Exits
Capita to sell Eclipse to PE-backed Access UK for £56.5m
Access UK was backed by Hg in 2018 in a deal that valued the software developar at £1bn
3i-backed Evernex bolts on Vitruvian's Technogroup
3i deploys €47m in capital, while Vitruvian rolls over a significant investment in the combined group
DEWB sells MueTec to trade
China-based Suzhou TZTek Technology is to acquire the company for €25m, according to a statement
Aduram's Poggenpohl sold to trade
Deal has been approved by the company's creditors committee and is expected to close by the end of June
VCs exit Caroobi to Deutsches Werkstattnetz
Online car repair platform's previous investors included Cherry Ventures, DN Capital and Target Global
Square buys VC-backed payment app Verse
Verse joins the Cash App division at Square and continues to operate as an independent business
LEA Partners sells Bellin to trade
Sale to Nasdaq-listed Coupa marks the first exit from the GP's LEA Mittelstandspartner Fund
Black Toro exits steel producer Irestal
Deal ends a five-year holding period for Black Toro, which boosted the company's growth and expansion
Kinnevik to sell 23.2% stake in Qliro to Rite Ventures
Deal will make Rite Ventures the largest owner of the Nordic e-commerce group
Baring Vostok, RTP Global to exit 2GIS
Valuation of 100% of the company's shares for the purpose of the transaction amounted to RUB 14.3bn
Bridgepoint-backed Fat Face in debt-to-equity swap – report
Deal would reduce Fat Face's present £120m borrowing levels via a debt-for-equity swap
Vaaka Partners sells Kotikatu to Norvestor-backed PHM
Sale ends a five-year holding period for Vaaka, which owned a majority stake in the company
Livonia sells Thermory to UG Investeeringud
UG Investeeringud had previously been a minority shareholder of the company
P101 sells stake in Tannico to Campari
Campari Group acquired an overall stake of 49% in the company with an investment of €23.4m
Norvestor Equity sells Wexus to TDR-backed Algeco
Sale ends a three-year holding period for the GP, which invested in the company via its seventh fund
Black Toro sells Farggi Menorquina to Cheyne
Sale ends a three-year holding period for the GP, which invested in the company via its second fund
Enterprise Investors fully exits Novaturas
Following a high of PLN 55 in 2018, Novaturas' share price has been on a downward trend, further accelerated in February
Polaris exits Danish fashion brand PWT Group
Covid-19 ends a 12-year investment period during which the company grew to acquire five other brands
Alcuin sells AVMI to trade
AVMI reported EBITDA of £6.3m for the year ending on 30 June 2019 from revenues of £81m
Sequoia-backed Charlotte Tilbury close to $1bn sale – report
Makeup producer and distributor generated around £200m in revenues for 2019
VCs sell Peak Games to trade for $1.8bn
Earlybird, Hummingbird and Endeavour Catalyst have exited to US-based mobile game designer Zynga
RCP sells Zoggs to Head
Zoggs was a Risk Capital Partners II portfolio company; the vehicle held a final close in 2009 on £75m
Guru buys ETX from JRJ
JRJ began exploring a sale process for CFD brokerage in 2017, when it mandated RBC
Russmedia-backed Erento buys Campanda
Online camper van rental company's venture backers, including Accel and BtoV, sell their stakes