Exits
EQT sells Findus to Capvest portfolio firm
EQT II has signed an agreement with FoodVest, a holding company controlled by private equity firm CapVest Equity Partners, to sell Findus AB. EQT acquired Findus from Nestlé SA in January 2000 and since then has substantially restructured and reshaped...
3i sells Witwood Food stake to management
3i has sold its minority shareholding in Witwood Food Products, a manufacturer of specialist food coatings for the frozen and chilled food industry.
Bridgepoint sells wind farm stake to Acciona
Bridgepoint has sold its stake in Spanish wind farm developer CESA following an offer for the entire business by Spanish construction and energy group Acciona which values the business at EUR 1.47bn. The transaction is subject to approval from Spanish...
BC Partners in lucrative Galbani sale
Groupe Lactalis, a French milk and cheese producer, is reported to have acquired Italian rival Galbani from UK-based buyout firm BC Partners. Although financing terms have not been revealed, the price is estimated to be in the region of EUR 1.5bn.
ECI makes 8x multiple on ClarityBlue sale
ECI Partners, a UK mid-market buyout specialist, has sold ClarityBlue to Experian, a subsidiary of GUS Plc, for £85m. This represents an 8x multiple on ECI’s investment in two and a half years.
Close sells Laybond to Bostik
Close Brothers Private Equity (CBPE) has announced the sale of Laybond Group to Bostik, the global adhesives and sealants company, for an undisclosed sum.
YFM profits from Hargreaves IPO
Shares in Hargreaves Services Plc which floated on AIM earlier this month are now trading at an 20% premium to the 243p per share issue price. The company, a leading provider of bulk materials, principally coal, and support services to the energy and...
Graphite earns 3.2x return on sale of U-POL to ABN AMRO
Graphite Capital, the mid-market private equity specialist, has agreed to sell U-POL, the UKтs leading automotive refinish manufacturer, to ABN AMRO Capital in a deal which values the business at ТЃ75m. The transaction, which is expected to complete in...
3i makes 3.3x money on Warren's sale
3i has announced that it has sold its minority stake in A Warren & Sons Ltd, a leading supplier of industrial products to the construction industry, to the BSS Group. BSS has paid £14m in cash on completion with a further amount of up to £750,000 maximum,...
Dunedin trust profits from Davenham float
Dunedin Enterprise Investment Trust Plc, which specialises in the provision of equity finance for management buyouts, management buyins and growing businesses, has announced that it will realise part of its investment in Davenham Group Plc on completion...
Bridgepoint sells Theatre group
Andrew Lloyd Webber has announced that he has reached agreement to buy the 50% share of Really Useful Theatres owned by joint venture partner, Bridgepoint, for an undisclosed sum. He reiterated his commitment to the future of London’s theatre and £10m...
BancBoston Capital sells lingerie firm for x6 money
London based BancBoston Capital, now part of the European private equity network of Bank of America, has sold its stake in Unity Brands Ltd, the leading specialist lingerie manufacturer, to the incumbent management for a total return of six times its...
3i exits Encon for 5.8x money
3i has sold Encon, one of the UK's leading specialist distributors of insulation products, to Wolseley Plc, the global leader in heating and plumbing supplies and a leading supplier of building materials, in a deal worth £140.5m.
3i sells Republic to Change Capital
3i has sold its minority stake in Republic as part of a ТЃ105m deal that sees Change Capital become the majority shareholder. 3iтs proceeds represent a money multiple of 2.2x and an IRR of 80%.
3i sells stake in recruitment firm
3i has realised its minority stake in recruitment consultancy RK Group Ltd as part of the sale of RK Group Ltd to Quantica Plc, the FTSE listed recruitment and training group, in a ТЃ13m deal. 3i will receive proceeds of ТЃ3.6m, which represents a money...
Petrofac IPO success for 3i
3i has realised over £120m through the IPO of Petrofac, the international oil and gas facilities service provider, on the London Stock Exchange at a market capitalisation of £742m.
Bridgepoint makes 3x money on Virgin Active
Bridgepoint has sold its interest in health and fitness business Virgin Active for £134.5m following an agreement with Virgin Group to acquire its 55% stake.
3i makes 39% IRR on newspaper deal
3i has announced that it has entered into an agreement to sell Local Press Ltd, owner of the Belfast News Letter and Derry Journal, to Johnston Press plc in a £65m deal. 3i will receive proceeds of £40m which represents a money multiple of 1.7x and an...
3i and Bridgepoint sell Care homes firm for £14.5m
3i and Bridgepoint have sold Templecare Ltd, the nursing homes operator, to Minster Care Management Ltd, a privately held care homes company, for ТЃ14.6m.
ISIS sells Assa for 2.5x multiple
ISIS Equity Partners has announced that Assa Training & Learning Ltd has been acquired by Carter & Carter Group Plc. ISIS invested in Assa in September 2003 in support of a management buyout. The original and subsequent investments, totalling ТЃ4m, were...
Graphite sells Equanet to generate 2.2x money
Graphite Capital, the UK mid-market private equity specialist, has sold Equanet, the IT hardware reseller, to DSG Retail Ltd, a wholly owned subsidiary of Dixons Stores Group Plc, for an undisclosed sum.
3i sells UbiNetics to CSR for $48m
3i is selling its stake in UbiNetics to Cambridge Silicon Radio (CSR), the international short-range wireless company, which 3i backed in 1999 and helped float on the London Stock Exchange in April 2004.
Bridgepoint sells Lynx Express to UPS
Private equity firm Bridgepoint has sold its majority ownership of Lynx Express, one of the UK’s largest independent parcel carriers, to the global carrier, UPS. Nuneaton-based Lynx Express, in addition to its parcel delivery service, offers customers...
Spiarex makes 63% IRR on Axiam sale
Siparex SPF III Middle Market fund, which is managed by Sigefi Private Equity, the management company of the Siparex Group, has just sold its shares of Finaixam, the financial holding company of the Aixam group.