Exits
HUNGARY - Riverside exits Salgglas
The Riverside Company has exited Hungarian manufacturer of safety glass Salgglas to CEE Industrial Holdings Ltd. The sale price has not been disclosed, but the exit generated a 4x cash-on-cash return and a gross IRR of 19%.
SPAIN - Mercapital and La Caixa try to sell Occidental again
Mercapital and the other shareholders of hotel chain Occidental have appointed Goldman Sachs to find a buyer for the company.
ITALY - Clessidra sells Societa Gasdotti Italia
Clessidra Capital Partners has sold Societa Gasdotti Italia (SGI) to ABN AMRO Global Infrastructure Fund for EUR 300m, giving returns to the firm of 4x its initial investment and an IRR of around 90%.
DENMARK - NorthCap Partners sells Instadia to Nasdaq-listed Omniture
NorthCap Partners has sold Instadia to Omniture, a web analysis company listed on Nasdaq, for an undisclosed sum. Instadia was founded in 2000 and IVS, which is now part of NorthCap Partners, invested in the company two years later.
ITALY - Cerberus sells the holding of Fila
US-based hedge fund Cerberus Capital Management has sold its portfolio company Sports Brands International, a holding company of sportswear brand Fila.
DENMARK - Venture funds sell Ascio for over DKK 200m
IVS, Nordic Venture Partners and Vækstfonden have sold internet domain name company Ascio Technologies A/S to listed NBT in the UK. The value of the deal is over DKK 200m, with the sellers receiving cash, shares in NBT and options.
UK - 3i and Esprit exit CPS for $35m
Cambridge Positioning Systems Ltd (CPS), a 3i and Esprit Capital portfolio company, has been sold to CSR Plc for a total consideration of $35m. 3i and Esprit, through the Prelude Trust, first invested in CPS via a ТЃ1.75m funding round in 1998. Two further...
SWEDEN - AOL launches $900m offer for VC-backed TradeDoubler
AOL has made a cash tender offer to acquire online marketing solutions company TradeDoubler AB for SEK 215 per share. Funds managed by TowerBrook Capital Partners, Arctic Ventures, Prosper Capital and Four Seasons Venture (now called Verdane Capital)...
SWEDEN - 3i, InnovationsKapital and smac partners sell Nordnav for $75m
3i, InnovationsKapital and smac partners have sold Nordnav, a provider of GPS software solutions for mobile devices, to Camebridge Silicon Radio. The purchase price for all shares in the company is approximately $75m and InnovationsKapital has generated...
UK - Barclays Ventures exits Ancyra in £22m deal
Barclays Ventures has realised its investment in Care Holdings Ltd, an operator of care homes for the elderly which trades as Ancyra Health Ltd. The investor made the exit via a trade sale to Aermid Health Care Ltd following a direct approach to the vendors....
HUNGARY - GMT and Mid Europa sell Invitel for EUR 470m
GMT Communications Partners and Mid Europa Partners have announced that they have agreed to sell Hungary’s second largest fixed line telecoms operator Invitel Távközlési ZRt. to Hungarian Telephone & Cable Corp for EUR 470m. The two financial investors...
GERMANY - ANYCOM floats successfully
The producer of wireless communication accessories based on bluetooth technology has floated 690,000 new shares on the Entry Standard in Frankfurt above the issue price of EUR 8. ANYCOM receives gross proceeds of around EUR 5.5m from the IPO, and will...
SWEDEN - 3i makes 10x its money on Nordic Modular
3i, together with the management of Nordic Modular, has signed an agreement to sell all the shares in Nordic Modular to Kungsleden AB, a Stockholm-listed real estate company. The sale price is approximately EUR 100m and includes the subsidiaries Flexator,...
SPAIN - Apax divests stake in LaNetro Zed
According to reports in the Spanish press, Apax Partners is reported to have sold its 32% stake in LaNetro Zed, a content developer for the mobile and internet industries.
UK - Bridgepoint exits Digica Group
Bridgepoint has realised its investment in outsourcing and management IT services company Digica Group via a sale of the company to Computacenter Plc, the European IT infrastructure services provider. The consideration paid for Digica amounts to ТЃ15.9m,...
UK - ECI sells LateRooms.com for £108m
ECI Partners has sold LateRooms, the online hotels specialist, to First Choice Holidays Plc for ТЃ108m. This represents an IRR of over 500% and a money multiple of over 9x on ECIтs investment in two years.
POLAND – Enterprise Investors exits Opoczno
Funds managed by Enterprise Investors have sold their 46% stake in Poland’s leading ceramic tiles manufacturer Opoczno to Cersanit, a Polish ceramic sanitaryware producer. The full exit yielded gross proceeds of PLN 252m representing a 2.4x investment...
SPAIN - Apax and FManagers sell stake in Everis to management
Apax Partners and FManagers have sold their combined 45% stake in consulting business Everis to its management.
GERMANY - Finatem sells Hügel
Finatem Beteiligungs GmbH has sold a 51% stake in Hügel, a German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed amount. The financial investor had previously acquired the company for approximately EUR 54m in August...
BELGIUM - GIMV signs exclusivity agreement for sale of Kleimar stake
GIMV has reached an agreement with the Greek Navios Maritime Holding to hold exclusive talks on the sale of its stake in shipping company Kleimar. Currently, GIMV owns 24% of Kleimar, which is part of the Sea-Invest group.
GERMANY - Gutbrod Stanz- und Umformtechnik GmbH sold to voestalpine AG
Barclays Private Equity has exited its investment in German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed sum. Barclays Private Equity had previously acquired Gutbrod Stanz- und Umformtechnik in a secondary transaction...
GERMANY - Barclays Private Equity exits Buch & Kunst
Barclays Private Equity has sold its stake in German book retailer Buch & Kunst to the Thalia Group for an undisclosed amount. The financial investor acquired the company in 2001.
GERMANY / France - Taros Capital sells Zarges Tubesca to Granville Baird Funds.
Taros Capital has announced that it has agreed to sell Zarges Tubesca to Granville Baird, for a total consideration of EUR 156m, including financial debt.
ITALY/UK - Apax hands Damovo over to hedge funds
Apax Partners is reportedly being forced to hand over its telecom business Damovo to a consortium of hedge funds, in order to save the company from bankruptcy.