Exits
UK - Mosaic-backed Preston's Fish up for sale
Mosaic Private Equity-backed Preston's Fish Insurance has been put up for sale for a price tag thought to be around £30m, and is said to be attracting interest from regional investors Gresham and LDC.
UK - Clessidra seeks buyer for Prenergy Power
Italian buyout house Clessidra is said to be seeking a buyer for Prenergy Power, a biomass plant.
UK - Duke Street sells Affinity to Priory
Duke Street Capital has sold UK mental healthcare business Affinity Healthcare to The Priory Group for an undisclosed sum.
GERMANY - Permira exits remaining freenet stake in EUR 115m placement
According to press reports, Permira has divested its remaining 10% stake in telecommunications group freenet in a private placement on the Frankfurt Stock Exchange, raising approximately EUR 115m.
FRANCE - Duke Street exits Proclif
Duke Street Capital has sold its remaining 57% interest in Proclif, a private hospital company, to Predica, an insurance division of Crédit Agricole, which has in turn sold the stake on to Australian business Ramsay Healthcare for a reported EUR 87m.
FRANCE - BC Partners-backed Médica prepares IPO
It is understood that BC Partners is readying to list its Paris-based care homes group Médica, with bookbuilding set to commence on 25 January with BNP Paribas, Credit Suisse and Royal Bank of Scotland as bookrunners.
FRANCE – Butler in exclusive talks to sell France Champignon to Bonduelle
Paris-based private equity firm Butler Capital Partners is currently holding exclusive talks with food manufacturer Bonduelle over the sale of its portfolio company France Champignon.
SWITZERLAND - HBM BioVentures sells Ziemer stake for CHF 7m
HBM BioVentures has sold its stake in Ziemer Group Ltd for CHF 7m in cash to other Ziemer shareholders.
UK - SEB Venture Captial et al. exit ShoZu
SEB Venture Capital, Atlas Ventures, Crescendo Ventures and TTP Ventures have all exited their stake in mobile phone application developer ShoZu, via a trade sale to messaging software provider Critical Path for an undisclosed sum.
UK - Goldman Sachs et al. sell SpinVox to Nuance
Goldman Sachs Private Equity, GLG Partners, Blue Mountain Capital and Toscafund Asset Management have all exited their investment in SpinVox, a provider of voice-to-screen messaging solutions, via a trade sale to Nuance Communications in a deal valued...
UK/GERMANY - GI Partners sells Acentic for £30m
GI Partners has sold its 65% stake in entertainment company Acentic GmbH to Philweb Corporation for a total consideration of £30m, including debt.
SPAIN - Aurica sells Telstar stake
Aurica, the private equity arm of Banco Sabadell, has divested its 20% stake in Telstar, a developer of atmospheric technology solutions in the life sciences sector, in a buy-back by the founding family, which is now the sole shareholder in the business.
GERMANY - BWK sells EGO to owners
BWK GmbH Unternehmensbeteiligungsgesellschaft has sold its 20% stake in industrial components maker EGO Group to the owning families Blanc and Fischer.
UK - Duke Street makes Simple 2.7x return on £240m exit
Duke Street has exited its investment in skincare brand Simple via a trade sale to US based beauty business Alberto Culver Company in a deal worth £240m, generating a 2.7x return for the private equity firm.
FRANCE - XAnge sells Vision
XAnge Private Equity has completed its second exit of 2009, selling its interest in software company Vision Objects to US-based strategic buyer DoubleDay Holdings.
GERMANY - BC Partners-backed Brenntag on track for IPO
Reports suggest that the IPO of BC Partners-backed chemicals business Brenntag is to go ahead in the new year, with the private equity owner having mandated Deutsche Bank, Goldman Sachs, JP Morgan and Merrill Lynch to manage the listing, which could raise...
UK - Gartmore cuts IPO share price to 220 pence
Asset management group Gartmore, backed by buyout house Hellman & Friedman (H&F), has dropped its share price to 220 pence on its admission to the London Stock Exchange today, down significantly from its target price range of between 250-330 pence per...
SWEDEN - Accent reaps 5x money on Gryckbo sale to Arctic
Swedish private equity house Accent Equity has sold Grycksbo Paper to Warsaw-listed Arctic Paper for a total consideration of SEK 590-650m, paid in cash and shares.
SWEDEN - CapMan sells Inflight Service to Triton
CapMan has fully exited Inflight Service Interessesenter AB in secondary buyout to private equity firm Triton.
BELGIUM - Gimv sells stake in Clear2Pay to US-based Aquiline
As part of a EUR 50m funding round for Clear2Pay led by US-based Aquiline, Belgian private equity and venture investor Gimv has divested its stake in the online payment solutions company to the US-based private equity firm.
ITALY - 360 Capital, Balderton-backed Yoox IPO raises EUR 27m
360 Capital Partners and Balderton Capital-backed online fashion retailer Yoox has completed a EUR27m IPO on the Star segment of the Milanese stock exchange, a deal that will see the company's private equity owners divest part of their stakes in the business.
BELGIUM - LSP, Sofinnova-backed Movetis completes EUR85m IPO
Life Sciences Partners and Sofinnova Partners-backed pharma business Movetis has raised its EUR 85m target for its flotation on Euronext Brussels, making it the largest IPO in the life sciences sector on this bourse.
GERMANY - Nord Holding sells Perrin to Kitz
Nold Holding has exited its investment in special armature company Perrin in a trade sale to listed Japanese company Kitz Corporation.
UK- August Equity completes Hat Trick exit
August Equity has exited its 45% stake in portfolio company Hat Trick, the television production company responsible for programmes such as 'Have I Got News For You' and 'Whose Line Is It Anyway', via a management buy-back led by co-founder Jimmy Mulville.