Exits
Langholm winds up remaining assets in Verdane sale
Sale of WoolOvers, Purity Soft Drinks and Lumene sees Langholm wind up its remaining assets
Carlyle revives USD 1.2bn Hunkemoller sale – report
Initial plans to sell the asset were delayed by the pandemic, Reuters reports
HIG to collect first-round bids for Conet next week
Mid-cap private equity firms are taking an interest in the asset, sources say
Providence to acquire Apax's Marlink for USD 1.4bn
Both firms announced in August that they had entered exclusive negotiations
KKR fully exits SoftwareOne
KKR took 25% in the company in 2015; it listed in 2019 and now has a CHF 4bn (EUR 3.6bn) market cap
Astorg, Goldman Sachs to sell HRA Pharma for EUR 1.8bn
Astorg and Goldman Sachs acquired the French asset for EUR 300m-500m in 2016
PAI buys European Camping Group from Carlyle et al.
SBO reportedly values the camping holiday site operator in the EUR 700m-730m range
Accedo sponsor SEB taps Raymond James for exit
SEB Private Equity acquired a majority stake in the company in June 2016
Livingbridge explores M247 piecemeal sale
Livingbridge reinvested in M247 in partnership with Ares in March 2020
Ardian exits Berlin Brands stake to Bain
Ardian acquired a 40% stake in the e-commerce group in 2015; it is now valued at more than USD 1bn
Marlink to be acquired by Providence
Apax bought the satellite communications company back from Airbus in 2015 for EUR 450m
Waterland sells Atos Kliniken to ICG
Waterland formed the orthopaedic clinic chain via a spin-off from portfolio company Media in 2016
Montagu sells Servelec to PE-backed Access Group
GP acquired the health and social care software developer in a GBP 223.9m take-private in 2018
Palatine exits Verdant Leisure for 3.7x money
Palatine acquired the UK-based holiday park operator in a GBP 40m SBO from RJD Partners in 2016
Guidepost leads USD 150m round for Atheneum Partners
Existing investors including Crosslantic Capital have also backed the research platform
Eurazeo to sell Seqens stake to SK Capital et al.
Exit will see Eurazeo make returns of 1.8x-2x and follows a five-year investment period
Hg buys majority stake in Waterland-backed Serrala
Waterland acquired the B2B financial automation software in 2016 and will retain a minority stake
AGIC to sell Fotona to Vitruvian
AGIC is to retain a stake in the Slovenia-based medical and dental laser company
DBAG acquires Dantherm Group from Procuritas
Procuritas acquired the heating, ventilation and air conditioning company in a carve-out in 2016
TCV-backed Grupa Pracuj files for IPO
TCV owns a 27% stake in the Poland-based recruitment platform, with the remainder held by management
MML sells Sonas Bathrooms to management
MML Growth acquired a minority stake in the Ireland-based bathroom products supplier in 2017
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Bridges exits The Vet in trade sale
Exit is the firm's third since July 2021, following SBOs of Wholebaker and World of Books
Bridgepoint to acquire LanguageWire from Catacap
Catacap acquired the translation and content production software in 2017 via its debut fund