Exits
TA sells ITRS to Montagu
Montagu Private Equity acquires companies with enterprise values of тЌ200m-1bn
Montagu buys IMV from Qualium
Sale ends a holding period of more than six years for Qualium, which acquired the company from Pragma Capital
Connection sells Carter to trade for 4x return
In addition to the original investment, Connection participated in two further funding rounds
Livingbridge sells Broadstone to ICG
Broadstone generated EBITDA of ТЃ646,000 from revenues of ТЃ9.5m in the year ending on 30 June 2019
CBPE hires Arma to sell Xceptor
Xceptor recorded group revenues of ТЃ27m and EBITDA of ТЃ10.8m for the year ending on 31 July 2020
Abénex backs Squad MBO, Apax exits
Apax Partners Development (formerly EPF Partners) invested around €10m in the cybersecurity firm in 2017
IK sells minority stake in Third Bridge to Astorg
IK Investment Partners has entered into an agreement to sell its minority stake in Third Bridge to French private equity firm Astorg.
eEquity, Bonnier Ventures sell Refunder to trade
eEquity exits the company three years after acquiring a majority stake in the company, and achieved a multiple of 3-5x on the transaction
Insight Partners leads $100m round for Jedox
Investment of more than $100m has also generated returns for early investors including eCapital
Mobeus sells Bourn Hall to Canadian investor Triangle Healthcare
Fertility clinic Bourn Hall generated revenues of ТЃ10.9m in 2019, down from ТЃ12m in 2018
Inflexion exits Bollington Wilson to trade
GP formed the company by merging two insurance brokers in 2017, investing via Inflexion Buyout IV
Siparex exits microcars maker Ligier
Sale ends a five-year holding period for Siparex, which acquired a majority stake in Ligier from 21 Partners
Alder sells Nordic Water to trade
Swiss buyer is paying тЌ119m for the company and will see Alder and the management exit the business
Apax France to acquire NL Mental Care from NPM Capital
NL Mental Care was acquired by NPM in 2013 and made a series of add-ons during the investment period
VC-backed Pflege.de to be acquired by Hartmann
VCs who have backed the home care information website include Hanse Ventures and Holtzbrinck Digital
Westlake sells Somatex to trade for $64m
US-based listed medical devices business Hologic acquires the business in a $64m deal
NVM sells It's All Good to CapVest-backed Valeo Foods
IAG is the 15th food business to be acquired by Valeo Foods since it was founded in 2010
Pollen Street sells SRG to HGGC
Deal represents a full exit for Pollen Street Capital, which was invested in SRG through its third fund
Alcedo to sell Nahrin SwissCare to Vam
Vam Investments takes stakes in businesses requiring restructurings, with a required investment of €5-20m
MB Funds to sell A-Katsastus to Finnish cooperative Tradeka
Exit comes a year and a half after the Finnish GP acquired the company from Bridgepoint, having also owned the company between 2003 and 2006
Maj Invest acquires Ferm Living from Vendis Capital
Deal reportedly values the interior design company at around тЌ67m
IK sells Signature Foods to Pamplona
IK acquired the company from its IK VII fund, which closed on €1.4bn in October 2013
Latour sells Nextpool to B&Capital-led consortium
GP sells its stake six years after acquiring it via Latour Capital I in December 2014
VC-backed Cazoo acquires Target Global-backed Drover
Cazoo generates revenue of ТЃ150m and has a valuation of more than ТЃ2bn