Exits
Afinum sells Meridian to TDR Capital-backed David Lloyd
Sale ends a six-year holding period for Afinum, which bought Meridian via Eigenkapitalfonds Mittelstand fund
Calculus exits Once Upon A Time in management buy-back
Tosca Debt Capital has provided a first lien facility to support the acquisition
Mercurius exits GVG Glasfaser
GP bought a stake in the broadband provider in 2014 and began considering strategic options in 2019
Azini Capital sells ClusterSeven to Hg backed-Mitratech
Sale ends a five-year holding period for Azini, which acquired ClusterSeven via its $100m third fund
KKR-backed Calisen to raise $1.87bn via IPO
Calisen indicated it plans to float nearly 25% of the business at a price of 225-265 pence per share
Carlyle writes down Addison Lee investment
Addison Lee, a taxi service and cab hailing app, owes £250m to its lenders, including HSBC
PAI sells Albea's dispensers business for $900m
GP continues to manage the remaining business of Albea as a portfolio company of PAI Europe VI
Merino-backed Hawkin's Bazaar appoints administrators
Company reported a loss of almost £1m on £15.3m in sales in 2018 and employs 177 people
Foresight invests £16.8m in Signature
Foresight Group will provide an initial £5m revolving credit facility to Signature
Rhône Capital exits Milan-listed Unieuro
Total proceeds from Rhône Capital's investment in Unieuro amount to approximately €202m
Permira sells Duff & Phelps for $4.2bn
New York-based Duff & Phelps is a business service that employs 3,500 people globally
BC Partners puts CeramTec on exit radar
While a formal process is yet to launch, Goldman Sachs is seen to be in a strong position for the mandate
HLD Europe to buy Exxelia from IK
IK backed the France-based business in 2014 via its IK VII fund, which closed on €1.7bn in 2013
MTIP et al. exit Blueprint Genetics to trade
Listed, US-based diagnostic information service Quest Diagnostics has acquired Blueprint
PE-backed Avisa bolts on consulting firm CEIS
Merger will help the group provide a wider range of cybersecurity-related services
Miura exits Tiendanimal
Sale ends a six-year holding period for the GP, which was invested via Miura Fund II
Fondo Agroalimentare Italiano exits Sfoglia Torino
First exit made by the fund, which closed on €55m in 2019 and has invested €33m so far
EI sells Danwood to trade for €140m
Enterprise Investors wholly acquired the company in a carve-out from Budimex in December 2013
LDC exits Keoghs
Keoghs CEO John Whittle and the management team will continue to lead the business
EQT to float Musti
Musti generated EBITDA of €34.3m from revenues of €246.6m for the year ending in September 2019
Inflexion acquires Marston minority stake
Marston is a judicial services group, which recovers funds on behalf of taxpayers and businesses
Peninsula backs Zadig & Voltaire
TA Associates, the current minority partner, will exit its investment in the luxury brand
Aurelius sells Ghotel to trade for €63m
GP acquired the hotel chain in 2006 and backed several add-ons during the investment period
MML acquires Arrow from GCP
CVC Credit has provided a £70m acquisition facility to the business support service