Deals
Unigestion holds €611m final close for second Direct fund
Fund surpasses its €600m target and is more than 40% deployed
Polaris sells ProData Consult to Axcel
Axcel reportedly pays nearly DKK 2bn (€269m) for the company, suggesting a 13.3x EBITDA multiple
Capiton buys majority stake in Axxence Group
GP is backing the natural aroma chemicals firm via Capiton VI, which is on the road targeting €550m
EQT to sell Fertin Pharma to Philip Morris
EQT exits the company four years after it acquired a 70% stake in it from the founding Bagger-Sørensen family
Evoco sells Plumettaz to Invision
Evoco bought the cable-laying equipment producer in a six-company portfolio deal in 2015
Livingbridge buys majority stake in VC-backed Semafone
Octopus Ventures and BGF exit the data security and compliance software developer
Verdane acquires Silva and Nordic Vehicle from Karnell
Karnell's exit comes a decade after it invested in both Silva and Nordic Vehicle.
Five Arrows invests £120m in Causeway Technologies
Deal follows the GP's £300m SBO of Sygnature Discovery from Phoenix Equity Partners
Altor buys Palette Software from Monterro
Monterro's exit comes six years after it acquired a minority stake in the company
Phoenix nets 4.3x return on sale of Rayner Surgical to CVC
CVC will deploy equity from its Fund VIII, which held a final close on £21.3bn
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Phoenix confirms Sygnature sale to Five Arrows
Deal is the third strong exit from Phoenix's 2016 fund, following Travel Chapter for 3.6x and Rayner for 4.3x
Oakley to sell majority stake in Ace Education to trade
Exit will generate a gross return on investment of nearly 2.1x money and around 27% IRR for Oakley Capital Private Equity III
Hg, Vista Equity Partners to sell Allocate to trade
Sources told Mergermarket in May that the company could fetch a valuation of around £1bn
Cinven buys Arcaplanet from Permira in €1bn-plus deal
Pet care retailer reportedly fetched more than €1bn
SoftBank leads $600m series-D for CMR Surgical
Series-D values the business at around $3bn, according to an FT report
Brookfield buys Modulaire from TDR in $5bn deal
TDR Capital acquired a 66.98% stake in Modulaire as part of a €478m take-private in 2004
Ares takes 33% stake in Atlético Madrid
Club shareholders unanimously agree to a €181m capital increase
Riverside buys Danish cybersecurity firm Cryptomathic
GP was supported by its institutional co-investors on the deal and plans to carry out add-ons in the cryptography space
Cross Equity, Pinova sell Rademacher to trade
GPs acquired the Germany-based smart home systems business in 2014 from Nord Holding
Klar to acquire Finnish installation company QMG
GP will merge QMG with its recently acquired Swedish portfolio company Sandbackens to create a new group
Perwyn buys majority stake in JT's IoT division
Jersey Telecom will retain a minority stake in the company, which is valued at £200m
ArchiMed buys Stragen Pharma
GP is investing via its €1bn Med Platform I, which backs healthcare firms with EVs of at least €100m
Altor, Goldman Sachs sell Navico to trade in €880m deal
Altor exits the company 15 years after creating the company by merging Simrad Yachting and Lowrance Electronics