Deals
CVC dribbles past Silver Lake, Oaktree, H&F to score Ligue 1 deal
Deal for 13% in French football league commercial arm will add to sponsor's collection of sports assets
Main Capital creates software group enventa after four DACH deals
With EUR 25m in combined revenues, new buy-and-build platform will focus on ERP, business intelligence and financial solutions
Adelis launches majority stake sale of Knightec
GP is being guided by Carnegie in the exit from the Swedish technology consultancy
Reckitt Benckiser baby nutrition carve-out likely to attract sponsors
Goldman Sachs is advising on the process for the infant formula maker, which could be valued at GBP 6bn
Epiris acquires Inchcape Shipping Services in SBO
Deal for London-based maritime services provider marks the 10th investment by Epiris Fund II
The Bolt-Ons Digest – 1 April 2022
NorthEdge's Correla; LDC's Omniplex; QPE's Encore; Cinven's Barentz, Tenzing's Jeffreys Henry, and more
Segulah sells NVBS Rail Group to Ratos
Exit sees NVBS acquire Finland-based Ratatek; the group's EV is EUR 103m with a 9.4x EBITDA multiple
AP Moller, Biogroup among final bidders for Waypoint's Affidea
Final offers for the pan-European outpatient group are expected in a couple of weeks
Soho Square explores Alpine Fire Engineers sale
Clearwater is advising on the upcoming auction for the Manchester-based provider of active fire sprinkling systems
KSL Capital acquires Pig Hotels
Travel and leisure-focused GP plans to expand the boutique hotel chain across the UK with acquisitions and development
FSN readies IT consultancy Nordlo for exit
Danske Bank is among advisers in the upcoming auction, which could see the Sweden-based asset marketed off EUR 25m-30m EBITDA
Findos exits Karriere Tutor to Trill Impact
The GP has sold the German digital training provider just a year after entry; fifth platform deal for Trill Impact
Hg invests in EQT, TA backed IFS and WorkWave
EQT VIII exits majority of its positions and reaps 3x money after two years invested in the cloud software companies
Summit buys 18 Week Support
Deal for UK-based NHS insourcer confirmed by March 25 Companies House filing; buyout follows Houlihan Lokey-led auction launched last year
Equistone sells FirstPort to sponsor-backed Emeria
Deal for UK property management group marks first exit from Equistone Partners Europe Fund VI
Vitruvian makes USD 35m investment in Moonfare
Deal comes shortly after Insight Partners led a USD 125m Series C for the PE investment platform
Connection Capital exits Tempcover to RVU for 5x money
London-based RVU owns Uswitch, Confused.com, and Money.co.uk
Hg eyes exit from software and services group IRIS
Company could be marketed off annual EBITDA of more than GBP 110m; unclear whether co-owner ICG would seek an exit
IK Partners invests in Sitevision
IK Small Cap III will hold minority stake while founders will reinvest and remain majority owners
CVC sells Theramex to Carlyle, PAI for GBP 1.2bn
CVC acquired the women's health pharmaceutical business in a USD 703m carve-out in 2017
Equistone sells Team ITG to Bridgepoint
GP to rejoin the marketing activation business as minority shareholder via its dedicated Reinvestment Fund
Investcorp exits Agromillora to Edify
GP invested EUR 30m in growth initiatives since entry in 2016; founders of the Spanish plant propagation services group are reinvesting
Ardian readies Dedalus for controlling stake sale
Morgan Stanley and UBS are preparing an auction for the Italy-based hospital software group
Novum-backed MMC Studios up for sale amid content production boom
Novum Capital bought the Germany-based film and television production company in 2019