Industrials
Bravo Invest reaps 3x, 4.5x MM apiece in Arbo and MTW exits
With sales of Italian portfolio companies to NB Renaissance and DBAG, respectively, Bravo’s debut fund has now conducted four exits
HIG Capital hires Madsen from BC Partners
Stephan Madsen joins HIG's European Middle Market team, where he will focus on the Nordics
Ergon holds EUR 800m final close for Fund V
New EUR 800m fund is almost 40% larger than its EUR 580m, 2018-vintage predecessor
Paragon Partners, GIMV prepare WEMAS for H2 auction
William Blair has been mandated to advise on the sale of the German road safety equipment provider
AIB, Foresight launch SME Impact Fund with EUR 75m target
Fund has a EUR 30m commitment from AIB and expects to back its first Irish SMEs in Q3 2022
Silverfleet to exit STAXS in trade sale
Sale of Dutch cleanroom consumables distributor to Haniel-owned CWS Cleanrooms will deliver a 6x money multiple for the sponsor
Opportunity Partners shops Beelen.nl in Rothschild-led sale
Dutch demolition services provider will be marketed off around EUR 20m EBITDA, with IMs expected to be distributed imminently
Alcedo exits Duplomatic in trade sale to Daikin Industries
Japanese group will pay EUR 220m for Italian valves and pumps maker, which saw revenues more than double since sponsor’s entry in 2017
LGT sells Batisanté to IK Partners
New owner investing via Fund IX; looks to grow the company organically
Inflexion explores sale of Automotive Transformation Group
UK-based automotive software solutions provider is expected to be marketed off GBP 15m in a sale led by Houlihan Lokey
Soho Square launches auction for Technical Fire Safety Group
Sellside adviser Rothschild has distributed information memoranda to prospective buyers
Chequers weighs sale of textile chemicals maker Bozzetto
Sponsor will be advised by Lazard on the upcoming auction for the Italian producer of polymers and resins
Investindustrial sells Neolith to CVC VIII
During Investindustrial tenure Neolith posted EUR 145m in revenues in 2021 and an EBITDA CAGR of approximately 20%
Buyout groups circle Trivium Packaging auction
Owners OTPP and Ardagh requested non-binding offers last week after distributing sale materials in March
Tilt Capital holds first close for debut energy transition fund
Co-founder Nicolas Piau speaks to Unquote about the GP's Siparex partnership. fundraise and strategy
LGT's Batisanté draws interest from multiple sponsors in hotly contested sale
GPs including Chequers, Equistone, IK, Latour and Naxicap are circling the LGT-backed firm
Convent Capital holds first close for Agri Food Growth Fund
Growth capital vehicle will invest EUR 5m-EUR 20m per deal and has made its first investment
Briar Chemicals owner Aurelius launches sale process
Aurelius had previously gauged interest for the chemicals producer in 2019, Mergermarket reported
Silverfleet exits Prefere Resins in SBO to One Rock
Concerns about Russian exposure and raw materials costs surfaced in the sale process, Mergermarket reported
SEB Private Equity sells Norcospectra to Accent
Commercial interiors business is expected to expand via add-ons and develop its digital offering
Clearwater Multiples Heatmap: UK and Ireland deals pass 14x mark in Q4
With PE buyouts in Europe shattering records again in 2021, average multiples continued to move up in Q4
Inflexion sells Marley for 3.5x, 58% IRR
Sale to listed construction firm Marshalls values the roofing tile specialist at GBP 535m
Segulah sells NVBS Rail Group to Ratos
Exit sees NVBS acquire Finland-based Ratatek; the group's EV is EUR 103m with a 9.4x EBITDA multiple
Soho Square explores Alpine Fire Engineers sale
Clearwater is advising on the upcoming auction for the Manchester-based provider of active fire sprinkling systems