Exits

GERMANY - Auctus Management makes 18x money on Time Partner

Auctus Management has exited a majority share in its temporary recruitment platform Time Partner to Investcorp for approximately EUR 250m. The financial investor made 18x its invested capital which it began building in 2004, yielding EUR 100m from the...

FINLAND - CapMan exits from Matka-Vekka

Funds managed by CapMan have sold Finland’s private travel agency chain Matkatoimisto Oy Matka-Vekka to Icelandic Heimsferdir EHF. The value of the deal has not been disclosed. CapMan funds Finnventure IV and Finnmezzanine II acquired ownership of Matka-Vekka...

UK - Kennet Venture Partners sells Cramer to Amdocs

Kennet Venture Partners Ltd, a venture capital firm focused on the technology sector, had announced the sale of portfolio company Cramer to Amdocs, an industry leader in solutions that enable integrated customer management, for £205m ($375m). Cramer...

SWEDEN - Procuritas sells NSG Logistics to John Nurminen

Procuritas Capital Partners II has sold NSG Logistics to John Nurminen Oy. John Nurminen Oy has acquired the share capital of NSG Logistics, which means that the company will become the owner of AB SkandiaTransport, SkandiaTransport A/S and Göteborgs...

ITALY - Permira set to list Ferretti

Luxury yacht group Ferretti has confirmed that it will be returning to the Milan stock exchange this year. The IPO, which is likely to happen in the autumn, had been widely anticipated ever since it was purchased by private equity fund Permira and subsequently...

DENMARK - CVC Capital Partners sells DT Group

CVC Capital Partners has announced the signing of an agreement to sell DT Group (formerly Danske Traelast) to Wolseley. Wolseley has bought the leading distributor of building materials for an equity value of EUR 1,498m.

UK - Bridgepoint's Pets at Home in £288m refinancing

Pets at Home, the UK pet food and product retailer, has secured £288m of new debt facilities following its announcement last week of revenues of £276.9m and EBITDA of £40.7m for the year ended 31 March 2006. Following completion of the refinancing,...

BELGIUM - KBC Private Equity sells I-PAC Technologies

KBC Private Equity has signed an agreement to sell its 18.90% stake in I-PAC Technologies, a specialist in the development of new technologies for the plastic packaging industry. InnoConcepts NV, the principal stakeholder, will acquire the stake for EUR...

SPAIN - Inova exits La Estrella Digital

According to reports in the Spanish press, the private equity firm Inova has sold its 30% stake in the e-newspaper La Estrella Digital from communications entrepreneur Mariano Álvarez Gutiérrez for an undisclosed sum.

UK - Clearbrook makes first exit

Clearbrook Capital Partners announces that it has agreed to sell Eclipse Scientific Group, the leading independent laboratory company, for £50m to Inspicio Plc, the testing and inspection group. The sale is the first disposal by Clearbrook, the private...

UK - Terra Firma's waste unit set to be acquired by Spain's FCC

Fomento de Construcciones y Contratas, S.A (FCC), a Spanish construction and service group, is set to acquire the waste disposal arm of Waste Recycling Group Holdings (WRG) from Terra Firma. The deal values the waste disposal side of the business at £1.4bn....

SPAIN - Inova exits La Estrella Digital

According to reports in the Spanish press, private equity firm Inova has sold its 30% stake in the e-newspaper La Estrella Digital to communications entrepreneur Mariano Álvarez Gutiérrez for an undisclosed sum.

SWEDEN – Glintir acquires Fischer Partners

Glintir has today announced the acquisition of all shares in the Swedish brokerage firm Fischer Partners from Invik & Co AB. This will enable Glintir to establish a solid platform in the Nordic securities brokerage sector as Fischer Partners has shown...

SPAIN - Espiga Capital exits Stock Uno

Espiga Capital, along with other shareholders, has recently sold its entire shareholding in Stock Uno to Ibersuizas in a BIMBO worth approximately EUR 30m. The transaction represents returns to Espiga of 2.5x its original investment, equivalent to an...

LITHUANIA - CapMan exits Drobe

CapMan has sold its holding in Lithuanian Drobe Wool Company to Plaza Corporation, a Lithuanian industrial development company.The CapMan funds Finnventure IV and Finnventure V originally invested in Drobe in 2000 along with the European Bank for Reconstruction...

SWEDEN - Q-Park acquires Carpark from Bridgepoint

Q-Park, the European cap parking company, has acquired the Swedish parking firm CP Group AB (also called Carpark) from Bridgepoint for an undisclosed sum. Carpark, founded in 1959 is a leading car park operator in the Nordic region, this acquisition will...