Build-up
Cathay-backed Smart AdServer buys LiquidM
Acquisition was financed using cash from the company's balance sheet
Mayfair-backed GCI to acquire Nasstar for £79.4m
Mayfair draws equity from its second fund, which closed on £650m, to support the acquisition
NorthEdge-backed Total Fitness acquires Pro-Fit
NorthEdge invested £11.5m for a majority stake in the company in 2015, using its debut fund
Cathay's Finance Active buys Verifino
Finance Active's Verifino purchase is Cathay's first build-up in Germany
Bridgepoint-backed Qualitest acquires AlgoTrace
Founded in 2015, AlgoTrace is based in Petach Tikva, Israel, and employs eight people
PAI-backed Froneri buys Nestlé US ice cream business for $4bn
Nestlé will continue to manage its remaining ice cream operations in Canada, Latin America and Asia
FSN sells Fitness Word to Pure Gym
Buyer has been owned by US buyout house Leonard Green & Partners since late 2017
Cross Equity-backed WDM buys Midrahtec Drahtwaren
Cross Equity Partners acquired a majority stake in WDM in January 2018
Horizon acquires Ascent and TechHuddle for £30m
Horizon expects to merge the two IT services providers to create a business with 300 developers
Main Capital's SDB Groep buys Competence Group
GP bought SDB in Q2 2018 with the intention to pursue a buy-and-build strategy
Equistone-backed WHP Telecoms acquires Sitec
Equistone acquired WHP from Palatine Private Equity in March 2018, drawing equity from Equistone VI
Waterland-backed Hansefit combines with BFNL
Merger of German and Dutch peers will result in a client base of 3,500 companies
TA-backed List acquires IT Software
List plans to broaden its product portfolio, boost its market position and expand internationally
Apiary invests in Roar Techmedia
Unquote understands the entry multiple for the trade events company was 6-8x EBITDA
Altor backs Curamando, creates digital marketing group
GP deploys capital from Altor Fund V, which closed on its €2.5bn hard-cap in February 2019
Siparex-backed Plurima carves out Log-Os from Zanardo
Following the deal, Plurima's CEO, Luca Marconi, will be appointed as CEO and chair of Log-Os
Carlyle's Saverglass carves out MD Verre from Vidrala
Saverglass intends to invest €50m over the next three years to convert MD Verre's production
Waterland-backed Netgo acquires Mehrwerk
Acquisition of the business software platform is the second add-on in Netgo's buy-and-build strategy
Alantra's Unión Martín buys Mauritanian fishing company SMPI
Following this bolt-on, Alantra intends to further support Unión Martín's international expansion plan
Vitruvian's Snow Software buys Embotics
Swedish optimisation software developer is also backed by Sumeru and Ontario Pension Board
Tenzing-backed Ticketer buys Fara
UK-based bus ticketing company Ticketer was acquired in 2018 and will now expand to the Nordic region
Ardian's Dedalus carves out Agfa-Gevaert's healthcare IT business
Dedalus buys the business for an EV of €975m, with the aim of creating a healthcare software group
Amerra-backed Andromeda bolts on two aquaculture companies
Deal is financed by Amerra Capital, together with Abu Dhabi-based Mubadala Investment Company
EQT-backed Saur buys Riventa
Company intends to expand its range of services in the water pump technology segment