Exits
Verdane-backed Humble Co sold to Bayn Group for €80.5m
During the GP's holding period, the company's EBITA margin went from 7% to 40%
IK, Luxempart invest in Eurazeo's IM Global Partner
Eurazeo will remain the controlling shareholder in the business and continue to actively support the company
IK sells sink producer Schock to Triton
Kitchen sink producer was reportedly marketed based on projected 2021 EBITDA of €27-28m
VC-backed Apcintex acquired by Centessa
Centessa was launched this week following the merger of 10 private biotechnology companies, including Apcintex
Verdane-backed e-retailer Desenio to list in Q1
Private placement will give the company a valuation of around тЌ1.1bn
GCP sells Infinity Works to Accenture
GCP invested in Infinity Works in March 2019 as a minority partner to the founder management team
DACH exit rebound expected in H2 2021
DACH PE players completed 16 exits in January 2021, compared with 14 in January 2020, hinting at signs of a gradual recovery
PE-backed NutraQ sold to trade in NOK 3.1bn deal
Based on the company's 2020 EBITDA of NOK 188m, the deal achieved an EBITDA multiple of 16.5x
ECI-backed Edenhouse sold to trade
Accenture is a listed professional services conglomerate and acquires the IT service to improve its SAP provision capabilities
Hellman & Friedman sells Finanzcheck to VC-backed Smava
Acquisition of the consumer finance platform is financed by Smava's VC investors, including Earlybird
Sherpa sells Macrolibros to Gold Tower's Graficas Ceyde
With the addition of Macrolibros, Graficas Ceyde plans to boost its expansion into new business verticals
LDC-backed Onecom acquires BGF's Olive Communications
BGF invested ТЃ10m in Olive in 2016 in a deal that also raised ТЃ5.25m in debt provided by Barclays
Litorina-backed Fractal Gaming Group completes listing
IPO was priced at SEK 41 per share, which corresponds to a market capitalisation of around SEK 1.2bn (тЌ119m)
Zubr Capital, EBRD exit Targetprocess
Sale to Appito, a Vista Equity Partners portfolio company, is the first exit from Zubr's debut fund
LDC sells Adey for £210m
LDC acquired Adey in June 2016, with Alcentra providing a тЌ60m unitranche to support the deal
Bencis acquires PePe Parts from MKB
Bencis Capital Partners plans to support the motorcycle parts wholesaler's international expansion
YFM sells CPMS for 2x return
In 2018, YFM funded an MBO of CPMS with a ТЃ4.5m investment from its first buyout fund
PE-backed Oatly could list as early as May – report
Company was previously considering listing in Hong Kong, but is now looking at the US, according to reports
AnaCap sells Equa Bank to Raiffeisen Bank
GP says the digital bank had grown its deposit base and loan book by more than 12x and achieved 36x growth in revenues
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
VC-backed Auto1 completes IPO
Listing gives the company a market capitalisation of €7.9bn and sees gross proceeds of around €1.8bn
BGF sells Renal Services
During BGF's holding period, James Buckley joined the company as non-executive chairman
VCs sell stakes in Adjust to KKR's AppLovin
Exit reportedly values the app performance and marketing software at around $1bn
JB Capital sells Vitaldent Italia to BC Partners' DentalPro
Acquisition is financed through an equity investment by BC Partners and DentalPro's other shareholders