Exits
UK - CBPE exits BWA Water Additives
Close Brothers Private Equity (CBPE) has sold BWA Water Additives, a developer of speciality branded chemicals for the water treatment market, to United International Bank BSC, an investment bank based in Bahrain, for an undsiclosed sum.
GERMANY - Odewald & Compagnie sells Zehnacker Group
Odewald & Compagnie has fully exited its stake in facility management company Zehnacker Group in a trade sale to listed French company Sodexo.
FRANCE - I-Source exits NETIA
I-Source has sold its stake in software developer NETIA to GlobeCast, a subsidiary of France Telecom.
GERMANY - TVM Capital sells DIREVO Biotech
TVM Capital has sold portfolio company DIREVO Biotech AG to Bayer HealthCare in an all cash deal valued at EUR 210m. DIREVO Industrial Biotechnology GmbH, a wholly owned subsidiary of DIREVO Biotech AG, is not subject to this transaction and has been...
GERMANY - HgCapital generates 3.7x return from Addison sale
HgCapital has sold Addison Software, a provider of solutions to accountancy practices and SMEs, to international multimedia company Wolters Kluwer, reaping a 3.7x return on the capital invested and a 55% IRR.
SPAIN - Diana Capital reaps 3.1x from Indal sale
Diana Capital has sold its stake in lighting manufacturer Indal to Caja Duero for EUR 25m, reaping a 3.1x money multiple and a 25% IRR.
GERMANY – Emerald Technology Ventures sells Ormecon GmbH
Emerald Technology Ventures has sold its stake in Ormecon GmbH, an advanced materials company, for an undisclosed sum to Enthone Inc, a Cookson Electronics company.
SPAIN - MCH sells Qualytel to Bertelsmann
According to reports, MCH Private Equity has sold call centre business Qualytel Teleservices to German media group Bertelsmann's Arvato unit for an undisclosed sum.
FRANCE – XAnge and CVC sell GeneSystems
XAnge Private Equity and CVC Enterprises have sold GeneSystems, a French developer of molecular diagnostics platform, to Pall Corp.
GERMANY – bmp AG sells stake in Gamigo
bmp Media Investors has sold its 47.37% stake in Hamburg-based games publisher Gamigo to co-investor AS Venture GmbH, a subsidiary of the Axel Springer publishing house.
UK - Abingworth sells Clinical Designs
Abingworth has sold medical equipment developer Clinical Designs Ltd to Mundipharma International Corporation Ltd for an undisclosed sum.
UK - Energy Ventures exits Caltec
Energy Ventures has sold its investment in Caltec, a supplier of equipment for improving production from oil and gas wells, to Petrofac Ltd for an initial consideration of ТЃ15m, with this potentially rising to ТЃ30m if the business reaches performance...
UK - Barclays Ventures exits UPSL
Barclays Ventures has sold Uninterruptible Power Supplies Ltd (UPSL), an supplier of branded continuous power supply systems, for an undisclosed sum to US-based Kohler Power Systems.
GERMANY - CMP divests Lloyd Dynamowerke
Capital Management Partners has divested its majority shareholding in electrical and drive system manufacturer Lloyd Dynamowerke to Kirloskar Electric Company Ltd, a sector player operating in the Indian and Asian markets.
NETHERLANDS - Egeria sells Royal van Lent to LVMH
Egeria has sold its stake in Royal van Lent, a designer and builder of luxury custom yachts, to luxury product group LVMH Moet Hennessy.
FINLAND - Ratos completes SEK 473m refinancing of GS-Hydro
Ratos has completed a SEK 473m recapitalisation of portfolio company GS-Hydro, a supplier of non-welded piping systems.
BELGIUM - 3i sells Electrawinds
3i has sold its minority stake in renewable energy company Electrawinds to the founding majority shareholders.
ITALY - Change Capital to sell Jil Sander for EUR 167m
Change Capital Partners has agreed to sell fashion brand Jill Sander Group to Tokyo-listed apparel group Onward Holdings Co Ltd and its European subsidiary, GIBO Co SpA for EUR 167m.
GERMANY – Cerberus sells Peguform to Polytec
Cerberus Capital Management has sold auto parts manufacturer Peguform Group to Austrian strategic investor Polytec Holding AG for an undisclosed amount.
UK - Charterhouse considers Lucite sale
Reports suggest that Charterhouse Development Capital is considering a sale of Lucite International, a manufacturer of acrylic-based products, which is thought to have an enterprise value of ТЃ1.3bn (USD 2.5bn).
CEE - Good Energies sells Romanian wind farms for EUR 1.1bn
Good Energies has sold its share in two Romanian wind farms to Czech utility company CEZ for EUR 1.1bn.
UK - Oxford Capital exits Infobasis for USD 5m
Oxford Capital has sold its stake in human resources software specialist Infobasis to Nasdaq-listed HR and data software provider Salary.com Inc in a USD 5m deal.