Exits
3i sells stake in William Wilson to Wolseley in £81m deal
3i has sold its minority stake in William Wilson, one of the UK's leading independent suppliers of electrical, plumbing, heating and building products, to Wolseley plc, the global leader in heating and plumbing supplies and a leading supplier of building...
BancBoston Capital sells lingerie firm for x6 money
London based BancBoston Capital, now part of the European private equity network of Bank of America, has sold its stake in Unity Brands Ltd, the leading specialist lingerie manufacturer, to the incumbent management for a total return of six times its...
3i exits Encon for 5.8x money
3i has sold Encon, one of the UK's leading specialist distributors of insulation products, to Wolseley Plc, the global leader in heating and plumbing supplies and a leading supplier of building materials, in a deal worth £140.5m.
3i sells Republic to Change Capital
3i has sold its minority stake in Republic as part of a £105m deal that sees Change Capital become the majority shareholder. 3i’s proceeds represent a money multiple of 2.2x and an IRR of 80%.
3i sells stake in recruitment firm
3i has realised its minority stake in recruitment consultancy RK Group Ltd as part of the sale of RK Group Ltd to Quantica Plc, the FTSE listed recruitment and training group, in a £13m deal. 3i will receive proceeds of £3.6m, which represents a money...
Petrofac IPO success for 3i
3i has realised over £120m through the IPO of Petrofac, the international oil and gas facilities service provider, on the London Stock Exchange at a market capitalisation of £742m.
Bridgepoint makes 3x money on Virgin Active
Bridgepoint has sold its interest in health and fitness business Virgin Active for £134.5m following an agreement with Virgin Group to acquire its 55% stake.
3i makes 39% IRR on newspaper deal
3i has announced that it has entered into an agreement to sell Local Press Ltd, owner of the Belfast News Letter and Derry Journal, to Johnston Press plc in a £65m deal. 3i will receive proceeds of £40m which represents a money multiple of 1.7x and...
3i and Bridgepoint sell Care homes firm for £14.5m
3i and Bridgepoint have sold Templecare Ltd, the nursing homes operator, to Minster Care Management Ltd, a privately held care homes company, for £14.6m.
ISIS sells Assa for 2.5x multiple
ISIS Equity Partners has announced that Assa Training & Learning Ltd has been acquired by Carter & Carter Group Plc. ISIS invested in Assa in September 2003 in support of a management buyout. The original and subsequent investments, totalling £4m, were...
Graphite sells Equanet to generate 2.2x money
Graphite Capital, the UK mid-market private equity specialist, has sold Equanet, the IT hardware reseller, to DSG Retail Ltd, a wholly owned subsidiary of Dixons Stores Group Plc, for an undisclosed sum.
BCF sold for EUR 25.5m to Siparex
Diana Ingrédients, a global supplier of natural ingredients for the food and pharmaceuticals industries, has sold its subsidiary, BCF (headquartered in Morbihan, France) for an enterprise value of EUR 25.5m through an MBO led by financing group, Groupe...
3i sells UbiNetics to CSR for $48m
3i is selling its stake in UbiNetics to Cambridge Silicon Radio (CSR), the international short-range wireless company, which 3i backed in 1999 and helped float on the London Stock Exchange in April 2004.
Bridgepoint sells Lynx Express to UPS
Private equity firm Bridgepoint has sold its majority ownership of Lynx Express, one of the UK’s largest independent parcel carriers, to the global carrier, UPS. Nuneaton-based Lynx Express, in addition to its parcel delivery service, offers customers...
Spiarex makes 63% IRR on Axiam sale
Siparex SPF III Middle Market fund, which is managed by Sigefi Private Equity, the management company of the Siparex Group, has just sold its shares of Finaixam, the financial holding company of the Aixam group.
GED profits from Corporación Dermoestética IPO
GED Iberian Fund has sold 4.1% of Corporación Dermoestética for EUR 15m through the company’s recent IPO. GED has trebled the value of its initial stake and achieved IRR of 40% on the investment.
VC syndicate sells GylcArt to Roche for SFr 235m
Global Life Science Ventures (GLSV) has announced thatRoche, one of the world’s leading research-focused healthcare groups in pharmaceuticals anddiagnostics, has signed an agreement to acquire privately held GlycArt Biotechnology AG, aportfolio company...
Oxonica achieves £35m market cap on stock market debut
Oxonica has raised approximately £7.1m (net of expenses) through a placing of 8,658,796 new ordinary shares at 95.8 pence per share. In addition, Oxonica shareholders have converted loans of approximately £2m into ordinary shares at 95.8 pence per...
3i firm sold to Japanese trade buyer
Sosei Co. Ltd, a leading Japanese biopharmaceutical company with operations in Japan and the UK, announces that it has agreed terms with Arakis and its shareholders to combine its business with Arakis Limited, a private UK-based biopharmaceutical company,...
Duke Street sells French hotel chain
Duke Street Capital, the independent private equity manager, has announced the sale of Financière Galaxie SAS to Eurazeo. Galaxie owns B&B Hotels, the third largest budget hotel chain in France, with further hotels in Germany.
Wellington profits from net mobile IPO
net mobile AG, which has been a Wellington Partners portfolio company since 2003, has gone public at an issue price of EUR 8.50 per share, and already recorded a double-digit rise in the share price on the first trading day. Prior to the launch, net mobile...
Cinven sells NCP to 3i
Cinven has agreed the sale of NCP to 3i for an enterprise value of £555m. NCP was one of the early investments made by the EUR 4.4bn third Cinven fund in 2002 and Cinven’s exit sees the fund making a return of about three times its original equity...
Quick exit for Gresham makes 200% IRR
Gresham has announced that it has made a successful exit from ANSA, a national claims management business that offers a fully integrated service to deal with insurers’ drainage claims. The move comes just 12 months after Gresham provided the equity...
3i exits Zenith with 60% IRR
3i has sold its minority stake in Zenith, one of the UK’s largest independent vehicle leasing companies to Dunedin Capital Partners, in a total deal worth £27m.