Exits
BELGIUM - LSP and Sofinnova prepare Movetis IPO
Life Science Partners (LSP) and Sofinnova Partners-backed pharmaceutical company Movetis is planning an IPO on the Euronext, which could raise up to EUR 112.4m.
UK - Alchemy Partners sells EPS stake
Alchemy Partners has exited its stake in portfolio company Environmental Property Services (EPS) plc, the property installation and maintenance services provider, via a trade sale to MITIE Group for a consideration of up to ТЃ38.5m for all the sellers,...
SPAIN – CAI-backed Imaginarium to list on MAB
Children's toy retailer Imaginarium, backed by the Caja de Ahorros Inmaculada private equity arm, CAI Desarrollo Empresarial, is due to list on the alternative market in Madrid, the Mercado Alternativo Bursátil (MAB).
GERMANY – BC Partners' Brenntag shapes up for IPO
News reports indicate that BC Partners' portfolio company Brenntag GmbH is in the process of restructuring its EUR 2.5bn debt to prepare the company for its planned IPO.
UK - Smedvig Capital makes 6.2x money on Protego sale
Smedvig Capital has sold Protego Real Estate Investors to US-based Cornerstone Real Estate Advisers LLC, reaping a total return of 6.2x and an IRR of 58%. No other financial details have been disclosed.
UK - Kelso Place reaps 4x money through partial exit of i2S Group
Kelso Place Asset Management-backed i2S Group Limited, a provider of integrated building control and data communication systems, has sold its controls division, DMS Controls Limited, to US-based Carrier Corporation, a unit of United Technologies Corporation,...
UK - Oxford Capital exits Orthomimetics
Oxford Capital has exited its investment in medical technology company Orthomimetics via a trade sale to TiGenix, for a consideration of EUR 3.7 million new TiGenix shares.
UK - ISIS Equity reaps 4x money on ScriptSwitch sale
ISIS Equity Partners has wholly exited its investment in drug comparison software company ScriptSwitch via a trade sale to US-based healthcare operator UnitedHealth in a deal that values the business at ТЃ50m, generating a return of four times money....
DENMARK - PAI looking to list Chr Hansen
Reports suggest beleaguered buyout house PAI Partners is looking to offload its stake in Chr Hansen, a Danish food ingredients business, through an IPO that would value the business at EUR 2bn.
DENMARK - IK and Ratos-backed Superfos offloads US operations
IK Investment Partners and Ratos-owned packaging group Superfos' has sold its US operations, Superfos Packaging Inc., to Berry Plastics Corporation for an enterprise value of approximately USD 82m.
UK - NVM achieves IRR of 21% on Abermed sale
NVM Private Equity has wholly exited its investment in Abermed, the occupational health and remote medical services company, via a trade sale to International SOS, for an undisclosed amount, generating a return of 2x money and an IRR of 21%.
ITALY - 360 Capital Partners to float Yoox
As reported in the most recent edition of Southern Europe unquote" , the flotation of online clothes & accessories retailer Yoox, which backed by 360 Capital Partners, has gone ahead, with the firm expecting to raise up to EUR 226m.
GERMANY - DPE exits SSB Wind Systems
DPE Deutsche Private Equity has sold its shares in SSB Wind Systems to US-based Emerson Electric Co for an undisclosed amount.
FRANCE - NI Partners exits CBM
NI Partners has exited its investment in Car et Bus Maintenance (CBM), a producer of car and bus parts, in a buyout by management and employees supported by local funds Uni Expansion Ouest and Synergie finance.
IRELAND - Bain Capital et al. to divest part of stake in Warner Chilcott
Bain Capital Partners, DLJ Merchant Banking, JP Morgan Partners and Thomas H Lee Partners are reportedly planning to sell off part of their stake in listed pharmaceutical company Warner Chilcott.
GERMANY - BC Partners and Apollo sell Unitymedia for EUR 3.5bn
BC Partners and Apollo Capital Management have agreed to sell broadband cable operator Unitymedia to American telecommuncations giant Liberty Global Inc, in a deal that values the business at EUR 3.5bn.
DENMARK - KKR et al. prepare for TDC sale
KKR, Blackstone, Permira, Apax and Providence Equity Partners, the private equity owners of Danish telecoms group TDC, are reportedly meeting with banks this week to choose an adviser as they look to sell part of their stake in the business, which is...
UK - Maven reaps 50% IRR from sale of Cyclotech
Maven Capital Partners has wholly exited its investment in oil and gas company Cyclotech via a trade sale to M-I Drilling Fluids, part of the Houston-based M-I SWACO group, generating a return of more than 3x money and IRR of over 50%.
NORWAY - Norvestor sells Intelecom to Carrot
Norvestor has wholly exited its investment in Intelecom Group, a provider of outsourced communication services for businesses, through a trade sale to sector rival Carrot Communications for an undisclosed sum.
UK - Accel and Index sell Playfish for up to $400m
Index Ventures and Accel Partners have wholly exited social gaming portfolio company Playfish via a trade sale to Electronic Arts for a consideration of up to $400m, including a $100m earnout.
GERMANY - Advent sells Herlitz to Pelikan for EUR 45m
Advent International has divested its 66% stake in stationary company Herlitz through a sale of the business to strategic buyer Pelikan International Corporation Berhad for EUR 45m.
SWEDEN - Segulah sells Isaberg Rapid to Esselte
Swedish buyout house Segulah has sold staple manufacturer Isaberg Rapid to US-based office supplies company Esselte, owned by Boston-based private equity firm J.W. Childs Associates. Segulah is said to have made a "very good" return on the exit.
UK- Permira in exclusive talks for Montagu's Survitec
Permira is reportedly in exclusive talks to acquire survival equipment maker Survitec from Montagu Private Equity, having gained sole access to the company's books in the last week.
SWEDEN - Priveq and Investor in SEK 3.5bn Orphan exit
Swedish private equity house Priveq and industrial holding Investor Growth Capital has sold drug company Swedish Orphan International to Biovitrum in a SEK 3.5bn deal.
