Exits
BC Partners buys Aenova from Bridgepoint
BC Partners has acquired German pharmaceutical manufacturer Aenova Group from Bridgepoint in a transaction understood to be valued at slightly less than €500m.
21 Centrale buys Cleor off Azulis
21 Centrale Partners has taken a majority stake in the management buyout of French jewellery retailer Cleor.
3i sells Esmalglass to Investcorp
3i has sold ceramic and enamel producer Esmalglass-Itaca to Investcorp in a deal understood to be worth around €200m.
Endless exits Phoenix Foods to Specialty Powders
Turnaround specialist Endless has sold Phoenix Foods to trade player Specialty Powders in an all-cash transaction.
AXA PE acquires frostkrone from Argantis
AXA Private Equity has acquired German frozen finger food producer frostkrone and its subsidiary Bornholter in an SBO from Argantis Private Equity.
Patience pays off on Ziggo IPO
The unusual IPO story of Ziggo has presented yet another boost to its private equity backers as overwhelming investor demand accelerated yesterday’s share offering from a planned 18 million to 29 million ordinary shares - trading at a premium of 34%....
Foresight rocks out with £3.5m Blackstar investment
Foresight Group has injected £3.5m into UK-based guitar amplifiers manufacturer Blackstar.
Equistone takes majority stake in Vivonio
Equistone Partners Europe has taken a 67% stake in German furniture maker Vivonio Furniture Group, a newco formed by combining Orlando Management-backed MAJA, Staud and SCIAE.
N+1 makes 3.5x on ZIV sale
N+1 Private Equity has sold its 75% stake in Spanish digital equipment and services provider ZIV Aplicaciones y Tecnología to trade player Crompton Greaves for €150m.
Equistone sells Kermel to Qualium
Qualium Investissement has acquired a majority stake in French fibre manufacturer Kermel from Equistone Partners Europe, which is understood to have reaped a 2.2x money multiple on the sale.
AXA PE acquires Fives from Charterhouse
AXA Private Equity has backed the management buyout of industrial engineering firm Fives Group in a deal that values the company at around €850m.
Siparex takes 25% stake in Vulcain
Siparex has acquired a minority stake in the owner buyout of French building fixtures manufacturer Vulcain.
IK buys Actic from FSN Capital
IK Investment Partners has acquired Swedish health and fitness business Actic from FSN Capital.
Index et al. partially exit Funxional Therapeutics
Index Ventures, Novo A/S and Ventech have partially exited their investment in Funxional Therapeutics, following the company’s sale of its rights to lead anti-inflammatory drug FX 125L to German pharmaceuticals company Boehringer Ingelheim.
Espiga sells Invesa to Animedica
Espiga Capital Gestión has sold Industrial Veterinaria (Invesa), a Spanish pharmaceutical products manufacturer for the veterinary industry, to German firm Animedica Group.
Mercapital makes €100m on Gasmedi sale
Mercapital has sold Spanish respiratory home therapies firm Gasmedi to French gas company Air Liquide for €330m.
Sun-backed Neckermann files for insolvency
Sun European Partners' German mail-order portfolio company Neckermann has filed for insolvency following unsuccessful talks with the PE firm.
Perfectis exits Fasia Industries in trade sale
Perfectis Private Equity has sold its majority stake in French professional clothing business Fasia Industries to French strategic buyer Groupe Marck.
Oaktree Capital buys Integrated Subsea Services
Oaktree Capital Management has acquired a 62.5% stake in Integrated Subsea Services (ISS), according to reports.
Capvis and Partners Group sell Bartec to Charterhouse
Capvis Equity Partners and Partners Group have sold their majority stake in German industrial safety technology provider Bartec to Charterhouse Capital Partners.
Revolymer IPO raises £25m
Revolymer, a British polymer company, has completed an IPO on the AIM market of the London Stock Exchange.
SBOs remain resilient in Q2
The increase in larger deals witnessed in the second quarter corresponded with a relative resilience in secondary buyout activity across Europe, according to the latest unquote" Private Equity Barometer.
RJD buys Harrington Brooks from Inflexion
RJD Partners has backed the MBO of British debt management firm Harrington Brooks from Inflexion Private Equity.
CapMan exits Ascade to CSG Systems
CapMan has sold software developer Ascade to NASDAQ-listed trade player CSG Systems.