Exits
Omers considers sale of ERM for £2.5bn – report
Omers Private Equity acquired ERM from Charterhouse for an enterprise value of $1.7bn in June 2015
Eurazeo exits Iberchem in €820m deal
Sale generates a cash-on-cash multiple of 2.1x and a 25% IRR for Eurazeo Capital
VC-backed Spacemaker sold to Autodesk for $240m
Deal comes a year and a half after the startup raised a $25m series-A round co-led by Northzone and Atomico in June 2019
Permira hires Goldman Sachs, Morgan Stanley for Dr Martens' IPO – report
Permira acquired the brand in 2013 for ТЃ300m, with debt provided by Barclays
EQT-backed HusCompagniet prices IPO
Company's IPO had reportedly been covered on the first day of the bookbuild
Mutares exits Nexive in €60m deal
Mutares and Dutch mail company Postnl sell the entire share capital of Nexive to Poste Italiane
Bridgepoint-backed Diaverum to launch IPO
Planned IPO could reportedly value at the renal care clinics group at more than тЌ2bn
LDC mandates Rothschild to sell Adey - report
LDC acquired the company in June 2016, using a тЌ60m unitranche provided by Alcentra
Montagu to acquire ISI from Citic
Completion of the sale is expected next month, subject to customary closing requirements
Nordic Capital-backed Nordnet prices IPO
Offer amounts to roughly 38% of the total number of shares being offered in the company
PE-backed Nets and Nexi sign agreement for merger
Deal values the Danish paytech company at тЌ7.8bn
BC to acquire Keesing from Ergon Capital, Mediahuis
Ergon invested through the тЌ350m buyout vehicle Ergon Capital III, which closed in 2010
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
EQT buys majority stake in Thinkproject from TA
TA Associates bought the construction software company in 2016 and has reinvested as part of the SBO
Electra hires Stifel for Hotter Shoes sale
Skelmersdale-based Hotter had revenues of ТЃ89.3m in the year ending on 31 January 2020
Second-round bids due next months for Kotkamills - report
Triton Partners is one of the GPs vying for the company, according to Mergermarket
Altitude exits Mortec Semiconductor for 12.6x return
Altitude acquired the company in July 2016 in a deal that valued the company at around ТЃ1m
MCH sells Lenitudes, invests in Atrys
Sale ends a six-year holding period for MCH, which acquired a 66.5% stake in Lenitudes via its third fund
Auctus buys Landbäckerei Sommer from SIP
SIP acquired the bakery chain in 2011 and has made returns of more than 20x its total investment
Lea Partners sells IDL to PE-backed Insightsoftware
Lea acquired a majority stake in the financial performance enterprise software business in 2019
PAI acquires LDC's Addo Food and Equistone's Winterbotham Darby
Both management teams have reinvested and operations will continue to be run separately
EQT sells Tia Technology to trade
GP is selling the company for $78m in cash on a fully diluted basis, six years after acquiring it
Private equity ramps up divestment efforts
Exit activity jumped by 50% in October, back to pre-pandemic levels, according to Unquote Data
LDC sells Babble to Graphite for £90m
LDC retains a minority stake in Babble, while the management team is reinvesting some of its proceeds