Exits

GED profits from Corporación Dermoestética IPO

GED Iberian Fund has sold 4.1% of Corporación Dermoestética for EUR 15m through the company’s recent IPO. GED has trebled the value of its initial stake and achieved IRR of 40% on the investment.

VC syndicate sells GylcArt to Roche for SFr 235m

Global Life Science Ventures (GLSV) has announced thatRoche, one of the world’s leading research-focused healthcare groups in pharmaceuticals anddiagnostics, has signed an agreement to acquire privately held GlycArt Biotechnology AG, aportfolio company...

Oxonica achieves £35m market cap on stock market debut

Oxonica has raised approximately £7.1m (net of expenses) through a placing of 8,658,796 new ordinary shares at 95.8 pence per share. In addition, Oxonica shareholders have converted loans of approximately £2m into ordinary shares at 95.8 pence per share,...

3i firm sold to Japanese trade buyer

Sosei Co. Ltd, a leading Japanese biopharmaceutical company with operations in Japan and the UK, announces that it has agreed terms with Arakis and its shareholders to combine its business with Arakis Limited, a private UK-based biopharmaceutical company,...

Duke Street sells French hotel chain

Duke Street Capital, the independent private equity manager, has announced the sale of Financière Galaxie SAS to Eurazeo. Galaxie owns B&B Hotels, the third largest budget hotel chain in France, with further hotels in Germany.

Wellington profits from net mobile IPO

net mobile AG, which has been a Wellington Partners portfolio company since 2003, has gone public at an issue price of EUR 8.50 per share, and already recorded a double-digit rise in the share price on the first trading day. Prior to the launch, net mobile...

Quick exit for Gresham makes 200% IRR

Gresham has announced that it has made a successful exit from ANSA, a national claims management business that offers a fully integrated service to deal with insurersт drainage claims. The move comes just 12 months after Gresham provided the equity backing...

3i exits Zenith with 60% IRR

3i has sold its minority stake in Zenith, one of the UK’s largest independent vehicle leasing companies to Dunedin Capital Partners, in a total deal worth £27m.

Successful IPO for Revus Energy

Revus Energy, the independent Norwegian upstream company, has achieved a successful flotation of its business on the Oslo Stock Exchange with trading of the company's ordinary shares due to commence today.

Logic Control sold to Sage Group

The Sage Group Plc has agreed to acquire Logic Control S.A., a vendor of business management software in Spain, for an enterprise value of approximately £55m, paid in cash. The deal represents an exit for InvestIndustrial, Sagitta and B&S. The acquisition...

Graphite sells LS Group to SIG for £47m

Graphite Capital, the UK mid-market private equity specialist, has sold its majority shareholding in LS Group (LS) to SIG, the leading supplier of insulation, roofing and commercial interiors products. The deal values LS, the bespoke door manufacturer,...

Sigefi Ventures profits from 2 exits in 2005

Sigefi Ventures, which is in charge of the Siparex Group’s venture capital activity, realized EUR 8.5m in capital gains over the first five months of 2005. The capital gains came from the “FCPI” innovation funds and the fund Sudinnova II, all of which...

Meiosys sale success for large VC syndicate

IBM has acquired Meiosys, a privately held company based in Palo Alto and Toulouse. Meiosys provides unique software technologies that enable applications to be dynamically moved from one server or set of servers to others without disruption. Financial...

Hg sells Trados for $60m

HgCapital has announced the sale of Trados Incorporated, the global market leader in globalisation software to the translator and corporate enterprise market to SDL Plc.