Deals

ITALY - Sofipa makes 40% IRR on Teckal sale

Italian mid-market house Sofipa has sold energy services provider Teckal to Manutencoop Facility Management. The enterprise value of the exit is EUR 88m, with an implied equity value of EUR 61m. The IRR on the investment is approximately 40% with a cash...

  • Exits
UK - Kaupthing sees 67% IRR from Costcutter exit

Kaupthing has sold Costcutter to transport and shipping group Biddy Line recouping 2x its investment on its 18 month holding period. The exit represented an IRR of 67%. Costcutter's growth has been driven by new franchise agreements and strong sector...

  • Exits
UK - Foresight completes £2.8m MBI of Heritage House

Foresight Venture partners has completed the £2.8m management buy-in of Heritage House Media. Foresight led the financing, investing £1.4m through its funds Foresight VCT II and Foresight VCT III, and was joined by IBIS Media VCT and Calculus Capital,...

SWITZERLAND – AFINUM buys Pinova AG

AFINUM Management GmbH has wholly acquired Pinova AG from its founders for an undisclosed amount. The institution made the investment through its fund AFINUM Fünfte Beteiligungsgesellschaft mbH & Co KG.

FRANCE - Iris Capital exits Vox Mobili

Iris Capital and other investors have sold Vox Mobili to OnMobile. Vox Mobili, a software solutions provider specialising in personal mobile data management, was set up in 2000 with financing led by Iris Capital and including several other European venture...

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UK - Octopus acquires Smollensky's restaurant group

Octopus Private Equity has supported the acquisition of London restaurant group Smollensky’s. Octopus has committed £6m alongside senior debt from Alliance & Leicester to support the acquisition. Octopus is backing restaurateur Paul Lilley, whose past...

UK - BOSIF backs SBO of M&H Plastics from CCMP Capital

Bank of Scotland Integrated Finance has backed the secondary management buyout of Maynard & Harris Plastics (M&H) from CCMP Capital. CCMP completed the deal on behalf of JP Morgan Partners, CCMP having spunout of JP Morgan Partners in August 2006. The...

SPAIN - Kennet Partners makes first investment from new fund

Kennet Partners has led a EUR 7m series-A funding round for European Telemedicine Clinic (TMC), a teleradiology service provider. The deal represents Kennet's first investment from its new fund, Kennet III LP, and provides an exit for previous investors...

UK - TA Associates to float SmartStream

TA Associates is to float its software portfolio company SmartStream next month. The IPO is seeking to raise £100m, of which £30m will be from TA's sale of a 20% shareholding in the company as it plans to reduce its stake to approximately 60%.

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UK - Barclays Ventures sells ARM back to management

Barclays Ventures has sold its shareholding in Advanced Resource Managers Ltd (ARM) to the existing management team. The exit will generate an IRR of 25% for Barclays Ventures. Established in 1996, ARM is a technical recruitment and training consultancy...

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FINLAND - CapMan invests EUR 8m in Mawell

CapMan Technology 2007 Fund has invested approximately EUR 8m in Mawell, a software provider used in many Finnish and Swedish hospitals. As a result of the investment, CapMan becomes the largest shareholder in the company.

SWEDEN - Danske Venture Partners sells Netgiro for $27m

Danske Venture Partners has sold Swedish Netgiro to US e-commerce provider Digital River for $27m in cash. According to press reports British rival Datacash had previously agreed an offer of EUR 10.25m in February. The purchase was put on hold due to...

  • Exits