Exits
GERMANY - Coca-Cola acquires Blackstone-backed Apollonaris
It was announced last week that Coca-Cola had bought Apollonaris, a German mineral water bottler, from its private equity backers. The Blackstone Group and Lion Capital bought Apollinaris earlier this year as part of the EUR 1.85bn deal for Cadbury Schweppes’...
AUSTRIA - Zumtobel lists 95% of stock on Wiener Boerse
Vorarlberg-based lighting producer Zumtobel has listed on the Viennese Stock Exchange at a price of EUR 20.49 per share.
FRANCE - Spef Venture sells 3D animation software company Eovia
Spef Venture has agreed to sell Eovia to Californian 3D animation company DAZ Productions for an undisclosed sum.
UK - Gresham sells Alstec for £44.9m
Gresham has made a successful exit from Alstec Group Ltd, a support services business. Gresham made a ruturn of nearly 4x its investment in the sale to Babcock International Group Plc for ТЃ44.9m.
UK - CVM sells interest in Applecroft Care
Close Venture Management (CVM) has sold its interests in Applecroft Care Home Ltd in Dover, Kent and Barleycroft Care Home Limited in Romford, Essex, to its partner in the investments.
UK - Rutland floats H&T on AIM
Rutland Partners has realised its investment in H&T Group Ltd for cash through an AIM listing. The enterprise value of H&T on flotation is ТЃ91.9m and the market capitalisation is ТЃ54.2m. The proceeds received by Rutland, after costs and managementтs...
UK - Barclays Ventures exits Integral UK Ltd
Barclays Ventures and Invex Capital have sold their equity stakes in Integral UK Ltd to the existing management team, in a deal valuing the business at ТЃ40m. The exit will generate an IRR in excess of 245%.
SPAIN - 3i exits Faus Group
3i in Spain has sold its 38% shareholding in Faus Group, a manufacturer of laminated flooring and other components for the building and design industries. The total value of the transaction has not been disclosed but the IRR for 3i after nine years is...
UK - Rutland Partners sells Uskmouth Power Station
Rutland Partners has agreed the sale of its entire interest in Carron Energy Ltd, the owner of Uskmouth Power Station to a specially-formed company backed by Deutsche Bank AG and funds under the management of Strategic Value Partners and Trafalgar Asset...
UK - Barclays Ventures exits PropertyFlow
Barclays Ventures has sold its stake in PropertyFlow (deal value not disclosed) to Canadian company MacDonald Dettwiler and Asssociates (MDA). The exit will generate an IRR of 208% for Barclays Ventures. As part of the transaction the Propertyflow management...
SWEDEN - Provider sells Tradera to eBay for SEK 365m
Provider funds, together with remaining shareholdes, has divested Tradera.com, Sweden’s largest market place for internet based auctions. The buyer is eBay, paying SEK 365m in cash plus acquisition costs, net of payments for working capital.
NORWAY - Alliance Venture sells Net4Call to Oracle
Oracle has acquired Oslo-based Net4Call from Alliance Venture, the managing director and other employees. The value of the deal has not been disclosed.
UK - Debenhams lined up for £3bn IPO
The department store group Debenhams is being lined up for a return to the stock market with a price tag of up to ТЃ3bn, little more than two years after being taken private by a private equity consortium comprising CVC Capital Partners, Merrill Lynch...
UK - Carlyle and Atlas exit Orthogon Systems
The Carlyle Group and Atlas Venture have announced that they have entered into a definitive agreement to sell Orthogon Systems to Motorola, Inc. Financial terms of the transaction have not been disclosed.
FRANCE - Duke Street Capital exits Marie Brizard
Duke Street Capital (DSC) has announced today the sale of its 69.3% stake in Marie Brizard & Roger International (MBRI) to French Spirits Group Belvédère, for a total consideration of EUR 397m. DSC took control of MBRI in May 2000 when the family-owned...
GERMANY - Brockhaus sells majority stake in DMS
Brockhaus Private Equity has exited its controlling stake in DMS Dynamic Micro Systems Semiconductor Equipment GmbH. The acquirer, Arcadia Beteiligungen, together with management, plans to support the continued expansion of the firm initiated by Brockhaus....
NETHERLANDS - 3i to exit Refresco
A consortium led by FL Group hf. has signed an agreement to acquire Refresco Holding B.V. (Refresco), the Dutch private label soft drink manufacturer from the investment fund 3i Plc for a total consideration (enterprise value) of EUR 461m.
UK - Ingenious Ventures exits Lionhead Studios
Ingenious Ventures, the private equity arm of Ingenious Media, has realised its investment in Lionhead Studios, a leading video game developer, through a sale to Microsoft Game Studios.
SWEDEN - EQT sells Tradex to Brady Corporation
EQT II has signed an agreement with Brady Corporation, Milwaukee, a world leader in identification solutions and precision die-cut components, to sell Tradex Converting AB. EQT acquired Tradex in May 2000, together with the sixth AP Fund (20%) and the...
GERMANY - 3i floats Magix
3i has successfully backed the floatation of international multimedia software provider MAGIX AG. The company listed on the Frankfurt Stock Exchange on 6 April. The offering was 13.2 times oversubscribed and left 3i with an 11.2% stake in the company...
UK - Atlas Venture-backed Renovo lists on LSE
Renovo, a spin-out from Manchester University, has listed on the London Stock Exchange today. The floatation raised ТЃ50m. Atlas Venture provided seed financing to the company in 2000, assisting Professor Mark Ferguson with the university spin-out. Atlas...
FRANCE - Financial investors retain majority of Legrand following refloat
Wendel Investissement and KKR hold a 60% stake in Legrand following the refloat of the company. The offering was 30 times over-subscribed. The public now holds approximately 20% of the Legrand's capital, with minority shareholders holding the remaining...
NETHERLANDS - ABN AMRO Capital exits RTD to Applus for EUR 193m
ABN AMRO Capital has sold its stake in Röntgen Technische Dienst Holding BV to Applus Services Technologicos SL. The transaction is valued at EUR 193m. ABN AMRO Capital acquired the company from Lloyds Register in 2002. The exit transaction is expected...
ROMANIA - Advent sells Terapia for $324m
Advent International has sold its 96.7% stake in Terapia S.A., Romania’s leading generic pharmaceuticals manufacturer, to Ranbaxy Laboratories Limited for $324m.