Deals
Orienta-led consortium sells Sidac to Lindsay Goldberg's Schur
Sale ends a four-year holding period for the club deal led by Orienta, which acquired Sidac from its parent company Acmar
Investcorp, LDC exit Kee Safety
Exit sees the UK-based building safety business acquired by management, backed by ICG
PE-backed Synlab announces IPO intention
Cinven, Novo Holdings and OTTP hold stakes in the Germany-based laboratory diagnostics group
FAI, Invitalia back Frigomeccanica
FAI invests via Fondo Agroalimentare Italiano I, while Invitalia deploys capital from Fondo Cresci al Sud
NPM Capital to sell Deli Home to Ardian
NPM reportedly based the sale on an EBITDA figure for the retailer of roughly €40m
GCP invests in Hippo Digital for minority stake
Deal is the second investment for GCP's fifth fund, which was registered in Q3 last year
Waterland acquires software development business GOD
GP's previous IT service sector investments include Germany-based Netgo
Silverfleet backs software provider OneStock
GP invests in the company via European Development Fund, which held a €200m final close in 2019
Hyle Capital buys dried fruit producer Manuzzi
GP backs the company via its debut fund Finance For Food One, which is dedicated to investments in the agri-food sector
NorthEdge acquires Correla
Acquisition of the energy data company is the first platform investment from the GP's ТЃ250m Fund III
THL, EQT sell stake in AutoStore to Softbank for $2.8bn
THL will continue to be a majority shareholder and EQT, which sold its majority stake to THL in 2019 but retained 10%, will also still be invested
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
ECM buys driving school support service Academy
GP is acquiring a majority stake in the driving school support service via its €325m GEP V fund
TDR Capital to take Arrow private in £563m deal
Offer price represents a premium of 33.4% to the closing price of 230.5 pence per share on 5 February 2021
Aurelius acquires AutoRestore
Acquisition is intended to complement Aurelius's other portfolio companies in the vehicle fleet services sector
Lugard Road, Luxor Capital lead €450m round for Glovo
Round also sees participation from previous investors, including Delivery Hero, Drake Enterprises and GP Bullhound
Endless exits Carpet & Flooring in trade sale
GP acquired the carpet and flooring division of listed building products company SIG in early 2017
PM & Partners backs Cytech
GP buys the business from founders Stefano Coccia and Marino De Marchi, who will both reinvest in the deal
Parsley Box floats in £84m IPO, Mobeus reaps 4.2x return
Mobeus sells one third of its holding, while remaining as the largest institutional shareholder in the business with a 14% stake
Mid Europa acquires MCI-backed e-commerce platform Pigu
MCI will reinvest in the deal, which also sees Pigu merge with Estonia-headquartered Hobby Hall
Bregal to acquire Afinum's Perfect Drive Sports Group
Bregal announced the deal in conjunction with the €1.875bn close of Bregal Unternehmerkapital III
EQT in exclusivity to acquire Cerba from Partners Group
Medical diagnostics business has previously been backed by sponsors including Astorg, IK and PAI
Astorg buys majority stake in Five Arrows-backed Opus 2
Five Arrows bought a minority stake in the legal technology company in 2017 and will now reinvest
Verlinvest leads $100m series-C for Everli
New investors Luxor, DN, C4 and Convivialité also take part in the round, alongside FII, 360 Capital, Innogest and DIP