Exits
UK - 3i makes 3.4x its money on sale of WiIliams Lea
3i has sold its minority stake in Williams Lea, the leading global provider of customised Corporate Information Solutions, for £110m to Deutsche Post.
DENMARK - MACH acquires venture-backed End2End
MACH has today announced its acquisition of Aalborg-based End2End. The financial terms of the transaction were not disclosed.
UK - NBGI sells Nationwide Autocentres to Phoenix
NBGI Private Equity has realised its investment in Nationwide Autocentres,the independent car servicing business, via a £49m Phoenix secondary buyout.
US - Norwegian TANDBERG Television buys venture-backed SkyStream for $80m
Oslo-based TANDBERG Television has signed a definitive agreement to acquire venture-backed SkyStream.
SWEDEN - Nordic Capital and Accent to float KappAhl
Swedish fashion retailer KappAhl, owned by Nordic Capital and Accent Equity Partners, has announced plans to list on Stockholm Stock Exchange on 23 February.
SWEDEN - Ratos to release SEK 577m by refinancing Lindab
Lindab’s owners, including Ratos, will release a total of SEK 1.2bn through a redemption procedure.
FINLAND - CapMan exits from Puulämpö Yhtiöt Oy
Puulämpö Yhtiöt Oy, a portfolio company of CapMan funds Finnventure II, Finnventure III and Finnmezzanine I, will redeem the funds’ ownership in the company.
SWEDEN - Martin Dawes Systems buys venture backed Visual Wireless
Martin Dawes Systems has announced its acquisition of Visual Wireless and the formation of a new international revenue assurance business.
UK - Gresham exits Altair
Gresham has announced that it has successfully exited Altair through the sale of the business to GE Energy.
Alchemy exits Alcentra Group
The Alchemy Investment Plan has announced the completion of the sale of Alcentra Group to The Bank of New York. The exit has enabled Alchemy to return 3.8x to investors and generate an IRR of 57%.
ISIS sells Language Line for £25m
ISIS Equity Partners has announced the sale of Language Line to Language Line Inc for £25m. Language Line is a UK provider of telephone interpretation services. ISIS invested in Language Line in August 2003 leading a £15m secondary buyout from ECI....
Charterhouse to exit Lucite
Charterhouse intends to exit its investment in Lucite. The private equity house recently mandated Deutsche Bank to handle the sale after receiving unsolicited approaches from trade buyers. The possible value of a sale has been estimated at £1.4bn, with...
Tile maker IPO for Permira
Marazzi, the Italian tile maker, is expected to IPO in February with a market value of up to EUR 1.25bn. The company is owned by the Marazzi family and Permira, which holds a 33% interest in the firm. The family is expected to hold around 50% of the company’s...
EQT sells Findus to Capvest portfolio firm
EQT II has signed an agreement with FoodVest, a holding company controlled by private equity firm CapVest Equity Partners, to sell Findus AB. EQT acquired Findus from Nestlé SA in January 2000 and since then has substantially restructured and reshaped...
3i sells Witwood Food stake to management
3i has sold its minority shareholding in Witwood Food Products, a manufacturer of specialist food coatings for the frozen and chilled food industry.
Bridgepoint sells wind farm stake to Acciona
Bridgepoint has sold its stake in Spanish wind farm developer CESA following an offer for the entire business by Spanish construction and energy group Acciona which values the business at EUR 1.47bn. The transaction is subject to approval from Spanish...
BC Partners in lucrative Galbani sale
Groupe Lactalis, a French milk and cheese producer, is reported to have acquired Italian rival Galbani from UK-based buyout firm BC Partners. Although financing terms have not been revealed, the price is estimated to be in the region of EUR 1.5bn.
ECI makes 8x multiple on ClarityBlue sale
ECI Partners, a UK mid-market buyout specialist, has sold ClarityBlue to Experian, a subsidiary of GUS Plc, for £85m. This represents an 8x multiple on ECI’s investment in two and a half years.
Close sells Laybond to Bostik
Close Brothers Private Equity (CBPE) has announced the sale of Laybond Group to Bostik, the global adhesives and sealants company, for an undisclosed sum.
YFM profits from Hargreaves IPO
Shares in Hargreaves Services Plc which floated on AIM earlier this month are now trading at an 20% premium to the 243p per share issue price. The company, a leading provider of bulk materials, principally coal, and support services to the energy and...
Graphite earns 3.2x return on sale of U-POL to ABN AMRO
Graphite Capital, the mid-market private equity specialist, has agreed to sell U-POL, the UK’s leading automotive refinish manufacturer, to ABN AMRO Capital in a deal which values the business at £75m. The transaction, which is expected to complete...
3i makes 3.3x money on Warren's sale
3i has announced that it has sold its minority stake in A Warren & Sons Ltd, a leading supplier of industrial products to the construction industry, to the BSS Group. BSS has paid £14m in cash on completion with a further amount of up to £750,000 maximum,...
Dunedin trust profits from Davenham float
Dunedin Enterprise Investment Trust Plc, which specialises in the provision of equity finance for management buyouts, management buyins and growing businesses, has announced that it will realise part of its investment in Davenham Group Plc on completion...
Bridgepoint sells Theatre group
Andrew Lloyd Webber has announced that he has reached agreement to buy the 50% share of Really Useful Theatres owned by joint venture partner, Bridgepoint, for an undisclosed sum. He reiterated his commitment to the future of London’s theatre and £10m...