Exits
FRANCE - AXA Private Equity sells Larivière to SIG
AXA Private Equity has sold roofing products business Larivière to UK-based company SIG, for around EUR 300m.
FINLAND - Nexit Ventures exits Hantro Products to On2 Technologies
Nexit Ventures have agreed to sell its shares in Hantro Products, a provider of video technology for mobile devices, to On2 Technologies Inc (AMEX: ONT), an international developer of video compression technology.
NORWAY - Verdane makes 5x with Reslab divestment
Verdane Capital Advisors has agreed to sell its 33% stake in Reslab, Resevoir Laboratories AS to Weatherford International, an NYSE-listed company (WFT ticker). The transaction, which will formally close in June, sees Verdane Capital Advisors realising...
GERMANY - TPG exits Freenet Stake to Vatas
TPG has sold its stake in German telecommunications provider freenet AG to a subsidiary of Berlin-based private investment firm VATAS for an undisclosed amount. TPG exited its 12.45% stake and at the same time TPG-Axon exited its 6.22% holding.
GERMANY - Palomon sells D.A.V.I.D. GmbH
Palomon Capital Partners has sold its stake in German software solutions provider D.A.V.I.D. GmbH to Silex Media GmbH for an undisclosed amount.
NORWAY - Nordic Capital sells Nopco Paper Technology
Nordic Capital Fund III has divested Nopco Paper Technology AS, producer and supplier of additives for the pulp and paper industry, to its management and Glitnir for an undisclosed sum. Nordic Capital supported the carve-out of Nopco from Henkel back...
UK - Hermes sells Walbrook to Barclays Bank
Hermes Private Equity has sold independent fiduciary company Walbrook Group Limited to Barclays Bank PLC. Hermes backed the management buyout of Walbrook in December 2003 from Deloitte and in January 2006 Walbrook acquired the Deloitte office in Hong...
FRANCE - MBO Partenaires sells Gamfi to Leica Geosystems
MBO Partenaires has realised its interests in construction lasers manufacturer Gamfi, sold to a subsidiary of Stockholm-listed Hexagon.
UK - 3i sells stake in Corpro to SCF Partners
3i has sold its 49.5% stake in oilfield services company Corpro to SCF Partners. The exit generated an IRR of 22% for 3i, which backed the £2m management buyout of the company in 1998. Since the deal, Corpro has expanded internationally and now operates...
UK - Aberdeen exits coach manufacturer Plaxton reaping 2.6x return
Aberdeen Asset Managers Private Equity has realised a 2.6x return on its exit from coach manufacturing portfolio company Plaxton. The business has been acquired by Alexander Dennis Ltd for an undisclosed sum.
SPAIN - Dinamia makes profit of EUR 18.2m from Capital Safety exit
Dinamia Capital Privado has sold the 8.16% stake it had in Capital Safety Group to Candover for around EUR 21m, realising a profit of approximately EUR 18.2m for investors.
FRANCE - Acto makes 50% IRR and 4x its money on Odalys sale
Acto (formerly known as Finama Private Equity) has sold its stake in tourism residences business Odalys.
UK - 3i Quoted to list
3i Group will list its new Quoted Private Equity arm on the London Stock Exchange in June. The firm will issue shares at £8, aiming to raise at least £400m in the offering. 3i Quoted Private Equity was set up to invest in listed companies and...
SWEDEN - EQT lists Nederman with strong interest in the market
EQT has listed Nederman on Stockhom Stock Exchange, receiving noteworthy interest in the market.Through a bidding process, the final price offer was set at SEK 87 (EUR 9.4) per share. The public offering, which compromised a total of 7,381,898 shares,...
SWEDEN- Industrifonden sells shares in XCounter
Industrifonden has sold their shares in XCounter, a medical equipment company listed on AIM. Industrifondens stake, which amounted to 4,74%, was sold for SEK 42m.
FINLAND - 3i sells shares in Wicom to SAP
3i has agreed to sell its shares in Wicom to SAP. At the same time the other investors and the Wicom management are divesting their shares, hence SAP will become the sole owner of the business. Wicom specialises in IP telephony for businesses, servicing...
GERMANY - Halder exits PRÜM-GARANT Holding
Halder Beteiligungsberatung GmbH has sold PRÜM-GARANT to Swiss industrial company Looser Holding AG for an undisclosed amount. Halder acquired PRÜM-Türenwerk GmbH in August 2004, and merged the company with its other acquisition GARANT Türen- und...
BALTICS - BaltCap exits UAB Daily Services yielding 35% IRR
BaltCap has sold its minority position in UAB Daily Services, a Baltic office supplies logistics company, to Agias Holding SIA. BaltCap recived 35% IRR on the investment.
ITALY - MPS Venture divests from broadcasting business Finelco
MPS Venture has sold the combined stake of 12.86% it held in broadcasting business Finelco to industry player RCS Mediagroup Spa. The total exit value is EUR 20.7m.
SWEDEN - EQT and Investor AB sells Gambro Health Care to Bridgepoint
Investor AB and EQT has agreed to sell Gambro Health Care to Bridgepoint for an undisclosed sum from Gambro Holding AB. Prior to the sale EQT has held a 51% stake in the company, and Investor AB held the remaining. The sale of Gambro Healthcare is part...
UK - University of Sheffield spin-out sold to US medical technology company
Plasso Technology UK has been acquired by US medical technology company BD (Becton, Dickinson and Company). The deal represents an exit for Plasso investors, White Rose Technology Seedcorn Fund and East Hill Management Company. White Rose provided Plass...
SWEDEN - Industri Kapital sells Elektrokoppar to Liljedahlsbolagen
The Industri Kapital 1997 Fund has signed an agreement to sell 100% of its shares in the Elektrokoppar group to Liljedalhsbolagen. During Industri Kapital's ownership, Eelktrokoppar has strenghtened its product line as well as developed various niche...
FRANCE - I-Source and 3i sell ScreenTonic to Microsoft
I-Source Gestion and 3i have sold mobile media content business ScreenTonic to Microsoft.
SWEDEN - Innovations Kapital makes 9x on sale of Spotfire
InnovationsKapital hs sold IT company Spotfire to TIBCO, a US software company, making a 9x return on investment. The sale of Spotfire marks the final close of InnovationsKapital's first fund, InnKap 1.