Exits
SWEDEN - Danske Venture Partners sells Netgiro for $27m
Danske Venture Partners has sold Swedish Netgiro to US e-commerce provider Digital River for $27m in cash. According to press reports British rival Datacash had previously agreed an offer of EUR 10.25m in February. The purchase was put on hold due to...
SWEDEN/UK - Apax and Nordic Capital-owned Capio makes £193m UK disposal
Apax Partners and Nordic Capital portfolio company Capio AB have disposed of the UK operations of the Swedish healthcare company. Capio's UK operations have been acquired by Australian hospital operator Ramsay Health Care for £193m.
UK - LDC sells Telecom Service Centres for £40m
LDC has realised its investment in Telecom Service Centres (TSC) through a sale of the Scottish business to Indian counterpart Hero Ites. The deal values TSC at £40m. Hero Ites, part of Hero Group and with facilities in Delhi, will merge the two businesses...
SPAIN - Dinosol up for sale
Is is widely reported that Permira has mandated JP Morgan for the sale of its supermarket chain Dinosol.
ITALY - Investindustrial recapitalises Ducati
Investindustrial has recapitalised its investment in Ducati in a move allowing a return of over 100% for investors.
UK - Kelso floats Sepura
Kelso Place Asset Management has floated Cambridge-based radio terminal supplier Sepura on the London Stock Exchange for proceeds of £42m.
PORTUGAL - Inter-Risco reaps 2.8x return on its first exit
Fundo Caravela, the private equity fund managed by Inter-Risco, has sold semiconductor manufacturer Chipidea to US-based sector player MIPS Technologies.
SWEDEN - Accent Equity sells EuroFlorist to Litorina Kapital
Accent Equity has sold EuroFlorist, a flower delivery service provider, to Litorina Kapital. Accent has sold all its shares, while the founder Peter Jungbeck and the management are retaining stakes in the business.
UK - Graphite exits PIFC Group
Graphite Capital has realised its investment in PIFC Group, an employee benefits consultancy. The business has been acquired by Thinc Group Holdings Ltd, part of the AXA Group for an undisclosed sum. At the time of the sale, PIFC had reduced its pre-tax...
GERMANY - The Carlyle Group sells Personal & Informatik AG
The Carlyle Group has sold its 66.54% stake in Personal Informatik AG (P&I), a German human resources & software and service vendor provider, to 35 institutional investors in Europe and United States in a book-building process managed by Berenberg Bank.
SWEDEN - Accent Equity sells Wernersson Ost to Tine
Accent Equity has sold Wernersson Ost, a Swedish cheese supplier, together with its management to TINE, a Norwegian dairy producer for an undisclosed sum. Wernersson Ost was founded in 1930 and is Sweden's largest independent importer of specialty cheese....
UK - Close Ventures exits Bold Pub Company
Close Ventures has realised its investment in Bold Pub Company. The exit has generated a IRR in excess of 20% over Close Ventures' three year holding period. Calco Midlands has acquired the business.
ITALY - Sofipa SGR makes partial exit from Colony Sardegna
Sofipa SGR, the private equity arm of Group Capitalia, has made a partial exit from its hotel management interest Colony Sardegna by selling a 49% stake. It is understood that the divestment has generated a money multiple of around 1.5x.
GERMANY - Carlyle and Advent exit HT Troplast
The Carlyle Group and Advent International have sold HT Troplast to Bahrain-based investment firm Arcapita for an undisclosed amount. In January 2005, Carlyle and Advent had acquired the company from RUETGERS AG.
ITALY - Arca Impresa exits Diffusione Italiana Preziosi
Arca Impresa and Meliorbanca have sold their stakes in Diffusione Italiana Preziosi to industrial player Morellato & Sector. The sale value is understood to be EUR 60m and the deal is forecast to close by the end of September. Rothschild assisted...
UK - Endless sells Peter Black for EUR 48m one year on
Just over twelve months on from its acquisition, Endless has sold Peter Black Limited International, a design, sourcing and supply chain management company, to Li & Fung Limited, a Hong Kong-listed trading house. The deal was valued at EUR 48m, excluding...
FRANCE - Carlyle sells Cameca to Ametek for EUR 82m
Carlyle has sold France-based scientific equipment manufacturer Cameca to NYSE-listed Ametek for EUR 82m.
GERMANY - VTC Industrieholding exits TAKRAF
German industrial group VTC Industrieholding GmbH has announced the sale of TAKRAF GmbH to Milan-based Tenova, a fully-owned subsidiary of Techint Group. The deal value has not been disclosed and the transaction is subject to the approval by antitrust...
FRANCE - PAI to sell Yoplait
French large-cap private equity firm PAI partners is reportedly considering divesting dairy products company Yoplait.
SWEDEN - Apax sells Global Refund to BPE for over EUR 360m
Apax Partners has sold Global Refund, a Swedish VAT refund service, to Barclays Private Equity for a sum in excess of EUR 360m. As part of the transaction, the management team will continue to be shareholders in the company.
UK - Penta Capital exits Out of Town Restaurants
Penta Capital has sold Out of Town Restaurant Group (OTRG) to its former owner. The deal is reported to be worth less than £5m. Lawrence Wosskow founded OTRG in 1998 and has now re-acquired it.
SWITZERLAND - BC Partners exits Hirslanden hospitals in $2.36bn deal
BC Partners is reported to have agreed the sale of its Swiss hospitals business Hirslanden. It is understood that South African company Medi-Clinic will acquire Hirslanden in a $2.36bn deal. BC Partners has held the company since December 2002, when it...
SWEDEN - Rutland Partners exits Svensk Pantbelåning AB
Rutland Partners has sold Svensk Pantbelåning AB, a Swedish pawn broker, to Preato Capital, Finland’s largest pawn broker.
DENMARK - Nordic Phytopharma A/S is sold to Scandinavian Clinical Nutrition AB
Scandinavian Clinical Nutrition AB (SCN) has acquired Nordic Phytopharma, a Danish pharmaceutical business and Biolink Capital portfolio company, for SEK 60m including an earn-out. SCN will pay for the pharmaceutical in cash and shares. The acquisition...