Exits
ICG buys stake in Alvinesa from Artá
With the GP's support, the business plans to further boost its growth and international expansion
Palamon, Corsair in £165m dividend recap for Currencies Direct
GPs reportedly mandated William Blair in December 2020 to explore strategic options
Gimv acquires Verkley from PHM Investments
Gimv has acquired Netherlands-based underground energy and water cable and pipeline specialist Verkley from PMH Investments.
Albion exits Berkley Care for 2.5x return
Sale ends a seven-year holding period for Albion, which initially invested ТЃ16m in the business
Emeram, Gimv acquire Sofatutor; VC backers exit
Previous investors in the online learning platform include Acton Capital, Frog Capital and IBB
Magnum exits Ita Mental Health to Korian
Sale ends a four-year holding period for the GP, which invested in the company via Magnum Capital II
Bowmark exits Oxford International in split deal
Schools division goes to Nord Anglia Education, while the rest of the business undergoes an MBO backed by THI
Waterland sells Base Logistics to Ardian's Staci
With this add-on, Staci expects to build a logistics group with annual turnover of €450m and 2,500 staff
CBPE sells Xceptor to Astorg for 10.8x return
Sale ends a four-year holding period for CBPE, which bought a majority stake in Xceptor from SVG Capital
HIG sells Infinigate to Bridgepoint
HIG invested in the cybersecurity service in 2017 and supported its European expansion
FPE sells Masstech to Genstar's Telestream
This is the second exit made by FPE Fund II, following the sale of intelligence provider IWSR to Bowmark
CVC eyeing AR Packaging sale - report
GP has reportedly engaged an adviser to solicit interest and has collected non-binding bids
CVC buys Cooper from Charterhouse for €2.2bn
CVC invests via fund VII, while Charterhouse will reinvest in the OTC pharmaceuticals business
ICG acquires Lucid Group from LDC
Sale ends a four-year holding period for LDC, which invested ТЃ11m in the company in exchange for a minority stake
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Triton invests in NPM Capital's Bergman Clinics
Investment is being made in partnership with NPM Capital and the Malenstein family
Kerogen sells Zennor Petroleum to trade
Kerogen Capital acquired a majority stake in Zennor in 2015, investing alongside Unigestion
Equistone sells Oikos to Goldman Sachs
Equistone acquired the prefabricated housing company in an SBO from Adcuram in 2018
Apax sells Sandaya to InfraVia
Sale ends a five-year holding period for Apax, which acquired a majority stake in Sandaya from Pragma Capital
Paragon sells NovumIP to GP-backed Questel
Transaction will see Paragon invest in Questel for a minority stake in the IP consultancy firm
FSI et al. sell Cedacri to Ion for €1.5bn
FSI intends to reinvest in Cedacri as a minority shareholder, doubling the capital deployed in 2017
Goldman Sachs, Kennet sell Nuxeo to Hyland Software
Goldman Sachs and Kennet Partners are expected to make a 5x return on their investment in Nuxeo
Pride Capital sells stake in Kairos to trade
Direct lender invested in Kairos in 2018 and was part of Main Capital until its spin-out in 2019
Beyond Capital Partners sells Sysob to trade
GP invested in the IT equipment distributor in 2016 via BCP Fund I; it is on the road for Fund II