Exits
Large exits up 60% year-on-year
So far, 2011 has seen a surge in exit activity for private equity funds, with large-scale divestments seeing a significant recovery in particular. John Bakie gives an overview
Colony and Butler Capital to exit PSG
Colony Capital and Butler Capital are about to sell French football club Paris St Germain (PSG) to the Qatar Investment Authority (QIA), according to French daily Le Parisien.
BaltCap exits Adam Auto
Hansa Auto, the Latvian subsidiary of Baltic car dealer Amserv Group, has acquired 100% of Adam Auto SIA's shares from BaltCap and minority shareholders.
PE firms team up for Spie auction
Axa Private Equity and Clayton Dubilier & Rice will make a joint bid for PAI's engineering company Spie, according to media reports.
PE-backed AES Laboratoire sold for €183m
Abénex Capital, EPF Partners, Fortis PE and BNP Paribas have exited French microbiology company AES Laboratoire in a €183m trade sale to bioMérieux.
Swathe of PE exits expected this year
Private equity firms are looking to exit a large number of their portfolio companies in the coming 12 months, according to Grant Thornton UK's latest Private Equity Barometer.
Piper returns 5x on Bottlegreen sale
Piper Private Equity has sold its stake in UK adult soft drinks business Bottlegreen Holdings Limited to SHS.
CVC looking to float Evonik
CVC Capital Partners is planning to list chemical company Evonik on the Frankfurt stock exchange.
Creathor Venture sells Doodle stake
German venture capital firm Creathor Venture has sold its 49% stake in Swiss scheduling platform Doodle to media company Tamedia.
Carlyle and Advent considering HC Starck IPO
Carlyle and Advent International have appointed banks to investigate investor appetite ahead of a possible flotation of HC Starck.
Nordic Capital’s Nycomed in possible €8bn sale
Nordic Capital’s portfolio company Nycomed has received interest from Japanese pharmaceutical company Takeda Pharmaceutical, according to reports.
Gala in talks to sell Núcleo
Gala Capital is in advanced talks with engineering group Duro Felgueras about a possible sale of its portfolio company Núcleo de Comunicaciones y Control.
Cinven-backed Avio to launch IPO
Italian aerospace engine maker Avio, a portfolio company of London-based private equity firm Cinven, is said to be keen to launch an initial public offering “as soon as possible”.
Nordic Capital’s FinnvedenBulten IPO back on track
Nordic Capital has got its IPO plans back on track for Swedish auto parts manufacturer FinnvedenBulten.
Bancroft et al. sell Standard Profil
A consortium led by Bancroft Private Equity has fully exited its investment in Standard Profil, a Turkish rubber profile and weather-strip producer for the automotive industry, to Ruia Group.
Global Equity Partners exits Adcon
Global Equity Partners (GEP) has sold its 85% stake in telemetry specialist Adcon in a trade sale to Ott Hydromet.
Cerberus-backed Focus DIY goes into administration
Cerberus Capital’s portfolio company Focus DIY has entered administration.
Nordic Capital’s Falck share sale ends IPO deliberations
Nordic Capital has sold its remaining shares in Danish ambulance and fire engine service provider Falck A/S to Lundbeck Foundation, KIRKBI, PFA and the company’s executive management board.
Jimmy Choo owner looks at IPO prospects
Luxury shoes maker Jimmy Choo, owned by TowerBrook Capital, is considering an IPO in Hong Kong, according to reports.
Endless placed Amdega in administration
Endless-backed conservatory and greenhouse company Amdega has gone into administration, the turnaround specialist has confirmed.
Emerald sells inge watertechnologies
Venture capital firm Emerald Technology Ventures has sold water treatment provider inge watertechnologies to chemical company BASF for an undisclosed amount.
Silverfleet Capital sells EDP
Silverfleet Capital has exited dental service provider European Dental Partners Holding to Sweden-based industrial group Lifco Dental International AB for €170m.
EQT lining up SEK 20bn sale of Securitas Direct
EQT is preparing to sell Swedish burglar alarm company Securitas Direct, according to reports.
AXA PE sells 30% stake in Skyrock to Crédit Agricole
Crédit Agricole has agreed to purchase 30% of French radio station Skyrock from AXA Private Equity, which retains a 40% stake in the business.