Exits
PAI moves closer to full exit from Kwik Fit
Less than four months after having offloaded the insurance branch of Kwik Fit to Fortis UK for ТЃ215m, reports suggest that PAI Partners may be moving closer to selling the main operating business.
For sale sign goes up at IKB
Lone Star, the specialist US distressed asset investor, has appointed Perella Weinberg to sell the toubled German bank IKB, reports suggest.
InnovationsKapital to list Isconova
InnovationsKapital has announced that its portfolio company Isconova is set to list on the NASDAQ OMX First North.
Via Venture exits Radiocomp
Via Venture Partners has sold its stake in Radiocomp in a trade sale to Microelectronics Technology Inc.
Consortium exits PregLem in trade sale
A consortium consisting of Sofinnova Partners, MVM International Life Sciences Partners, NeoMed Innovation, Sofinnova Ventures and Sutrepa have sold their stakes in PregLem to Gedeon Richter Plc.
Running for the exit?
Exit numbers are set to boom in the coming months as market conditions improve, according to research. While trade sales are very much the preferred route for private equity investors, IPOs remain unattractive. John Bakie gives an overview.
HBM BioVentures sells Sloning for €6.7m
Venture capital company HBM BioVentures has sold its stake in Sloning Biotechnology to German antibody specialist Morphosys for €6.7m.
DFJ Esprit and DN Capital exit Lagan Technologies
Venture capital firms DFJ Esprit and DN Capital have agreed to sell Lagan Technologies to KANA Software.
Consortium sells BuyVIP to Amazon.com
A consortium of private equity investors is to sell Spanish e-commerce community BuyVIP to Amazon.com for around €75m.
Clessidra and Carlyle circle Coin
Private equity firms Clessidra and Carlyle Group have expressed an interest in purchasing PAI Partners’ 69% stake in Italian retailer Gruppo Coin.
LDC sells Omega Red to South Staffordshire
Lloyds TSB Development Capital (LDC) has sold its shareholding in lightning protection and electrical earthing company Omega Red to South Staffordshire Plc.
ARGUS acquires Calucem in SBO
ARGUS Capital Partners has acquired the Croatian supplier of calcium aluminate cement Calucem from Mid Europa Partners.
Axcel lists Pandora at DKK 210 per share
Axcel portfolio company Pandora today listed on the NASDAQ OMX Copenhagen at a share price of DKK 210.
Private equity-backed AZ Electronic plans $700m IPO
AZ Electronic Materials Group, the chemicals manufacturer co-owned by Carlyle Group and Vestar Capital Partners, is to be listed on the London stock market.
Pragma Capital acquires IMV Technologies from OFI Private Equity
Pragma Capital has acquired French biotechnology company IMV Technologies from OFI Private Equity (OPEC).
BPE sells FirstAssist Services for £12.5m
Barclays Private Equity (BPE) has sold business services provider FirstAssist Services to outsourcing company Capita plc for ТЃ12.5m.
Morgan Stanley and SocGen reportedly hired for Yoplait sale
Morgan Stanley and Société Générale are said to have been hired as advisers to PAI partners and Sodiaal on the sale of Yoplait, according to media reports.
Ibersuizas looking to sell Maxam
Market rumours suggest Madrid-based private equity firm Ibersuizas is considering the sale of civil explosives specialist Maxam.
Carlyle completes B&B Hotels acquisition from Eurazeo
The Carlyle Group has acquired French hotels chain B&B hotels from Eurazeo, in a deal that values the company at around €480m.
Bridgepoint sale of Rodenstock collapses
Bridgepoint’s sale of German eyeglass maker Rodenstock has collapsed, according to reports.
BSPE exits Tinet
BS Private Equity (BSPE) has exited its 92% stake in IP transit and Ethernet company Tinet to US-based Neutral Tandem in a deal valued at approximately €82m.
LDC earns 4x revenue with St Tropez exit
Mid-market private equity house LDC has sold luxury self-tanning brand St Tropez to PZ Cussons for ТЃ62.5m, which corresponds to more than 4x revenue.
Doughty Hanson sells Impress for €1.7bn
Doughty Hanson & Co has exited its investment in metal packaging producer Impress Coöperatieve U.A. in a €1.7bn trade sale to Ardagh Glass.
3i and TCR Capital acquire Trescal from Astorg
3i and TCR Capital have acquired a majority stake in French measurement services specialist Trescal from Astorg Partners.