Exits
TURKEY - AIG sells AFM Cinema
AIG investments has sold its 51.91% share in AFM Uluslararasi Film, a cinema and entertainment company, to A1 Group Ltd, the key investment group of Alfa-Group Consortium.
CEE - Arca Capital sells Czech Precision Forge
Slovak Arca Capital has sold its remaining share in Czech Precision Forge, a pilsner engineering company. In April 2003, the fund invested EUR 4.7m in the company.
GERMANY - Waterland sells sds business services for EUR 46m
Waterland Private Equity Investments has sold sds business services GmbH to Affiliated Computer Services (ACS) Inc for EUR 46m, with ACS also assuming liabilities to purchase sds.
UK - BP Marsh-backed Principal Investment Holdings sold for £42m
Private equity firm BP Marsh & Partners has realised its interest in Principal Investment Holdings. Sevenoaks-based Principal, a portfolio manager, has been acquired by Sanlam, the second largest insurer in South Africa, for ТЃ42m.
GERMANY – DEWB to sell stake in 4flow for EUR 6.5m
Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft AG has sold its 44.4% shareholding in 4flow AG, Berlin, to the company's management for EUR 6.5m. The purchase price will be paid in several tranches.
SPAIN - Mercapital and N+1 could sell fitness chain to Virgin
Mercapital and N+1could sell fitness chain Holmes Place to Virgin Active in what would be a EUR 180m deal according to sources.
PORTUGAL - Inter-Risco reaps 7.7x multiple on TvTel exit
Inter-Risco has reaped a 7.7x multiple and 30% IRR on its sale of broadcasting company TvTel to Portugal Telecom Media in a deal valued at approximately EUR 120m.
SPAIN - 3i prepares IPO of Global Energy Services
3i has reportedly retained consulting firm 360 Corporate to prepare the flotation of Global Energy Services.
UK - August Equity portfolio company makes £19m disposal
August Equity portfolio company Planit Holdings has disposed of its computer aided design (CAD) arm Fusion to 20-20 Technologies Inc for ТЃ19m. Fusion specialises in CAD solutions for the retail industry. The sale of Fusion is in line with the original...
UK - DFJ Esprit realises investment in buy.at through sale to AOL
DFJ Esprit has sold its interest in e-commerce marketing business buy.at through a sale of the business to AOL. buy.at will operate as a wholly-owned business unit of Advertising.com, part of AOLтs Platform-A organisation. buy.at, recently named the UKтs...
UK - Octopus realises 2.3x from Gyro exit
Octopus Investments has sold its stake in Gyro, a B2B marketing services business. The exit has generated a return of 2.3x and an IRR of 57.7% on its investment. The exit has been facilitated by an investment of over ТЃ50m from a US private equity house....
FRANCE – Platina Finance exits two windfarm companies
Platina Finance Limited has announced the exit of its Mistral Windfarm I fund from Mistral en Beauce and Ferme Eolienne La Remise des Bruyeres. The two companies which own windfarms and generate 36mw between them were acquired by Poweo and Dutch Infrastructure...
FINLAND - EQT sells Finn-Power Oy to Prima Industries S.p.a
EQT III has sold Finn-Power Oy, a Finnish supplier of flexible and automated sheet metal working machines and manufacturing systems, for an enterprise value of EUR 170m to Prima Industries S.p.a in Italy.
Great exit-pectations
The market has aligned opinions of LPs and GPs: both have dampened exit expectations for 2008
ITALY - Innogest makes close to 200% IRR on exit
Innogest capital has netted an IRR of close to 200% through the sale of its 20% stake in high-tech player Singular ID.
UK - HgCapital sells Sanctuary Spa to PZ Cussons for £75m
HgCapital has sold The Sanctuary Spa Group to PZ Cussons, the consumer products group, for ТЃ75m. The Sanctuary Spa is a female body care brand in the UK. The company also operates The Sanctuary Spa in Covent Garden, which serves over 64,000 guests per...
FRANCE – Wendel rumoured to seek Editis exit
Wendel Investissement is reported to be seeking to divest Editis, the second largest publishers in France. The company is valued at between EUR 750 and 950m.