Portfolio management
PE-backed Helgstrand Dressage merges with Ludger Beerbaum Stables
Waterland-backed Danish company Helgstrand Dressage has acquired and merged with equestrian show jumping business Ludger Beerbaum Stables.
Carlyle-backed Hurst Point acquires Hawksmoor
Hurst Point Group was established in 2019 to facilitate investment by Carlyle in UK wealth management
ArchiMed-backed Bomi bolts on Deco Pharma
With this add-on, the company plans to further strengthen its presence across southern Europe
Novum Capital sells Schluckwerder to CapVest's Valeo
Sale for the confectionery manufacturer began in September 2020, drawing sponsors and trade buyers
Triton announces merger of AVS, Chevron, Fero and Ramudden
Merger of Triton's four traffic services portfolio companies follows a refi earlier in December
VC-backed Cazoo acquires Target Global-backed Drover
Cazoo generates revenue of £150m and has a valuation of more than £2bn
ECI sells Arkessa to trade for 2.1x return
Arkessa was held in ECI Partners' 10th fund, which closed on £500m in 2014
KKR's Unzer buys Lavego
Unzer, formerly known as Heidelpay, was acquired by KKR in a €750m SBO from AnaCap in 2019
ArchiMed's Bomi bolts on Florence Shipping
Third add-on inked by Bomi, following its acquisition of Logifarma and its purchase of ILS
Marcol-backed HealthHero acquires Eight Roads-backed Doctorlink
Doctorlink generated £3.8m in turnover and EBITDA of -£7.6m in the year ending on 30 June 2020
Bain's Fedrigoni buys Industrial Papelera Venus
This is the third add-on inked by Fedrigoni, following its acquisition of Cordenons and its purchase of Ritrama
Nazca exits Moldcom to Cranemere's ES Group
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
Hg-backed IT Relation bolts on Improsec
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Horizon's Timico buys Arcus Cloud Services
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than £50m
EQT-backed Recover bolts-on SWE Skadeteknikgruppen
Deal is Recover's 23rd acquisition since it was established six years ago, and the third since being acquired by EQT
PE-backed Sortera acquires Vaihtolava
Deal is Sortera's 13th acquisition since it was established in 2006
SHS sells Puracon to IK-backed Klingel
Deal marks Klingel's third add-on under IK ownership, as well as SHS's third exit of 2020
Livingbridge sells Up Group to Omers-backed Alexander Mann
Livingbridge has invested in several recruitment businesses, including Armstrong Craven and Staffline
LDC sells NBS to TA-, Stirling-backed Byggfakta
Bank of America was given the mandate to run the sale process for the company in September 2020
PAI-backed Stella Group buys BPE's DuoTherm Rolladen
Exit ends BPE's three-and-a-half-year holding period; the add-on is Stella's second under PAI
Permira's Exclusive Group bolts on Nuaware
Company has made add-ons in Europe, Canada and Hong Kong since Permira's investment in 2018
Quadriga’s Scio bolts on MFI
Industrial automation group Scio has made a series of four add-ons in 2020
Palamon-backed FairConnect buys DriveQuant
Palamon bought a majority stake in the connected insurance service provider in a €100m deal in 2018
Quadriga-backed Scio buys Bilfinger GreyLogix Aqua
Industrial automation company has made three add-ons in 2020 as part of its buy-and-build strategy