Exits
FRANCE - Abénex and L Capital sell Nutrition & Santé
Abénex Capital and L Capital have sold health food producer Nutrition & Santé to Otsuka Pharmaceutical Co, a Japanese drug, food and drinks maker.
GERMANY - Perusa sells Buderus Kanalguss to MeierGuss
Perusa Partners has sold Buderus Kanalguss GmbH to strategic investor MeierGuss for an undisclosed amount.
UK - HgCapital sells Orbiscom for $100m
HgCapital has sold payment solutions provider of Orbiscom to Mastercard for approximately $100m.
FRANCE - Apax-backed Morgan falls into administration
Women's prêt-a-porter clothing brand Morgan, which is backed by Apax Partners, has gone into administration.
UK - Indigo sells Sorex
Indigo Capital has wholly exited its holding in pest control company Sorex Holdings Ltd in a trade sale to German chemical group BASF for an undisclosed sum.
UK - ECI completes £115m sale of Racal
UK mid-market buyout house ECI Partners has wholly exited its investment in Racal Acoustics, a provider of specialist hearing protection and communications products, in a £115m sale to strategic buyer Esterline Technologies Corporation.
UK - Advent Venture sells Thiakis
Advent Venture Partners has sold biotechnology company Thiakis Ltd to Wyeth Pharmaceuticals for £100m.
AUSTRIA - 3TS Capital Partners exits PXP Software AG
3TS Capital Partners has divested its majority stake in PXP Software AG to the company's management.
CIS - East Capital sells its 10% stake in Severnaya Kazna
East Capital Financials Fund has sold its 10% stake in Yekaterinburg-based Severnaya Kazna to the bank's new majority shareholder, Alfa-Bank, Russia, for EUR 27m.
NETHERLANDS - IK exits Wehkamp
IK Investment Partners has sold Dutch online shopping site Wehkamp to a group of private investors for an undisclosed sum.
Finding your way out
Doing deals is tough in the current market; exiting may be even tougher
FINLAND - Via Venture et al. sell OptoGaN to Russian industrial investor
Via Venture Partners, VNT Management and Finnish Industry Investments Ltd, have wholly exited light emitting diodes (LED) chip company OptoGan Ltd to a group of Russian industrial investors led by the private investment fund ONEXIM Group.
SWEDEN - STING Capital exits HULU
The Swedish venture firm, linked to Stockholm Innovation & Growth, has sold HULU Sweden, a developer of wireless technology, to the Norwegian telecommunication business Gipz AS.
UK - NVM yields 2.6x money from Stainton sale
NVM Private Equity has sold street lighting columns manufacturer Stainton Metal Company Ltd to Valmont Industries, a NYSE-listed group whose manufacturing activities include lighting and traffic poles, for an undisclosed sum, generating an initial return...
SPAIN - Inveralia divests Grupo Zena
Inveralia has sold its minority stake in restaurant group Zena to an undisclosed strategic investor.
SWEDEN - 3i divests stake in Boxer
3i has sold its 30% stake in Nordic digital television company Boxer TV-Access AB to majority stakeholder Teracom, the Swedish government-owned media operator, for an undisclosed sum.
BELGIUM - KBC et al sell Oleon
KBC Private Equity, Fortis Private Equity, Ackermans & van Haaren, Mercator Verzekeringen and Jan De Clerck, have sold 100% of the shares in chemicals business Oleon to Sofiproteol, a French company active in the production and transformation of vegetable...
FRANCE - Butler Capital sells SNCM stake
Butler Capital Partners has sold its 38% stake in shopping group SNMC to strategic buyer Veolia Transport for an undisclosed sum.
UK - Charterhouse exits Lucite in USD 1.6bn deal
Charterhouse Capital has agreed to sell Lucite International, a manufacturer of acrylic based products, to Mitsubishi Rayon Co in a trade sale valued at USD 1.6bn.
SWEDEN - Accent reaps 3x return from Annas exit
Accent Equity Partners has sold Annas Pepparkakor, a Swedish cookie producer, to Belgian strategic investor Lotus Bakeries for an undisclosed sum, reaping a 3x money multiple over the course of the investment.
FRANCE - IDI exits Armor
IDI and IPO have sold their respective stakes in chemicals company Armor to Orfite.
FRANCE - AXA closing in on Skyrock sale
According to reports, AXA Private Equity may have found a suitable buyer for radio station Skyrock in the shape of TF1, the French television company.
UK - Inflexion achieves 2x return from Ilchester Cheese sale
Inflexion Private Equity has sold Ilchester Cheese, a producer and exporter of fine quality speciality cheeses, to Norwegian milk co-operative Tine BA for an undisclosed sum, generating a money multiple in excess of 2x and an IRR in the mid twenties over...
GLOBAL - KKR delays listing
Kohlberg Kravis Roberts & Co (KKR) has delayed its plans to go public for a second time this year, blaming the current market conditions.