Exits
THE NETHERLANDS - 3i sells UTT in reverse takeover
3i has announced the sale of Rotterdam-headquartered United Transport Tankcontainers Holdings BV (UTT), the international tank container operator, to AIM-listed Interbulk Investments Plc in a net EUR 67m reverse takeover deal.
UK - BP Marsh investee firm floats on AIM
B.P. Marsh & Partners Plc, a niche venture capital provider to early-stage financial services businesses, today announces its first transaction following the companyтs flotation on AIM on 2 February 2006.
GERMANY - Permira and Goldman Sachs line up Cognis for IPO
According to press reports, Permira and Goldman Sachs Capital Partners are shortly expected to announce the IPO of Cognis, a speciality chemicals company.
BELGIUM - KBC and Net Fund Europe sell Club
KBC Private Equity, Net Fund Europe and several private shareholders have concluded an agreement with Distripar on the sale of their entire stake in Club SA, valuing Club at EUR 21m. The transaction is still subject to certain conditions, including the...
NORWAY - Epcon sold to M-I Swaco
3i has sold its stake in Epcon Offshore AS, the leading provider of produced water treatment systems for the oil & gas industry, to M-I Swaco.
GERMANY - HarbourVest and AlpInvest complete German secondary deal
HarbourVest Partners and AlpInvest Partners have announced the completion of a secondary transaction involving the establishment of a new fund, Paragon Partners Secondary LP. As a result of the transaction, Paragon Partners acquired an existing portfolio...
SWEDEN - Oracle buys VC-backed HotSip
Oracle Corporation has entered into an agreement to acquire Swedish HotSip AB, which is backed by 3i, Argnor Wireless Ventures, GO Capital and Ledstiernan.
UK - AdEPT Telecom floats on AIM
AdEPT Telecom has acheived an IPO on the Alternative Investment Market (AIM) of the London Stock Exchange. Overall a total of 5.8 m common shares at a price of 140 pence were placed to institutional and other investors in the UK and Europe. The net proceeds...
GERMANY - Granville Baird exits Westfalia-Automotive Group
Granville Baird Capital Partners has sold its majority stake in the Westfalia-Automotive Group to Odewald & Compagnie. Granville Baird, together with company management, bought an 87.5% stake in the trailor coupling device specialist in 2000.
SWEDEN - Accent Equity divests Nordic Bake-Off to Vaasan & Vaasan
Accent Equity has announced the sale of Nordic Bake-Off to Vaasan & Vaasan, the Finnish Group of bakery businesses owned by CapVest Equity Partners. The value of the deal has not been disclosed, but it is understood that Accent has generated a very good...
GERMANY - 3i sells German betapharm to Dr Reddy's Labs
3i has sold German generic pharmaceutical company betapharm Arzneimittel GmbH to Indian Dr Reddy’s Laboratories Ltd.
UK - Whittan acquired by Stirling Square Capital
Whittan Storage, the UK-based shelf manufacturer, has been acquired by buyout fund Stirling Square Capital Partners for ТЃ90m.
UK - 3i makes 3.4x its money on sale of WiIliams Lea
3i has sold its minority stake in Williams Lea, the leading global provider of customised Corporate Information Solutions, for ТЃ110m to Deutsche Post.
DENMARK - MACH acquires venture-backed End2End
MACH has today announced its acquisition of Aalborg-based End2End. The financial terms of the transaction were not disclosed.
US - Norwegian TANDBERG Television buys venture-backed SkyStream for $80m
Oslo-based TANDBERG Television has signed a definitive agreement to acquire venture-backed SkyStream.
SWEDEN - Nordic Capital and Accent to float KappAhl
Swedish fashion retailer KappAhl, owned by Nordic Capital and Accent Equity Partners, has announced plans to list on Stockholm Stock Exchange on 23 February.
SWEDEN - Ratos to release SEK 577m by refinancing Lindab
Lindab’s owners, including Ratos, will release a total of SEK 1.2bn through a redemption procedure.
FINLAND - CapMan exits from Puulämpö Yhtiöt Oy
Puulämpö Yhtiöt Oy, a portfolio company of CapMan funds Finnventure II, Finnventure III and Finnmezzanine I, will redeem the funds’ ownership in the company.
SWEDEN - Martin Dawes Systems buys venture backed Visual Wireless
Martin Dawes Systems has announced its acquisition of Visual Wireless and the formation of a new international revenue assurance business.
UK - Gresham exits Altair
Gresham has announced that it has successfully exited Altair through the sale of the business to GE Energy.
Alchemy exits Alcentra Group
The Alchemy Investment Plan has announced the completion of the sale of Alcentra Group to The Bank of New York. The exit has enabled Alchemy to return 3.8x to investors and generate an IRR of 57%.
ISIS sells Language Line for £25m
ISIS Equity Partners has announced the sale of Language Line to Language Line Inc for ТЃ25m. Language Line is a UK provider of telephone interpretation services. ISIS invested in Language Line in August 2003 leading a ТЃ15m secondary buyout from ECI....
Charterhouse to exit Lucite
Charterhouse intends to exit its investment in Lucite. The private equity house recently mandated Deutsche Bank to handle the sale after receiving unsolicited approaches from trade buyers. The possible value of a sale has been estimated at ТЃ1.4bn, with...
Tile maker IPO for Permira
Marazzi, the Italian tile maker, is expected to IPO in February with a market value of up to EUR 1.25bn. The company is owned by the Marazzi family and Permira, which holds a 33% interest in the firm. The family is expected to hold around 50% of the company’s...