Exits
EQT to sell Fertin Pharma to Philip Morris
EQT exits the company four years after it acquired a 70% stake in it from the founding Bagger-SУИrensen family
Evoco sells Plumettaz to Invision
Evoco bought the cable-laying equipment producer in a six-company portfolio deal in 2015
Phoenix nets 4.3x return on sale of Rayner Surgical to CVC
CVC will deploy equity from its Fund VIII, which held a final close on ТЃ21.3bn
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Phoenix confirms Sygnature sale to Five Arrows
Deal is the third strong exit from Phoenix's 2016 fund, following Travel Chapter for 3.6x and Rayner for 4.3x
Oakley to sell majority stake in Ace Education to trade
Exit will generate a gross return on investment of nearly 2.1x money and around 27% IRR for Oakley Capital Private Equity III
Hg, Vista Equity Partners to sell Allocate to trade
Sources told Mergermarket in May that the company could fetch a valuation of around ТЃ1bn
Brookfield buys Modulaire from TDR in $5bn deal
TDR Capital acquired a 66.98% stake in Modulaire as part of a €478m take-private in 2004
Cross Equity, Pinova sell Rademacher to trade
GPs acquired the Germany-based smart home systems business in 2014 from Nord Holding
Altor, Goldman Sachs sell Navico to trade in €880m deal
Altor exits the company 15 years after creating the company by merging Simrad Yachting and Lowrance Electronics
Argand, Genui-backed Cherry to float in €778m IPO
Computer hardware firm was valued at around €200m when Argand took a majority stake in 2020
Graphite Capital sells Performance Timber to trade
Acquisition by Bergs Timber values the company at SEK 140m and ends a 12-year holding period
Epiris sells Saunderson House in £150m trade sale
GP acquired IFG Group in 2019, subsequently splitting it into Saunderson House and James Hay
Riverside-backed Bike24 to list in €662m IPO
Riverside acquired Bike24 in 2015, selling it to Bridgepoint's Wiggle-CRC and buying it back in 2019
Priveq sells Scanmast to trade buyer for €24m
As part of the acquisition, Scanmast CEO Ann-Charlotte Andersson also acquires shares
Emeram sells Meona to Trill Impact
GP bought the clinical software platform in 2017, investing via its €400m debut fund
LBO France hires Ethica for Vetroelite exit
Auction for the Italian specialist containers manufacturer is expected to kick off in September
Accent exits kitchenware retailer Cervera in sale to trade
Under Accent's ownership, the company's revenues increased by more than 70%, and EBITDA nearly tripled
PAI buys Pasubio from CVC
CVC bought Pasubio in 2017 through its CVC Capital Partners VI fund
IK to sell Veritas Petroleum Services to Fremman Capital
Fuel testing company was reportedly marketed off EBITDA between €18-20m
Marlink admits Providence, I-Squared, CVC to second round of sale
France's Apax Partners is looking for bids in the region of 10x EBITDA for its portfolio company
Epiris buys Sharps from Sun European Partners
Exit comes less than a month after Sun sold bed and mattress retailer Dreams in a $475m trade sale
Eurazeo kicks off sale processes for Peters Surgical, In'Tech
Eurazeo recently said it would accelerate its asset divestment programme in 2021 and 2022
Palatine buys majority stake in KCP-backed Routes Healthcare
Key Capital Partners will retain a minority stake in the company, which it first backed in 2016