Exits
FRANCE - AXA PE, Partech and Orkos to exit B3G
AXA Private Equity, Partech International and Orkos Capital are set to sell telecommunications company B3G Telecom to Altice for an undisclosed sum.
ITALY - Arca reaps 1.9x returns from Mazzoni sale
Arca Impresa Gestioni has sold its stake in Mazzoni LB to holding Sagittario for an undisclosed sum, a deal that netted the investor a 17% IRR and a cash multiple of 1.9x.
DENMARK - Apax, Permira-backed TDC acquires Fullrate
Danish venture capital firm SEED Capital has sold broadband provider Fullrate to telecommunications company TDC A/S, which is owned by a private equity consortium including Apax Partners and Permira, for an undisclosed sum.
GERMANY - Ventizz sells innovatis AG for EUR 15m
Ventizz Capital Partners has agreed to sell its stake in innovatis AG, a provider of automated cell analysis solutions, to Roche Diagnostics for EUR 15m.
UK - NVM reaps 2.2x money multiple on Pivotal exit
NVM Private Equity has sold laboratory supplier Pivotal Laboratories Ltd to ACM, a clinical laboratory in the US, for an undisclosed sum, reaping a 2.2x money multiple and an IRR of 27%.
GERMANY - Triton's Kampa to file for insolvency
Triton-backed Kampa AG, a listed manufacturer of prefabricated houses, is expected to file for insolvency.
FRANCE - I-Source exits Advestigo
I-Source has sold copyright protection company Advestigo to Hologram industries, a global producer and distributor of high security optical solutions, for an undisclosed sum.
NETHERLANDS - PE-backed NXP to sell wireless chip division
Semiconductor business NXP, which is backed by KKR, Bain Capital, Apax Partners, AlpInvest Partners and Silver Lake Partners, is understood to have sold its wireless chip services business to French smart card provider Gemalto.
UK - Dunedin to sell Fernau in £32m deal
Dunedin is finalising a ТЃ32m sale of navigation equipment manufacturer Fernau Avionic to US-based aircraft control systems manufacturer Moog Inc, in a deal that would reap a 3.2x money multiple on the investment.
GLOBAL - Lehman sells venture capital arm
Lehman Brothers has fully divested its US-based venture capital arm Lehman Brothers Venture Partners through a sale to the current management team, backed by HarbourVest Partners.
UK - Inflexion reaps 1.5x money from sale of CHKS
Inflexion Private Equity has wholly exited healthcare performance benchmarking specialist CHKS Limited in a trade sale to Capita Group Plc, generating returns of more than 1.5x the investment. Capita cites the price tag for the deal as ТЃ11.6m.
AUSTRIA - Pontis- and uni-backed Alumonte files for insolvency
Pontis Venture and uni venture-backed ALUmonte Technologiefortschritt in Aluminium GmbH has filed for insolvency.
UK - Golden Gate sells stake in Micro Focus
Reports suggest that Golden Gate Capital is to sell its 22.3% stake in business software developer Micro Focus International Plc, in a deal that is thought to be worth approximately ТЃ117.1m.
SPAIN - N+1 reaps 2x returns from Atecsa sale
N+1, alongside its listed vehicle Dinamia, has wholly exited its stake in vehicle inspection business Atecsa through a trade sale to Ahorro Corporación subsidiary Henri Inversiones 2008 SL in a deal valued at EUR 27.8m, generating returns of 2x the money...
GLOBAL - TPG sale talks collapse
US private equity house TPG Capital has, according to reports, broken off talks to sell a stake of the firm to investors.
NETHERLANDS - DSM Special Products sale to Arsenal falls through
The sale of chemicals business DSM Special Products BV to US-based Arsenal Capital Partners will not be completed due to provisions imposed by the European Commission. The deal was originally announced on 3 March 2008.
GERMANY - Carlyle-backed Edscha files for insolvency
The Carlyle Group's portfolio company Edscha has filed for insolvency.
UK - Lyceum exits SPI Group
Lyceum Capital has exited SPI Group, a building services company.
SWEDEN - 3i divests DIAB stake to Ratos in SEK 400m deal
3i has sold its 48% stake in core materials manufacturer DIAB Group AB to co-investor Ratos in a deal valued at approximately SEK 400m.
GERMANY - Nova exits nuclitec GmbH
Direct secondaries specialist Nova Capital Management has sold German radioactive products supplier nuclitec GmbH, along with its French and US based sister companies nuclitec sarl and nuclitec Inc, in a trade sale to Eckert & Ziegler Strahlen-und Medizintechnik...
BELGIUM - Siparex exits stake in Guillaume Teco
Siparex has exited its holding in electrical parts company Guillaume Teco to BV Capital Partners.
UK - LCA-backed Living Villages enters administration
Living Villages Holdings Limited, a construction company specialising in low carbon properties backed by Low Carbon Accelerator (LCA), is being put into adminsitration.