Exits
3i exits Panreac via trade sale
3i has completed the exit of its Spanish chemicals business Panreac via a trade sale to Illinois Tool Works Inc (ITW).
Valbart sale brings first exit for 21 Investimenti II
21 Investimenti, the Franco-Italian mid-market later stage investor, has sold Italian oil and gas engineering firm Valbart to listed US business Flowserve.
XAnge and CIC back ITL buyout
French investors XAnge and CIC Capital Privé have backed the management buyout of ITL from Initiative & Finance.
Graphite Capital leads U-POL MBO
Graphite Capital has completed the £130m tertiary buyout of automotive care products U-POL from AAC Capital Partners.
Bridges Ventures exits The Office Group
Bridges Ventures has sold office space provider The Office Group in a £43.3m management buy-back.
Dunedin to sell OSS
Dunedin has put UK waste lubricant and oils recycler OSS up for sale after receiving a number of unsolicited approaches.
GIMV backs Onedirect MBO
GIMV has invested €15m to back the management buyout of French e-commerce company Onedirect.
Sixth AP Fund sells Sportex
The Sixth Swedish National Pension Fund has sold its stake in bicycle retailer Sportex to Team Sportia.
Prime Technology Ventures exits Nedstat
Prime Technology Ventures has sold its 43% stake in web analytics specialist Nedstat to comScore, in a deal that values the company at €28.6m.
3i mulls over possible GES sale
3i Group has hired Citigroup to conduct a strategic review of Spanish wind farms builder Global Energy Services (GES).
Candover to sell-off Equity Trust
Candover is rumoured to be in talks with Doughty Hanson to sell its Equity Trust portfolio company.
Axcel considering Pandora IPO
Private equity firm Axcel is preparing to float Danish jewellery maker Pandora, according to media reports.
Dubai Capital-owned Alliance Medical launches sale process
Dubai International Capital (DIC) portfolio company Alliance Medical has launched a sale process, which will run alongside restructuring plans, according to reports.
LDC exits Vision Security Group
FTSE 100 company Compass Group has acquired LDC-backed security services specialist Vision Security Group (VSG) for £64m.
CapMan in second IPO attempt of Cardinal Foods
CapMan has filed for an IPO of the Norwegian white meat and egg supplier Cardinal Foods.
Exits: Private equity IPO prices fall
With a number of high-profile exits so far this year, selling companies has been a hot topic, particularly after the many difficulties of 2009. However, the IPO market has been difficult for private equity players, and new figures show just how tough...
EQT and Goldman Sachs considering IPO of ISS
EQT Partners and GS Capital Partners are considering an IPO of Danish cleaning, catering and security provider ISS A/S, according to reports.
Ratos in possible exit of Bisnode
Ratos AB has entered negotiations regarding the sale of its portfolio company Bisnode, according to reports.
bmp et al. sell nugg.ad to Deutsche Post
bmp AG and IBB Beteiligungsgesellschaft have sold Berlin-based nugg.ad to Deutsche Post for an undisclosed amount.
Exits: Carving out value
With exit maximisation key in today’s economically unstable times, a number of private equity funds have recently chosen to sell their assets in smaller chunks, in the hope of attracting more specialist buyers. John Bakie reports
Consortium exit TPACK in trade sale
Vækstfonden, Slottsbacken Venture Capital and Novi A/S have sold their stakes in Danish telecommunication equipment provider TPACK for $32m to AppliedMicro.
3i to sell Tommee Tippee maker
3i is reportedly mulling plans to sell baby bottle manufacturer Mayborn, with the company estimated to be worth in excess of £200m.
Campbell Soup in bid for United Biscuits
Food firm Campbell Soup Company is looking to acquire part of United Biscuits from Blackstone and PAI Partners for £1.5bn, according to media reports.
Barclays acquires Allied Glass from CBPE
Barclays Private Equity (BPE) has backed the £75m management buyout of UK glass container manufacturer Allied Glass from CBPE Capital.