Exits
GERMANY - Advent's Nukem sells subsidiary
Advent International portfolio company Nukem GmbH has sold nuclear waste management subsidiary Nukem Technologies GmbH to Russian state-owned strategic investor ZAO Atomstroyexport for an undisclosed sum.
GERMANY - Advent's Nukem sells subsidiary
Advent International portfolio company Nukem GmbH has sold nuclear waste management subsidiary Nukem Technologies GmbH to Russian state-owned strategic investor ZAO Atomstroyexport for an undisclosed sum.
UK - Montagu looks to part with Survitec
According to reports, Montagu Private Equity is looking to sell defence group Survitec for ТЃ300m, more than double the price it paid for the company in 2004.
UK - South East Growth Fund reaps 5x return on BioAnaLab exit
Regional venture investor South East Growth Fund (SEGF) has wholly exited its investment in biotechnology company BioAnaLab through a trade sale to Millipore Corporation, generating a return of 5x money and an IRR of 28%.
EUROPE - 3i may sell venture portfolio to Coller and HarbourVest consortium
3i is now reportedly in exclusive talks with a consortium led by secondary investors Coller Capital and HarbourVest Partners regarding the sale of its venture portfolio, with the price tag thought to be in the region of ТЃ100m.
GERMANY - Summit Partners sells Dedon stake to founder
Summit Partners has sold its stake in furnishings manufacturer Dedon GmbH to Bobby Dekeyser, the founder and stakeholder of the company.
GERMANY - Private equity interest in Warburg's easycash
Reports indicate that several private equity firms are among the interested parties who have submitted first round bids for Warburg Pincus' credit card transaction business Easycash GmbH.
UK - HSBC-backed Amtech up for grabs
Inspection software provider Amtech, backed by HSBC Private Equity, has reportedly been put up for sale by its private equity owner and management, with the price tag thought to be around ТЃ40m.
GERMANY - Apax sells remaining stake in listed Dialog Semiconductor
Apax Partners has fully exited its investment in listed semiconductor manufacturer Dialog Semiconductor plc, selling off its 14.2% stake.
GERMANY - Troubled Arques sells Actebis to Droege Capital
Beleaguered industrial holding Arques Industries has sold distribution company Actebis to Droege Capital GmbH, a subsidiary of Droege International Group. Depending on the future performance of the group, the purchase price will be at least EUR 40m.
SWEDEN - Ledstiernan sells Repeatit
Swedish private equity firm Ledstiernan has sold Repeatit AB, a developer of fixed broadband wireless access, to Skandinaviska WLAN-specialisten AB. The profit from the sale is said to be marginal.
CEE - Bancroft, CCMP sell Nowaco for EUR 250m
CCMP Capital Advisors and Bancroft Private Equity have agreed to sell Central and Eastern European food delivery businesses Nowaco Group and Farutex to international distributor Bidvest in a EUR 250m deal.
GERMANY – BC Partners and Apollo Management's Unitymedia prepares IPO
According to reports, BC Partners and Apollo Management-owned Unitymedia GmbH, a cable operator, is preparing for an IPO at the end of the year or early 2010. The company hopes to raise as much as EUR 500m to 1bn.
SPAIN - Pontia Capital sells stake in Nobeltours
It is understood that private equity firm Pontia Capital has sold its 50% stake in tour operator Nobeltur back to its founders, the Peregrín Brothers.
UK - 3i et al. exit Velocix
3i, Amadeus Capital Partners and Pentech Ventures have exited their stake in P2P technology company Velocix via a trade sale to communications services business Alcatel-Lucent. No financial details were disclosed.
Hungary/US - 3TS reaps 8.5x in CEE's largest tech IPO
Dedicated CEE investor 3TS Capital Partners has sold its shares in US/Hungarian remote-services technology business LogMeIn, generating a money multiple of 8.5x. The business, set up in Hungary and moved to the US, floated on Nasdaq at a market capitalisation...
GERMANY – Mangrove and Neuhaus sell Cellity to Nokia
Mangrove Capital Partners and Neuhaus Partners have agreed to sell software provider Cellity AG to Nokia.
GERMANY - Arques sells Tiscon to KCK Association
Industrial holding Arques has sold its 60% stake in investment company Tiscon AG to a consortium of investors led by Russia-based KCK Association.
NORWAY - True North-backed Flisekompaniet taken over by creditors
According to reports, True North Capital- and Dyvi Invest-backed tile company Flisekompaniet has been acquired by Swedish bank Handelsbanken after defaulting on its NOK 300m debt.
UK - NVM reaps 3.3x money on £10m Liquidlogic sale
NVM Private Equity has wholly exited its investment in software provider Liquidlogic via a trade sale to IT specialist System C for an initial consideration of ТЃ10m. The sale has delivered an initial return of 3.3x money multiple and an IRR of over 25%....
FRANCE - AGF PE and Innovacom sell Steek in EUR 27.5m deal
AGF Private Equity and Innovacom have wholly exited their respective stakes in Steek, a software provider, in a trade sale to F-Secure Corporation worth EUR 27.5m.
UK - 3i sells stake in Venture Production
3i has reportedly sold its 5% stake in North Sea oil and gas company Venture Production to Centrica, the UK's biggest energy supplier, for 845p per share.