Exits
Nordic Capital buys majority stake in VC-backed Duco
Financial data management software raised USD 28m from VCs including Eight Roads and Insight in 2018
Sponsors in race for Laird Thermal Systems
Sale of the German business is moving into an interim round with confirmatory bids due 21 July
WestBridge exits AJM Healthcare to Livingbridge
WestBridge backed the MBO of the wheelchair and mobility service provider in September 2018
Seraphine lists in London seven months after Mayfair deal
IPO gives the maternity clothing business a market cap of GBP 150m, raising gross proceeds of GBP 61m
Triton sells Polygon to AEA for 5.3x money invested
Secondary buyout of the building maintenance business ends a holding period of more than 10 years
UK buyout activity cools off in second quarter
While buyout activity fell more sharply in the UK compared to other European markets in Q2, dealflow remained very strong by historical standards
Ufenau sells Swiss IT Security to Triton for 12x money
GP also netted 150% IRR on the sale, having acquired the company in 2017, and following 17 add-ons
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Advent sells Allnex to PTTGC International
Trade sale values the Benelux-based coating resins business at EUR 4bn (12x EBITDA)
Montagu acquires Intech from Eurazeo
Eurazeo says it is set to achieve a cash-on-cash multiple of 3x and an IRR of 31%
EQT sells Igenomix in €1.25bn trade sale
Igenomix had a €400m enterprise value at the time of EQT's initial investment in 2019
VR Equitypartner sells Megabad stake to FSN Capital
VR Equitypartner has sold its stake in Germany-based online bathroom fittings and furniture retailer Megabad to FSN Capital.
Mid Europa explores sale of M+ Group
Owners of M+ Group appoint William Blair to assess strategic options for the company
Graphite Capital sells U-Pol in £428m trade sale
GP first bought the business in 2002, exiting in 2005 before acquiring it again in 2010
Towerbrook clinches Bruneau auction – report
Towerbrook reportedly beat competition from private equity firms Lone Star and Platinum
Eurazeo to sell early education business Grandir to InfraVia
Eurazeo is set to earn a 2x return on its initial investment
Gimv sells Summa to Ergon
Gimv acquired a majority stake in the Belgium-based digital cutting machines producer in 2016
HIG sells Weru to trade
Sale comes more than seven years after HIG acquired the windows and doors producer from Triton
Charterhouse to exit Siaci Saint Honoré to OTPP et al.
OTPP, Cathay, BPI France and Ardian back the deal and SSH's merger with market peer Diot
Ashridge scores 1,439% IRR on Marclay after four-month hold
Ashridge invested in the UK-based cybersecurity and incident response firm in February
Montagu buys Waystone from MML
Acquisition of the fund advisory firm is Montagu's third SBO of 2021, according to Unquote Data
Charterhouse buys Labelium from Qualium
B2B digital marketing agency made six add-ons during Qualium's three-year investment period
Investindustrial exits Polynt-Reichhold in buy-back
Asset was expected to fetch around тЌ2.5bn, with Lone Star previously thought to be in exclusivity
CapMan exits Solera Beverage Group to trade
Exit comes a decade after CapMan acquired a majority stake in Solera alongside co-investors and the management