Exits

UK - ABN AMRO Capital exits Page Group Ltd

Page Group Ltd, the company which designs and manufactures aerospace lighting and cockpit controls, has been acquired by Hamilton Sundstrand, a subsidiary of United Technologies Corporation. The deal, the details of which are not disclosed, represents...

UK - Cognetas Sells BWG to management for EUR 390m

Cognetas, (formerly known as Electra Partners Europe), has announced the sale of BWG to the company’s management for EUR 390m. Cognetas acquired the BWG operations from Pernod Ricard in 2002 for EUR 220m along with a majority stake in Newhill, owner...

GERMANY - Hellman & Friedman to off-load Springer shares

Hellman & Friedman has notified the management board of Axel Springer AG that it is considering a placement of approximately 10% of Axel Springer shares. A precondition for the placement will be a sufficiently attractive capital market environment. Springer...

AUSTRIA - Doughty Hanson sells IZD Tower to Matrix

Doughty Hanson & Co Real Estate has sold the IZD Tower in Vienna to Matrix Property Fund Management for EUR 247m. The building is a 30-storey landmark, comprising 63,400 square metres of office space with 1,250 underground parking spaces, adjacent to...

UK - Plant Impact listed on AIM

Plant Impact Plc, a company backed by the RisingStars Growth Fund which is managed by Enterprise Ventures, has been admitted to AIM. The placing at the start of the first day of trading was 38p per share, giving a market capitalisation of approximately...

UK - CBPE sells Minova for £357m

Close Brothers Private Equity has sold speciality chemicals manufacturer Minova for £357m to Orica Ltd, an Australian quoted company. Minova's products are used in the coal mining, metal mining and tunnelling industries.

SPAIN - 3i and Lar to exit Ballesol

Insurance group Santa Lucía is reported to be in advanced negotiations to join the shareholding structure of Ballesol, one of the Spanish market leaders for elderly homes. Ballesol's shareholders, real estate group Lar and 3i, have expressed their intention...

UK - Aberdeen Asset Managers recapitalises Plaxton

Aberdeen Asset Managers Private Equity has recapitalised portfolio company Plaxton, the UK's leading manufacturer of luxury coaches and buses. This transaction gives the business a solid platform from which to increase its recently launched bus models...

NL - Wavin IPO receives lacklustre response

The flotation of Dutch pipe manufacturer Wavin by CVC and AlpInvest has raised substantially less than targeted. With shares priced at EUR 11m, the bottom of the EUR 11-13.50 range, the flotation raised EUR 371m, substantially less than the EUR 641m it...

SPAIN - 3i considering sale of Provimar

3i is reportedly negotiating the sale of portfolio company Provimar to restaurant business Grupo Arturo for EUR 18m. Provimar specialises in services to ships and duty free stores.

FRANCE - Astorg makes 3.3x on CIS sale

Astorg Partners has sold its entire interest in utility meters installation, management and maintenance business CIS to Ista International GmbH. The sale, which generated an IRR of about 80% and a money multiple of 3.3x for Astorg, values the company...

CZECH REPUBLIC - Advent sells CCS to FleetCor Inc

Advent International has concluded an agreement to sell its portfolio company CCS Èeská spoleènost pro platební karty a.s. to FleetCor Inc. The deal is structured as a cash and share transaction and will enable Advent to return funds to its investors...

UK - Nikko Principal Investments exits Menzies Hotels Group Ltd

Nikko Principal Investments Ltd (NPIL), has sold the four star hotel chain, Menzies Hotels Group Ltd, to property investors aAIM and R20, for £180m. This exit combined with the sale of the Salcombe Hotel in the summer of this year, takes the total exit...

GERMANY - TVM Capital exits TravelTainment to Amadeus

TVM Capital has exited its stake in TravelTainment, Aachen, to Amadeus, a global provider of travel and tourism solutions. TVM has backed the company since 2000, when it invested in a series-A financing alongside SWAN Private Equity and tbg. Amadeus was...

UK - Hogg Robinson float back on

Permira-backed Hogg Robinson is to be listed after all. The IPO was planned for last week but then pulled at the last minute due to uncertainty in the market.

DENMARK - CapMan exits RGS 90

CapMan funds have sold their stake in Danish RGS 90 A/S to DSV Miljø A/S. RGS 90 provides various recycling and soil treatment services.

UK - Refinancing of Saga paves way for IPO

Saga, the provider of services to older consumers, has been refinanced allowing its backers, Charterhouse, to repay all the company's debt and acquire new debt on more attractive terms. The refinancing is reported to have saved £32m on interest. It is...

SPAIN - 3i exits Grupo Gesinar

Atisreal, a subsidiary of BNP Paribas Real Estate, acquired 100% of Grupo Gesinar, a player present in both commercial and residential real estate services from 3i and minority shareholders. The transaction value has not been disclosed.

ITALY - TLcom Capital realises investment in Netscalibur Italia

London-based venture capital fund TLcom Capital announced today that it has agreed to sell 100% of Netscalibur Italia to Infracom, a Milan-based private industrial group active in the telecommunications, information technology and mobility businesses....

SPAIN - 3i exits Grupo Gesinar

Atisreal, a subsidiary of BNP Paribas Real Estate, has acquired 100% of Grupo Gesinar, a player present in both commercial and residential real estate services from 3i and minority shareholders. The transaction value has not been disclosed.

ITALY - MPS Venture divests stake in Iseo

Two years after its original investment, MPS Venture has sold its entire stake in lock and hinges manufacturer Iseo Serrature back to the company's founding family for EUR 15m. Iseo Serrature is based in Pisogne (Brescia). It expects to report a turnover...