Exits
Summa-backed Olink files for US IPO
Olink has been backed by Summa Equity since March 2019 and increased its revenues by 16.7% in 2020
Miura sells Equipe Cerámicas to Mandarin's Italcer
Miura reinvests in the deal alongside Mandarin and retains a minority stake in the combined group
Pinova sells Human Solutions, Avalution to Bridgepoint's Humanetics
Deal is a partial exit for Pinova; the GP will retain fashion design software platform Assist
August Equity sells PCS to BC Partners' VetPartners
Sale ends a six-year holding period for August, which invested in the company via its ТЃ200m August Equity Partners III fund
Bowmark, LDC sell Node4 to Providence
IT business was expected to fetch a valuation in excess of ТЃ300m, based on a 15x multiple
Synova sells Tonic Games to Epic, nets 200% IRR
Exit closely follows that of Fairstone Group to TA, which resulted in a 4.5x return
Virgin Wines floats in £110m IPO, Connection reaps 7.6x
Mobeus remains invested in the business, while Connection makes a full exit
Platinum-backed Cision buys Brandwatch for $450m
Brandwatch raised around $65m over three funding rounds from VCs including Partech and Nauta
Partners Group buys Parmaco from Terra Firma-led group
Vendors reportedly sought a valuation of between тЌ800m-1bn for the company
Capidea buys toy company Maki from Industri Udvikling
Industri Udvikling had backed Maki since August 2017 and owned a 40% stake
HTGF, Neuhaus Partners sell stakes in Next Kraftwerke
Shell acquires the virtual power plants operator one month buying VC-backed Ubitricity
Latour buys Omni-Pac from Motion Equity and Arkéa
Omni-Pac's management team and Motion Equity Partners reinvest alongside Latour Capital
Carlyle sells Logoplaste stake to OTPP
Packaging producer posted 2020 EBITDA of €120m, compared with €78m when Carlyle invested in 2016
Virgin wines prices IPO, set for £110m float
Selling shareholders, including Mobeus and Connection Capital, will reap ТЃ35m
Pinova, eCapital sell stakes in BrandMaker to Rubicon
Rubicon Technology Partners aims to assist the marketing software with its international expansion
Synova scores 4.5x on sale of Fairstone to TA
UK-based IFA consolidation platform is the first exit for Synova's third fund
Nordian Capital sells BouWatch to Haniel
Mergermarket reported that the purchase price values the security systems business at €325m
Penta sells Mecom Group to US-based trade buyer
GP exits the meat-processing company 13 years after acquiring Mecom Humenne in 2008
Octopus-backed SimplyCook acquired by Nestlé
SimplyCook will continue to be led by its founding team from its base in London
VCs exit Cluno to VC-backed Cazoo
Germany-based Cluno was backed by Acton Capital, Atlantic Labs and Valar Ventures
FPE sells IWSR to Bowmark Capital
FPE Capital acquired the business in April 2018 and Allied Irish Bank provided acquisition finance
Novum Capital to sell CC Group to trade
Buyer is Waterland portfolio company Blue Phoenix; the sale ends Novum's three year holding period
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Nordic Capital-backed Cint lists on Nasdaq Stockholm
IPO was priced at SEK 72 per share, corresponding to a market capitalisation of roughly SEK 9.8bn (тЌ974m)