Private equity is often accused of abandoning portfolio companies at the earliest possible opportunity post-IPO. Mikkel Stern-Peltz takes a look at Pandora – one of the most profitable exits in Europe – and how Axcel resisted temptation to jump ship once the jewellery-maker hit choppy waters after it went public.
Transaction also financed with a €10m senior debt from LCL, BNP Paribas, Bred Banque Populaire and CIC
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Omega managing director Claudio Nessi and principal Francesco Draetta will join the company's board