Exits
CEE - Enterprise Investors sells Romanian supermarket chain to Carrefour
Enterprise Investors ’ Polish Enterprise Fund V has sold 100% of Romanian retail chain Artima to French retailer Carrefour. The transaction valued the company at EUR 55m, which represents an investment multiple of more than 3x. The transaction will close...
UK - BOSIF sees 2.9x return from Beck & Pollitzer
Bank of Scotland Integrated Finance has realised its investment in Beck & Pollitzer Ltd, achieving an overall equity return of 2.9x times funds invested, equating to a realised equity IRR of 48%.
SWITZERLAND - 3i floats u-blox on Swiss Stock Exchange
3i has floated portfolio company u-blox at an issue price of CHF 51 on the Swiss Stock Exchange. The total value of the offering was approximately CHF135.6m. Based on the issue price u-blox has a market capitalisation of approximately CHF 318.4m.
UK - ISIS generates 69.5% IRR from £15.7m Bolden sale
ISIS Equity Partners (ISIS) has wholly exited its stake in communications software provider Bolden James Holdings Ltd in a sale to QinetiQ Group Plc for a cash consideration of ТЃ15.7m, generating an IRR of 69.5% and a 3.11x return on its investment....
FRANCE - Wendel recoups EUR 1bn+ from Bureau Veritas IPO
Wendel has recouped over EUR 1bn from the listing of inspection and certification business Bureau Veritas. The investor has sold down approximately one third of its shares in the company through the IPO, generating an IRR of 46% on its partial realisation....
UK - 3i and Oak Hill-backed Telecity to float
3i and Oak Hill Investors are listing data centre operator Telecity Group on the main market of the London Stock Exchange. The IPO is pricing Telecity shares at 220p each, representing a market capitalisation of ТЃ436m. The flotation of Telecity follows...
CEE - Europa Capital sells City Point Distribution Park to Morley for EUR 71.6m
Europa Capital has sold City Point Distribution Park to Morley's Central European Industrial Fund (CEIF) for EUR 71.6m.
SWEDEN - Segulah floats HMS
Segulah has listed HMS Networks, a Swedish industrial communication company, on the OMX Nordic Exchange for SEK 74 per share. The investor will sold down its shareholding at the time of the listing. Shares in HMS started to trade on 19 October. Segulah...
FRANCE - End in sight for Carlyle's Otor misadventure
After more than seven years of trials and tribulations, Carlyle has reportedly mandated Deutsche Bank to sell cardboard maker Otor.
SWITZERLAND – CapD exits BestinClass to Richemont
CapD Private Equity Partners has sold micro-machining company BestinClass for an undisclosed sum to Compagnie Financiere Richemont.
UK - Octopus and Foresight see 4.4x return on Covion exit
Octopus Private Equity and Foresight Group have seen a 4.4x return from the sale of facilities infrastructure service business Covion. Trade buyer Balfour Beatty Group Ltd acquired Covion for ТЃ33m ending Octopus and Foresight's two year ownership of...
SPAIN - Corpfin sells its stake in Futura
UK-based fund Hutton Collins and the management team of charter airline Futura have purchased Corpfin Capital's majority stake in the business. It is understood that the company's founder Air Lingus is also selling its shareholding.