Exits
LDC exits Texthelp, Five Arrows invests
LDC was seeking around five potential sponsors in October 2020, one of which was ECI Partners
TSG Consumer Partners sells stake in Canyon Bicycles
Listed investment holding Groupe Bruxelles Lambert is to buy a stake in the Germany-based business
German government acquires 25% stake in KKR's Hensoldt
KKR is to own a 43% stake in the defence and security sensor company, which listed in September 2020
Borromin sells Guntermann & Drunck to Naxicap
SBO will result in returns of 3.9x money and 30% IRR, according to a source close to the situation
Advent sells Faerch to trade
Deal comes three years after the GP acquired the company from EQT, reportedly paying around тЌ1bn for it
MB Funds to sell Kotkamills to trade
Sale comes five years after an MB Funds-led consortium acquired the company from Opengate Capital
Cabot Square sells Asset Alliance for £4.1m
Asset Alliance's debt, including a ТЃ140m RCF, will be refinanced by the acquirer following completion
HVD Partners sells Solifos to trade
Turnarounds specialist scores 9x MM and an IRR of 135% on the sale, according to a statement
Polaris reaps high-teens return on €1bn sale of Molslinjen
Deal is the first exit from the GP's third buyout fund
ECI sells Arkessa to trade for 2.1x return
Arkessa was held in ECI Partners' 10th fund, which closed on ТЃ500m in 2014
PE-backed Elektroimportøren prices IPO
Company will start trading from 16 December on Euronext Growth Oslo
PE-backed Navico divests C-Map Commercial
Divestment will allow Navico to focus on its core business
Inflexion sells LCP to Charterhouse for £300m
LCP's executives and employees own a majority of its shares and its partners will increase their share
Castik sells Acrotec to Carlyle
Precision parts producer was valued at CHF 280m when it was acquired by Castik in 2016
Investcorp sells Avira, nets 200% IRR
Cybersecurity company saw EBITDA increase by 80% during the eight-month investment period
EQT sells Apleona to PAI for €1.6bn
Deal is PAI's first in the DACH region since appointing Ralph Heuwing as partner and head of DACH
Marcol-backed HealthHero acquires Eight Roads-backed Doctorlink
Doctorlink generated ТЃ3.8m in turnover and EBITDA of -ТЃ7.6m in the year ending on 30 June 2020
Nazca exits Moldcom to Cranemere's ES Group
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
Mutares-backed Balcke-Dürr sells Rothemühle to trade
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020
Horizon's Timico buys Arcus Cloud Services
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than ТЃ50m
Gimv sells Climate for Life to Parcom
Gimv formed the climate control business in 2016 by merging Itho Daalderop and Klimaatgarant
Alpina sells Modula to PE-backed Aptean
Alpina began its ERP software buy-and-build platform with the acquisition of Oxaion in 2015
SHS sells Puracon to IK-backed Klingel
Deal marks Klingel's third add-on under IK ownership, as well as SHS's third exit of 2020
Livingbridge sells Up Group to Omers-backed Alexander Mann
Livingbridge has invested in several recruitment businesses, including Armstrong Craven and Staffline