Exits
ECI sells CPOMS to PE-backed Raptor
ECI bought the educational safeguarding software in 2018, investing via its GBP 500m ECI 10 fund
LDC sells Mandata to Tenzing
LDC acquired the transport and logistics software developer in a GBP 20m SBO from Synova in 2018
Comdata sponsor Carlyle Group taps Citi to prepare auction
Carlyle acquired Comdata from Altair in December 2015, in a deal valuing Comdata at 4x EBITDA
CFC Underwriting attracts Blackstone Group and OTPP
A deal could value CFC at an EBITDA multiple in the high teens or north of 20x
HKA owner Bridgepoint prepares exit
JP Morgan is in pole position to secure the sell-side mandate, sources say
Advent's Williams Lea in advanced sale process
Williams Lea is expected to generate EBITDA of EUR 39.5m in 2021
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Weinberg's Alliance Marine joins French mid-market pipeline
Since being acquired by Weinberg in 2016, Alliance Marine went on a bolt-on spree
Intriva buys Sequence Care from Horizon
Technology- and service-focused Horizon Capital completed a spin-off from Lyceum Capital in 2018
European IPOs reach seven-year high in first nine months of 2021
Sponsors have been on the ball when it comes to capitalising on the IPO window this year, according to Dealogic data
NorthEdge sells Belfield Group's Usleep
Mattress producer is to be acquired by Vita Group, a portfolio company of Strategic Value Partners
3i, PAI, Alvarez & Marsal head into second round for Anaveo
A couple of corporate suitors are also looking to bid for the asset, sources say
Goldman Sachs, Silverfern put Continental Bakeries on market
Goldman Sachs Merchant Banking Division and Silverfern acquired Continental Bakeries in 2016
Bregal kickstarts ATP sale process; Morgan Stanley advises
Tapes specialist is expected to generate EUR 45m in EBITDA from EUR 175m in sales this year
Nordic nets 8x on Cary Group IPO
GP backed the business т then called Ryds Bilglas т via Nordic Capital VIII in 2018
Ambienta picks Lazard for upcoming Nactarome sale
Auction of the Italian producer of natural flavours and ingredients is expected to launch in early 2022
PAI eyeing EUR 2bn Asmodee sale – report
PAI Partners is said to have mandated Goldman Sachs and Natixis to organise the sale
Egeria sells Dutch Bakery to 3i
SBO of the Netherlands-based home-bake and snack products producer ends a four-year holding period
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
TowerBrook hires advisers to explore Infopro exit
Formal launch has not been set yet, but an auction could kick off by Q4 or early next year
Sagard to launch Climater sale in Q4
Sell-side is adamant about holding an auction and unlikely to accept pre-emptive bids
CVC acquires Inflexion-backed Medivet in GBP 1bn deal
Inflexion took a minority stake in the veterinary care provider in December 2016
Nordic Capital and Avista to sell Acino to ADQ
Nordic Capital transferred the company to continuation vehicle Nordic Capital CV1 in 2018
Permira's Exclusive Networks readies EUR 370m Paris IPO
Pricing of the offering is expected to take place on 22 September 2021