Exits
CVC exits Etraveli in EUR 1.63bn trade sale
CVC acquired the online flight booking platform from ProSiebenSat.1 in 2017 in a EUR 508m deal
IK, Asian strategics in final sale round for Schwind
Sell side is aiming to deliver on high price expectations for the asset
Vistra catches Warburg Pincus's eye in bilateral sale talks
Appetite for corporate and fund administration businesses has picked up in recent months
Advent buys Caldic from Goldman Sachs
GP plans to merge the speciality chemicals producer with São Paulo-headquartered Grupo Transmerquim
La Maison Bleue piques sponsor interest as auction kicks off
Ardian is considered to be a keen bidder given its interest in the sale of nursery business Grandir
G Square transfers ISPS to new fund after sale talks with PAI collapse
Sponsor refinanced the business with incumbent lender CVC and another direct lender as part of the transfer
Invision's Dr Deppe to hit DACH auction pipeline
Invision has mandated Rothschild for the sale of the disinfectants and cleaning-products specialist
Valedo's Norva24 to list in Stockholm
Since inception in 2015, Norva24 has grown from NOK 150m in revenues to NOK 2.1bn
French IPO pipeline heralds solid 2022 after record vintage
Wave of French IPOs seen this year is not abating in 2022, advisers say, as the recent record vintage comes to a close
Carlyle clinches AutoForm in SBO from Astorg
Permira, Onex, EQT, KKR and Hellman & Friedman, as well as industry players, were also tipped as potential bidders
Mobeus's Equip Outdoor Technologies mandates KPMG for potential sale
Equip Outdoor Technologies is the parent company of specialist outdoor brands Rab and Lowe Alpine
Assos of Switzerland for sale with William Blair advising
Sale process is advanced, with second-round bids expected near the end of this month
Waterland sells Cawood for 3.7x money
Trade sale to EBI is the first exit from the GP's GBP 2bn, 2017-vintage fund Waterland VI
AutoForm bidder pool narrows to include Carlyle, Francisco Partners
Sale of the business has tightened after attracting early interest from a raft of sponsors and trade players
Investindustrial invites six advisers to pitch for CEME auction
Sale of CEME, a manufacturer of fluid-control systems, is expected to start in the first quarter of 2022
Lone Star to exit MBCC in EUR 5.2bn deal
Lone Star bought construction chemicals business of BASF, now renamed as MBCC, less than two years ago
LBO France secures Alliance Marine takeover from Weinberg
Deal values the target at around EUR 200m (10x EBITDA), according to Capital Finance
Argos Wityu exits Olinn
GP formed the equipment leasing and management firm in 2018 via the merger of four companies
Italcer draws attention from Apollo Global and Lone Star
Sale process is expected to be launched within the next two weeks as teasers are largely ready
ECI's Travel Chapter shelves IPO plans
Move comes less than three weeks after the company announced its intention to float on AIM
3i reaps GBP 146m from Basic-Fit sell-down
Proceeds take 3i's cash return from its investment in Basic-Fit to 4.1x
IK buys Truesec from Sobro
Cybersecurity firm is IK's seventh platform investment of H2 2021 and its fourth deal since October
PE-backed Inmarsat sold to Viasat in USD 7.3bn deal
Apax Partners, CPP, OTPP and Warburg Pincus acquired Inmarsat via a take-private in 2019
Auction for Carlyle's Saverglass called off – report
Rothschild-run process was launched earlier this year, with Towerbrook and ICG reportedly involved in earlier stages