Exits
UK - Carlyle and Net Partners exit bfinance
The Carlyle Group and Net Partners have wholly exited their investment in independent financial services consultancy bfinance through a management buyout led by chief executive David Vafai.
SWEDEN - Carlyle exits SmartTrust
Carlyle has sold its stake in SmartTrust, a developer of infrastructure software for managing and securing mobile services, to German technology group Giesecke & Devrient (G&D).
UK - Matrix receives further proceeds from exits
In spite of adverse economic conditions, small buyout specialist Matrix Private Equity Partners has received deferred consideration on two exits originally completed in 2006 and 2007 - bringing its total IRR on the investments to 40% and 26% respectively.
FRANCE - Giannoni sale cancelled
Condensing technology company Giannoni, which was put on the block in June 2008 and had been courted by a series of buyout houses including LBO France, has been taken off the market.
UK - HSBC Private Equity sells TDG
HSBC Private Equity has wholly exited its investment in Transmission & Distribution Group (TDG), a supplier of partial discharge monitoring systems for electrical utilities and heavy industry, through a trade sale to Qualitrol Corporation for an undisclosed...
SWEDEN - CapMan sells Xlent to management
CapMan has sold its 28% stake in Swedish business XLENT Consulting to company management, backed by activist investor Neqst Partner.
AUSTRIA - Perusa sells Guss Komponenten to mutares
Perusa Partners has sold metal parts company Guss Komponenten GmbH to listed mutares AG for an undisclosed sum.
ITALY – PAI-backed Saeco could be sold to Philips
Market rumours suggest that PAI Partners' portfolio company Saeco, manufacturer of coffee machines, could be sold to Dutch giant Philips.
FRANCE – NI Partners sells Lina’s
NI Partners, part of Natixis Private Equity, has sold its portfolio company sandwich shop chain Lina's to Cogexco, a family holding specialised in the restaurant sector.
UK - Candover-backed Wood Mackenzie on the block
Reports suggest that Candover has mandated Goldman Sachs to find a buyer for energy consultancy company Wood Mackenzie, with the price tag thought to be around £650m.
UK - HitecVision completes Noble exit
Norwegian energy-focused private equity group HiTecVision has exited its invesment in marine and engineering consultancy service Noble Dentonthrough a trade sale to international technical assurance business Germanischer Lloyd for an undisclosed sum.
NORWAY - HitecVision sells Technor to Simtronics
HitecVision has sold portfolio technology company Technor AS to listed sector rival Simtronics for a total consideration of NOK 186.9m payable partly in cash and partly in Simtronics shares. Following the transaction, HitecVision will become Simtronics...
FRANCE - AXA PE et al. exit B3G in EUR 40m deal
AXA Private Equity, BNP Paribas subsidiary Orkos Capital and Partech International have wholly exited their respective interests in B3G Telecom, an IP Centrex specialist, in a EUR 40m sale to Completel, a corporate telecommunications service business...
AUSTRIA - Recap-backed Sariana files for insolvency
Recap Management-backed lingerie company Sariana Fashion GmbH has filed for insolvency.
FRANCE - Former Apax portfolio company rescued by Beaumanoir
Clothing company Beaumanoir has received legal approval for its bid to acquire womens prêt-a-porter fashion brand Morgan, which was formerly backed by Apax Partners but went into administration over the Christmas period.
FRANCE - AXA PE, Partech and Orkos to exit B3G
AXA Private Equity, Partech International and Orkos Capital are set to sell telecommunications company B3G Telecom to Altice for an undisclosed sum.
ITALY - Arca reaps 1.9x returns from Mazzoni sale
Arca Impresa Gestioni has sold its stake in Mazzoni LB to holding Sagittario for an undisclosed sum, a deal that netted the investor a 17% IRR and a cash multiple of 1.9x.
DENMARK - Apax, Permira-backed TDC acquires Fullrate
Danish venture capital firm SEED Capital has sold broadband provider Fullrate to telecommunications company TDC A/S, which is owned by a private equity consortium including Apax Partners and Permira, for an undisclosed sum.
GERMANY - Ventizz sells innovatis AG for EUR 15m
Ventizz Capital Partners has agreed to sell its stake in innovatis AG, a provider of automated cell analysis solutions, to Roche Diagnostics for EUR 15m.
UK - NVM reaps 2.2x money multiple on Pivotal exit
NVM Private Equity has sold laboratory supplier Pivotal Laboratories Ltd to ACM, a clinical laboratory in the US, for an undisclosed sum, reaping a 2.2x money multiple and an IRR of 27%.
GERMANY - Triton's Kampa to file for insolvency
Triton-backed Kampa AG, a listed manufacturer of prefabricated houses, is expected to file for insolvency.
FRANCE - I-Source exits Advestigo
I-Source has sold copyright protection company Advestigo to Hologram industries, a global producer and distributor of high security optical solutions, for an undisclosed sum.
NETHERLANDS - PE-backed NXP to sell wireless chip division
Semiconductor business NXP, which is backed by KKR, Bain Capital, Apax Partners, AlpInvest Partners and Silver Lake Partners, is understood to have sold its wireless chip services business to French smart card provider Gemalto.