Exits
Ista sale to kickstart German large-cap activity
Charterhouse and CVC Capital Partners are expected to launch exit proceedings for German energy-metering firm Ista, amid speculation that German deal values could surge in the coming year.
Oaktree's Countrywide to launch £200m IPO
UK-based real estate agency Countrywide, a portfolio company of Oaktree Capital Management, confirmed it will list on the London Stock Exchange.
CVC, BC Partners to team up for Elior bid
UK-based private equity houses CVC Capital Partners and BC Partners are reportedly planning a €3.5bn bid for French catering company Elior.
Apollo's Taminco considers IPO in US
Apollo Global Management portfolio company Taminco Global Chemical, a Belgian chemical business, is understood to be considering a US flotation.
Activa Capital sells Logitrade to Soridec et al.
French mid-cap GP Activa Capital has sold outsourcing business Logitrade to regional growth capital specialists Soridec, Sofilaro, Sofipac, Multicroissance and Sopromec.
Osprey Capital makes 12x money on Allium sale
Osprey Capital has completed its first divestment, reaping an 11.9x multiple on the sale of British advisory firm Allium Capital.
Sovereign’s World Class Learning to fetch >£150m
Buy-and-build specialist Sovereign Capital is a step closer to realising its 2008 investment in World Class Learning (WCL), a British exporter of educational services.
Investcorp acquires Hydrasun from Equistone
Investcorp has bought Aberdeen-based oil and gas services business Hydrasun Ltd in a secondary buyout from Equistone Partners Europe.
CapMan sells remaining shares in MQ
CapMan has sold its entire 28% stake in listed Swedish fashion retail chain MQ for SEK 16 per share, according to reports.
Permira and KKR sell €485m ProSiebenSat.1 stake
Permira and KKR have sold shares in jointly-owned German media giant ProSiebenSat.1 on the Frankfurt stock exchange for €485m.
Moscow Exchange IPO sets market cap at $4.2bn
Private equity-backed Moscow Exchange (MICEX) has set its IPO offer price at RUB 126.9bn ($4.2bn).
Private equity backers sell Rexel stake for €640m
Private equity backers including Clayton Dubilier & Rice and Eurazeo have sold a 14.7% stake in French listed electrical distributor Rexel for €640m.
Mercapital sells Lasem Group to management
Spanish GP Mercapital has sold its 41% stake in Catalan company Grupo Lasem, which operates in the baking and confectionery industry, according to reports.
CBPE sells Rosemont Pharmaceuticals to Perrigo
CBPE Capital has sold Leeds-based pharma company Rosemont Pharmaceuticals to US trade buyer Perrigo Company.
Palatine acquires Inspired Gaming unit
Palatine Private Equity has acquired the amusement and gaming division of British server-based gaming provider Inspired Gaming.
TIIN's ReadSpeaker completes management buy-back
TIIN Capital has sold its stake in Dutch software-as-a-service company ReadSpeaker back to the firm's management.
Lion Capital buys GHD from Montagu
Lion Capital has acquired UK-based professional hair styling brand GHD from Montagu Private Equity for an estimated £300m.
EQT exits BTX Group to Sun European Partners
EQT has agreed to sell Danish apparel company BTX Group to Sun European Partners.
Cobepa buys Socotec from Qualium
Investment holding Cobepa has acquired a majority stake in French management consulting firm Socotec from Qualium Investissement, alongside private equity investor Five Arrows and management.
Finding a way to exit the boom year deals
Many of the headline-hitting buyouts of the boom era are still sitting in private equity portfolios. Charles Magnay, partner at Altius Associates, looks at how GPs have adapted to exit large companies in the post-Lehman world.
Exit market hits €15bn in December
Almost €15bn worth of capital was realised by private equity portfolio sales in December 2012, the highest amount in the past year, according to figures from unquote” data.
August sells 4Projects to TA-backed Coaxis
August has sold building software company 4Projects to US-based Viewpoint in a deal worth between £25-50m.
SBOs subside in 2012
Following a record 2011, the volume of “pass-the-parcel” deals abated slightly last year – but primary transactions still have a long way to go before returning to their pre-crisis glory.
Apax and LBO France to sell Maisons du Monde
Apax France- and LBO France-owned furniture stores chain Maisons du Monde is up for sale in a process run by investment banks Lazard and Messier Maris, according to reports.