Exits
GERMANY - EQT Partners sells remaining stake in Togum
EQT Partners has sold its remaining 22.3 percent stake Tognum AG to strategic investor Daimler AG.
CEE – Cerberus to sell BankCZ for EUR160m
According to sources, Cerberus Capital Management is to sell Czech bank BankCZ, a division of Austrian bank Bawag, to German state bank LBBW for EUR160m.
CEE – Advent sells Bolix
Advent International has sold its stake in Bolix, a Polish provider of exterior insulation finish systems, to Indian manufacturer Berger Paints India for a sum believed to be near US$40m.
UK - Geocapital and HgCapital sell loss-making Axiom
Geocapital and HgCapital have sold service fulfillment software Axiom Systems Holding Ltd to Finnish telecom software solutions provider Comptel for £7m in an all-equity deal.
ITALY – BS Private Equity in sale of Radici Film
BS Private Equity has sold packaging specialist Radici Film to Taghleef Industries, which is controlled by Dubai-based Al Ghurair Group.
FRANCE – Blackstone seeking Vitalia Exit
The Blackstone Group is reportedly seeking to divest healthcare clinic operator Vitalia. The company has 46 clinics and generates around EUR 650 million in revenues.
RUSSIA - Ahlstrom sells Wessen
Ahlstrom Capital has sold its 70% stake in Russian electrical accessories manufacturer Wessen Group to Schneider Electric.
DENMARK - Glitnir Total Capital exits Rahbekfisk
Glitnir Total Capital, JSSS and management have exited their investment in Rahbekfisk after a two and a half year holding period. The Danish convenience food manufacturer has been sold to trade buyer Espersen A/S.
ITALY – Investitori-backed Kedrion to float
It is understood that Kedrion, a major manufacturer of plasma derivatives in Italy, 40% owned by Investitori Associaciti IV, has filed for a listing on the Star segment of the Milan stock exchange.
NETHERLANDS - NIBC sells its stake in Vitae
NIBC Capital Partners has sold its stake in recruiting agency Vitae to Manpower.
GERMANY - Blackstone divests its 25% stake in Gerresheimer
Blackstone has sold its 25% stake in Gerresheimer AG, a manufacturer of specialty products made of glass and plastic for the pharma & life science industry.
UK - Elderstreet exits UM Holdings
Elderstreet has exited UM Holdings, the owner of U Mole, a provider of trenchless installation equipment to the utility market. VP Plc, a equipment rental specialist, has acquired the company.
GERMANY – Arques sells Jahnel-Kestermann for more than EUR 20m
Arques Industries AG has sold gear manufacturer Jahnel-Kestermann to South Korean strategic investor PSM Inc for a sum between EUR 20m and EUR 21m.
UK - HgCapital sells Boosey & Hawkes
HgCapital has sold classical music publishing and rights group Boosey & Hawkes to Imagem, CP Masters BV and an independent European music publisher for £126m. Imagem Music is the music publishing fund of Stichting Pensioenfonds ABP.
UK - Candover sells minority stake in Wellstream
Candover has sold its minority stake in offshore drilling pipes supplier Wellstream for £170m.
GERMANY - 3i sells cleantech company hte AG
3i has agreed to divest its stake in German cleantech company hte AG to BASF. The financial details of the transaction have not been disclosed.
ITALY – Alto Partners in industrial manufacturer exit
Alto Partners have sold engineering firm Metalcastello to Mahindra & Mahindra and ICICI Venture Funds Management in a trade sale estimated at over EUR 100m in enterprise value.
UK - CGT changes prompts Towergate sale
Och-Ziff has completed the £100m acquisition of preference shares in Towergate, the insurance underwriter and broker. The transaction comes on the back of an aborted deal with Candover that would have seen the private equity investor acquire a 20 per...
UK - NVM exits TFB for £9m
NVM has exited Technology for Business (TFB), a provider of specialist IT systems for law firms.
ITALY – BS Private Equity in sale of surveillance company
BS Private Equity has sold security firm Sicurglobal to Stirling Square Capital Partners, generating a money multiple of approximately 2.5x.
GERMANY - SHS sells pharmaceutical company Novosis AG
VC funds under the management of SHS Gesellschaft für Beteiligungsmanagement have sold their stakes in Novosis AG to Schweizerhall Holding AG. The deal valued the company at around EUR 90m. Schweizerhall Group has held a 49% in the company since March...
UK - Inflexion sells stake in Tekton for £21m
Inflexion Private Equity has sold it stake in software provider Tekton Group for £21m to Sage.
UK - CGC sells Allen & Heath
Close Growth Capital (CGC) has sold Allen & Heath, a designer and manufacturer of audio mixing consoles to D&M Holdings for an undisclosed sum.