Exits
UK - NBGIPE sells heating company to engineering conglomerate
NBGI Private Equity has sold Hamworthy Heating, a designer and manufacturer of commercial heating equipment, to French engineering conglomerate Atlantic Sfdt.
FRANCE – Eurazeo to exit Veolia Environment
Eurazeo is reportedly preparing to exit its 2.1% share in Veolia Environment. Veolia Environment is a supplier of environmental services for water management, energy services, transportation and waste management.
GERMANY – Permira considers Debitel sale
According to reports in the German press, Permira may exit portfolio telecommunications company Debitel via a trade sale to rival Freenet. The purchase price is rumoured to be between EUR 1.4bn and 1.5bn.
SPAIN – Arques Industrie exits from chemical manufacturer
Arques Industries AG has sold its stake in chemical manufacturer Oxiris Chemicals to Ludwingshafener Raschig Gruppe in a deal valued at approximately EUR 10.5m.
ITALY – Clessidra and Intesa acquire 55% of toy manufacturer
Clessidra and Intesa Sanpaolo have acquired a 40% and 15% stake in toy manufacturer Giochi Preziosi respectively. The founder, Enrico Preziosi will retain the remaining 45% stake. The deal represents an exit for 3i.
UK - Finance Wales sells Accountis to Fundtech
Finance Wales has sold electronic presentment and payment systems supplier Accountis to NASDAQ listed Fundtech for an initial £3.8m.
GERMANY – Neuhaus Partners sells blau Mobilfunk
Neuhaus Partners, together with the founders and other investors has agreed to sell blau Mobilfund GmbH to Dutch telecommunications company KPN. The price is rumoured to be in the range of EUR 80m to 100m.
UK - SPARK sells Identum
SPARK Ventures has realised its investment in email encryption technology developer Identum. The terms of the deal have not been disclosed.
SWEDEN - Industri Kapital reaps 3x in EUR 222m exit of ELFA
Industri Kapital has sold electrical components company ELFA to Daetwyler for EUR 222m, reaping a 3x money multiple. The deal also represents an exit for management and the Jensen family.
AUSTRIA - Adcuram sells Battenfeld Group
Adcuram and the liquidator of Battenfeld Group have agreed to sell Battenfeld Group to Austrian company Wittmann.
UK - Endless exits Neville Johnson for £12.5m
Endless LLP has sold furniture designer and manufacturer Neville Johnson Group to Key Capital Partners for £12.5m.
SWEDEN - Ratos completes refinancing of Camfil
Ratos has completed the refinancing of Camfil, returning SEK 450m to investors.
GREECE – Marfin sells 20% of OTE in a EUR 2.5bn transaction
Marfin Investment Group has sold its 20% stake in Greek telephone company OTE to Deutsche Telekom in a deal valued at approximately EUR 2.5bn.
SWEDEN - ESML Interessenter completes Securitas Direct offer
ESML Interessenter has completed the SEK 10.1bn deal for Securitas Direct. The investor obtained 80.1% of the capital and 86% of the voting rights in the company. The acceptance period has been extended to March 28 for those shareholders who have not...
UK - Langholm sells Dorset Cereals
Langholm Capital has sold musli brand Dorset Cereals to Wellness Foods for £50m, generating a reported 4-fold return.
Ireland - Delta Partners and Enterprise Ireland exit Xiam
Delta Partners and Enterprise Ireland have sold their stakes in software company Xiam to Nasdaq listed Qualcomm. Qualcomm has acquired Xiam for $32m.
POLAND - Nova Polonia and FMO sell remaining stake in Praterm
Nova Polonia Private Equity and FMO have sold their remaining stake in Praterm, a company operating in the heating generation sector, to energy services provider Dalkia Poland.
SPAIN- Vista and Carlyle prepare Orizonia IPO
Vista Capital and Carlyle, which own 36% and 55% respectively of online travel agency Orizonia, are preparing the company for a flotation.
GERMANY - Capiton sells Borsig
Capiton AG has sold its stake in Borsig Group to listed Malaysian firm KNM Group for EUR 350m.
DENMARK - Montagu-backed Unifeeder divests freight division
Montagu Private Equity’s portfolio company, Unifeeder, has sold its freight forwarding division to Blue Water Shipping, a Danish freight solutions company, for an undisclosed value.
TURKEY - AIG sells AFM Cinema
AIG investments has sold its 51.91% share in AFM Uluslararasi Film, a cinema and entertainment company, to A1 Group Ltd, the key investment group of Alfa-Group Consortium.
CEE - Arca Capital sells Czech Precision Forge
Slovak Arca Capital has sold its remaining share in Czech Precision Forge, a pilsner engineering company. In April 2003, the fund invested EUR 4.7m in the company.