Exits
Patrimonium acquires Roth Group in SBO from Equistone
Equistone acquired the Swiss fire protection and construction company from Ufenau in 2016
Bridgepoint et al. sell Béaba to BlueGem
Bridgepoint inherited its Béaba shareholding in 2014 following its acquisition of Edmond de Rothschild Capital Partners
Permira-backed Allegro lists with market cap of €9.8bn
Allegro intends to use the proceeds, alongside a new credit facility, to repay its existing debt
Latour acquires Santiane from BlackFin for €200m EV
Santiane was marketed based on €15m EBITDA, with vendors expecting an EBITDA multiple of more than 10x
Apax sells SK FireSafety to API
SK FireSafety's management team will stay on with the company following the transaction
OpenGate-backed SMAC to sell Axter to trade
OpenGate last year carved out SMAC from French road construction company Colas
Kennet-, Eight Roads-backed Rimilia sold to trade for up to $150m
Nasdaq-listed BlackLine is an enterprise software company with a market capitalisation of $5.182bn
Sun Capital's Flabeg acquired by lender Cordet
Cordet Capital provided financing for the automotive glass parts supplier in 2016 and 2018
Further Global acquires majority stake in AA Ireland for €240m
AA Ireland posted €13.7m in net profits in the year to January 2020 on sales of €62.4m
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 €14.5m
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 £21m in 2018, as well as an operating loss of £5.5m
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