Exits
Further Global acquires majority stake in AA Ireland for €240m
AA Ireland posted тЌ13.7m in net profits in the year to January 2020 on sales of тЌ62.4m
Warburg Pincus sells stake in Avaloq at CHF 2bn valuation
GP invested in the banking software platform in 2017 at a CHF 1bn valuation and held a 45% stake
Norvestor exits Aptilo Networks to trade
GP exits the company nine years after acquiring it for тЌ14.5m
Nordic Capital, Carlyle bid for Octopus-backed Calastone
Trade bidders are also competing in the process, while Motive Partners was bidding, but is no longer involved
HTGF, WestTech sell Semknox to trade
Sale of its stake in the AI-backed product search software platform is HTGF's eighth exit of 2020
Keyhaven sells TCX to Investcorp's Dainese
Company becomes part of the Dainese group, which designs clothing for outdoor sports and is controlled by Investcorp
Main Capital sells RVC Medical to trade
Sale process saw interest from sponsors and corporates, and ends a six-year holding period for Main Capital
Livingbridge sells Mobysoft to ECI
Livingbridge began preparations to exit the company in July 2020, in a GCA Altium-led auction process
TDR-backed Buffalo Grill acquires distressed rival Courtepaille
Sale process was initiated by Courtepaille's PE sponsor Intermediate Capital Group, which filed for a receivership procedure in July
Mavenir buys VC-backed IP Access
Following the deal, IP Access will operate as a business unit within Mavenir's emerging business group
BC-backed Côte acquired by Partners Group
Former Wagamama CEO Jane Holbrook joins the French-style dining chain's board as chair
Italian PE players highlight silver linings amid crisis
Fundraising challenges, portfolio support and new opportunities were key themes discussed at last week’s Unquote Italian Private Equity Forum
Mayfair-, Hoxton-backed SuperAwesome sold to trade
SuperAwesome reported revenues of ТЃ21m in 2018, as well as an operating loss of ТЃ5.5m
DBAG partially realises investment in Pfaudler
Pfaudler's listed subsidiary, GMM Pfaudler, acquires an 80% stake in the business
VC-backed Snyk acquires BtoV portfolio company DeepCode
Cyber security software Snyk raised $200m at a $2.6bn valuation earlier in September 2020
UK deal pipeline: live, expected and pulled sale processes
A round-up of sale processes ongoing or expected to launch in the coming months in the UK, courtesy of Unquote sister publication Mergermarket
Hg sells A-Plan to trade buyer Howden
A-Plan was part of the portfolio of Hg 7, which closed on ТЃ2bn in April 2013
UK exits set to drag in Q3
Early figures from the third quarter suggest that very few GPs will be in sell mode for the rest of the year
Apax sells Neuraxpharm to Permira
Deal values the company at more than €1.6bn and is set to generate returns for Apax of 3.5x money
Polaris and AAC Capital exit BabySam to trade – report
GPs had reportedly been preparing to sell BabySam as early as 2017
DACH deal pipeline: live, expected and pulled sale processes
A round-up of sale processes ongoing or expected to launch in the coming months in DACH, courtesy of Unquote sister publication Mergermarket
Siparex, BPI France sell Duralex to trade
Firms invested in the business in 2015 alongside management, acquiring it from Initiative & Finance
Peak Rock acquires Halo Foods
Founded in 1980, Halo generated revenues of ТЃ35.2m in the year to 28 December 2019
French deal pipeline: live, expected and pulled sale processes
A round-up of sale processes ongoing or expected to launch in the coming months in France, courtesy of Unquote sister publication Mergermarket