Exits
PE-backed Cint announces intention to float
Offering is expected to provide Cint with proceeds of approximately тЌ75m
RCapital's Archant sells The New European
Former Independent CEO Gavin O'Reilly becomes executive chairman of the new company
Advent-backed Cobham sells mission systems business for $2.83bn
Advent acquired Cobham in 2020 for ТЃ4bn, drawing equity from the $17.5bn fund Advent International GPE IX
EQT Ventures et al. sell Peakon to trade for $700m
Since being founded in 2015, Peakon raised around $68m from investors including EQT Ventures, Atomico, IDInvest, Balderton and Heartcore.
Permira-backed Dr Martens prices IPO with valuation of £3.7bn
During Permira's holding period, the boot maker's turnover has grown from ТЃ209m in 2014 to ТЃ672m in 2020
VCs sell stakes in Rhebo to trade
eCapital, TFS, Montan-Ventures-Saar and VNG Innovation previously backed the cybersecurity company
Capital Croissance buys majority stake in Cathay's Smart AdServer
Cathay will retain a minority stake as part of the deal, having acquired the business in 2015
Advent-backed InPost prices IPO at €8bn valuation
Company has been owned by Advent International, which acquired the company alongside its listed parent company Integer in April 2017
Apax, DTCP, Summit exit Signavio
Apax Partners, Deutsche Telekom Capital Partners (DTCP) and Summit Partners have sold their stakes in Germany-based business process management software business Signavio to SAP.
Foresight sells FFX to H2 for 4.3x return
H2 focuses on mid-sized companies in the UK, Ireland and the Benelux region
Levine Leichtman sells stake in ZorgDomein
Rabobank is to acquire a 34% stake in the healthcare platform via its Corporate Investments arm
Sagard buys Nutrisens from Evolem, Unigrains
Nutrisens management team, led by CEO Georges Devesa, retains a significant stake in the company
Litorina-backed Fractal Gaming Group to list
Intention to list comes four years after the GP acquired the company via its fourth fund
IBB, Picus-backed Getsurance sold to trade
Insurtech company raised €2m in 2017 from Picus Capital and IBB but filed for insolvency in 2020
Lonsdale sells GYG for a 3x return
GYG had a market capitalisation of £35.7m at the time of publication
VC-backed Ubitricity sold to Shell
Investors including Earlybird and IBB previously backed the electric vehicle charging startup
Nordic Capital-backed Trustly to list before summer – report
According to a press report, Swedish institutions would like the company to remain in Stockholm
Permira-backed Dr Martens to publish IPO prospectus
Morgan Stanley and Goldman Sachs are the joint global co-ordinators on the listing
HIG exits Royo Group's furniture unit
HIG, alongside the Royo family, retains Royo's shower tray business, which operates under the Fiora brand
EMH sells stake in Native Instruments
SBO to Francisco Partners sees EMH and Native Instruments' management retain a minority stake
InfraVia's Celeste acquires PE-backed VTX Telecom
Exiting their stakes, Iris and Siparex first invested in the telecoms service in 1999 and 2005 respectively
Baird sells Prescient to BDC
In November 2020, the vendor requested another set of indicative offers from seven or eight bidders
Partech sells stake in Once Dating to trade
French VC first invested in the dating app in 2015 via its first Partech Entrepreneur fund
Hellman & Friedman transfers TeamSystem from fund VII to fund IX
Hg and the company's management team reinvest in the transaction as minority shareholders