Exits
PE-backed Trustpilot to list in H1 next year – report
Danish internet company could reportedly be listed at a valuation of $1bn
Bridgepoint-backed Diaverum plans IPO in November – reports
Transaction could reportedly value the company at more than €2bn
LDC exits Ellis Whittam to Marlowe in £59m deal
Sale ends a four-year holding period for LDC, which owned a minority stake in the company
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Ace buys Astorg's Aries Alliance, injects €20m in new money
Deal is the first for the aerospace-focused Ace Aero Partenaires fund, which reached a €630m first close
Investindustrial exits Aston Martin
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Rutland exits Armitage in £140m deal
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment
Egeria invests in Apoc Aviation
Deal is an exit for minority shareholder Antea, which invested in the company in 2015
BGF sells stake in Chase Distillery
BGF bought a minority stake in the gin and vodka producer in 2017
Cornerstone Capital exits EppsteinFoils to trade
GP invested in the metal foils producer, then known as Stanniolfabrik Eppstein, in 2008
Abris exits locomotive leasing business Cargounit to Three Seas
Polish buyout firm Abris Capital Partners has signed an agreement to sell its stake in Polish locomotive lessor Cargounit, also known as Industrial Division, to Three Seas Investment Fund (3SIIF).
Apollo sells Amissima Assicurazioni to Talanx
Sale does not include life insurance business Amissima Vita, which generated premiums of around €900m in 2019
Gimv exits Eurocept homecare division
Exit has no significant impact on the net asset value of Gimv as of 31 March 2020
HTGF, Evonik exit Synoste to trade
Deal is HTGF's 11th exit during the coronavirus pandemic, and comes seven years after the VC first invested in the company
Oakley acquires WindStar Medical
Pharmaceutical company's vendor is General Atlantic-backed NuCom, a ProSiebenSat subsidiary
Livingbridge sells Ten10 to Graphite Capital
Management team is led by Chris Shaw who was appointed as chief executive in September 2017
HTGF, Bayern Kapital exit ChromoTek to trade
VCs invested in the nanobodies developer in 2010; ChromoTek has been sold to a US-based market peer
Mercia sells Clear Review for £26m
Mercia portfolio director Nigel Owens, previously a non-executive director, will step down
LDC exits Mitrefinch
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Baird, Beechbrook complete Nigel Wright restructuring
Both institutional investors will retain minority positions in the recruitment business
Mid Europa sells minority stake in listed Waberer's
Transaction also includes a call option for trade buyer Indotek for the GP's remaining 47.99% stake
VC-backed Homebell sold to Portal United – report
VCs including Lakestar and Index have invested in the online home renovation booking platform
Ardian sells Gantner to Alantra-backed Salto
Deal is financed with a €125m capital increase deployed by Alantra, alongside Sofina, Peninsula and Florac
Omnes, BPI France sell Somos to trade
Semiconductor company has been acquired by Switzerland-based ST Microelectronics