Exits
GERMANY - IK exits Gardena
Husqvarna has signed an agreement with Industri Kapital to acquire Gardena, a manufacturer of gardening tools in Europe. The purchase price amounts to EUR 730m which includes the transfer of debt, shareholder credits and pensions amounting to EUR 416m....
BELGIUM - Cognetas to sell Aliplast Group for €430m
Cognetas, (formerly known as Electra Partners Europe) has announced that it intends to sell Aliplast Group to a consortium backed by Sagard and Ergon for EUR 430m.
NL - Kennet Partners to sell Consul Risk Management to IBM
Kennet Partners Ltd has announced that it intends to sell Consul Risk Management International, a software company for the enterprise and managed security services markets, to IBM. The sale is expected to close in the first quarter of 2007. Kennet first...
UK - Charterhouse-backed Saga makes radio disposal
Charterhouse portfolio company Saga, the specialist service provider to the 50 plus age-group, has disposed of its radio assets. The three radio stations based in the Midlands and Scotland, plus another yet to be launched station, have been acquired by...
ITALY - Cognetas sells Azelis to 3i
Private equity frim Cognetas, formerly known as Electra Partners Europe, announced the sale of Azelis Group to 3i.
FRANCE - FPG-LFPI sells Cognon-Morin to BSN Medical
FPG-LFPI, Lazard's private equity firms, have announced the sale of its 55% stake in phlebological tights manufacturer Cognon-Morin to BSN Medical, for an undisclosed amount.
UK - LDC exits express company ANC through £120m sale to FedEx
LDC has sold UK express transportation company ANC Group to FedEx Corporation for ТЃ120m having acquired it just eleven months earlier for ТЃ37.3m. The original deal in February 2006, saw LDC acquire a 26.25% stake in the company through a refinancing...
UK - Primary Capital refinances YO! Sushi
Primary Capital has refinanced portfolio company YO! Sushi, the Japanese conveyor-belt restaurant brand it backed in a ТЃ10m management buyout in 2003. Over the last three years, YO! Sushi has expanded to 26 sites across the UK and eight international...
SWEDEN - EQT V hits EUR 4.25bn
EQT has closed its latest fund on EUR 4.25bn. EQT V attracted 25% of money from the Nordic region, 30% from the UK and Continental Europe, 25% from North America, and the remaining 20% from the rest of the world. New commitments came from Australia, Canada...
UK - 3i sells Precise Media to Phoenix Equity Partners for £42m
3i has sold UK media monitoring agency Precise Media to Phoenix Equity Partners for ТЃ42m. The sale generated an IRR of 101% and a multiple of 3.2x for 3i, which backed the BIMBO of the company (then known as KBBI) in April 2005. During the holding period,...
SWEDEN - Doughty Hanson sells Tumba Centrum for SEK 550m
Doughty Hanson & Co Real Estate has agreed to sell Tumba Centrum to Citycon for SEK 550m. Tumba Centrum is a 32,000 square metre shopping centre, which also includes the municipal library and art gallery as well as municipal offices and residential apartments....
UK - August sells Securistyle to BoSIF
August Equity has sold UK hardware manufacturer Securistyle Holdings in a $42.3m secondary buyout to Bank of Scotland Integrated Finance. August had invested ТЃ11.3m as part of a management buyout from Dublin-based Allen McGuire in November 2003.
FRANCE - Butler and Cita sell 1001 listes to TF1 for EUR 20m
Butler Capital Partners and Cita Gestion have sold their entire 95% stake in 1001 Listes, a website which coordinates the purchase and delivery of wedding gifts, to Teleshopping, a shopping channel of the TF1 group, for about EUR 20m.
SPAIN - Catalana d'Iniciatives divests stake in Ritz Hotel
Private equity firm Catalana d'Iniciatives has sold its 34.9% shareholding in Barcelona-based Ritz Hotel.
UK - Gresham sells Busy Bees for £71m
Gresham Private Equity has agreed to sell childcare provider Busy Bees to Australian company ABC Learning Centres Ltd in a deal worth ТЃ71m. The exit generated a 3.6x return on Gresham's investment. Gresham first backed Busy Bees in February 2000 with...
FRANCE - Seventure invests in online insurance broker
Seventure, formerly known as Spef Venture, has invested EUR 3m in a EUR 4.2m first round of institutional funding in online insurance broker AssurOne. The remainder was provided by business angels, including Hubert Saltiel, former CEO of Saltiel Assurances...
FRANCE - Apax-owned Outremer Telecom to launch an IPO
Apax France's portfolio company Outremer Telecom is reportedly hoping to float on Euronext Paris.
BELGIUM / ITALY - Cognetas announces disposal of Azelis and Aliplast
Cognetas, formerly known as Electra Partners Europe, is reportedly selling two portfolio companies for a combined EUR 745m.
AUSTRIA – KKR exits remaining stake in Zumtobel
Kohlberg Kravis Roberts & Co has sold its remaining shares in Austrian lighting company Zumtobel Group. The financial investor held a 5.5% stake in Zumtobel after the company’s IPO on the Vienna Stock Exchange (ATX) on 12 May 2006. The transaction was...
UK - Cineworld calls off talks with VUE
It is understood that Cineworld has called off talks with VUE about a possible merger between the two private equity-backed companies in favour of an IPO. Cineworld, backed by Blackstone since 2005, has twice called off a flotation in the last year citing...
GERMANY – Largest IPO in Germany this year
The German flavours and fragrances company Symrise has floated today on the Frankfurt Stock Exchange at an issue price of EUR 17.25, making it the largest IPO in Germany this year. With a freefloat of around 70%, the IPO raised approximately EUR 1.4bn...
DENMARK - Erhvervsinvest sells Roshield for EUR 34.7m
Erhvervsinvest has sold Odense-based Roshield to TenCate for EUR 34.7m. Roshield supplies products that are ready to be installed in vehicles.
BELGIUM - Inustri Kapital sells Consolis to LBO France
Industri Kapital has announced that the sale of Consolis, European market leader in prefabricated concrete, to LBO France. The transaction allows Industri Kapital and its co-investors to generate a money multiple just shy of three times and a triple digit...
ITALY - Capeq Partners and Natexis Cape exit Sial
Private equity firms Capeq Partners and Natexis Cape have announced the sale of their entire stake in dehumidifier manufacturer Sial to Swedish sector player Munters. It is understood that the deal is worth around EUR 19.4m.