Exits
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
Atena Equity exits Portuguese foundry ASBW
Sale ends a four-year holding period for the GP, which invested in the company via its first fund
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%
HIG sells HCS Group's US oxo oils business
HIG has been building the chemical company since its acquisition of Haltermann Products in 2011
Perusa-backed restaurant chain Maredo files for insolvency
Germany-based steak restaurant chain cited financial problems due to coronavirus-related closures
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 £300m 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 €4.3bn
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
NorthEdge sells stake in Cubic Motion
NorthEdge made a commitment for a capital investment of up to £20m for a minority stake in 2017
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
Intera sells majority of PHM stake to Norvestor
Under Intera's one-and-a-half-year ownership, revenues of PHM grew from €45m to €120m
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
YFM exits GroupBC investment
YFM Equity Partners injected £3.35m into the company in 2014, carving it out from Unit4
Coronavirus: PE processes that could be affected
A round-up of ongoing and expected sale processes in sectors impacted by the coronavirus outbreak
General Atlantic exits ControlExpert to Allianz X
Exit comes after a three-year investment period in the vehicle insurance claim auditing platform