Exits
Endless exits Carpet & Flooring in trade sale
GP acquired the carpet and flooring division of listed building products company SIG in early 2017
Parsley Box floats in £84m IPO, Mobeus reaps 4.2x return
Mobeus sells one third of its holding, while remaining as the largest institutional shareholder in the business with a 14% stake
Mid Europa acquires MCI-backed e-commerce platform Pigu
MCI will reinvest in the deal, which also sees Pigu merge with Estonia-headquartered Hobby Hall
Bregal to acquire Afinum's Perfect Drive Sports Group
Bregal announced the deal in conjunction with the €1.875bn close of Bregal Unternehmerkapital III
EQT in exclusivity to acquire Cerba from Partners Group
Medical diagnostics business has previously been backed by sponsors including Astorg, IK and PAI
Astorg buys majority stake in Five Arrows-backed Opus 2
Five Arrows bought a minority stake in the legal technology company in 2017 and will now reinvest
Astorg in exclusive negotiations for CVC's Corialis
SBO will be the fifth PE buyout for the aluminum door and window systems producer since 2004
CapVest sells Eight Fifty to Sofina Foods
Combined group is expected to employ 13,000 staff across 44 sites and generate $6bn in annual revenues
Nordic Capital nets strong return on €2.1bn Itiviti trade sale
GP had delisted the trading technology and services provider in 2012
BIP management presentations ongoing, with strong PE interest
Apax acquired a 60% stake in the business from private equity firm Argos Wityu in early 2018
Procuritas to net 8x on Pierce IPO
GP acquired the online motorcycle parts and accessories retailer in 2014
Semantix owner Segulah preps exit with William Blair
Semantix was originally established in 1969 and was acquired by Segulah in 2015
H2 Equity readies Brink exit with Houlihan Lokey
Brink will be marketed based on EBITDA of more than €25m, according to one source
Nordic IPO rush drives exit opportunities for GPs
Wave of Nordic IPOs shows no signs of receding this year, often driven by new opportunities emerging from the pandemic
TDR Capital acquires BPP from Apollo's Vanta Education
Vocational course provider BPP was acquired by Vanta Education in 2009, prior to Apollo's investment
Vallis sells Imperial to trade
Sale ends a six-year investment period for Vallis, which invested in the business via Vallis Sustainable Investments I
Hg sells Trace One to Symphony Technology Group
Hg invested in the retail and branding management software in 2016 via HgCapital Mercury Fund
Activa sells Active Assurances to Silver Lake's Meilleurtaux
Sale ends a three-year holding period for Activa, which invested in Active Assurances alongside BPI France
TA Associates, Partners Group buy Unit4 in $2bn deal
Sale ends a seven-year holding period for Advent International, which took Unit4 private in a €1.2bn deal
SEP sells Dotmatics to Insight Partners' Insightful Science
Scottish Equity Partners invested in the scientific informatics software in 2017
Triton reaps 2.4x return on sale of Logstor
Deal comes more than seven years after Triton invested in Logstor via Triton Fund III
Bridgepoint sells US-based Calypso to Thoma Bravo
Deal values the financial services software firm at $3.75bn, according to several media reports
Inflexion sells Kynetec to Paine Schwartz Partners
Fourth exit in four months sees the GP net returns of more than 3x money and a 25% IRR
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe