Deals
Ambienta launches Nactarome sale, teasers out
Auction for the Italian ingredients producer was initally expected to be launched in early 2022
IK hires Lazard to advise on Linxis sale
IK acquired Linxis Group (then Breteche) from Cerea Partenaire, Capza and Equistone in July 2015
Advent's Rubix confirms intention to float
GP formed the industrial maintenance, repair and overhaul firm in 2017 by merging IPH and Brammer
IK Partners likely Conet buyer as HIG Europe concludes sale
Sponsor submitted a 15x EBITDA offer to acquire Conet, two sources say
Garnica sponsor ICG targets November for sale launch
Vendor has delayed the process in order to build up visibility on its 2021 results, one source says
Idea Taste of Italy contemplates Gelato d'Italia sale
Idea Taste of Italy acquired a stake in Gelato d'Italia – then trading as Indian – in May 2016
EQT invests in Vitruvian-backed CFC
EQT IX is expected to be 70-75% invested following the deal
ECI's Travel Chapter announces intention to float
ECI bought the asset from Phoenix less than three years ago
Asmodee already attracting PE interest ahead of November launch
Silver Lake, CVC, Advent and KKR are already set to join the race, sources say
Saverglass sale hits snag with remaining bidder Lone Star
future capex spend is a worry for bidders and lenders, sources say
Silverfleet puts Prefere Resins sale in motion
A process could launch with the circulation of a teaser towards the end of the quarter
Calculus nets 4x with CloudTrade sale
Trade sale is the eighth exit for Calculus since January 2020
Gorillas raises circa USD 1bn in Delivery Hero-led Series C
New funding comes just seven months after a Series B, with the company doubling in value
Third Point, Coatue lead USD 900m round for N26
Digital bank is now valued at more than USD 9bn, versus USD 3.5bn at the time of its previous round
Afinum exits Garz & Fricke in EUR 180m trade sale
GP acquired the human-machine interface (HMI) software and hardware developer in 2017
EQT launches LimaCorporate sale
Teasers for the Italian orthopaedic prosthetics producer were dispatched recently, sources say
Argos could revisit Fabbri Vignola sale in 12-18 months
Sponsor was met with unsatisfactory offers for the business in a sale process launched in May, sources say
Unilever tea auction set to close second round in November
Advent is in a strong position, while Cinven, CVC and Carlyle have ESG concerns, sources say
Brewdog, Hawksmoor hit brakes on IPO plans
Founders of both businesses cite pandemic recovery uncertainty in the hospitality sector
Capiton invests in Solvis
GP is backing the heating systems firm via Capiton VI, which is on the road with a EUR 550m target
Main Capital sells B+M to LEA for 3x money
Software investor Main Capital acquired the banking and insurance digitalisation platform in 2015
2021 European PE exits already exceeding full 2020 tally
GPs are clearly looking to seize the initiative and clear out portfolios amid a general push to ink deals on the buy-side
PAI leans towards US listing in dual-track for Refresco
Paris-headquartered PAI is close to appointing Rothschild to advise it on options
Synova backs National Education Group
Investment in the education-sector online training and development provider is the GPs sixth deal from Synova IV