Exits
NORWAY - Norvestor completes recapitalisation of BecoTek
Norvestor has completed a NOK 320m refinancing of BecoTek Metal Group, a supplier of brass cages for the ball and roller bearing industry, fully returning the original investment after 18 months.
NORWAY - HiTecVision sells three portfolio companies to Cubera
HiTecVision has completed the sale of RigNet Inc, SPT Group AS, and Norse Cutting & Abandonment AS to Cubera for an undisclosed sum.
UK - Apax and Barclays generate 2x returns from Somerfield sale
The ТЃ1.6bn acquisition of supermarket chain Somerfield by the Co-operative Group has generated a 2x return for backers Apax Partners, Barclays Capital and Robert Tchenguiz.
UK - Barclays Ventures exits Insight Medical Ventures in £22m deal
Barclays Ventures has sold its stake in Insight Medical Ventures Ltd, an operator of integrated healthcare facilities, to UME Diagnostics Ltd in a ТЃ22m deal.
SWEDEN - Nordic Venture Partners et al exit Operax
NetSockets Inc has acquired Stockholm-based software company Operax for an undisclosed sum from Nordic Venture Partners, Emano, Innovacom and Nomura, and the founders.
ITALY - Advent sells Venere to Expedia
Advent International has has agreed to sell travel and accomodation operator venere.com to online travel company Expedia Inc for an undisclosed sum.
NETHERLANDS - Fortis sells IAM to its management team
Fortis has sold London-based fund-of-hedge-funds International Asset Management Ltd (IAM) to its management team.
NORWAY - Borea sells Scandinavian Electric Holding for NOK 430m
Borea Opportunity II has sold its stake in marine propulsion system supplier Scandinavian Electric Holding to Rolls-Royce in a deal valued at NOK 430m.
CEE - PPF sells ARDAF and RAI
PPF Investments has sold its stakes in Romanian insurance companies ARDAF and RAI to Generali PPF for an undisclosed sum. PPF Investments previously held 72.7% of ARDAF and 99.9% of RAI.
FRANCE - AXA PE sells Bénédicta to Heinz
AXA Private Equity has agreed to sell condiments producer Bénédicta to H J Heinz Co for an undisclosed sum.
SWEDEN – CapMan exits Spintop Netsolutions
CapMan Technology has sold its stake in Spintop Netsolutions, a Swedish IT company, to Atea Sverige AB.
UK - Hutton Collins puts James Hull Associates up for sale
Specialist and cosmetic dental surgeons group James Hull Associates has been put up for sale by mezzanine provider Hutton Collins, with the asking price thought to be around ТЃ200m. Candover and GI Partners are believed to be among the potential bidders...
GERMANY - Argantis to sell NordSüd
Argantis has sold its majority stake in NordSüd Speditionsgesellschaft mbH to BIP Investment Partners and the company's management for an undisclosed amount.
NORWAY - Norvestor completes recapitalisation of Elixia
Norvestor Equity has completed a refinancing worth approximately EUR 100m of Elixia Nordic ASA, the Nordic fitness chain, fully returning the original investment to the investor.
FRANCE - EdRIP exits Groupe Alturia
Edmond de Rothschild Investment Partners (EdRIP) has ceded its minority stake in consultancy company Groupe Alturia in a trade sale to Alma Consulting Group. Company founder and majority shareholder Henry Robet has also exited his stake in the company....
CEE – Penta sells Košice Airport stake
According to sources, Penta has sold its stake in KSC Holding, which owns a 66% stake in Košice Airport, to Flughafen Wien for an undisclosed sum.
RUSSIA - A1 et al sell Vladpivo
Alfa Group's private equity arm A1, Detroit Investments and the International Finance Corporation (IFC) have sold Russian brewer Vladpivo to SAB Miller for an undisclosed sum.
SWEDEN - Atle Industri sells Nordhydraulic
Atle Industri, which is 50% owned by 3i and Ratos, has sold Nordhydralic, a hydraulic business, to German company Hydac for an undisclosed sum. The deal generates an exit gain of approximately SEK 100m for both Ratos and 3i.
NETHERLANDS - AIG divests InterGen in USD 1.1bn sale
AIG Highstar Capital II has sold its 50% stake in InterGen, a power generation company, to Indian infrastructure company GMR for approximately USD 1.1bn.
ITALY - Candover-backed Ferretti prepares flotation
According to reports, Candover-backed yatch manufacturer Ferretti has presented the Consob, the first of three documents necessary to proceed with the company’s flotation on the Mta.