Exits
FINLAND - CapMan and Helmet exit Kultajousi
CapMan and Helmet Capital, the joint owners of the jewellery retailer Kultajousi Oy, have sold their entire holding in Kultajousi’s parent company Goldhold Oy. CapMan funds’ 40% holding and Helmet Capital funds’ 11% holding have been sold to the...
GERMANY - bmp AG sells shares in eprofessional GmbH to ZANOX.de
Berlin-based bmp AG has announced the sale of its 25.5% holding in eprofessional GmbH to Zanox.de for a sum of EUR 4m. The proceeds from this transaction, including the repayment of a silent partnership, will result in a seven figure profit for bmp.
UK - Terra Firma in partial exit from East Surrey Holdings
Terra Firma has sold ESP Pipelines Group Ltd for £225m to ABN AMRO Infrastructure Capital Equity Fund. The acquisition is being funded by a mixture of equity provided by the infrastructure fund and debt underwritten by Barcalys Capital.
FRANCE - Fonds Partenaires sells Fahrenheit to EDF
French private equity firm Fonds Partenaires has realised its investement in gas-powered boilers maintenance company Fahrenheit.
GERMANY - Demag Cranes lists following adjusted bookbuilding
Demag Cranes AG, one of the companies contained within the Demag portfolio in which KKR acquired a majority stake from Siemens in 2002, has listed on the Frankfurt stock exchange. The company floated approximately 50% of its capital stock at an opening...
NETHERLANDS - Industri Kapital to sell Continental Bakeries to NPM Capital
Industri Kapital (IK) has reached a conditional agreement with NPM Capital to sell Continental Bakeries, a leading producer and distributor of private label biscuits in Western Europe.
SWEDEN - Segulah sells NVS Installation AB to Triton
Segulah II L.P has sold NVS Installation AB to the European private equity investment firm, Triton for an undisclosed amount.
HUNGARY - Royalton sells educational publisher
Royalton Capital Investors, an investor in Central and Eastern Europe, has sold Hungarian educational publisher Láng Kiadó és Holding Zrt (Láng) to Sanoma WSOY Education, a Finnish educational publishing company. Financial terms of the deal were not...
FRANCE - GPs exits Directinet with 6x returns
A syndicate of investors including Pyramid venture Capital, I-Source Gestion, zCorporate, Angel Invest, Afipa, MMA, Groupama, Casino Rally and Avenir Tourisme France has realised its investment in Directinet, with a money multiple in excess of 6x.
UK - HgCapital floats ClinPhone
ClinPhone, the supplier of technology solutions to the clinical trials industry, has floated on the London Stock exchange representing a partial exit for HgCapital.
SPAIN - GED set to exit Continental Hotels in Bucarest
The Spanish private equity firm GED will exit the Romanian chain Continental Hotels via a listing on the Bucarest Stock Exchange in July. GED will probably list all of its 28% stake in the company. The remaining shares are held by founding familiy, Enache,...
POLAND - Bankier SA lists on Warsaw Stock Exchange
Polish finance portal Banker SA, a bmp portfolio company in which its managed fund CEEV GmbH holds a stake, listed on the Warsaw Stock Exchange today. The opening price was PLN 8.25 per share, 10% over the issue price of PLN 7.50.
SWEDEN - 3i sells its stake in Atea
3i has sold its shareholding in Atea Holding AB, a supplier of IT infrastructure, to Ementor ASA. Ementor buys the entire company for SEK 1,050m.
FRANCE - Medica to float on Euronext
Medica, the third largest French retirement homes company has announced it has submitted documentation to AMF (Autorité des Marchés Financiers) in view of its flotation on Euronext Paris.
FINLAND - Eqvitec sells Saraware
Wipro Technologies has signed an agreement to acquire Eqvitec-backed Saraware Oy in an all cash deal. With a consideration of EUR 25m, the transaction includes upfront cash payment and debt takeover in addition to earn-outs on achieving targeted financial...
UK - Blackstone delays IPO of Cineworld
Blackstone is to postpone the floatation of Cineworld due to stock market volatility. It purchased the 820 screen cinema giant from UGC in 2004. The decision to list Cineworld, which was expected to be worth £400m on the market, was made on 10 May since...
NETHERLANDS - Gilde to exit Peijnenburg
Gilde Participaties has announced that it is negotiating the sale of Koninklijke Peijnenburg BV to Lotus Bakeries BV. Koninklijke Peijnenburg is market leader in the Netherlands in the market for gingerbread products.
GERMANY - KKR sells mannesmann plastics machinery
KKR and Siemens have agreed to sell Munich-based mannesmann plastics machinery to Madison Capital Partners. US-based Madison, together with the company's management, will purchase 100% of the shares in the world's largest plastics and rubber processing...
UK - Blackstone to float Southern Cross Healthcare Group
The recently volatility of the markets has not deterred Blackstone from their intention to float Southern Cross. Blackstone is hoping the sale will value Britain's biggest care home group which it has owned since 2003 at about £550m, according to The...
FRANCE - AXA Private Equity set to secure first French take-private of 2006
AXA private Equity has announced an agreement to purchase MAAF Assurances SA's 85.45% share of TLD Group. The French buyout house will also acquire an extra 9.58% from minority shareholders who have irrevocable agreed to tender their shares in AXA's simplified...
FINLAND - CapMan exits Sentera
Finnventure IV, V and V ET funds managed by CapMan have sold their 30.1% shareholding in Sentera Plc to SysOpen Digia Plc for EUR 12.8m. SysOpen Digia Plc paid the main part of the transaction in cash and a small part with the company’s own shares.
UK - Permira to float Hogg Robinson
The Sunday Times reported on the expected IPO of Hogg Robinson over the weekend. Permira took Hogg Robinson private in a 2000 deal worth EUR 640m and now intends to return it to the stock market through a 'competitive' IPO. This controversial route to...
DENMARK - Polaris sells Dansk Droge to Orkla
Polaris Private Equity has entered into an agreement to sell its shares in Dansk Droge to Orkla. The Sports Nutrition companies SPP in Sweden and Finland are not included in this transaction.
UK - Barclays Ventures exits Canada Square Health and Fitness Ltd
Barclays Ventures has completed the sale of Canada Square Health and Fitness Ltd, the operator of the prestigious 'Reebok Sports Club London' in Canary Wharf, to an overseas private investment group for an undisclosed amount.