Exits
FRANCE - Seloger.com announes IPO
Online housing agency Seloger has announced it will launch an IPO on Euronext's compartment B.
GERMANY – Francotyp-Postalia to float
The German mailing systems solutions company Francotyp-Postalia is to raise up to EUR 191m on the German Prime Standard. The book-building range has been set between EUR 18-22.5, and shares are particularly aimed at institutional investors.
UK - Baird Capital Partners Europe generates 3.5x return on Traffic Support exit
Baird Capital Partners Europe has realised its investment in Traffic Support Ltd, the innovative parking enforcement solutions company. Mouchel Parkman, the integrated support services company, has acquired the business for ТЃ21.5m. Added to a ТЃ4.8m...
UK - Barclays Private Equity's Your Move to float
Estate agency and surveying business LSL Property Services, formerly known as Your Move and held by Barclays Private Equity is planning a ТЃ221m IPO.
UK - Duke Street Capital exits Esporta
Duke Street Capital has realised its investment in Esporta. The racquets and country club focused sports chain has been acquired by the Halabi family trust through an auction process for an undisclosed sum.
SPAIN - Apax and Capital Hemisferio to float Vueling
According to press reports, low-cost airline Vueling is due to float 39% of its capital in the stock exchange in the next few days. The bidding period will run from November 17 - 29. The company's main shareholders, Apax Partners and Capital Hemisferio,...
UK - Bank of Scotland Corporate exits Paymentshield
Bank of Scotland Corporate has realised its investment in Paymentshield Ltd, a supplier of general insurance products to the mortgage intermediary sector. The value of the deal has not been disclosed although it is known that Bank of Scotland Corporate...
UK - Apax exits The Stationary Office
Apax Partners has realised its investment in The Stationary Office (TSO). Britain's largest publisher by volume, which has many high profile contracts with the public sector, has been acquired by corporate information solution provider William Lea, itself...
UK - Amadeus portfolio company agrees $600m merger
Solexa Inc, an Amadeus portfolio company formerly headquartered in Cambridge but now primarily based in California, has entered into a definitive merger agreement with Illumina Inc. Illumina will acquire all Solexa shares in a stock-for-stock transaction...
POLAND - Enterprise Investors exit PEP on the Warsaw Stock Exchange
Enterprise Investors have sold their remaining stake in Polish Energy Partners (PEP) on the Warsaw Stock Exchange. This sale completes the exit of the financial investor from PEP after taking it private in 2005.
GERMANY - Symrise to float by the end of 2006
The German flavours and fragrances company Symrise has announced that it intends to float shares worth EUR 650m in an initial public offering by the end of this year.
GERMANY - Permira exits Premiere
Permira is selling its stake in German pay-TV broadcaster Premiere. The transaction, which involves Permira's remaining 8.44% stake, is valued at approximately EUR 88m.
GERMANY - IPO for Quest for Growth portfolio company Wilex AG
Quest for Growth has announced that Wilex AG, its portfolio company, has successfully placed new shares in its IPO on the Frankfurt exchange. Wilex is a biopharmaceutical company based in Munich, which was founded in 1997 by a team of physicians and oncologists...
SWEDEN - Nordic Capital sells fitness club chain SATS
Nordic Capital Fund IV has entered into a binding agreement to divest fitness club chain SATS to Tryg i Danmark smba. Tryg i Danmark smba invests in companies within the healthcare and security sector. The completion of the transaction is subject to approval...
FINLAND/UK - BioFund exits Ark Therapeutics
BioFund Management Oy has sold all shares of Ark Therapeutics Group Plc, a biopharmaceutical company based in Finland and the UK. Bio Fund Ventures II LP invested in Ark in 2000 and Ark was listed on the London Stock Exchange main list in March 2004....
UK - 3i sells 6% stake in Travelex to majority owners Apax and Standard Chartered
Funds advised by Apax Partners together with Standard Chartered Bank (SCB) have entered into a series of agreements with funds advised by 3i to purchase 3i's remaining 6% stake in Travelex. The transaction is due to complete within the next 5 months....
UK - Aberdeen Asset Managers sells interest in Bond Aviation Solutions
Aberdeen Asset Managers Growth Capital has sold Bond Aviation Solutions Ltd to Alpha Aviation Group. Aberdeen originally led the ТЃ4m management buyout of Bond from Astraeus Ltd, another Aberdeen Asset Managers-backed company, in November 2005. The sale...
UK - Bowmark Capital generates 6.7x return on Medscreen exit
Bowmark Capital has sold its majority interest in drug and alcohol testing services provider Medscreen Holdings Ltd to Concateno Plc, an AIM-listed company. The exit has generated an IRR of 52% and a return of 6.7x for Bowmark Capital.
UK - Langholm Capital portfolio company Just Retirement seeks AIM flotation
Just Retirement, a Surrey-based life assurance group focusing on the provision of financial services to those at or in retirement, has announced its intention to apply for admission to AIM. Just Retirement is seeking to raise approximately ТЃ50m through...
FRANCE - Innate Pharma goes public
Innate Pharma has completed a EUR 33.7m capital increase on Euronext Paris' compartment C. The instiutional tranche was reportedly 2.5x over-subscribed. Bryan Garnier was joint lead manager and joint bookrunner on this transaction alongside Société Générale....
UK - Styles & Wood to float
Aberdeen Asset Managers Private Equity portfolio company Styles & Wood will raise ТЃ72m when it lists next week. The 150p per share IPO will give the shopfitter and retail property services provider a market capitalisation of ТЃ96.7m. Investec has been...
ITALY - MPS Venture and Consilium exit M.F.U
Mps Venture SGR and Consilium SGR have announced the divestment of M.F.U. SpA. The value of the exit proceeds is undisclosed. M.F.U specialises in the supply of integrated logistic solutions. The purchaser is the Anixter Group, a multinational leader...
NL-Newion Investments realises investment in Wisdom Group
Newion Investments has realised its investment in Wisdom Group, comprising Wisdom TMLC and The Missing Link, via a trade sale to Ordina. No financial details have been disclosed, but the acquisition price is in the range of 0.8 - 1.5x the company's turnover....
UK - Aberdeen Asset Managers sells interest in Mining Communications
Aberdeen Asset Managers Growth Capital has sold its interests in Mining Communications Ltd to a consortium of investors including Aspermont, an Australian publisher, and other existing executives and shareholders in Mining Communications. The sale has...