Exits
FRANCE - Truffle Venture makes two good exits
Truffle venture has sold its entire stake in IT maintenance business Isis MPP to Eurilogic and has divested about a quarter of its shares in marketing agency Netbooster.
GERMANY - Alantos Pharmaceuticals sold to Amgen for $300m
Heidelberg Innovation, Earlybird and Forbion Capital Partners have exited their stakes in Alantos Pharmaceuticals Holding to US-based biotechnology company Amgen. Under the terms of the agreement, Amgen will pay $300m in cash to acquire Alantos.
SWEDEN - Malmöhus Invest makes 14x on exit of HARDI Electronics
Malmöhus Invest has sold HARDI Electronics AB to Synplicity Inc in California, making a 14x return in cash, and an IRR of 140%.
UK - Graphite Capital sells Avery Healthcare to Southern Cross for £96.5m
Graphite Capital has sold its majority shareholding in Avery Healthcare to Southern Cross Healthcare Group realising returns of 2.7x. The deal values Avery, which owns and operates care homes for the elderly, at ТЃ96.5m. Southern Cross is buying 16 of...
NL - Amsterdam Molecular Therapeutics launches IPO
VC-backed human gene therapy specialist Amsterdam Molecular Therapeutics (AMT) has launched an offering of up to 5 million new shares, for a price range of EUR 8-10.
UK - RBS to sell Southern Water for £4bn
Royal Bank of Scotland is to sell Southern Water for ТЃ4bn. RBS has appointed Deutsche Bank to run a process to facilitate the sale of the water company which supplies homes in Kent, Sussex and Hampshire.
UK - Terra Firma exits Thresher and pension assets of Thorn TV rental business
Terra Firma has sold the 2000-strong off-licence chain Thresher to a team of investors led by Edmund Truell. The deal includes the sale of another of Terra Firma's assets from its first fund, the pension assets of Thorn, the television rental company....
NL - Lehman considers fund-of-funds IPO
Lehman Brother Private Equity has announced it is considering a Euronext Amsterdam listing for a fund-of-funds. Should the launch go ahead, Lehman will invest a substantial portion of its own funds in the vehicle, commit all capital raised through the...
ITALY - Alto Partners exit fashion business Gruppo Arcte
Fund Alto Capital II - managed by private equity firm Alto Partners - has announced the sale of its 90% stake in Gruppo Arcte to the Mariella Burani Group. The buyer is one of the largest Italian luxury groups, with a market capitalisation on the Italian...
UK - Index Ventures profits from CBS acquisition of Last.fm
Index Ventures has seen impressive returns from its year long investment in online social music network Last.fm. Founded in a Vienna basement, Last.fm is now headquartered in London and was acquired for $280m in cash by US television network CBS. It received...
AUSTRIA - Riverside exits PPC Insulators
The Riverside Company has sold insulators manufacturer PPC Insulators to the Italian Seves Group for an undisclosed amount. Following the transaction the Seves Group is expected to record revenues of more than EUR 400m.
LUXEMBOURG - VOXmobile sold for EUR 80m
Listed investment firm BIP Investment Partners has sold mobile network operator VOXmobile to Mobistar for EUR 80m. Mobistar acquired a 90% stake with the balance being held by the company’s founders.
GERMANY - 3i floats SFC Smart Fuel Cell
3i has floated its portfolio company SFC Smart Fuel Cell on the Prime Standard in Frankfurt. A total of 2,395,275 shares were placed at an issue price of EUR 37. The total placement comprises 1,317,990 shares from a capital increase and 726,073 shares...
UK - August Equity exits InterMed in £27.5m sale to Altaris
August Equity has completed the sale of InterMed Holdings Ltd, a UK manufacturer of anaesthesia equipment, to Altaris Capital Partners for ТЃ27.5m. The purchaser is a New York-based private equity firm focused exclusively on the healthcare industry.
UK - Alchemy in exit from ICS Triplex
Alchemy has agreed to sell portfolio company ICS Triplex to Rockwell European Holdings Ltd for ТЃ105m. The sale of the process control systems service company follows Alchemy's disposal of another part of the ICS business in 2005 when it sold Transmitton...
SWEDEN - EQT sells the remaining 15.9% shares in Symrise AG
EQT III has sold its remaining stake in Symrise AG. It used Deutsche Bank as placing agent.
FRANCE - AXA Private Equity sells Larivière to SIG
AXA Private Equity has sold roofing products business Larivière to UK-based company SIG, for around EUR 300m.
FINLAND - Nexit Ventures exits Hantro Products to On2 Technologies
Nexit Ventures have agreed to sell its shares in Hantro Products, a provider of video technology for mobile devices, to On2 Technologies Inc (AMEX: ONT), an international developer of video compression technology.
NORWAY - Verdane makes 5x with Reslab divestment
Verdane Capital Advisors has agreed to sell its 33% stake in Reslab, Resevoir Laboratories AS to Weatherford International, an NYSE-listed company (WFT ticker). The transaction, which will formally close in June, sees Verdane Capital Advisors realising...
GERMANY - TPG exits Freenet Stake to Vatas
TPG has sold its stake in German telecommunications provider freenet AG to a subsidiary of Berlin-based private investment firm VATAS for an undisclosed amount. TPG exited its 12.45% stake and at the same time TPG-Axon exited its 6.22% holding.
GERMANY - Palomon sells D.A.V.I.D. GmbH
Palomon Capital Partners has sold its stake in German software solutions provider D.A.V.I.D. GmbH to Silex Media GmbH for an undisclosed amount.
NORWAY - Nordic Capital sells Nopco Paper Technology
Nordic Capital Fund III has divested Nopco Paper Technology AS, producer and supplier of additives for the pulp and paper industry, to its management and Glitnir for an undisclosed sum. Nordic Capital supported the carve-out of Nopco from Henkel back...
UK - Hermes sells Walbrook to Barclays Bank
Hermes Private Equity has sold independent fiduciary company Walbrook Group Limited to Barclays Bank PLC. Hermes backed the management buyout of Walbrook in December 2003 from Deloitte and in January 2006 Walbrook acquired the Deloitte office in Hong...
FRANCE - MBO Partenaires sells Gamfi to Leica Geosystems
MBO Partenaires has realised its interests in construction lasers manufacturer Gamfi, sold to a subsidiary of Stockholm-listed Hexagon.