Exits
Biotech IPOs under investor microscope
The recent flurry of biotechs seeking to raise capital on the public markets could prove mistimed as question marks are raised over investor appetite. FranУЇois Rowell investigates.
GS and Cerberus plan to raise €140m in GSW IPO
Goldman Sachs (GS)and Cerberus Capital Management are seeking to raise close €140m in an IPO for portfolio company GSW Immobilien AG.
EPS Value Plus AG sells investment in Meyer Burger/3S Industries
Listed New Value has sold its interest in Meyer Burger/3S Industries on the stock market, which led to preliminary profits of approximately CHF 5.5m for the financial year ending 31 March.
EQT Opportunity divests Tenson
EQT Opportunity has sold Tenson to Benelux-based Unlimited Sports Group.
BC Partner raises €748m in Brenntag IPO
BC Partner has listed chemicals distributor Brenntag on the Frankfurt Stock Exchange, raising €747.5m.
KKR sells 4.4% stake in Legrand
KKR is to sell a 4.4% stake in Legrand, an electrical equipment company.
High Tech Beteiligungen sells Mika Pharma to Giuliani
High Tech Beteiligungen GmbH has sold its entire equity interest in Mika Pharma GmbH to Milan-based pharmaceutical company Giuliani SpA for an undisclosed amount.
Valedo exits Solhaga in SBO to Bridgepoint
Valedo Partners has sold health care business Solhaga to Bridgepoint Development Capital.
Gamma sells 123people to PageJaunes
Austrian VC Gamma Capital Partners (GCP) has sold internet search platform 123people to French trade buyer PagesJaunes Group.
Future Capital et al. sell IEP to Cambrex
Future Capital, Heidelberg Capital and SET have sold enzyme provider IEP GmbH to trade buyer Cambrex Corporation.
Private equity-backed Brenntag to go ahead with €800m IPO
According to reports, BC Partners and Bain Capital-backed Brenntag has received sufficient investor appetite to go ahead with its planned €800m IPO on the Frankfurt stock exchange.
Providence's Kabel Deutschland completes €5bn listing
Providence Equity Partners-backed Kabel Deutschland completed its IPO on the Frankfurt stock exchange today, raising €759m in the biggest IPO in Germany since November 2007.
BC Partners-backed Brenntag solidifies IPO plans
BC Partners-backed chemicals distributor Brenntag has released further details on its planned IPO on the Frankfurt stock exchange.
Cinven to buy Sebia from Montagu
Cinven is set to buy French medical diagnostic company, Sebia, from Montagu Private Equity in a secondary buyout deal reportedly valued at €800m.
Alpha Group's Tom Tailor to cut debt in €140m IPO
Alpha Group's portfolio company Tom Tailor is reportedly preparing for a €140m IPO on the Frankfurt stock exchange at the end of the month, which will see the retailer cut its debt by more than €100m.
BC Partners' Brenntag prepares IPO
BC Partners-backed chemicals distributor Brenntag is set to list on the Frankfurt Stock Exchange before summer.
VC-backed Private Sale acquires Triphunter
Shopping community Private Sale, owned by a consortium including Mangrove Capital Partners, has acquired VC-funded travel portal Triphunter.
3i to sell Panreac
It is understood that 3i is preparing the sale of its Spanish chemical business Panreac.
Providence's KDG cuts IPO share number
Providence's Kabel Deutschland has reduced the number of shares it plans to offer in its IPO 22 March on the Frankfurt stock exchange.
Providence's KDG headed for IPO
Providence’s Kabel Deutschland is said to conduct an IPO at the Frankfurt stock exchange on 22 March, and is expected to issue a total of 52 million shares to raise EUR 700m in capital.
Siemens Venture Capital et al. exit LET Systems
Siemens Venture Capital, Tempovest Capital, Enterprise Ireland, Bank of Scotland and TVC Holdings have exited their investment in software company LET Systems via a trade sale to US-based Trimble.
AXA PE in talks to sell Eliokem to Lanxess
AXA Private Equity is said to be in discussions with German chemical business Lanxess over the sale of its portolio company Eliokem.
NextStage sells Bewan for up to €12.5m
NextStage and Seventure have sold their holding in Bewan, IP and cable gateways specialist, to UK-based Pace, a digital TV technology company, for up to €12.5m.
Trade sales make roaring start to 2010
While many companies are still waiting in the IPO wings, trade sales seem to be the preferred exit option in the UK these days. Deborah Sterescu investigates