Exits
VC-backed Shazam to pursue IPO
Shazam, a London-based mobile music recognition app developer, is to pursue an initial public offering.
Herkules Capital exits Gothia to arvato AG
Herkules Capital has agreed to sell Gothia Financial Group AS to arvato AG, a global business process outsourcing (BPO) provider owned by Bertelsmann.
PAI scoops up R&R Ice Creams
French large-cap specialist PAI partners has struck a deal to buy British ice cream manufacturer R&R Ice Cream from Oaktree Capital for €850m.
Fortis PE and Next Invest sell Arets to Toyo Ink for €10m
Fortis Private Equity and asset manager Next Invest have sold their joint 100% stake in Belgian ink manufacturer Arets International to Japanese ink company Toyo Ink Group for €10m.
Cinven and Warburg Pincus in final exit from Ziggo
Cinven and Warburg Pincus have reaped €3.4bn on their full exit from Ziggo, the Dutch cable operator that the firms took public on NYSE Euronext in Amsterdam last year.
Intel buys Aepona from Amadeus et al.
Aepona, a cloud-based telecom network solutions company backed by several venture investors, has been sold to Intel.
VC-backed GetYourGuide acquires Gidsy
GetYourGuide, a portfolio company of Profounders Capital, Spark Capital and Highland Capital Partners Europe, has acquired Berlin-based Gidsy, a peer-to-peer platform backed by Sunstone Capital, Index Ventures and private investors.
Inveready enjoys 50% IRR on 3Scale partial exit
Spanish investor Inveready has partially exited 3Scale, a technology solutions provider, following a $4.2m capital injection into the firm from US investors.
H2 Equity Partners sells Sator to LKQ
H2 Equity Partners has sold Dutch portfolio company Sator Holding to UK-based auto parts distributor Euro Car Parts for £176m.
Eurazeo cashes in on early Danone exit
French listed private equity player Eurazeo will part ways with dairy products giant Danone as €700m's worth of exchangeable Danone bonds, issued in 2009, are set to be converted to equity.
CVC's Evonik begins listing process in Frankfurt and Luxembourg
CVC-backed Evonik Industries has begun its much anticipated listing process by issuing its 466 million shares simultaneously in Frankfurt and Luxembourg.
ICG buys Euro Cater from Altor
Intermediate Capital Group (ICG) has bought Danish food service company Euro Cater in a secondary buyout from Altor Equity Partners and inco Amba.
Beringea exits Tossed
Beringea has sold UK-based restaurant group Tossed to the business's management and Gemini Restaurants Ltd.
Phoenix sells Letts Filofax
Phoenix Equity Partners has sold stationery products firm Letts Filofax to HSGP Investments, a holding company set up by the firm’s CEO Gordon Presly and Canadian stationery entrepreneur Harolde Savoy.
PE-backed Intelsat misses IPO target
Luxembourg-based satellite operator Intelsat SA, which is backed by BC Partners and Silver Lake Partners, fell more than $100m short of its target at yesterday’s close on the NYSE.
European Capital makes 1.8x on Scaff'holding exit
European Capital has sold its stake in France-based Scaff'holding for €7.2m, realising a 1.8x money multiple on its investment, representing an IRR of circa 13%.
CVC buys Ista back from Charterhouse
CVC Capital Partners has bought back German metering business Ista, in which it has held a stake since 2003, from Charterhouse Capital Partners for €3.1bn.
Apollo’s Taminco in disappointing stock exchange debut
Shares in Taminco, the Belgian chemical business backed by Apollo, dropped by around 8% to $14.05 yesterday, shortly after the firm listed on the New York Stock Exchange.
Eurazeo portfolio company sells Molinel
Eurazeo has sold its portfolio company Molinel, a specialist in workwear clothing, to workwear retailer Alisco.
Charterhouse could pull Ista and Elior sales
Charterhouse could put the sale processes of German energy-metering firm Ista and French catering company Elior on hold in the face of lacklustre bids, according to reports.
Priveq and Investor divest Vårdapoteket
Priveq Investment and Investor Growth Capital have agreed to sell their holdings in pharmacies operator Vårdapoteket to Apotek Hjärtat.
Advent, Bain in £340m WorldPay dividend recap
WorldPay, a card payment services provider acquired by Advent International and Bain Capital in 2010, has secured a £700m refinancing including a dividend recap for the private equity owners, according to reports.
Enterprise reaps 10x on Magellan
CEE investor Enterprise Investors makes 10x on share sale of Magellan, 10 years after backing the business. The returns come just a week after the GP made 9x on Kruk.
XAnge divests RunMyProcess stake in trade sale
XAnge Private Equity has sold its stake in French cloud computing solutions developer RunMyProcess (RMP) to Japanese trade player Fujitsu.