottled water and beverages manufacturer.
3i sells Civica to Omers Private Equity
3i has sold specialist IT systems and services firm Civica to Omers Private Equity for an enterprise value of £390m.
Nordic Capital and Cidron mull partial Cloetta exit
Nordic Capital and Cidron are considering selling part of their stake in Swedish confectionery company Cloetta, according to reports.
Bridgepoint buys Flexitallic Group from Eurazeo
Bridgepoint has acquired Paris-based sealing solutions business The Flexitallic Group from Eurazeo PME for €450m.
H2 makes 6x on Sator sale
H2 Equity Partners has reaped a 6x multiple on the trade sale of Dutch portfolio company Sator Holding to LKQ for £176m.
PE-backed Kion Group to list
German forklift manufacturer Kion Group, backed by KKR and Goldman Sachs Capital Partners, is considering an initial public offering, according to reports.
Permira sells more Hugo Boss shares
Permira is to sell seven million shares, or a 10% stake, in German high-end fashion house Hugo Boss, according to reports.
Bancroft Private Equity sells €107m Starman to East Capital Explorer
Bancroft Private Equity has sold its majority stake in Estonian cable TV provider Starman to investment company East Capital Explorer.
Electra to reap 15x on Allflex
BC Partners has made a binding offer of $1.3bn to Electra Partners for its French animal tags business Allflex, following an intense auction process that attracted bids from a dozen private equity firms.
Charterhouse buys Armacell for €500m
Charterhouse has agreed to acquire German insulation company Armacell from Investcorp in a €500m secondary buyout.
Springer Science sale back on
Germany could be home to another mega-buyout this year following news that EQT is in renewed talks with private equity investors over a potential sale of German publishing business Springer Science.