Exits
ITALY - 360 Capital Partners to float Yoox
As reported in the most recent edition of Southern Europe unquote" , the flotation of online clothes & accessories retailer Yoox, which backed by 360 Capital Partners, has gone ahead, with the firm expecting to raise up to EUR 226m.
GERMANY - DPE exits SSB Wind Systems
DPE Deutsche Private Equity has sold its shares in SSB Wind Systems to US-based Emerson Electric Co for an undisclosed amount.
FRANCE - NI Partners exits CBM
NI Partners has exited its investment in Car et Bus Maintenance (CBM), a producer of car and bus parts, in a buyout by management and employees supported by local funds Uni Expansion Ouest and Synergie finance.
IRELAND - Bain Capital et al. to divest part of stake in Warner Chilcott
Bain Capital Partners, DLJ Merchant Banking, JP Morgan Partners and Thomas H Lee Partners are reportedly planning to sell off part of their stake in listed pharmaceutical company Warner Chilcott.
GERMANY - BC Partners and Apollo sell Unitymedia for EUR 3.5bn
BC Partners and Apollo Capital Management have agreed to sell broadband cable operator Unitymedia to American telecommuncations giant Liberty Global Inc, in a deal that values the business at EUR 3.5bn.
DENMARK - KKR et al. prepare for TDC sale
KKR, Blackstone, Permira, Apax and Providence Equity Partners, the private equity owners of Danish telecoms group TDC, are reportedly meeting with banks this week to choose an adviser as they look to sell part of their stake in the business, which is...
UK - Maven reaps 50% IRR from sale of Cyclotech
Maven Capital Partners has wholly exited its investment in oil and gas company Cyclotech via a trade sale to M-I Drilling Fluids, part of the Houston-based M-I SWACO group, generating a return of more than 3x money and IRR of over 50%.
NORWAY - Norvestor sells Intelecom to Carrot
Norvestor has wholly exited its investment in Intelecom Group, a provider of outsourced communication services for businesses, through a trade sale to sector rival Carrot Communications for an undisclosed sum.
UK - Accel and Index sell Playfish for up to $400m
Index Ventures and Accel Partners have wholly exited social gaming portfolio company Playfish via a trade sale to Electronic Arts for a consideration of up to $400m, including a $100m earnout.
GERMANY - Advent sells Herlitz to Pelikan for EUR 45m
Advent International has divested its 66% stake in stationary company Herlitz through a sale of the business to strategic buyer Pelikan International Corporation Berhad for EUR 45m.
SWEDEN - Segulah sells Isaberg Rapid to Esselte
Swedish buyout house Segulah has sold staple manufacturer Isaberg Rapid to US-based office supplies company Esselte, owned by Boston-based private equity firm J.W. Childs Associates. Segulah is said to have made a "very good" return on the exit.
UK- Permira in exclusive talks for Montagu's Survitec
Permira is reportedly in exclusive talks to acquire survival equipment maker Survitec from Montagu Private Equity, having gained sole access to the company's books in the last week.
SWEDEN - Priveq and Investor in SEK 3.5bn Orphan exit
Swedish private equity house Priveq and industrial holding Investor Growth Capital has sold drug company Swedish Orphan International to Biovitrum in a SEK 3.5bn deal.
FRANCE - Advent to sell Monext
Advent International looks set to exit its investment in electronic payment company Monext, which it spun out from Experian France in 2008, in a trade sale to Crédit Mutuel Arkéa.
UK - Atlas exits Koodos
Atlas Venture has exited online discount fashion retailer Koodos Ltd through a trade sale to software development company e-trader.
UK- Vision Capital's First Quench goes into administration
Vision Capital-backed First Quench, the owner of the Threshers and Wine Rack chains, has been placed into administration.
FRANCE - Activa sells BFI in EUR 20m deal
Activa Capital has sold BFI Optilas, an electronic equipment company, to UK-listed Acal in a deal that values the company at EUR 20m.
UK - Finance Wales reaps 25% IRR through Abriox buy-back
Finance Wales has wholly exited its investment in monitoring instrumentation manufacturer Abriox Ltd through a managment buyback, generating an IRR of between 25-30%.
UK - TPG exits remaining Debenhams stake in £97m deal
Buyout house TPG has sold its remaining 9% stake in department store chain Debenhams to an institutional buyer for about £97m.
UK - Scale and Balderton- backed ScanSafe sold to Cisco
Web security firm ScanSafe, backed by Scale Venture Partners and Balderton Capital Partners, has been sold to IT giant Cisco for approximately USD 183m in cash and retention-based incentives.
GERMANY – BC Partners and Apollo plan EUR 300m IPO for Unitymedia
According to press reports, BC Partners and Apollo Management are looking to float cable company Unitymedia GmbH. Reports suggest the investors are targeting a market capitalisation of at least EUR 300m.
UK - Hellman seeks Gartmore listing
Global buyout house Hellman & Friedman has added its name to the growing list of investors planning a listing of a strong performing portfolio company, with sources close to the firm suggesting that fund management business Gartmore, in which Hellman...
UK - Hellman seeks Gartmore listing
Global buyout house Hellman & Friedman has added its name to the growing list of investors planning a listing of a strong performing portfolio company, with sources close to the firm suggesting that fund management business Gartmore, in which Hellman...
UK - Duke Street’s may fetch £250m for Simple sale
Reports suggest that Duke Street Capital is looking to sell skincare brand Simple for around £250m, with Goldman Sachs leading the process.