Deals
Avedon sells Robidus to trade
During Avedon's three-year ownership, social security service Robidus doubled its revenues
Palamon acquires FairConnect
Company expects to double its user base this year and accelerate expansion across verticals
Eurazeo sells Odealim to TA
Sale of insurance brokerage firm Odealim is expected to generate a money multiple of around 2x
Sovereign divests Xendo to Linden-backed ProPharma
Sale of the healthcare-focused consultancy business brings to an end a tenure of just two years
Pamica acquires majority stake in Ställning Karlskoga
With Pamica as majority investor on board, the company plans on developing its digital presence
VC firms back £30m funding round for Orbex
Capital will be used to launch orbital vehicles from the UK's newly announced spaceport
Equistone sells Caseking to Gilde
Equistone makes the divestment from its fourth fund, which closed on €1.5bn in 2013
Pinova buys WMD Group
GP draws equity from Pinova Capital Fund 2, a €180m vehicle that held a final close in January
BC Partners’ MCS Group bolts-on DSO
Debt management service MCS Group, backed by BC Partners since 2017, buys peer DSO Group
VC firms sell Nu3 to trade
Shop Apotheke finances the acquisition with the issuance of 54,470 new shares and additional cash
Corpfin buys Grupo Barna
Grupo Barna plans to make an acquisition and commence its international expansion plans
Elvaston buys Futura Retail Solutions
Management has retained a substantial stake and operational control of the business
VC firms sell Biosensia
Vendors include Act Venture Capital, Atlantic Bridge, Street Capital and Seroba Life Sciences
General Atlantic injects $250m into Greensill
GA's investment values the working capital finance provider at $1.64bn
Endless to exit The Works in £100m London listing
Turnaround player bought the retailer out of administration in 2008 for a reported £17m
Abry Partners sells Basefarm to trade
PE-backed Norwegian IT services company Basefarm is acquired by France-based corporate Orange
Cinven merges Viridum with Generali Lebensversicherung
Transaction is an exit for Fifth Cinven Fund, which held a final close on €5.3bn in 2013
Holland Venture backs MedAngel
GP invests alongside the fund manager of the province of Gelderland's innovation fund
HIG exits Kondor in trade sale to DCC Technology
Kondor is HIG's first investment from its €825m HIG Europe Capital Partners II fund
Platina buys Cap Vital Sante
France-based Cap Vital Sante was previously owned by the founder and members of the network
Paragon buys stake in Asic Robotics
Shareholders STS Management and Renaissance Anlagenstiftung will remain invested alongside Paragon
Active Capital's FTNon sold to trade for €32m
US-based JBT Corporation acquires Dutch FTNon, the industrial food equipment provider
Pechel backs Vernicolor
Pechel buys a minority, while founding CEO François Champier and management retain the remainder
BWK buys Rasselstein Raumsysteme
Two unnamed private investors co-invested alongside BWK, taking 20% and 10% stakes