Exits

TURKEY - Turkish exit for Advent International

Advent International and its Turkish investment partner, Turkven Private Equity, have sold their 50% holding in Turkish packaged bread producer, Unmas, to the shareholders of their strategic partner, Doruk, for $18 million.

ITALY - Electra Partners to sell Azelis

According to reports in the Financial Times Deutschland, Electra Partners has appointed BNP Paribas to handle the sale of Azelis, an Italian wholesaler of chemicals.

SWEDEN - Industri Kapital sells entire Oriflame holding

The Industri Kapital 1997 Fund has sold its remaining shareholding in Swedish cosmetics company Oriflame Cosmetics SA for SEK 242 per Swedish Depositary Receipts (SDR). The sale corresponds to 4.5% of the total number of shares and votes in Oriflame and...

UK - IPO of Cineworld back on

The Sunday Times reported yesterday that Blackstone is to revive its plans to float Cineworld, Britain's second largest cinema chain. The planned IPO was pulled in June due to market volatility.

CZECH REPUBLIC - Mid Europa sells cable company

Central and Eastern European investor Mid Europa Partners (MEP) has sold its 82% stake in Czech cable company Karneval Media to UPC, the Czech Republic’s number one player. The EUR 322.5m deal saw the bankers of UPC (Deutsche Bank and JPMorgan) take control...

SPAIN - 3i sells its stake in TCB

Private equity firm 3i has sold its 30% stake in logistics operator Group TCB (Terminal de Contenidors de Barcelona), to the family Pérez Maura, owner of shipping management group Pérez y Cía. The deal value has not been disclosed.

UK - Summit sells shareholding in Global Address

The Summit Group, the independent venture capital business specialising in seed and development capital, and its 41.5% owned investment company, Summit Alpha, announce the sale of their investment in Global Address (formerly Optima Database Management...

UK - Quester realises investment in Sibelius

Quester has announced the realisation by Quester VCT Plc of its investment in Sibelius Software Ltd, the leading music applications software company, through its acquisition by Avid Technology Inc, a NASDAQ-listed technology company.

UK - Carlyle et al. exit from Trema

The four largest shareholders in Trema, The Carlyle Group, Investcorp, ABS Ventures and Norks Vekst announced the sale of Trema to Wall Street Systems, a portfolio company of Warburg Pincus. Terms of the transaction were not disclosed. Trema is a leading...

SPAIN - Investindustrial exits Grupo Care

The Spanish branch of Investindustrial has agreed to sell its interest Grupo Care, a Madrid-based residential care company, to the Orpea Group for an undisclosed amount. Grupo Care has reported a turnover of EUR 15.6m last year and expects to reach EUR...

UK - 3i sells portfolio company CH4 Energy Ltd

3i has announced the sale of its portfolio company CH4 Energy Ltd, a privately owned, UK-headquartered E&P company to Venture Production Plc for EUR 224m (ТЃ153m). 3i has been involved with CH4 since its start-up in 2002. 3i provided the initial start...

GERMANY - Equita exits woodwork specialist

Equita has sold a 19.7% stake in German sawmill and wood working enterprise Klenk Holz AG via the Klenk family to WestLB AG. The remaining 10% stake was sold to the Klenk Holz AG itself as treasury stock. Equita was invested in Klenk Holz AG through its...

GERMANY - Auctus Management makes 18x money on Time Partner

Auctus Management has exited a majority share in its temporary recruitment platform Time Partner to Investcorp for approximately EUR 250m. The financial investor made 18x its invested capital which it began building in 2004, yielding EUR 100m from the...

FINLAND - CapMan exits from Matka-Vekka

Funds managed by CapMan have sold Finland’s private travel agency chain Matkatoimisto Oy Matka-Vekka to Icelandic Heimsferdir EHF. The value of the deal has not been disclosed. CapMan funds Finnventure IV and Finnmezzanine II acquired ownership of Matka-Vekka...

UK - Kennet Venture Partners sells Cramer to Amdocs

Kennet Venture Partners Ltd, a venture capital firm focused on the technology sector, had announced the sale of portfolio company Cramer to Amdocs, an industry leader in solutions that enable integrated customer management, for ТЃ205m ($375m). Cramer...

SWEDEN - Procuritas sells NSG Logistics to John Nurminen

Procuritas Capital Partners II has sold NSG Logistics to John Nurminen Oy. John Nurminen Oy has acquired the share capital of NSG Logistics, which means that the company will become the owner of AB SkandiaTransport, SkandiaTransport A/S and Göteborgs...

ITALY - Permira set to list Ferretti

Luxury yacht group Ferretti has confirmed that it will be returning to the Milan stock exchange this year. The IPO, which is likely to happen in the autumn, had been widely anticipated ever since it was purchased by private equity fund Permira and subsequently...

DENMARK - CVC Capital Partners sells DT Group

CVC Capital Partners has announced the signing of an agreement to sell DT Group (formerly Danske Traelast) to Wolseley. Wolseley has bought the leading distributor of building materials for an equity value of EUR 1,498m.

UK - Bridgepoint's Pets at Home in £288m refinancing

Pets at Home, the UK pet food and product retailer, has secured ТЃ288m of new debt facilities following its announcement last week of revenues of ТЃ276.9m and EBITDA of ТЃ40.7m for the year ended 31 March 2006. Following completion of the refinancing,...

BELGIUM - KBC Private Equity sells I-PAC Technologies

KBC Private Equity has signed an agreement to sell its 18.90% stake in I-PAC Technologies, a specialist in the development of new technologies for the plastic packaging industry. InnoConcepts NV, the principal stakeholder, will acquire the stake for EUR...