Exits
Altitude exits Mortec Semiconductor for 12.6x return
Altitude acquired the company in July 2016 in a deal that valued the company at around £1m
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
Agilitas sells Exemplar to Ares Management
Sale ends a four-year holding period for Agilitas, which backed the company via its Agilitas 2015 Private Equity Fund
ECI sells MPM to 3i for £170m
Other sponsors involved in the process included Livingbridge and Graphite Capital
Riverside sells Swedish Education Group for €18m
GP exits the business nine years after acquiring it via its 2008 fund Riverside Europe Fund IV
Hg exits Eucon to trade
Sale ends a four-year holding period for Hg, which backed the company via its Mercury Fund
GHO, co-investors complete Envision deal
Ardian and GHO started exploring options for the sale of Envision in May, with a deal struck in July
Agilitas buys TenCate Armor from Gilde's Royal TenCate
This is the sixth platform deal made by Agilitas via its second fund
Epidarex sells Sirakoss to VC-backed OssDsign
Epidarex Capital initially backed the £3.1m series-A for the bone graft substitutes developer in 2014
Maven, Par Equity sell Symphonic stakes to trade
US-based Ping Identity acquires the Edinburgh-headquartered identity and authorisation software
VCs sell Flaschenpost stakes to Oetker
Investors including Cherry Ventures and Vorwerk Ventures backed the drinks delivery company
Eurazeo exits Farfetch with €90.4m proceeds
Sale ends a four-year holding period for Eurazeo, which led a $110m series-F funding round for the company
Castik acquires Customs Support Group from Mentha
Buyout is the first deal from Castik's second fund, which closed in October 2020 on €1.25bn
LBO France completes FH Ortho trade sale
LBO France acquired the company via its €154m Hexagone III fund in 2014
Seafort sells Noventiz Group to trade
Packaging and waste disposal compliance business was acquired by Seafort from Auctus in 2013
Bregal to acquire STP from Hg
Hg invested in the legal software business via its first Mercury Fund in 2016
LBO France buys majority stake in Prenax
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Key Capital Partners exits Hallam Medical
Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment