Exits
UK - Aberdeen reaps 4x returns from £43m Brookhouse sale
Aberdeen Asset Managers Private Equity has sold specialist aerospace components company Brookhouse Holdings Ltd to Kaman Corporation for £43m, generating returns of 4x the capital invested.
SPAIN – Ahorro Corporación sells electronics firm to Siemens
Ahorro Corporación has sold electronics firm Fábrica Electrotecnica Josa (BJC) to Siemens.
GERMANY – Granville Baird said to exit Balzac Coffee
According to reports, Granville Baird, along with other existing stakeholders, is in advanced talks to exit coffee house chain Balzac Coffee. The interested parties are said to be strategic investors from France and the UK.
GERMANY - 3i sells German portfolio to Heidelberg Capital
3i Group Plc has sold a portfolio of 23 minority stakes in German companies to Heidelberg Capital for an undisclosed sum. This represents the second portfolio of investments 3i has divested in the last two months as part of its plan to sell off small...
SWITZERLAND/FRANCE – Argos Soditic divests food companies after one month
Argos Soditic has agreed to sell Roland Murten AG and Cansimag France SA to Swiss food company Cornu SA for an undisclosed amount. This follows just one month after Argos Soditic acquired the two businesses, together with a third company, Kägi Söhne...
BELGIUM - Carlyle completes exit from Transics
Carlyle has sold its 42.2% stake in Transics, a provider of on-board computers and fleet management solutions for the transport and logistics sector, to Parcom. The transaction consisted of a block trade covering 16.5% of the outstanding share capital...
NORWAY - Altor sells 50% of Lindorff to Investor
Altor has sold 50% of Lindorff Group AB, a debt collections company, to Investor AB in a transaction that values the company at an enterprise value of EUR 1.16bn. Altor retains the remaining 50%.
BELGIUM - GIMV sells five holdings to Becap
GIMV and Halder IV, which is owned by GIMV's subsidiary Halder, have sold five minority shareholdings to BECAP, a fund specialising in secondary transactions. The sales have had a negative impact of -EUR 800,000 on GIMV’s last equity value.
UK - NVM makes 70% IRR from Product Support sale
NVM Private Equity has sold its stake in logistics services supplier Product Support Ltd to Wincanton, realising an IRR of over 70%.
SWITZERLAND – Lion Capital sells Hiestand Holding
Lion Capital has agreed to sell its 32% stake in Hiestand Holding AG, a listed frozen baked products producer, to IAWS Group Plc for approximately EUR 12.7 million new IAWS shares and EUR 30m in cash.
GERMANY - Earlybird to sell dooyoo
Earlybird has agreed to sell consumer report website dooyoo AG to Paris-based e-commerce shopping guide LeGuide.com SA for an undisclosed amount.
UK - Bestport and Close Ventures exit Grosvenor Health in £19.6m sale
Bestport Ventures and Close Ventures have exited their investment in healthcare provider Grosvenor Health Ltd through a trade sale to service company Serco Group for a total consideration of £19.6m.
GERMANY - Ventizz exits ersol Solar Energy for EUR 546.4m
Ventizz Capital Fund II LP, along with its subsidiary Ventizz II Jersey Holding LP, has signed agreements with Robert Bosch GmbH regarding the sale of its holding in ersol Solar Energy AG, amounting to 50.45% of the share capital, for a total consideration...
FRANCE - AtriA divests Rivard
AtriA Capital Partenaires has exited its holding in portfolio company Rivard, a provider of industrial cleaning machines, in a trade sale to Alamo Group Inc.
SWEDEN - Segulah sells its remaining stake in HMS
Segulah II LP has sold its remaining 6.1% stake, corresponding to 649,105 shares, in communication technology supplier HMS Networks AB, which was floated in October 2007. The stake was sold to Latour, an investment firm owned by Gustaf Douglas that already...
NETHERLANDS - NIBC and Fortis sell Sandd
NIBC Capital Partners and Fortis Private Equity have sold their minority stake in Sandd to investment fund Trimoteur, the existing majority shareholder from which they purchased their collective interest in 2005.
FRANCE - 21 Centrale Partners divests Averys
21 Centrale Partners has sold storage systems company Averys to LBO France in a secondary buyout transaction for an undisclosed sum.
GERMANY - Finatem exits Steudle Holding GmbH
Majority shareholder Finatem, together with Invest Equity and the management, has realised its investment in electrical contacts manufacturer Steudle Holding GmbH in a sale to a consortium of investors for an undisclosed sum.
UK - Palamon portfolio company to float
Financial services business Towry Law, which is partially owned by Palamon Capital Partners, is reported to be planning to float in 2008.
GERMANY - Capital Dynamics co-investment team reaps 20x returns from TGE float
Capital Dynamics' co-investment team has exited a substantial portion of its stake in TGE Marine AG, a provider of engineering solutions to the offshore gas industry, through a listing on the London Stock Exchange's AIM market, which raised around £67m...
FRANCE – Colony and Eurazeo seeking to exit Buffalo Grill
Colony Capital and Eurazeo are reportedly seeking to divest restaurant chain Buffalo Grill. The investors staged a EUR 340m public-to-private transaction in October 2005, acquiring a combined 75% stake in the company.