Exits
Main Capital Partners exits Onguard to trade
GP stands to make a double-digit money multiple from the sale of the credit software company to Visma
Cheyne leads Addison Lee recapitalisation, Carlyle exits
Addison Lee's US business has also been acquired by RMA Worldwide Chauffeured Transportation
Montefiore exits Cruiseline in sale to Abénex
Abénex draws capital from its Abénex V fund, which closed on €425m in December 2017
EV Private Equity et al. exit Halfwave to trade
Sale ends an eight-year holding period for EV Private Equity, which bought a 56% stake in the company
BDC's Anaveo buys Azman from Initiative & Finance
Initiative & Finance bought a minority stake in Azman as part of an owner buyout in 2017
Palatine sells Vernacare to HIG
HIG is currently investing from Growth Buyout Equity Fund III, which closed on $970m
Main Capital sells TPSC to PE-backed Symplr
Sale ends a six-year holding period for the GP, which bought TPSC via its €40m Main Capital III fund
TA exits Merian to Jupiter for £370m
Merian had AUM of £22.4bn as at 31 December 2019 and reported EBITDA of £92.8m for 2018
DPE sells stake in PharmaZell to Bridgepoint
Deutsche Private Equity invested in the company in 2013 and began the sale process in August 2019
ECI scores 3.7x on ATG sale to TA
Mobeus also fully realises its investment, having backed ATG since 2008
Amundi PEF, SGCP back Vivalto Vie in capital reshuffle
Azulis Capital exits the care home operator, having backed it since 2015
Springtide, MCI exit Geewa
Geewa's founder and shareholder, Milos Enderle, also sold his remaining 6% stake in the company
Sherpa sells Cegasa Portable Energy to Autlán for €26m
Sale does not include the rest of the Cegasa group, which will continue to be manged by the GP
Cathay sells stake in Datawords to Keensight
GP bought a majority stake in the company along with Keensight and BPI France in 2015
Mobeus sells Biosite to Assa Abloy
Unquote understands the deal value is £25-50m and that the company is EBITDA positive
Alto Partners exits Pastificio di Chiavenna to trade
Sale ends a five-year holding period for Alto Partners, which acquired the company via its third fund
PartnerFonds sells MusikProduktiv to trade
GP invested in the company in 2015 and increased its stake to 60% in December 2017
Nordstjernan sells PriceRunner in management buy-back
Nordstjernan had owned PriceRunner since 2016, alongside Nicklas Storåkers and Karl‑Johan Persson
LDC takes minority stake in Solid Solutions, BGF exits
Banking facilities for the deal have been provided by Muzinich & Co and Santander
Keensight and Pléiade sell SmartTrade to Hg
GPs invested in the company in 2015 and sold their stakes via an auction process initiated in 2019
Cerberus sells Covis Pharma to Apollo
Sale ends a nine-year holding period for the GP, which built Covis through a series of acquisitions
Bain Capital, NBRP invest in Engineering
Sale ends a four-year holding period for Apax, which invested in the company via its eight fund
CBPE exits ABI Holiday Homes
For the year ending in August 2018, ABI reported operating profit of £15.5m from revenues of £117.8m
Preato sells Machinery to portfolio company YE for €18.75m
Preato Capital sells its stake of almost 94% in the deal, which values Machinery at €26.16m
