Exits
UK - 3i realises its investment in Vibration Technology
3i has announced the sale of its minority stake in Vibration Technology Ltd, a developer of wireless solutions for the oil, gas and mineral exploration sector, to Sercel, a division of Compagnie General de Geophysique. 3i's proceeds from the sale of £6m...
SWEDEN - Industrifonden sells LTP for SEK 225m
Industrifonden Cimon Medical, DSM Venturing, management and other private investors have sold Lipid Technologies Provider AB (LTP) to DSM Food Specialties BV for SEK 225m. Industrifonden first invested in LTP in 2001. The company develops, produces and...
SWEDEN - Accent Equity sells Hydrauto to Wipro
Accent Equity has sold hydraulic cylinder manufacturer Hydrauto Group to Indian-listed Wipro Group. Accent entered the company in 2002.
FRANCE - Apax makes almost 4x on sale of Séché Environnement shares
Apax Partners France has generated a money multiple of almost 4x on the sale of its 8.5% shareholding in Séché Environnement, a recycling and waste treatment company listed on Euronext's compartment B. The buyer is Caisse des Depôts.
UK - Permira pulls Hogg Robinson IPO
Hogg Robinson, the Permira-owned business travel company, has had its proposed IPO pulled with sources citing the current state of the market.
GERMANY - Nord Holding sells Alsitan to management
Nord Holding has sold its 80% stake in Alsitan, located in Greifenberg am Amersee to managing partner Hans-Jürgen Specht and his son, Marc Specht.
SPAIN - Vista and Apax divest Itevelesa for EUR 500m
Apax and Vista Capital have sold their entire shareholding in Spanish vehicle inspection company Itevelesa to Australian investment bank Macquarie. The bank, which had been looking for opportunities in Spain since its divestment from road management company...
UK - Clayton, Dubilier & Rice refinances Brakes
Brakes, a food service solution provider and portfolio company belonging to Clayton, Dubilier & Rice (CD&R) is the subject of a £275m refinancing. The refinancing is lead-arranged by JPMorgan, Credit Suisse and Deutsche Bank, with UBS as co-manager....
FINLAND - CapMan sells Tiimari to Leo Longlife
CapMan funds will sell their stake in holding company Maritii Oy, which has 100% ownership of Tiimari, to Oyj Leo Longlife Plc. Prior to the exit, CapMan funds hold around 83% of Maritii, a company with an enterprise value of approximately EUR 61m.
DENMARK - Vækstfonden and SEED Capital sell AudioAsics
Analog Devices Inc has acquired venture-backed technology company AudioAsics A/S for around $19m in cash. It will pay up to $8m more for the Danish business upon the achievement of certain milestones.
SWEDEN - Private-equity backed Biovitrum goes public
Biopharma company Biovitrum's share will be listed on the O-list of the Stockholm Stock Exchange as of today. The share price has been set at SEK 100, giving the company a market capitalisation of around SEK 4.3bn.
GERMANY - PPM Capital sells BST after 15 months
PPM Capital has sold BST Safety Textiles just 15 months after it acquired the company. The buyer is WL Ross & Co, a private equity firm headquartered in the US.
UK - Listing of Hogg Robinson at between 140p and 220p a share
Permira is set to list Hogg Robinson, the business travel management company it has held since 2000. It is reported that it has set a price range for shares of between 140p and 220p.
SPAIN - 3i divests stake in Kider
3i and minority shareholders have agreed to sell their combined stake of 47.4% in Kider to Caja Navarra for EUR 33.3m. The remaining stake will be held by the company’s management. The deal is part of the bank’s EUR 353m investment strategy, which...
FRANCE - Cinven, Carlyle and APAX sell MediMedia for EUR 489.3m
The Cinven-led consortium of investors which had acquired Vivendi Universal Publishing in April 2002 has sold its medical publications subsidiary MediMedia USA to Vestar Capital, for an entreprise value of EUR 489.3m.
FRANCE - Investors make 2x on Swapcom sale
Iris Capital's Part'Com, Spef Venture, Banque de Vizille and Sudinnova have generated a 2x money multiple on the sale of their entire interest in French mobile solutions developer Swapcom to a subsidiary of Swisscom.
NL- Waterland sells Harting-Bank to NPM Capital
Waterland Private Equity Investments has sold its stake in Harting-Bank, a leading Dutch supplier of mobility aids and care provider, to NPM Capital. No financial details have been disclosed.
GERMANY - Nokia acquires gate5 from Innoven and Target
Innoven Partenaires and Target Partners have exited their stakes in gate5 AG, a supplier of mapping, routing and navigation software services.
GERMANY - 3i sells SR Technics to Emirates consortium for EUR 1bn
In spite of long-standing rumours that 3i was planning to list SR Technics this Autumn, the investor has gone the route of a direct sale. The consortium acquiring the company is made up of investors Mubadala Development (Abu Dhabi), Dubai Aerospace Enterprise...
UK - Close Growth Capital exits Goodridge UK
Close Growth Capital (CGC), the provider of combined equity and debt funding, announced today that it had sold its stake in Goodridge UK to the incumbent management team. CGC first invested in Goodridge in 2001 providing a sub £10m funding package. Goodridge...
GERMANY - 3i exits stake in Temmler Pharma
3i has sold its stake in Temmler Pharma GmbH to Ricken Pharma GmbH. Ricken Pharma, together with current management, acquired a 49% stake in the company. The firm is now wholly owned by Ricken Pharma and company management.
UK - Disposal of Four Seasons Healthcare by Allianz Capital Partners
Allianz Capital Partners has agreed to sell Four Seasons Healthcare, a leading provider of services for older people and specialised care services for adolescents and younger adults, to Delta Commercial Property, an investment vehicle for Three Delta....
SWEDEN - Provider sells Ida Infront to AddNode
IT Provider funds have sold Ida Infront AB to AddNode for a cash sum of SEK 30m and a non cash issue of 1,200,000 serie B AddNode shares. Ida Infront focuses on the e-government sector supplying clients such as Försäkringskassan, Skatteverket and Rikspolisen...
UK - Partial exit for Permira and Bridgepoint as Virgin Active acquires Holmes Place's UK business
Virgin Active, the health and fitness group, has signed an agreement to acquire Holmes Place’s UK business, comprising 47 clubs in the UK with a membership of 190,000. Virgin will have a majority stake of the enlarged Group. The Holmes Place clubs will...