Deals/Build-up
EQT's Cerba buys Lifebrain from Investindustrial
Parties agreed on a price of more than EUR 1bn, with exclusivity awarded last week
Investindustrial's Lifebrain nears sale to Cerba HealthCare
Parties are in final-stage talks, with signing set to take place in the next couple of days
Inflexion buys ANS
Inflexion took a minority stake in IT service UKFast in 2018, increasing this to a majority in 2020
FPE sells Questionmark to trade, nets 3.5x money
FPE acquired the assessment software in 2016 and has sold it to Battery Ventures' Learnosity
Hannover Finanz sells Corporate Planning to ICG's ProAlpha
GP bought a majority stake in the corporate planning software developer in 2017 in a succession solution deal
BaltCap sells Ecoservice to PE-backed Eco Baltia
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m
IK sells Hansen Protection to PE-backed Survitec
IK acquired the protective clothing and equipment producer from Montagu in 2013 via IK Fund VII
Corpfin sells Secna to EQT's Chr Hansen
Sale ends a six-year holding period for Corpfin, which bought a 51% stake in the company via its €255m fund IV
Bain sells Fedrigoni's security business to Epiris's Portals
Sale comprises Fedrigoni's facilities specialised in the production of security paper for banknotes and documents
Capza exits Ivnosys to PSG-backed Signaturit
Sale ends a two-year holding period for Capza, which acquired a 40% stake in the business via Capzanine 4 Flex Equity
Alto-backed CEI buys Lema
Combined group expects to reach revenues of €85m in 2021, with a 20% EBITDA margin
Clessidra's Botter bolts on Mondodelvino
Combined group expects to reach revenues of €350m in 2020 and further expand its market share
Abac sells Isolana to Blackstone's BME
Sale ends a two-year holding period for Abac, which acquired a stake in Isolana via its €320m fund Abac Solutions I
Searchlight's Survitec completes refinancing
Ares' £270m package will be used in part to finance the add-on of IK's Hansen Protection
Activa sells Active Assurances to Silver Lake's Meilleurtaux
Sale ends a three-year holding period for Activa, which invested in Active Assurances alongside BPI France
Waterland sells Base Logistics to Ardian's Staci
With this add-on, Staci expects to build a logistics group with annual turnover of €450m and 2,500 staff
DBAG's FLS merges with Impactit, Städtler Logistik
All three route-planning and logistics software companies will now operate as Solvares Group
Magnum buys law school Isde
Deal is made via Digital Talent, established by Magnum to build an aggregation platform in the education sector
FPE sells Masstech to Genstar’s Telestream
This is the second exit made by FPE Fund II, following the sale of intelligence provider IWSR to Bowmark
Bid Equity's Myneva bolts on Patronis, TTS
Social care and healthcare software platform is following a buy-and-build strategy
Paragon sells NovumIP to GP-backed Questel
Transaction will see Paragon invest in Questel for a minority stake in the IP consultancy firm
BGF-backed TIG bolts on ThirdSpace
Acquisition of the cybersecurity and identity firm is backed by BGF and Santander Growth Capital
August Equity sells PCS to BC Partners' VetPartners
Sale ends a six-year holding period for August, which invested in the company via its £200m August Equity Partners III fund
Platinum-backed Cision buys Brandwatch for $450m
Brandwatch raised around $65m over three funding rounds from VCs including Partech and Nauta
