Exits
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 ТЃ120m 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
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 ТЃ6.3m for the year ending on 30 June 2019 from revenues of ТЃ81m
Sequoia-backed Charlotte Tilbury close to $1bn sale – report
Makeup producer and distributor generated around ТЃ200m 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 ТЃ75m
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
ICG-backed Adelie falls into administration
Trade buyers Greencore, Bakkavor and Samworths have all been listed as potential buyers
Genui to sell Cherry to Argand Partners
Germany-based GP will retain a 25% stake in the company, according to a competition authority filing
Horizon sells Connexas to trade
For the 2019 financial year, the company reported adjusted EBITDA of ТЃ6m from revenues of ТЃ18.4m
Invision sells Vantage Education
Sale ends a seven-year investment period, during which the GP backed five bolt-ons
Benson Oak fully exits Klikpojisteni.cz
Klik will join the group comprising Netrisk.hu and Biztositas.hu, backed by TA and MCI
S-UBG wholly acquires Palmer Hargreaves
S-UBG offers growth capital and seed funding through its Seed Fonds II Aachen fund
LitCapital exits NNL
Investment generates a 4x return, for an IRR of 26%, for LitCapital
Mutares sells Klann Packaging to Accursia Capital
Sale ends a nine-year holding period for Mutares and the GP is now focusing on larger investments
Parquest Capital sells Homeperf
GP, alongside minority shareholders BNP Paribas, Arkéa and Vivalto, reinvest in the business