Exits
Innova exits Trimo to trade
GP acquired the company in a 2015 buyout from a group of Slovenian banks, including Nova Ljubljanska Banka
Hg sells Citation to KKR
KKR will also be investing from its Global Impact Fund, which closed on $1.3bn
Procuritas exits Temporary Space
Acquisition will help trade buyer Algeco to strengthen its position in the Nordic modular space market
EQT to launch Huscompagniet's IPO - report
IPO is expected to be launched by the end of the year or the beginning of 2021 at the latest
CVC's Syntegon sells Viersen-based operations to trade
CVC acquired Syntegon Technolgy in a carve-out from Robert Bosch in 2019 via its seventh fund
Bullnet Capital sells Codice SW to PE-backed Unity
Sale ends an 11-year holding period for Spanish venture capital firm Bullnet Capital
Mobeus sells Access-IS, nets 23.4% IRR
Since Mobeus's investment, Access has doubled revenues from ТЃ11.5m to more than ТЃ19m in 2019
Nordic PE exits hit new low in Q2
Volume of exits by PE firms across the Nordic countries in Q2 2020 fell to its lowest point in more than a decade, according to Unquote Data
BGF-backed Hobs sells Anexsys
Trade buyer Xact was acquired by JLL Partners from Clearview Capital in 2018 in an MBO
VCs sell stakes in Kandy Therapeutics to Bayer
Backers included Advent Life Sciences, Fountain Healthcare Partners, Forbion, OrbiMed and Longitude
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Horizon exits Glass Container to Vetropack
Glass Container companies are portfolio companies of Horizon Capital’s Western NIS Enterprise Fund
Marcol invests in Fernarzt, launches new HealthHero platform
Seed investor Heartbeat Labs will retain a 10% stake in Fernarzt
THCP-backed Byron to be acquired out of administration
Existing investors, including Three Hills Capital Partners, will retain a minority share
Capital D sells Invincible Brands to Henkel
Capital D acquired Invincible Brands for an undisclosed sum in January 2018
G Square looking to exit ISPS - report
G Square acquired the healthcare training business from Montefiore in 2016
White Bridge buys Alpha Test from Aksia
GP intends to support the company’s growth and expansion across the education sector in Europe
Aurelius's Office Depot to sell Spanish direct business to trade
Deal is Office Depot’s fourth divestment in nine months as part of its ongoing restructuring
PAI to acquire Amplitude from Apax
Apax, which currently owns 41.4% of the listed company, would fully exit its stake
Leonard Green-backed CPA merges with Clarivate in $6.8bn deal
Clarivate is anticipating adjusted revenues of $1.13-1.16bn and adjusted EBITDA of $395-420m for 2020
Ardian buys Finaxy from Equistone
Sale ends a six-year holding period for Equistone, which owned a stake of around 80% in the company
KKR sells Papresa to Quantum
Sale ends a six-year holding period for KKR, which acquired Papresa from Grupo Alfonso Gallardo
GCP exits DMW to Credera
DMW's management team, led by CEO Chris Dean, will continue in their current roles
IK sells Aposan to Ardian-backed Santé Cie
Sale ends an investment period of almost four years, during which revenues and EBITDA doubled