Exits
General Atlantic-backed Privalia acquires Palamon’s Dress for Less
General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners have injected €88m of new equity into Spanish private online sales club Privalia.
EQT-owned Gambro sells CaridianBCT
EQT and Investor-backed Gambro AB has sold CaridianBCT to Terumo Corporation for an enterprise value of $2.625bn.
Consortium sells LAB901
Archangel Informal Investment, Alliance Trust, Scottish Enterprise, Foresight, Noble Fund Managers and the Business Growth Fund have exited their stake in LAB901.
3i exits Frozen Value via management buy-back
UK buyout giant 3i has exited discount grocery retail chain Frozen Value via a management buy-back.
PAI Partners sells Kwik-Fit for £637m
PAI has sold car repair business Kwik-Fit to Japanese corporation Itochu for £637m.
Milestone Capital generates 3.7x return on Coffee Nation sale
Milestone Capital has sold UK-based Coffee Nation, a producer of coffee vending machines, to Costa Limited for £59.5m.
Caird to cash in on PSN
Caird Capital is set to make a stellar return on the sale of PSN once the $1bn sale to Wood Group completes.
Nova Capital sells ABSL to Enersys
Nova Capital Management has exited British power solutions designer ABSL in a trade sale to US corporation Enersys.
SLS Invest and SEB sell Sanos
SLS Invest and SEB have sold their stakes in Danish biotech company Sanos Bioscience A/S to Nordic Bioscience A/S.
Barclays Private Equity exits Siteco
Barclays Private Equity has sold Siteco Lighting GmbH to Osram, a subsidiary of the Siemens Group, for an undisclosed amount.
Prime Ventures and Intel Capital exit Silicon Hive
Prime Ventures and Intel Capital have sold their stakes in Dutch multimedia solutions provider Silicon Hive to Intel Corporation.
ICG acquires Gerflor from AXA PE
Intermediate Capital Group (ICG) has agreed to acquire French flooring business Gerflor from AXA Private Equity, for an undisclosed amount.
Silverfleet exits Sterigenics
Silverfleet Capital has sold contract sterilisation and ionisation services provider Sterigenics International for $675m to US-based private equity firm GTCR.
Caja Navarra Corporation exits Ikusi
Caja Navarra Corporation (CAN), the private equity arm of Caja Navarra, has sold its 32% stake in audiovisual and electronics systems manufacturer Ikusi to Ormazabal.
One Equity Partners exits Süd-Chemie AG
Germany-based private equity firm One Equity Partners has sold its 50.4% stake in Süd-Chemie AG to Swiss specialty chemicals business Clariant for an estimated amount of €1m.
Clave Mayor exits Base Protection
Clave Mayor has realised its first exit from a non-Spanish business with the sale of Base Protection to Grupo Fegemu – another of its portfolio companies.
ECI's Booze on the block
ECI Partners has appointed KPMG to explore a possible sale of Bargain Booze, a UK retailer of discounted alcohol.
Portuguese VCs exit Altitude Software
Portuguese venture capital firms Inovcapital, Fogeca and FIEP have exited their stake in technology firm Altitude Software via a sale to investment funds IBI and BBVA.
HIG acquires AIRCOM from Advent
H.I.G. European Capital Partners has acquired AIRCOM International Group from Advent International through a secondary buyout.
CVC puts Torraspapel up for sale
CVC Capital Partners is searching for new owners for Torraspapel, a Catalan company which has been in its portfolio for the past 12 years.
3i seeks €300m for Esmalglass sale
British buyout giant 3i has contracted BNP Paribas to find a buyer for its Spanish portfolio company Esmalglass.
HTGF exits Kinaxo
HTGF has sold its portfolio company Kinaxo to pharmaceutical company Evotec AG for €3m and 2,597.400 shares in the new parent.
CIC LBO Partners et al. acquire AMS
CIC LBO Partners and CM-CIC Capital Privé have acquired French healthcare provider AMS from Capazanine for an undisclosed amount.
Northern lights
Last year’s high hopes for a revival in the Nordic exit market went unfulfilled. At long last, the exit market in the region is looking bright. Viktor Lundvall reports