Exits
FRANCE - AtriA sells CS Dermatologie to Sinclair Pharma
AtriA Capital Partenaires and Didier Rase have announced the siging of an agreement to sell 100% of the share capital of CS Dermatologie to UK pharmaceutical group Sinclair Pharma Plc.
FINLAND - EQT's Salcomp commences trading on Helsinki's Pre-List
Salcomp Plc, owned by EQT, has commenced trading on the Pre-List of the Helsinki Stock Exchange today and the offer price was set at EUR 3.20.
SPAIN - Nazca makes 8.5x money on Svenson sale
Nazca Capital, one of the most active private equity firms in the Spanish market, has closed a deal with Investindustrial to sell its remaining 67.8% shareholding in the European hair-treatment leader for EUR 82m. The transaction was structured as a secondary...
SWEDEN - Nordic Capital sells Guide to EDB
Nordic Capital Fund IV has entered into a binding agreement to sell Guide to EDB. The value of the deal has not been disclosed.
GERMANY - Granville Baird sells Apptimum to Microsoft
Granville Baird has announced that it has sold its interest in software firm Apptimum Inc to Microsoft for an undisclosed sum.
GERMANY - SHS and tbg exit Novosis
SHS Gesellschaft für Beteiligungsmanagement mbH has sold its stake in Miesbach-based pharaceutical specialist Novosis to Swiss-listed Schweizerhall Holding AG. State financial investor tbg has also agreed to exit its stake by way of a staggered process...
GERMANY - Heidelberg Innovation and BioMed Venture exit BioVision
Venture capital groups Heidelberg Innovation and BioMed Venture have exited their stakes in BioVision GmbH to US-based molecular spectroscopy systems specialist Digilab LLC. Heidelberg Innovation and BioMed Venture, alongside other investors provided...
GERMANY - 3i looks to IPO Magix?
According to press reports, 3i is preparing to list Magix, a German software firm in which the firm acquired a 21% stake in 2000.
UK - BancBoston makes 15x money on Aquila exit
BancBoston Capital has notched up a 15.2x net return on the sale of its shares in the UK-based Aquila Group Holdings Ltd. This tops a stellar run of exits for the firm. Returns on BancBoston Capital’s recent transactions include 6.5x on the sale of...
SWEDEN - InnovationsKapital generates 9x return on Carmen Systems
InnovationsKapital and other major shareholders have entered into an agreement to sell all of their interests in Carmen Systems to The Boeing Company. As a result, the net proceeds to InnovationsKapital are at least SEK 190m, equivalent to 9x the invested...
UK - Barclays Private Equity exits Recruitment Solutions Group
Barclays Private Equity has sold its investment in Recruitment Solutions Group for £18.5m to Hays Plc, the global leader in specialist recruitment and HR services.
FRANCE - Asiatex to take Petitboy out of receivership
Pau’s regulatory court has selected Asiatex to acquire Petitboy from CIC Banque de Vizille and bring the company out of receivership. The children’s clothing company has been held under observation for the past four months. Asiatex has agreed to acquire...
THE NETHERLANDS - 3i sells UTT in reverse takeover
3i has announced the sale of Rotterdam-headquartered United Transport Tankcontainers Holdings BV (UTT), the international tank container operator, to AIM-listed Interbulk Investments Plc in a net EUR 67m reverse takeover deal.
UK - BP Marsh investee firm floats on AIM
B.P. Marsh & Partners Plc, a niche venture capital provider to early-stage financial services businesses, today announces its first transaction following the company’s flotation on AIM on 2 February 2006.
GERMANY - Permira and Goldman Sachs line up Cognis for IPO
According to press reports, Permira and Goldman Sachs Capital Partners are shortly expected to announce the IPO of Cognis, a speciality chemicals company.
BELGIUM - KBC and Net Fund Europe sell Club
KBC Private Equity, Net Fund Europe and several private shareholders have concluded an agreement with Distripar on the sale of their entire stake in Club SA, valuing Club at EUR 21m. The transaction is still subject to certain conditions, including the...
NORWAY - Epcon sold to M-I Swaco
3i has sold its stake in Epcon Offshore AS, the leading provider of produced water treatment systems for the oil & gas industry, to M-I Swaco.
GERMANY - HarbourVest and AlpInvest complete German secondary deal
HarbourVest Partners and AlpInvest Partners have announced the completion of a secondary transaction involving the establishment of a new fund, Paragon Partners Secondary LP. As a result of the transaction, Paragon Partners acquired an existing portfolio...
SWEDEN - Oracle buys VC-backed HotSip
Oracle Corporation has entered into an agreement to acquire Swedish HotSip AB, which is backed by 3i, Argnor Wireless Ventures, GO Capital and Ledstiernan.
UK - AdEPT Telecom floats on AIM
AdEPT Telecom has acheived an IPO on the Alternative Investment Market (AIM) of the London Stock Exchange. Overall a total of 5.8 m common shares at a price of 140 pence were placed to institutional and other investors in the UK and Europe. The net proceeds...
GERMANY - Granville Baird exits Westfalia-Automotive Group
Granville Baird Capital Partners has sold its majority stake in the Westfalia-Automotive Group to Odewald & Compagnie. Granville Baird, together with company management, bought an 87.5% stake in the trailor coupling device specialist in 2000.
SWEDEN - Accent Equity divests Nordic Bake-Off to Vaasan & Vaasan
Accent Equity has announced the sale of Nordic Bake-Off to Vaasan & Vaasan, the Finnish Group of bakery businesses owned by CapVest Equity Partners. The value of the deal has not been disclosed, but it is understood that Accent has generated a very good...
GERMANY - 3i sells German betapharm to Dr Reddy’s Labs
3i has sold German generic pharmaceutical company betapharm Arzneimittel GmbH to Indian Dr Reddy’s Laboratories Ltd.
UK - Whittan acquired by Stirling Square Capital
Whittan Storage, the UK-based shelf manufacturer, has been acquired by buyout fund Stirling Square Capital Partners for £90m.