Exits
UK - Permira to float Hogg Robinson
It is reported that Hogg Robinson, the business travel and corporate services group backed by Permira, is to announce plans for an IPO this week.
UK – Endless successfully exits GlynWebb
Endless LLP has announced the sale of GlynWebb Ltd to private retail investors for an undisclosed sum. This exit comes just four months after Endless acquired the DIY and home improvement retailer.
UK - Quester exits Avidex
MediGene AG, based in Frankfurt, has signed an agreement to acquire the Quester-backed biotechnology company Avidex Ltd. This will be a share-for-share transaction for a value of around EUR 50m.
UK - 3i divests stake in Rovtech
The Dutch oilfield services company, Fugro N.V. has today announced the acquisition of Aberdeen based Rovtech Ltd from 3i for £34.5m. Rovtech Ltd is a provider of remotely operated vehicle services to the oil and gas industries and currently has an annual...
SWEDEN - Småföretagsinvest sells Reflex for SEK 180m
Småföretagsinvest has sold manufacturer of surveying instruments for boreholes, Reflex Instrument AB, to Australian Imdex Ltd for around SEK 180m. The seller has recorded a SEK 170m profit on its investment.
UK - Smedvig Capital exits City Invoice Finance
Smedvig Capital has realised its investment in City Invoice Finance following the acquisition of the company by Venture Finance Plc.
FINLAND - CapMan exits Distocraft Ltd
CapMan funds have divested their stakes in software provider Distocraft Ltd to Ericsson for an undisclosed sum. With offices in Helsinki and Lahti, Distocraft develops telecommunications software products that enable network performance management and...
UK - Successful exit for Bridges
Bridges Community Ventures has announced the sale of SimplySwitch, a price comparison service for household utilities and financial services, to The Daily Mail and General Trust plc. The transaction was valued at £22m and will be the second successful...
UK - Partial exit for NBGI Private Equity
Following a year of strong performance, Hamworthy Heating Ltd has been able to repay its full loan stock to its principal shareholders, NBGI Private Equity, enabled by new debt facilities provided by HSBC Leveraged Finance. The NBGIPE Fund will now reclaim...
SWEDEN - SLS Venture sells Carlsson Research in deal worth up to SEK 875m
Swedish Carlsson Research AB, a portfolio company of Scandinavian Life Science Venture (SLS), has been acquired by publicly-listed NeuroSearch A/S. The deal, which will close on condition that NeuroSearch completes a new rights issue, is worth up to SEK...
UK - Endless exits Encanta via sale to Exponent porfolio company, Magicalia
Endless has announced the disposal of Encanta Media Ltd for £2.72m to Magicalia, an on-line publishing business and one of Exponent Private Equity's portfolio companies.
TURKEY - Turkish exit for Advent International
Advent International and its Turkish investment partner, Turkven Private Equity, have sold their 50% holding in Turkish packaged bread producer, Unmas, to the shareholders of their strategic partner, Doruk, for $18 million.
ITALY - Electra Partners to sell Azelis
According to reports in the Financial Times Deutschland, Electra Partners has appointed BNP Paribas to handle the sale of Azelis, an Italian wholesaler of chemicals.
ITALY - Permira to float Ferretti for the second time
Permira is looking to re-list its portfolio company Ferretti, a manufacturer of high performance luxury motor yachts, on the Milan Stock Exchange this year or early in 2007.
SWEDEN - Industri Kapital sells entire Oriflame holding
The Industri Kapital 1997 Fund has sold its remaining shareholding in Swedish cosmetics company Oriflame Cosmetics SA for SEK 242 per Swedish Depositary Receipts (SDR). The sale corresponds to 4.5% of the total number of shares and votes in Oriflame and...
UK - IPO of Cineworld back on
The Sunday Times reported yesterday that Blackstone is to revive its plans to float Cineworld, Britain's second largest cinema chain. The planned IPO was pulled in June due to market volatility.
CZECH REPUBLIC - Mid Europa sells cable company
Central and Eastern European investor Mid Europa Partners (MEP) has sold its 82% stake in Czech cable company Karneval Media to UPC, the Czech Republic’s number one player. The EUR 322.5m deal saw the bankers of UPC (Deutsche Bank and JPMorgan) take...
SPAIN - 3i sells its stake in TCB
Private equity firm 3i has sold its 30% stake in logistics operator Group TCB (Terminal de Contenidors de Barcelona), to the family Pérez Maura, owner of shipping management group Pérez y Cía. The deal value has not been disclosed.
UK - Summit sells shareholding in Global Address
The Summit Group, the independent venture capital business specialising in seed and development capital, and its 41.5% owned investment company, Summit Alpha, announce the sale of their investment in Global Address (formerly Optima Database Management...
UK - Quester realises investment in Sibelius
Quester has announced the realisation by Quester VCT Plc of its investment in Sibelius Software Ltd, the leading music applications software company, through its acquisition by Avid Technology Inc, a NASDAQ-listed technology company.
UK - Carlyle et al. exit from Trema
The four largest shareholders in Trema, The Carlyle Group, Investcorp, ABS Ventures and Norks Vekst announced the sale of Trema to Wall Street Systems, a portfolio company of Warburg Pincus. Terms of the transaction were not disclosed. Trema is a leading...
SPAIN - Investindustrial exits Grupo Care
The Spanish branch of Investindustrial has agreed to sell its interest Grupo Care, a Madrid-based residential care company, to the Orpea Group for an undisclosed amount. Grupo Care has reported a turnover of EUR 15.6m last year and expects to reach EUR...
UK - 3i sells portfolio company CH4 Energy Ltd
3i has announced the sale of its portfolio company CH4 Energy Ltd, a privately owned, UK-headquartered E&P company to Venture Production Plc for EUR 224m (£153m). 3i has been involved with CH4 since its start-up in 2002. 3i provided the initial start...
GERMANY - Equita exits woodwork specialist
Equita has sold a 19.7% stake in German sawmill and wood working enterprise Klenk Holz AG via the Klenk family to WestLB AG. The remaining 10% stake was sold to the Klenk Holz AG itself as treasury stock. Equita was invested in Klenk Holz AG through its...