Exits
SPAIN - Nazca makes 53% IRR with sale of tapas chain
Nazca Capital has sold its entire stake in tapas restaurant business Lizarrán Tapas Selectas from Nazca Capital for EUR 22m. The sale has brought an IRR of 53% and a money multiple of 2.3x on the initial investment to the private equity firm. The buyer...
FRANCE - Industri Kapital to sell Ceva Santé Animale
Unquote News can reveal that Ceva Santé Animale is set go on sale. The information was provided by a source close to the deal.
UK - Baird generates 2.2x on exit from Specialist Heat Exchangers
Baird Capital Partners Europe has generated 2.2x its money on its exit from Specialist Heat Exchangers Ltd (SHE). The designer and manufacturer of cooling systems for the automotive and industrial sectors has been acquired for ТЃ9m by Dynamic Technologies...
SPAIN - 3i exits electronic systems business for EUR 33m
After a holding period of eight years, 3i has divested the 33% stake it had in Ikusi, a company active in the design, introduction and management of electronic systems. The exit value is EUR 33m and the buyer is the private equity arm of Corporación Caja...
NORWAY - emgs IPO at NOK 135 per share
ElectroMagnetic GeoServices (emgs) has priced its IPO at NOK 135 per share, and will start to trade today. The price is at the top of the revised price range of NOK 125-135 per share. There has been strong interest in the market, resulting in the offering...
GERMANY - HgCapital exits Hirschmann Car Communication
HgCapital has sold European automotive supplier Hirschmann Car Communication GmbH to its management for an undisclosed amount.
UK - Just Retirement share sale nets £82.6m for Langholm
Langholm Capital has sold an additional 30 million shares in UK life assurance group Just Retirement, netting the investor ТЃ82.6m The 275p price per share represents a significant premium on the initial placement of shares at 148p in November last year....
GERMANY - VITA 34 International floats on Prime Standard
SHS portfolio company Vita 34 has listed 600,000 new shares on the Prime Standard at an issue price of EUR 15 per share. Concord Effekten AG acted as the sole global coordinator with N M Fleischhacker AG being the underwriter.
SPAIN - Nazca to complete sale of tapas chain this week
Press reports suggest that private equity firm Nazca is to complete the sale Lizarrán Tapas Selectas, its tapas restaurant business, to sector player Comess Group this week, for approximately EUR 20m.
NORWAY - Algeta raises NOK 250m in IPO
Algeta, Norwegian Cancer therepeutics successfully closed its IPO at a gross proceeds (before over-allotment) of NOK 250m. The offering was more than twice over-subscribed and was priced in the upper half of NOK 47 per share. The offering took place in...
GERMANY - Neuhaus Partners exits Gentleware
Neuhaus Partners GmbH has sold Gentleware AG to software house b+m Informatik AG. The transaction value has not been disclosed, but company founder Dr Marko Boger remains invested with a 25% stake.
SWEDEN - Industry Capital sells Prevesta to Block Watne Group for SEK 1.9bn
Block Watne Group (BWG), one of Norway’s leading housebuilders and listed on Oslo Børs, has entered into an agreement with Industri Kapital's 2004 Fund to buy 100 per cent of the shares in Prevesta, Sweden’s leading producer of prefabricated houses with...
UK - Apax cashes in on wafer firm
Apax Partners is believed to have made a profit of ТЃ25m on the sale of Wales-based silicon wafer reclamation group Pure Wafer.
UK – Apax and Permira seek New Look suitor
Apax Partners and Permira are reportedly expecting up to ТЃ2bn for the sale of portfolio company New Look, a UK fashion retailer. The private equity backers have mandated Merrill Lynch to explore options for the company, which they jointly hold two thirds...
US - Blackstone files for IPO
The Blackstone Group has filed for a partial flotation, in a move which could value it at up to $40bn. The firm filed to raise $4bn in a 221-page public offering prospectus, revealing interesting insights into its accounts in the process. Blackstone...
ITALY - 3i to float Giochi Preziosi in 15 months
According to Italian press reports, toy manufacturer Giochi Preziosi is to list in the Milan Stock Exchange before the end of H1 2008.
UK – ABN Amro makes 47% IRR on £438m Park Resorts sale to GI Partners
ABN Amro Capital has yielded a 47% IRR and money multiple of 2.4x on the sale of UK caravan park business Park Resorts Group to GI Partners for ТЃ438m. ABN Amro acquired GB Holiday Parks in November 2004 for ТЃ105m and only a month later bolted on Park...
FRANCE - Rexel launches EUR 1.015bn IPO
Private equity-backed electrical equipment distributor Rexel has submitted details of its planned IPO to the French financial market authorities.
ITALY - Argan and Merrill Lynch considering N&W flotation
Press reports suggest that Argan Capital and Merrill Lynch are considering the IPO of its vending machine interest N&W Global Vending this year.
CEE – Royalton generates 3.6x money multiple on sale of Ella Bank
Dedicated Central and Eastern European investor Royalton Capital Investors has sold its entire stake in Ella Bank to generate a return of 3.6x money invested and an IRR of 39%. The Hungarian retail bank was sold by Royalton and EDHI to AXA Holdings Belgium....
GERMANY - Emerald Technology Ventures makes two exits
Emerald Technology Ventures, formerly SAM Private Equity, has exited two separate investments in German clean technology companies. The financial investor recently divested its remaining holding in Schmack Biogas, nine months after the company’s IPO on...
UK - CBPE exits UTI
Close Brothers Private Equity has announced the sale of United Transport International Limited to InterBulk Investments plc for ТЃ80m. The transaction is CBPE's third realisation in 5 months, its previous one being the EUR 311m sale of Moody International...
GERMANY - Vita 34 to float end of March
SHS Gesellschaft für Beteiligungsmanagement mbH, has announced it will float its portfolio company Vita 34 International AG on the Prime Standard in Frankfurt on 27 March. Concord Effekten has been appointed as lead manager and Deutsche Apotheker – und...
UK/IRELAND - Madison Dearborn, CVC and Cinven in partial exit from Smurfit Kappa through IPO
Madison Dearborn Partners, CVC and Cinven are to reduce their combined stake in cardboard box manufacturer Smurfit Kappa following a joint listing on the London and Dublin Stock Exchanges. The pricing of the shares in the grey market ahead of the official...