Exits
KKR sells 33.33% stake in Acciona Energia for €445m
Energy group Acciona acquires a 13.33% stake in the company, while Axa IM buys 20%
Neuberger Berman, NB Aurora exit Elco
Neuberger Berman sells its 16.5% stake in the company and NB Aurora its 13.3% holding
Oakley exits Inspired Education
Oakley II held a final close on тЌ524m in December 2014 and has since made five realisations
Maxburg acquires Metoda from Bayern Kapital, HTGF, TEV
VCs exit the technology business having first invested in it in 2014
Elysian sells Wellbeing for 4.5x return
Wellbeing is a provider of radiology and maternity software that manages patient workflow and data
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
FVS exits Exor, buys stake in Holdex
FVS invests for minority stakes in Italian companies operating in a wide range of sectors
Quantum-backed Postcon sells subsidiary Pin
GP originally acquired the Germany-based postal service operator from PostNL in 2019
OpCapita's Sebeto sells Ham Holy Burger
With this divestment, Sebeto intends to focus on its core pizza and pasta business
CapMan to buy majority stake in Swedish firm PDS Vision
Deal will see minority shareholder Arctos Equity Partners exit the business
Lone Star sells Isaria to Deutsche Wohnen for €600m
GP is selling the majority of Isaria's real estate project development platforms
Arx reaps 3.6x on DCB trade sale
Divestment generates an overall cash-on-cash return of 3.6x and an IRR of more than 25%
Blackstone to continue preparations to acquire NIBC
Blackstone's offer comprises 995 euro cents per share, including the final dividend of 33 cents
Norgine acquires Azanta from European Equity Partners
Dutch pharmaceutical company Norgine had been a minority shareholder of the business since 2014
Siparex et al. exit Kiwatch to trade
Management team led by co-founders Williamson and Blanchard will stay on with the business
Dunedin exits Kingsbridge
Kingsbridge was a Dunedin Buyout Fund III portfolio company, which closed on ТЃ300m in June 2013
Lead Equities to exit MCL to One Equity Partners
One Equity will wholly acquire the Germany-based IT service, ending an eight-year holding period
Milestone's Dehaen bolts on Max Plus; Sodero exits
Senior debt to finance the deal is provided by CIC Ouest, Banque Populaire Grand Ouest and Caisse d'Epargne
CBPE sells SpaMedica to Nordic Capital-backed Ober Scharrer
Nordic Capital is currently investing from its ninth fund, Nordic Capital IX, which closed on тЌ4.3bn
Mediterra exits Mobiliz to GPS Bulgaria
Mediterra acquired Mobiliz for a total consideration of €5.05m in November 2012
Agilitas acquires Learning Curve from MML
Founded in 2004, Learning Curve is based in Durham and offers training and apprenticeships
Standard Investment sells Flatfield in SEK 182m deal
Sale ends a six-year holding period for Standard Investment, which owned a majority stake
Deal-doing slump threatens Benelux exit momentum
GPs divested or partially realised 90 assets last year, making 2019 the third busiest year on the exit front in the past decade
Innova to exit Polskie ePlatnosci in Nets sale
Innova Capital and other shareholders are to sell a total of 79.49%, and OPTeam is to sell 20.51% in PeP