Exits
Mid Europa Partners getting ready to exit Orange Austria
Mid Europa Partners is reported to be looking to sell its 65% stake in Orange Austria to France Telecom, which already holds 35% of the mobile phone service provider.
CapMan's Cardinal Foods sells Norsk Kylling
CapManтs portfolio company Cardinal Foods has sold its subsidiary Norsk Kylling to REMA Industrier.
EQT looking to float Kabel BW
EQT is thought to be planning a flotation of cable provider Kabel BW on the Frankfurt stock exchange.
Gimv sells Scana Noliko to PinguinLutosa for €155m
Gimv has fully exited Belgian canned food producer Scana Noliko in a €155m trade sale to listed company PinguinLutosa.
Quantifying alpha
Alpha does indeed exist, and is strongest in private equity deals with active ownership; particularly when frequent interaction with - and even changing of - management is involved.
Diana and Axis exit GG
Diana Capital and Axis Participaciones have exited their stakes in Spain’s Grupo Guascor (GG), in a deal that values the diesel and gas engines supplier at €500m.
Corpfin sells Restauravia to AmRest
Corpfin Capital has sold its 76.3% stake in Spanish restaurant chain Restauravia Grupo Empresarial to Polish restaurant operator AmRest Holding.
Yoplait race narrows to six bidders
The sale process for PAI Partners's stake in French yoghurt maker Yoplait has narrowed to six candidates, according to media reports.
Multiple worries
According to the man on the street, multiples nowadays stand at around 7x EBITDA for assets, up to 9x if it’s a ‘quality asset’ (meaning it stands at 9x, since I know of no GP willing to admit he buys low-quality assets). This is down markedly from the...
Apax and Bridgepoint team up again on CEP buyout
Apax Partners and Bridgepoint Capital are teaming up to buy French mortgage insurance services company Compagnie Européenne de Prévoyance (CEP) from PAI Partners, according to media reports.
General Atlantic-backed Privalia acquires Palamon's Dress for Less
General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners have injected €88m of new equity into Spanish private online sales club Privalia.
EQT-owned Gambro sells CaridianBCT
EQT and Investor-backed Gambro AB has sold CaridianBCT to Terumo Corporation for an enterprise value of $2.625bn.
Consortium sells LAB901
Archangel Informal Investment, Alliance Trust, Scottish Enterprise, Foresight, Noble Fund Managers and the Business Growth Fund have exited their stake in LAB901.
3i exits Frozen Value via management buy-back
UK buyout giant 3i has exited discount grocery retail chain Frozen Value via a management buy-back.
PAI Partners sells Kwik-Fit for £637m
PAI has sold car repair business Kwik-Fit to Japanese corporation Itochu for ТЃ637m.
Caird to cash in on PSN
Caird Capital is set to make a stellar return on the sale of PSN once the $1bn sale to Wood Group completes.
SLS Invest and SEB sell Sanos
SLS Invest and SEB have sold their stakes in Danish biotech company Sanos Bioscience A/S to Nordic Bioscience A/S.
Barclays Private Equity exits Siteco
Barclays Private Equity has sold Siteco Lighting GmbH to Osram, a subsidiary of the Siemens Group, for an undisclosed amount.
Prime Ventures and Intel Capital exit Silicon Hive
Prime Ventures and Intel Capital have sold their stakes in Dutch multimedia solutions provider Silicon Hive to Intel Corporation.
ICG acquires Gerflor from AXA PE
Intermediate Capital Group (ICG) has agreed to acquire French flooring business Gerflor from AXA Private Equity, for an undisclosed amount.
Silverfleet exits Sterigenics
Silverfleet Capital has sold contract sterilisation and ionisation services provider Sterigenics International for $675m to US-based private equity firm GTCR.
Caja Navarra Corporation exits Ikusi
Caja Navarra Corporation (CAN), the private equity arm of Caja Navarra, has sold its 32% stake in audiovisual and electronics systems manufacturer Ikusi to Ormazabal.
One Equity Partners exits Süd-Chemie AG
Germany-based private equity firm One Equity Partners has sold its 50.4% stake in Süd-Chemie AG to Swiss specialty chemicals business Clariant for an estimated amount of €1m.
Clave Mayor exits Base Protection
Clave Mayor has realised its first exit from a non-Spanish business with the sale of Base Protection to Grupo Fegemu – another of its portfolio companies.