Exits
FRANCE - Neuf Cegetal buys venture-backed Erenis
French telecom business Neuf Cegetal announced today it had agreed to acquire Erenis, a telephony and internet services provider backed by Iris Capital, AGF Private Equity, Credit Agricole Private Equity, Net Partner and CDC.
UK - Porton Capital portfolio company Acolyte Biomedica sold to 3M
Porton Capital has sold Acolyte Biomedica, a developer of technology to combat hospital acquired infections to 3M. Porton Capital first invested in Acolyte in 2004, participating in a ТЃ3.7m expansion round. In 2002, BioProjects International led a ТЃ2.6m...
IRELAND - Private equity backed-Smurfit Kappa in EUR 1.3bn IPO
Paper and packaging company Smurfit Kappa is to be listed on the Irish Stock Exchange in a EUR 1.3bn IPO. The company is backed by Madison Dearborn Partners, which owns a 47% stake and CVC and Cinven which own 21% each.
ITALY - Permira and Private Equity Partners exit Marazzi Group
Permira and Private Equity Partners have sold the 8.47% stake it had in tile business Marazzi. The shares were sold at the price of EUR 10.3 each.
UK - Carlyle to complete full exit from Qinetiq
The Carlyle Group is to dispose of its remaining 10.3% stake in Qinetiq, the former Ministry of Defence laboratories. Qinetiq was floated on the main market of the London Stock Exchange with a market capitalisation of ТЃ1.4bn in January 2006 at which...
UK - Bridgepoint to float Safestore
Bridgepoint is preparing a ТЃ700m IPO for Safestore, the self-storage company which has property assets of ТЃ475m. Bridgepoint has already realised ТЃ101m from Safestore through a ТЃ237m recapitalisation carried out by Royal Bank of Scotland and Merrill...
POLAND - FL Group sells Kentpol
FL Group, the private equity arm of Icelandic bank, has fully exited its investment in Polish soft drinks and mineral water company Kentpol to Refresco Holding for an undisclosed sum. Following the transaction, Kentpol will continue to produce under its...
GERMANY - Venture capitalists exit Xignal Technologies
Benchmark Capital Europe, Atila Ventures, BayTech Venture Capital and STAR Ventures have exited their stakes in German data converter developer Xignal Technologies via a sale to US-based National Semiconductor Corporation. The venture capitalists had...
UK - Bridgepoint- and LDC-backed Adams to avoid administration
Bridgepoint- and LDC-backed UK retailer Adams may have attracted a suitor that would save the retailer from administration, although the buyout houses are unlikely to generate any positive returns as a result.
UK - GIMV, 3i and Atlas exit biotechnology company via sale to AstraZeneca
London-based biotechnology company Arrow Therapeutics has been acquired by AstraZeneca in a $150m deal allowing previous investors GIMV, Atlas Venture, 3i, Alta Partners, ITX, Merlin BioMed Group, NIF, Northern Venture Managers, Scottish Widows Investment...
UK - ECI Partners makes 2.6x from Enviros exit
ECI Partners has sold Enviros, an environmental consultancy business, to Alfred McAlpine Plc for ТЃ30m. This represents a money multiple of over 2.6x ECIтs investment. ECI backed the ТЃ17m management buyout of Enviros in 2001. Enviros now boasts a blue...
SWEDEN - EQT sells HemoCue to Quest Diagnostics
EQT II BV has sold HemoCue, a point-of-care diagnostic testing company, to Quest Diagnostics.
NORWAY - Venture-backed Algeta applies for listing
Therapeutics company Algeta ASA has applied for listing on the Oslo Stock Exchange. The company raised NOK 185m in series-A financing from a consortium of investors, including HealthCap, Advent Venture Partners, SR One, and existing investors, Selvaag...
FINLAND - Eqvitec divests Teletekno
Eqvitec funds have sold their stake in Teletekno Oy, a Finnish supplier of telecommunication and network products, to Onninen Oy.
GERMANY - HgCapital sells Hirschmann Automation and Control
HgCapital has sold two subsidiaries of the Hirschmann Group, Hirschmann Automation and Control GmbH, to US company Belden for EUR 245m. The transaction is expected to close in mid-March.
UK - Katalyst Ventures sells Site Confidence for £9.1m
Katalyst Ventures has realised its investment in Site Confidence Ltd, a web assurance performance and monitoring company. The asset has been acquired by NCC Group Plc for a maximum consideration of up to ТЃ9.1m in cash payable in three stages before June...
GERMANY - Baird Capital sells Hahl
Baird Capital Partners Europe has announced the sale of Munderkingen-based Hal to Lenzing Plastics GmbH for an undisclosed amount. The financial investor had acquired Hahl in a management buyout in April 2003 from its US-based parent company.
SWEDEN - Apax sells Mölnlycke to Investor and Morgan Stanley for EUR 2.85bn
Funds advised by Apax Partners has sold surgical and wound care applications provider Mölnlycke Health Care Group (MHCG) to Investor AB and Morgan Stanley Principal Investment (MSPI) for EUR 2,850m.
GERMANY - Lindsay reduces stake in Klöckner
Following the IPO of Klöckner & Co AG in June 2006, US private equity investor Lindsay Goldberg & Bessemer has sold a further 29% stake in the German steel trader. 13.8 million shares were sold at EUR 33 each, valuing the transaction at EUR 455m. Deutsche...
CEE - Private equity eyes up Bulgarian telco… again
Private equity firms are reported to be interested in the Bulgarian Telecommunications Company after Novator, the investment vehicle owned by Icelandic billionaire Thor Bjorgolfsson, brought in Lehman Brothers to advise it. Novator acquired a 65% stake...
NL - Apax to sell stake in PCM
Apax Partners has reportedly sold its 47.5% stake in Dutch publishing firm PCM Uitgevers to Stichting Democratie en Media (SDM), currently owner of 41.9% of the shares.
ITALY - Investors deny sale of SEAT Pagine Gialle
According to reports in the Italian press, Investitori Associati and the other backers of SEAT Pagine Gialle are not looking into selling their joint stake of 50.1% in the directory business this year.
GERMANY - 3i divests Bornemann Pumps
3i has sold its 40% stake in German manufacturer of displacement pumps, Bornemann Pumps to BWK GmbH Unternehmensbeteiligungsgesellschaft and the Bornemann family. The value of the transaction has not been announced.
POLAND – bmp exits Bankier pl
bmp AG has exited its remaining stake in Polish company Bankier pl. The shares were placed with institutional investors for an approximate value of EUR 3.2m.