Exits
CZECH REPUBLIC - Advent sells CCS to FleetCor Inc
Advent International has concluded an agreement to sell its portfolio company CCS Èeská spoleènost pro platební karty a.s. to FleetCor Inc. The deal is structured as a cash and share transaction and will enable Advent to return funds to its investors...
UK - Nikko Principal Investments exits Menzies Hotels Group Ltd
Nikko Principal Investments Ltd (NPIL), has sold the four star hotel chain, Menzies Hotels Group Ltd, to property investors aAIM and R20, for ТЃ180m. This exit combined with the sale of the Salcombe Hotel in the summer of this year, takes the total exit...
GERMANY - TVM Capital exits TravelTainment to Amadeus
TVM Capital has exited its stake in TravelTainment, Aachen, to Amadeus, a global provider of travel and tourism solutions. TVM has backed the company since 2000, when it invested in a series-A financing alongside SWAN Private Equity and tbg. Amadeus was...
UK - Schroders Ventures Life Sciences exits PowerMed via sale to Pfizer
Pfizer Inc has announced it has entered into an agreement to acquire PowderMed Ltd, an Oxford-based company specializing in the emerging science of DNA-based vaccines. PowderMed has developed a unique and proprietary technology to deliver DNA directly...
UK - Hogg Robinson float back on
Permira-backed Hogg Robinson is to be listed after all. The IPO was planned for last week but then pulled at the last minute due to uncertainty in the market.
FRANCE/GERMANY- Astorg sells CIS to Ista International GmbH
CVC Capital Partners' portfolio company Ista International GmbH has acquired 100% of CIS from French GP Astorg Partners and the company's management.
SPAIN - Baring Private Equity Partners sell stake in Clisa-Indulisa
Baring Private Equity Partners (BPEP) and other investors have sold their stakes in cleaning services company Clisa –Indulisa to Danish facility service provider ISS. Although the deal value has not been disclosed, the transaction is believed to be worth...
DENMARK - CapMan exits RGS 90
CapMan funds have sold their stake in Danish RGS 90 A/S to DSV Miljø A/S. RGS 90 provides various recycling and soil treatment services.
UK - Refinancing of Saga paves way for IPO
Saga, the provider of services to older consumers, has been refinanced allowing its backers, Charterhouse, to repay all the company's debt and acquire new debt on more attractive terms. The refinancing is reported to have saved ТЃ32m on interest. It is...
SPAIN - 3i exits Grupo Gesinar
Atisreal, a subsidiary of BNP Paribas Real Estate, acquired 100% of Grupo Gesinar, a player present in both commercial and residential real estate services from 3i and minority shareholders. The transaction value has not been disclosed.
ITALY - TLcom Capital realises investment in Netscalibur Italia
London-based venture capital fund TLcom Capital announced today that it has agreed to sell 100% of Netscalibur Italia to Infracom, a Milan-based private industrial group active in the telecommunications, information technology and mobility businesses....
SPAIN - 3i exits Grupo Gesinar
Atisreal, a subsidiary of BNP Paribas Real Estate, has acquired 100% of Grupo Gesinar, a player present in both commercial and residential real estate services from 3i and minority shareholders. The transaction value has not been disclosed.
ITALY - MPS Venture divests stake in Iseo
Two years after its original investment, MPS Venture has sold its entire stake in lock and hinges manufacturer Iseo Serrature back to the company's founding family for EUR 15m. Iseo Serrature is based in Pisogne (Brescia). It expects to report a turnover...
UK - 3i realises its investment in Vibration Technology
3i has announced the sale of its minority stake in Vibration Technology Ltd, a developer of wireless solutions for the oil, gas and mineral exploration sector, to Sercel, a division of Compagnie General de Geophysique. 3i's proceeds from the sale of ТЃ6m...
SWEDEN - Industrifonden sells LTP for SEK 225m
Industrifonden Cimon Medical, DSM Venturing, management and other private investors have sold Lipid Technologies Provider AB (LTP) to DSM Food Specialties BV for SEK 225m. Industrifonden first invested in LTP in 2001. The company develops, produces and...
SWEDEN - Accent Equity sells Hydrauto to Wipro
Accent Equity has sold hydraulic cylinder manufacturer Hydrauto Group to Indian-listed Wipro Group. Accent entered the company in 2002.
FRANCE - Apax makes almost 4x on sale of Séché Environnement shares
Apax Partners France has generated a money multiple of almost 4x on the sale of its 8.5% shareholding in Séché Environnement, a recycling and waste treatment company listed on Euronext's compartment B. The buyer is Caisse des Depôts.
UK - Permira pulls Hogg Robinson IPO
Hogg Robinson, the Permira-owned business travel company, has had its proposed IPO pulled with sources citing the current state of the market.
GERMANY - Nord Holding sells Alsitan to management
Nord Holding has sold its 80% stake in Alsitan, located in Greifenberg am Amersee to managing partner Hans-Jürgen Specht and his son, Marc Specht.
SPAIN - Vista and Apax divest Itevelesa for EUR 500m
Apax and Vista Capital have sold their entire shareholding in Spanish vehicle inspection company Itevelesa to Australian investment bank Macquarie. The bank, which had been looking for opportunities in Spain since its divestment from road management company...
UK - Clayton, Dubilier & Rice refinances Brakes
Brakes, a food service solution provider and portfolio company belonging to Clayton, Dubilier & Rice (CD&R) is the subject of a ТЃ275m refinancing. The refinancing is lead-arranged by JPMorgan, Credit Suisse and Deutsche Bank, with UBS as co-manager....
FINLAND - CapMan sells Tiimari to Leo Longlife
CapMan funds will sell their stake in holding company Maritii Oy, which has 100% ownership of Tiimari, to Oyj Leo Longlife Plc. Prior to the exit, CapMan funds hold around 83% of Maritii, a company with an enterprise value of approximately EUR 61m.
DENMARK - Vækstfonden and SEED Capital sell AudioAsics
Analog Devices Inc has acquired venture-backed technology company AudioAsics A/S for around $19m in cash. It will pay up to $8m more for the Danish business upon the achievement of certain milestones.
SWEDEN - Private-equity backed Biovitrum goes public
Biopharma company Biovitrum's share will be listed on the O-list of the Stockholm Stock Exchange as of today. The share price has been set at SEK 100, giving the company a market capitalisation of around SEK 4.3bn.