Exits
German IPOs fail to meet expectations
A relatively large number of IPOs have taken place lately on the Frankfurt stock exchange with more expected later in the year. But doubts still remain over the wisdom of IPOs in the post-crisis era. Diana Petrowicz investigates.
Priveq sells Sydtotal
Priveq Investment has sold its 57% stake in Swedish climate specialist Sydtotal AB to Imtech Nordic AB.
EQT acquires Atos from Nordic Capital
EQT has acquired Swedish medical device company Atos Medical from Nordic Capital.
Ventizz reaps 5x money on QSIL sale
Ventizz Capital Partners has sold its 60% stake in QSIL AG Quarzschmelze Ilmenau to a consortium led by QSIL's CEO Stephan Behr, which now holds 100% of the company.
Permira prepares NDS IPO
Permira has hired JP Morgan, Goldman Sachs and Morgan Stanley to assist in listing digital set-top box manufacturer NDS in New York.
PE firms circle American Golf
A number of private equity investors are to place bids for the buyout of LDC-owned American Golf, a UK-based retailer of golfing equipment, according to media reports.
Arle poised to sell two firms
Arle Capital Partners is set to sell two of its portfolio companies, according to reports.
Paine & Partners buys Scanbio from Verdane
Paine & Partners has acquired fish oil and protein concentrate producer Scanbio Marine Group from Scanbio AS, part-owned by Verdane Capital IV.
Former Barclays-owned Novem in talks about sale
Former Barclays Private Equity-owned automotive supplier Novem Group is reported to be placed on the market again.
Ventizz sells stake in vitronet
Ventizz Capital Partners has together with the company’s management sold a 15% stake in broadband network specialist vitronet to RWE Deutschland.
PE-backed Afflelou mulls over IPO
French optician Alain Afflelou, a portfolio company of Bridgepoint and Apax France, is considering a potential listing within the next 12 months.
Nordic heading for fourth exit of 2011
Final bids are due tomorrow for Swedish medical devices company Atos, currently owned by Nordic Capital.
Cognetas divests KSM Castings to CITIC Dicastal
Private equity house Cognetas has divested automotive industry supplier KSM Castings to CITIC Dicastal for an amount thought to be more than €300m.
PM&Partners, Fidia and Athena exit AIVE
Private equity houses PM&Partners, Fidia and Athena Private Equity have sold IT services provider AIVE Group to Cap Gemini for €42.9m.
VCs exit BiancaMed in trade sale
VC-backed Irish medical equipment company BiancaMed has been acquired by ResMed, in a deal that values the company at less than $50m.
Incitia partially exits Algeta – reaps 8x
Incitia Ventures has sold 50% of its shareholding in Oslo-based biotech company Algeta ASA, generating an 8x return on investment.
IK acquires Savena in SBO
IK Investment Partners has acquired French food ingredient manufacturer Savena from Azulis Capital and Céréa Capital.
Alpha sells Mecatherm to Wendel for €170m
Alpha has agreed to sell Mecatherm, a French manufacturer of production lines for bakery products, to industrial holding Wendel.
Blackstone buys confectionery manufacturer Tangerine
Blackstone Group has acquired Growth Capital Partners' (GCP) 40% stake in sugar, confectionery and popcorn manufacturer Tangerine in a deal worth more than £100m.
Balderton’s The Hut planning IPO
Balderton Capital-backed online retailer The Hut is preparing for a stock market listing, according to report.
Constellation Capital reaps 6.3x on SVOX sale
Private equity house Constellation Capital has exited voice solution provider SVOX to Nuance.
TDR buys Lowell Group from Exponent
TDR Capital has acquired Leeds-based debt purchasing specialist Lowell Group from Exponent Private Equity.
Secondary buyouts on the rise
unquote” has recorded a significant hike in SBO activity in 2011 – indicating LPs’ fears over their comeback might not have been exaggerated after all. Greg Gille reports
General Atlantic Partners exits Navigon
Private equity house General Atlantic Partners has sold navigation software specialist Navigon in a trade sale to US company Garmin.