Exits
SWEDEN - 3i sells its stake in Atea
3i has sold its shareholding in Atea Holding AB, a supplier of IT infrastructure, to Ementor ASA. Ementor buys the entire company for SEK 1,050m.
FRANCE - Medica to float on Euronext
Medica, the third largest French retirement homes company has announced it has submitted documentation to AMF (Autorité des Marchés Financiers) in view of its flotation on Euronext Paris.
FINLAND - Eqvitec sells Saraware
Wipro Technologies has signed an agreement to acquire Eqvitec-backed Saraware Oy in an all cash deal. With a consideration of EUR 25m, the transaction includes upfront cash payment and debt takeover in addition to earn-outs on achieving targeted financial...
UK - Blackstone delays IPO of Cineworld
Blackstone is to postpone the floatation of Cineworld due to stock market volatility. It purchased the 820 screen cinema giant from UGC in 2004. The decision to list Cineworld, which was expected to be worth ТЃ400m on the market, was made on 10 May since...
NETHERLANDS - Gilde to exit Peijnenburg
Gilde Participaties has announced that it is negotiating the sale of Koninklijke Peijnenburg BV to Lotus Bakeries BV. Koninklijke Peijnenburg is market leader in the Netherlands in the market for gingerbread products.
GERMANY - KKR sells mannesmann plastics machinery
KKR and Siemens have agreed to sell Munich-based mannesmann plastics machinery to Madison Capital Partners. US-based Madison, together with the company's management, will purchase 100% of the shares in the world's largest plastics and rubber processing...
UK - Blackstone to float Southern Cross Healthcare Group
The recently volatility of the markets has not deterred Blackstone from their intention to float Southern Cross. Blackstone is hoping the sale will value Britain's biggest care home group which it has owned since 2003 at about ТЃ550m, according to The...
FRANCE - AXA Private Equity set to secure first French take-private of 2006
AXA private Equity has announced an agreement to purchase MAAF Assurances SA's 85.45% share of TLD Group. The French buyout house will also acquire an extra 9.58% from minority shareholders who have irrevocable agreed to tender their shares in AXA's simplified...
FINLAND - CapMan exits Sentera
Finnventure IV, V and V ET funds managed by CapMan have sold their 30.1% shareholding in Sentera Plc to SysOpen Digia Plc for EUR 12.8m. SysOpen Digia Plc paid the main part of the transaction in cash and a small part with the company’s own shares.
UK - Permira to float Hogg Robinson
The Sunday Times reported on the expected IPO of Hogg Robinson over the weekend. Permira took Hogg Robinson private in a 2000 deal worth EUR 640m and now intends to return it to the stock market through a 'competitive' IPO. This controversial route to...
DENMARK - Polaris sells Dansk Droge to Orkla
Polaris Private Equity has entered into an agreement to sell its shares in Dansk Droge to Orkla. The Sports Nutrition companies SPP in Sweden and Finland are not included in this transaction.
UK - Barclays Ventures exits Canada Square Health and Fitness Ltd
Barclays Ventures has completed the sale of Canada Square Health and Fitness Ltd, the operator of the prestigious 'Reebok Sports Club London' in Canary Wharf, to an overseas private investment group for an undisclosed amount.
NORWAY - VC-backed Trolltech applies for listing
Trolltech has filed an application for listing on the Oslo Stock Exchange. Index Ventures owns 22.3% of the company, Teknoinvest 11.1% and Northzone Ventures 4.8%.
NORWAY - NeoMed's Clavis Pharma to go public
Clavis Pharma ASA has applied for listing on the Oslo Stock Exchange and plans to go public this summer. The company, which is backed by NeoMed, plans to conduct an IPO in the order of NOK 200m. The present largest shareholders intend to participate with...
FRANCE - Franco-American placement agent wants to float on Euronext
Triago-X, the leading European placement agent which specialises in secondary transactions, has announced its intention to float on Euronext Paris.
UK - 3i sells stake in Tensar to US-based Tensar Corp
3i has sold its minority stake in Tensar, which provides innovative engineering solutions to a wide range of construction problems, to US-based Tensar Corp in a ТЃ68m deal.
FRANCE - 3i sells its stake in French gas specialist Oldham to US group
3i has realised its interest in Oldham SA, the French leading manufacturer of gas detection and measurement tools. The buyer is Industrial Scientific Corporation, the American leader in this same field.
NL- NPM-Capital sells stake in Keesing Group
NPM Capital and management have reportedly agreed to sell all shares in Keesing Group, a Dutch publishing house, to Telegraaf Media Groep for EUR 81.3m. The debt component is understood to be around 40%.
GERMANY - capiton announces latest divestment
capiton has announced a further divestment following its exit from Hettich in January this year. The financial investor has sold its stake in Essener Hochdruck Rohrleitungsbau (EHR) to Bilfinger Berger AG.
NORWAY - Northzone realises EUR 45m in NextGenTel exit
TeliaSonera AB has acquired 82.3 % of Norwegian broadband provider NextGenTel Holding ASA from Northzone, Geocapital, and the other major shareholders. The offer implies a total value for the entire fully diluted issued share capital of NextGenTel of...
BELGIUM - KBC Private Equity sells stake in CropDesign
KBC Private Equity, along with other shareholders, has sold CropDesign to BASF, a chemical company and world leader in agricultural products and fine chemicals.
FRANCE - Advent International exits from BCS
Advent International has signed an agreement to sell its stake in the bakery and deli specialist BCS.
UK - Partial exit for Candover from Acertec
Acertec starts trading on AIM today allowing Candover to realise part of its investment in the company. Candover participated in the 1999 take-private of the Solihull-based engineering company, investing ТЃ60m for a 95% stake. Following the listing it...
UK - RWE wants Thames Water to float
RWE, the German power group, would rather make its Thames Water subsidiary the subject of an IPO than sell it, according to today's FT. Long-term financial investors are still being considered but a flotation would be preferred according to Klaus Sturany,...