Exits
SPAIN - Apax divests stake in LaNetro Zed
According to reports in the Spanish press, Apax Partners is reported to have sold its 32% stake in LaNetro Zed, a content developer for the mobile and internet industries.
UK - Bridgepoint exits Digica Group
Bridgepoint has realised its investment in outsourcing and management IT services company Digica Group via a sale of the company to Computacenter Plc, the European IT infrastructure services provider. The consideration paid for Digica amounts to £15.9m,...
UK - ECI sells LateRooms.com for £108m
ECI Partners has sold LateRooms, the online hotels specialist, to First Choice Holidays Plc for £108m. This represents an IRR of over 500% and a money multiple of over 9x on ECI’s investment in two years.
POLAND – Enterprise Investors exits Opoczno
Funds managed by Enterprise Investors have sold their 46% stake in Poland’s leading ceramic tiles manufacturer Opoczno to Cersanit, a Polish ceramic sanitaryware producer. The full exit yielded gross proceeds of PLN 252m representing a 2.4x investment...
SPAIN - Apax and FManagers sell stake in Everis to management
Apax Partners and FManagers have sold their combined 45% stake in consulting business Everis to its management.
GERMANY - Finatem sells Hügel
Finatem Beteiligungs GmbH has sold a 51% stake in Hügel, a German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed amount. The financial investor had previously acquired the company for approximately EUR 54m in August...
BELGIUM - GIMV signs exclusivity agreement for sale of Kleimar stake
GIMV has reached an agreement with the Greek Navios Maritime Holding to hold exclusive talks on the sale of its stake in shipping company Kleimar. Currently, GIMV owns 24% of Kleimar, which is part of the Sea-Invest group.
GERMANY - Gutbrod Stanz- und Umformtechnik GmbH sold to voestalpine AG
Barclays Private Equity has exited its investment in German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed sum. Barclays Private Equity had previously acquired Gutbrod Stanz- und Umformtechnik in a secondary transaction...
GERMANY - Barclays Private Equity exits Buch & Kunst
Barclays Private Equity has sold its stake in German book retailer Buch & Kunst to the Thalia Group for an undisclosed amount. The financial investor acquired the company in 2001.
GERMANY / France - Taros Capital sells Zarges Tubesca to Granville Baird Funds.
Taros Capital has announced that it has agreed to sell Zarges Tubesca to Granville Baird, for a total consideration of EUR 156m, including financial debt.
ITALY/UK - Apax hands Damovo over to hedge funds
Apax Partners is reportedly being forced to hand over its telecom business Damovo to a consortium of hedge funds, in order to save the company from bankruptcy.
GERMANY - IK exits Gardena
Husqvarna has signed an agreement with Industri Kapital to acquire Gardena, a manufacturer of gardening tools in Europe. The purchase price amounts to EUR 730m which includes the transfer of debt, shareholder credits and pensions amounting to EUR 416m....
BELGIUM - Cognetas to sell Aliplast Group for €430m
Cognetas, (formerly known as Electra Partners Europe) has announced that it intends to sell Aliplast Group to a consortium backed by Sagard and Ergon for EUR 430m.
NL - Kennet Partners to sell Consul Risk Management to IBM
Kennet Partners Ltd has announced that it intends to sell Consul Risk Management International, a software company for the enterprise and managed security services markets, to IBM. The sale is expected to close in the first quarter of 2007. Kennet first...
UK - Charterhouse-backed Saga makes radio disposal
Charterhouse portfolio company Saga, the specialist service provider to the 50 plus age-group, has disposed of its radio assets. The three radio stations based in the Midlands and Scotland, plus another yet to be launched station, have been acquired by...
ITALY - Cognetas sells Azelis to 3i
Private equity frim Cognetas, formerly known as Electra Partners Europe, announced the sale of Azelis Group to 3i.
FRANCE - FPG-LFPI sells Cognon-Morin to BSN Medical
FPG-LFPI, Lazard's private equity firms, have announced the sale of its 55% stake in phlebological tights manufacturer Cognon-Morin to BSN Medical, for an undisclosed amount.
UK - LDC exits express company ANC through £120m sale to FedEx
LDC has sold UK express transportation company ANC Group to FedEx Corporation for £120m having acquired it just eleven months earlier for £37.3m. The original deal in February 2006, saw LDC acquire a 26.25% stake in the company through a refinancing...
UK - Primary Capital refinances YO! Sushi
Primary Capital has refinanced portfolio company YO! Sushi, the Japanese conveyor-belt restaurant brand it backed in a £10m management buyout in 2003. Over the last three years, YO! Sushi has expanded to 26 sites across the UK and eight international...
SWEDEN - EQT V hits EUR 4.25bn
EQT has closed its latest fund on EUR 4.25bn. EQT V attracted 25% of money from the Nordic region, 30% from the UK and Continental Europe, 25% from North America, and the remaining 20% from the rest of the world. New commitments came from Australia, Canada...
UK - 3i sells Precise Media to Phoenix Equity Partners for £42m
3i has sold UK media monitoring agency Precise Media to Phoenix Equity Partners for £42m. The sale generated an IRR of 101% and a multiple of 3.2x for 3i, which backed the BIMBO of the company (then known as KBBI) in April 2005. During the holding period,...
SWEDEN - Doughty Hanson sells Tumba Centrum for SEK 550m
Doughty Hanson & Co Real Estate has agreed to sell Tumba Centrum to Citycon for SEK 550m. Tumba Centrum is a 32,000 square metre shopping centre, which also includes the municipal library and art gallery as well as municipal offices and residential apartments....
UK - August sells Securistyle to BoSIF
August Equity has sold UK hardware manufacturer Securistyle Holdings in a $42.3m secondary buyout to Bank of Scotland Integrated Finance. August had invested £11.3m as part of a management buyout from Dublin-based Allen McGuire in November 2003.
FRANCE - Butler and Cita sell 1001 listes to TF1 for EUR 20m
Butler Capital Partners and Cita Gestion have sold their entire 95% stake in 1001 Listes, a website which coordinates the purchase and delivery of wedding gifts, to Teleshopping, a shopping channel of the TF1 group, for about EUR 20m.