Exits
ITALY - NEIP exit from textile company generates over 35% IRR
Nord Est Investment Partners (NEIP), has sold its 33.79% stake in textile manufacturer Incotex, generating an IRR of 35%.
FRANCE – LBO France rumored to seek sale of Cegelec
It is believed that LBO France has hired Rothschild & Co and Hawkpoint Partners Ltd as advisors for the possible sale of Cegelec, a company it values at EUR 1.8bn.
UK - Aberdeen divests childcare portfolio company
Aberdeen Asset Managers Growth Capital has sold Tender Loving Childcare Ltd (TLC) to Busy Bees Group Ltd, for an undisclosed sum. Aberdeen invested £1.7m of development capital in TLC in October 2000 to fund the rollout of a chain of purpose built nursery...
FRANCE - Argos Soditic exits Dorotennis after a second MBO
In a second MBO, BCBG Max Azria Group acquired Dorotennis in a deal which saw Argos Soditic exit the company. Financial details were not disclosed.
UK - Matrix realises 3.3x from full BBI exit
Matrix Private Equity Partners has realised over 3.3x its original investment of £2.3m through the sale of its shareholding in AIM-listed BBI Holdings Plc. Matrix originally invested in BBI, a healthcare business that focuses on diagnostics and diabetes,...
FRANCE – Platina Finance exits Société Française d’Eoliennes
Platina Finance exited its 25% share in Société Française d’Eoliennes with the sale of the company to Sogernia. Lazard was appointed by Platina and other investors to organise the auction process which saw around 20 offers being placed for Société...
FRANCE – Astorg Partners exits Pizza Pino
Astorg Partners has sold its 76% share of restaurant chain Pizza Pino, valued at around EUR 32m, back to founder André Sfez and businessman Lucien Urano. The deal saw André Sfez use his veto to block an exclusive deal which had been set up between Astorg...
SWEDEN - Venture-backed MySQL sold to Sun Microsystems for $1bn
Benchmark Capital along with Index Ventures, Scope Capital, SAP Ventures, Institutional Venture Partners, Intel Capital, Red Hat and Presidio STX are to realise their investments in MySQL AB through a $1bn sale of the company to Sun Microsystems.
GERMANY - EQUITA exits AKT Altmärker Kunststofftechnik
Equita Management GmbH’s Equita Fonds 2 has sold its minority stake in plastic components manufacturer AKT Altmärker Kunststofftechnik GmbH back to the founding management, which is the majority shareholder of the company. The company is headquartered...
NETHERLANDS - Buyout groups line up for $1bn sale of Exact software
According to reports, Exact Software, a company listed on Euronext Amsterdam, is being auctioned off for $1bn. It is understood that Candover, HgCapital, Hellman & Friedman and Providence Equity Partners have expressed interest in acquiring the company....
UK - ISIS recoups 2.5x from sale of Hawksmere
ISIS Equity Partners has sold Hawksmere Ltd to Kaplan Financial for an undisclosed sum. The exit will yield a money multiple of 2.5x to ISIS clients. London-based Hawksmere is a provider of legal, professional, senior management and compliance training...
ITALY - Palamon sells media player Today Spa
Palamon Capital Partners has exited printed media company Today Spa.
DENMARK - ISS exit on the cards
EQT and GS Capital Partners–backed ISS, the Danish hygiene services company, could soon be ready for a trade sale or listing.
UK - Foresight and SPARK exit software business
Foresight Group and SPARK Venture Management, through its Quester VCTs, has sold software business Nomad Payments Ltd to Metavante Technologies, Inc for $58m. Nomad is a provider of prepaid and debt card processing and licensed software. The exit generated...
UK - Advantage puts mortgage brokers on the block for £50m
Advantage Capital is to divest mortgage brokers portfolio company John Charcol for an estimated price of £50m. Gleacher Shacklock is to run a sale process to facilitate the disposal after Advantage received a number of approaches for the business.
DENMARK - Segulah II sells Kosan Crisplant to United International Bank
Segulah II L.P has sold Kosan Crisplant Holding A/S, a provider of systems and solution for filing and reconditioning of Liquefied Petrolium Gas (LPG) cylinders, to Bahrain-based United International Bank B.S.C (UIB). The terms and conditions of the sale...
UK - Elderstreet achieves partial exit from IPO of Snacktime
Elderstreet Private Equity has achieved a partial exit on its investment in vending machine provider Snacktime Ltd following its IPO on AIM. The company placed just over 2 million shares at 144p a share, raising approximately £3m and representing a market...
GERMANY - Dresden Fonds GmbH sells stake in nAmbition GmbH
Dresden Fonds GmbH, jointly managed by CFH GmbH and SIB GmbH, has sold all stakes of nAmbition GmbH to strategic investor JPK Instruments AG, for an undisclosed sum. Dresden Fonds realised a double digit IRR from the sale. nAmbition develops solutions...
SWITZERLAND - BV Group’s completes sale of Precimed
BV Group has completed the sale of its stake in orthopaedic supplier Precimed Group to US company Greatbatch Inc. The deal was announced at the end of November 2007. BV Group sold its stake of 11.63% for CHF 9.68m. At the same time, the stake held by...
FINLAND - CapMan sells Solid to IBM
CapMan has sold its stake in Solid Information Technology Oy, a software company, to IBM.
UK - Epic Private Equity exits Dolcis
Epic Private Equity has realised its investment in struggling shoe retailer Dolcis. The specialist distressed investor has sold its stake back to management.
SPAIN - Ibersuizas sells 5% stake in construction group
Ibersuizas has sold its 5.5% participation in Fomento de Construcciones y Contratas (FCC) in a deal valued at EUR 381.5m.
UK - Eden Ventures et al. sell Apertio to Nokia for EUR 140m
Seven venture backers have realised their investments in communications infrastructure company Apertio through a sale of the business to Nokia Siemens Networks. The deal values Apertio at EUR 140m and is expected to close in the first quarter of 2008....