Exits
FRANCE - Butler Capital sells SNCM stake
Butler Capital Partners has sold its 38% stake in shopping group SNMC to strategic buyer Veolia Transport for an undisclosed sum.
UK - Charterhouse exits Lucite in USD 1.6bn deal
Charterhouse Capital has agreed to sell Lucite International, a manufacturer of acrylic based products, to Mitsubishi Rayon Co in a trade sale valued at USD 1.6bn.
SWEDEN - Accent reaps 3x return from Annas exit
Accent Equity Partners has sold Annas Pepparkakor, a Swedish cookie producer, to Belgian strategic investor Lotus Bakeries for an undisclosed sum, reaping a 3x money multiple over the course of the investment.
FRANCE - IDI exits Armor
IDI and IPO have sold their respective stakes in chemicals company Armor to Orfite.
FRANCE - AXA closing in on Skyrock sale
According to reports, AXA Private Equity may have found a suitable buyer for radio station Skyrock in the shape of TF1, the French television company.
UK - Inflexion achieves 2x return from Ilchester Cheese sale
Inflexion Private Equity has sold Ilchester Cheese, a producer and exporter of fine quality speciality cheeses, to Norwegian milk co-operative Tine BA for an undisclosed sum, generating a money multiple in excess of 2x and an IRR in the mid twenties over...
GLOBAL - KKR delays listing
Kohlberg Kravis Roberts & Co (KKR) has delayed its plans to go public for a second time this year, blaming the current market conditions.
FRANCE - 3i sells Transports Alloin to Kühne + Nagel
3i and the management have sold Transports Alloin to Swiss logistics company Kühne + Nagel.
FRANCE - 3i sells Transports Alloin
3i, alongside the management team, has wholly exited its stake in Transports Alloin to Swiss sector player Kühne + Nagel.
FRANCE – AXA postpones sale of Skyrock.com
Reports suggest that AXA Private Equity's proposed sale of the Skyrock.com blogging platform could be postponed as there have been no offers of interest.
UK - RBI sale in doubt as valuation declines
The sale of Reed Business Information (RBI), the media publishing division of Reed Elsevier, is reported to be in doubt as third round bidders, including private equity firms Bain Capital and TPG Capital, are considering offers of less than ТЃ1bn - far...
CEE – iEurope yields 2.3x return on ATech Elektronika sale
iEurope has sold Slovenia-based portfolio company ATech Elektronika, a designer and manufacturer of proprietary electronics assemblies, generating a 2.3x cash-on-cash return on its investment and a 18% IRR.
ITALY - Aletti sells Lovato Gas for EUR 63m
Aletti Private Equity has sold industrial manufacturer Lovato Gas (formerly Officine Lovato) to sector rival Landi Renzo, in a deal that values the company at EUR 63m.
GERMANY – HTGF and Bayernkapital sell Vanatec
High-Tech Gründerfonds (HTGF), Bayernkapital and the founders have sold software company Vanatec GmbH to strategic investor Telerik AD, based in Bulgaria, for an undisclosed amount.
FRANCE - Fonds Partenaires sells Burgienne to 3M
Fonds Partenaires Gestion has sold licence plate manufacturer Financière Burgienne to US-based company 3M via an auction process run by Hawkpoint.
CEE - iEurope yields 13.5x return on Vatera sale
iEurope Capital has sold Hungarian e-commerce business Vatera.hu to MIH Internet, generating an approximate 13.5x cash-on-cash return on its investment and a 59% gross IRR.
UK - Catalyst and RIT exit MessageLabs in USD 695m deal
Catalyst Investors and RIT Capital have wholly exited their investment in software company Message Labs Ltd in a trade sale to Amercian software business Symantec valued at USD 695m.
FRANCE - 21 Centrale Partners sells AFU to Amlin
21 Centrale has wholly exited its investment in Anglo French Underwriters (AFU), an underwriting agent for Lloyd’s of London in France, to Amlin Plc, a UK based insurance and reinsurance company.
FRANCE - AXA PE and CDC in partial exit of Saur
AXA Private Equity and Caisse des Dépôts (CDC) have sold a portion of their interest in Hime, the holding company of water services business the Saur Group, to CUBE Infrastructure.
FRANCE – L Capital sells Micromanina for EUR 480m
L Capital has sold games retailer Micromanina to US-based GameStop in a deal worth around EUR 480m including the assumption of the debt. GameStop will use several existing credit lines, as well as a EUR 150m loan from Bank of America, to finance the deal....
GERMANY - EQT sells Pfaff-silberblau to Columbus McKinnon
EQT Opportunity has, together with the Pfaff family and management, signed an agreement to sell lifting and handling equipment producer Pfaff-silberblau Hebezeugfabrik GmbH to global sector specialist Columbus McKinnon Corporation.
UK - European Capital exits Avery
European Capital has fully exited its stake in Avery Weigh-Tronix, a manufacturer of industrial weighing products and systems, in a trade sale to Illinois Tool Works Inc. The value of the deal was undisclosed, but it equated to a finalised IRR over the...