Exits
SPAIN - PE-backed Amadeus seeks to amend debt prior to listing
Reports suggest that BC Partners- and Cinven-backed travel agency Amadeus is in negotiations with its lenders to amend the terms on its EUR 5bn debt pile prior to its planned flotation.
GERMANY - Informa pulls out of Springer race
Reports indicate that trade buyer Informa has pulled out of the race for Candover- and Cinven-backed educational publisher Springer Science & Business Media, citing a too short time span to complete the deal.
SPAIN - CAI to remain in Imaginarium
CAI Desarrollo Empresarial, the private equity arm of savings bank Caja de Ahorros de la Inmaculada, is to retain its holding in childrens toy retailer Imaginarium when it floats on Mercado Alternativo Bursátil, Madrid's alternative investment market,...
SPAIN - BC to divest Teknon
It is understood that BC Partners has put Barcelona-based healthcare business Teknon on the block, with the investor reportedly seeking a price tag of between EUR 140-160m.
Floating to the top
The IPO flurry may herald a new dawn in the market - or it could be the result of pressure from LPs for future fundraisings. Deborah Sterescu investigates
FRANCE - 3i cedes PriceMinister venture
3i has ceded its interest in PriceMinister, a price comparison website, back to the founders and current investors Quilvest and Atlas Ventures.
SWITZERLAND – Private equity-backed Sunrise sold to France Telecom
Danish telecom giant TDC, owned by KKR, Apax, Blackstone, Permira and Providence, has sold 75% of its Swiss mobile telecommunication subsidiary Sunrise Communications AG to France Telecom for EUR 1.5bn.
FRANCE - BC and AXA PE to stage Medica IPO
BC Partners and AXA Private Equity homecare company, Medica, is reportedly looking to raise EUR 250m in an IPO early next year.
NORWAY - NeoMed reaps NOK 58m from Clavis placement
NeoMed has sold off its shares in biopharmaceutical company Clavis Pharma, receiving close to NOK 58m.
GERMANY - S-Refit AG sells akt Informationssysteme back to founders
S-Refit AG has sold its shares in software company akt Informationssysteme to the company's founders.
GERMANY - EQT to make EUR 2.6bn offer for Candover's Springer
Swedish buyout house EQT is reportedly lining up a £1bn financing package as part of a takeover bid for Candover- and Cinven-backed publishing business Springer Science & Business Media, which could value the company at around EUR 2.6bn.
GERMANY – Candover and Cinven in talks with Informa about Springer
Reports indicate that Candover and Cinven are in early stage talks with strategic buyer Informa regarding the acquisition of their portfolio company Springer Science + Business Media.
FRANCE - Wendel and KKR stage partial exit of Legrand
Wendel Investissement and Kohlberg Kravis Roberts (KKR) have reduced their shareholdings in Euronext-listed Legrand, an electronics company, from 61% to 50%.
BELGIUM - LSP and Sofinnova prepare Movetis IPO
Life Science Partners (LSP) and Sofinnova Partners-backed pharmaceutical company Movetis is planning an IPO on the Euronext, which could raise up to EUR 112.4m.
UK - Alchemy Partners sells EPS stake
Alchemy Partners has exited its stake in portfolio company Environmental Property Services (EPS) plc, the property installation and maintenance services provider, via a trade sale to MITIE Group for a consideration of up to £38.5m for all the sellers,...
SPAIN – CAI-backed Imaginarium to list on MAB
Children's toy retailer Imaginarium, backed by the Caja de Ahorros Inmaculada private equity arm, CAI Desarrollo Empresarial, is due to list on the alternative market in Madrid, the Mercado Alternativo Bursátil (MAB).
GERMANY – BC Partners' Brenntag shapes up for IPO
News reports indicate that BC Partners' portfolio company Brenntag GmbH is in the process of restructuring its EUR 2.5bn debt to prepare the company for its planned IPO.
UK - Smedvig Capital makes 6.2x money on Protego sale
Smedvig Capital has sold Protego Real Estate Investors to US-based Cornerstone Real Estate Advisers LLC, reaping a total return of 6.2x and an IRR of 58%. No other financial details have been disclosed.
UK - Kelso Place reaps 4x money through partial exit of i2S Group
Kelso Place Asset Management-backed i2S Group Limited, a provider of integrated building control and data communication systems, has sold its controls division, DMS Controls Limited, to US-based Carrier Corporation, a unit of United Technologies Corporation,...
UK - Oxford Capital exits Orthomimetics
Oxford Capital has exited its investment in medical technology company Orthomimetics via a trade sale to TiGenix, for a consideration of EUR 3.7 million new TiGenix shares.
UK - ISIS Equity reaps 4x money on ScriptSwitch sale
ISIS Equity Partners has wholly exited its investment in drug comparison software company ScriptSwitch via a trade sale to US-based healthcare operator UnitedHealth in a deal that values the business at £50m, generating a return of four times money.
DENMARK - PAI looking to list Chr Hansen
Reports suggest beleaguered buyout house PAI Partners is looking to offload its stake in Chr Hansen, a Danish food ingredients business, through an IPO that would value the business at EUR 2bn.
DENMARK - IK and Ratos-backed Superfos offloads US operations
IK Investment Partners and Ratos-owned packaging group Superfos' has sold its US operations, Superfos Packaging Inc., to Berry Plastics Corporation for an enterprise value of approximately USD 82m.
UK - NVM achieves IRR of 21% on Abermed sale
NVM Private Equity has wholly exited its investment in Abermed, the occupational health and remote medical services company, via a trade sale to International SOS, for an undisclosed amount, generating a return of 2x money and an IRR of 21%.