Deals
LGT sells Batisanté to IK Partners
New owner investing via Fund IX; looks to grow the company organically
Inflexion explores sale of Automotive Transformation Group
UK-based automotive software solutions provider is expected to be marketed off GBP 15m in a sale led by Houlihan Lokey
Main sells LOCATIQS to PE-backed Sogelink
Owned by Keensight, the combined group will have around EUR 120m revenues and will seek further acquisitions
Gramex Drinks sponsors in bilateral talks with strategic suitors
Owners ARX Equity and Structured Capital are evaluating offers against other options for developing the Hungarian soft drinks maker
Palatine backed-Veincentre stake for sale with Grant Thornton
Auction of UK-based clinic chain specialising in the treatment of varicose veins aims to attract a majority investor
IK pre-empts Batisanté sale at the start of second round
LGT-owned building hygiene and safety specialist attracted interest from several other financial sponsors
Oaktree exits Ascot Lloyd to Nordic Capital
New owner is acquiring the UK-based independent financial advisor via Nordic X
Soho Square launches auction for Technical Fire Safety Group
Sellside adviser Rothschild has distributed information memoranda to prospective buyers
Chequers weighs sale of textile chemicals maker Bozzetto
Sponsor will be advised by Lazard on the upcoming auction for the Italian producer of polymers and resins
Progressio exits Save the Duck to L'Occitane bosses
New owners pre-empted sale process for the Italian animal-free clothing brand; deals marks the second exit by Progressio’s Fund III
Inflexion acquires CDMO Upperton
The GP has invested in the British CDMO via its Enterprise Fund V
Volpi exits Version 1 to Partners Group
The Jefferies-led auction also saw Apax, OTTP, Cinven and Bain compete for the Irish IT solutions group
Verdane leads USD 190m growth round for Instabox
Sponsor will roll its stake in Porterbuddy, which was recently acquired by Instabox, and invest new capital in the Swedish e-commerce shipping group
Lonsdale buys infrastructure consultancy Infrata
Deal for London-based firm marks the second investment made outside the GPтs buyout fund, which closed investment period last year
GBL bags second healthcare asset this week with SBO of Sanoptis
Vendor Telemos to fully exit DACH eye clinics operator following auction that also saw ICG and Ares compete for the asset
KKR makes USD 15bn approach for Ramsay Health Care
European operations of Australia-listed hospital group account for EUR 760m EBITDA
Bowmark buys workflow automation provider WSD
GP will seek to expand London-based companyтs product development and grow in North America, Europe and Asia
Main sells Obi4wan to PE-backed Spotler
Exit to CNBB portfolio company Spotler Group ends a holding period of almost six years
GBL acquires Affidea from B-Flexion
Formerly known as Waypoint, vendor is fulling exiting the pan-European outpatient group; new owner will invest EUR 1bn in equity
The Bolt-Ons Digest – 19 April 2022
Triton's All4Labels; Committed's MR Marine; Goldman Sach's Advania; Main Capital's Perbility; and more
Investindustrial sells Neolith to CVC VIII
During Investindustrial tenure Neolith posted EUR 145m in revenues in 2021 and an EBITDA CAGR of approximately 20%
Buyout groups circle Trivium Packaging auction
Owners OTPP and Ardagh requested non-binding offers last week after distributing sale materials in March
EQT pauses LimaCorporate auction
Sponsor is expected to reassess options for the Italian orthopaedic prosthetics producer after new CEO appointment
IK Partners sells Recocash to Qualium Investissement
Deal marks the third exit from IK Small Cap II, which is at least 93% deployed