Exits
Hilco-backed HMV enters administration
Group's 125 stores will continue to trade while a buyer is sought for the business
Capital Croissance acquires Vlad from UI Gestion
UI Gestion sells its stake in France-based Vlad, while BPI France and management reinvest
Stirling Square buys Verescence in SBO
GP buys France-based Verescence, a glass packaging specialist, from Oaktree
IK's Mademoiselle Desserts bolts on Les Délices des 7 Vallées
France-based Mademoiselle Desserts completes its second bolt-on since the IK acquisition
Cinven buys One.com from Accel-KKR
Revenues doubled from тЌ30m to тЌ60m in four years, according to the vendor
Inflexion, NVM exit CloserStill Media in SBO
Inflexion acquired a minority stake in CloserStill through its Partnership Capital fund in 2015
Principia sells Comecer to trade
ATS also acquires a majority stake from the Zanelli family for a total purchase price of €113m
Equistone sells Otto Luft- und Klimatechnik to trade
Equistone's 11th exit this year, and the sixth from Equistone Partners Europe Fund IV
YFM reaps 3.4x on sale of GTK
Sale of the UK-based provider of electronics to a strategic trade buyer generates a 36% IRR
Paragon sells Kadi to Invision
Sale ends a holding period of five and a half years for Paragon, which acquired Kadi in an SBO
YFM exits Gill Marine
Exit delivers a 2x return on YFM Equity Partners' original ТЃ9m investment, made in September 2013
LDC exits Prism Medical UK in SBO
Sale ends a four-year holding period for LDC, which acquired Prism from Toronto-based Prism Medical
TPG to sell TES Global to Providence
Transaction for digital education resources platform was reportedly based on EBITDA of ТЃ6.5m
BC Partners and PSP sell Antelliq to trade in €3bn deal
Merck will pay around €2.1bn to buy the outstanding shares of and assume the €1.15bn debt
Siparex et al. back Mathevon in SBO
Transaction sees Aquasourca, Garibaldi Participations, Esfin Gestion and BPI France exit
AnaCap exits AssurOne
Deal ends a four-year holding period for AnaCap, which bought AssurOne from Seventure and BPI France
Andera sells Scalian to Cobepa – reports
Andera wholly owns the engineering consultancy, having acquired stakes in 2015 and early 2018
YFM makes 2.7x on sale of Mangar Health to PE-backed Winncare Group
Sale ends a holding period of four years for YFMтs British Smaller Companies VCTs
3i reaps £52m from Aspen Pumps refinancing
Sum returned from the pump manufacturer equates to 0.8x 3i's initial investment in the business
NPM Capital to sell Iddink to trade in €277m deal
Netherlands-based Iddink Group, an educational platform, is sold to Finnish Sanoma Group
Key Capital Partners sells Alliance in Partnership
GP sells the Birmingham-based specialist catering group to multinational catering company Sodexo
Mid Europa buys Intive from Enterprise Investors
Enterprise initially invested in BLStream, then backed SMT Software Services, and built up the group
NB Renaissance Partners buys Hydro from Mandarin
GP buys the firm from Mandarin Capital Partners, Atlante Private Equity and minority shareholders
Riverside sells DPA to PE-backed RCF Group
Riverside said the company's sales and EBITDA nearly doubled during its five-year tenure