Exits
Barclays PE and LBO France exit Converteam in $3.2bn trade sale
Barclays Private Equity and LBO France have sold 90% of French power conversion and engineering company Converteam to General Electrics for $3.2bn - around 13x EBITDA.
CVC looking to sell DSI
Private equity firm CVC is in negotiations about the sale of building firm DSI.
Mercapital puts Gasmedi on the block
Spanish private equity firm Mercapital has hired Goldman Sachs to manage a sales process for its portfolio company, Gasmedi.
Segulah sells stake in Exotic Snacks
Segulah has sold its stake in Exotic Snacks AB to a consortium led by the company’s founder Rolf Nilsson and board member Björn Krasse.
PAI in exclusive talks to buy Kiloutou
PAI partners is set to acquire French construction equipment rental company Kiloutou from Sagard.
Gimv et al. exit Psytechnics
Gimv, New Venture Partners and DFJ Esprit have sold software company Psytechnics to Nasdaq-listed Netscout Systems.
3i sells Pilatus stake to IHAG Holding
3i has sold its stake in Swiss-based aircraft manufacturer Pilatus Flugzeugwerke AG to IHAG Holding.
3i to float Norma Group
3i has announced its plans to list auto parts supplier Norma Group on the Frankfurt stock exchange.
3i looking to offload Azelis
3i has hired Bank of America Merrill Lynch to run the auction process for Belgian chemicals distributor Azelis, according to media reports.
Ratos refinances Arcus
Ratos has completed a NOK 220m refinancing round of Norwegian wine and spirit producer Arcus-Gruppen.
Endless acquires TJ Hughes
Private equity house Endless has acquired TJ Hughes for an undisclosed amount in a secondary buyout from Silverfleet Capital.
Duke Street buys Wagamama from Lion Capital
Duke Street has acquired UK fast-food chain Wagamama from Lion Capital for an undisclosed amount.
HgCapital planning to sell SLV
Private equity house HgCapital is reported to be in negotiations to sell lighting system provider SLV.
Doughty Hanson prepares Avanza for sale
Doughty Hanson has hired investment bank JP Morgan to explore options for a possible exit from bus company Avanza.
Carlyle and Providence considering Com Hem sale
The Carlyle Group and Providence Equity Partners are considering a sale of Swedish cable operator Com Hem, according to reports.
Ludgate also exits agri.capital
Ludgate Environmental Fund - a listed vehicle managed by Ludgate Investments - has fully exited German biogas energy producer agri.capital GmbH, reaping a €16.3m cash return.
Permira hands over Dinosol keys
Lenders who supported Permira’s buyout of Spanish food retailer Dinosol have become majority shareholders in the company in a debt-for-equity swap.
Endless fully exits Amco
Turnaround specialist Endless has fully exited UK engineering business Amco, by selling its Drilling and Developments branches back to management for £14m.
BluO looking to float Adler
BluO is planning an IPO of fashion retailer Adler on the Frankfurt Stock Exchange, according to reports.
EQT sells Kabel BW to Liberty Global
Private equity firm EQT has sold 100% of German cable network provider Kabel BW to US media house Liberty Global for €3.16bn.
CVC leads bids for Kabel BW
CVC has offered €2.95bn for German cable operator Kabel Baden Wuerttemberg.
Industrifonden fully exits Qliktech
Industrifonden has sold its remaining 6.5% stake in Qliktech after listing on NASDAQ in New York in July 2010.
BPE’s Femcare sale generates 2x return
Barclays Private Equity (BPE) has sold Femcare Group Limited to Utah Medical Products Inc for £25m.
Frog Capital sells agri.capital
Frog Capital has sold its stake in German biogas energy producer agri.capital to Alinda Capital Partners.