Close Brothers Private Equity (CBPE)
Blatchford backer CBPE mandates Investec to oversee imminent exit
GP began weighing options for UK-based prosthetics manufacturer last July
The Bolt-Ons Digest – 17 April 2023
Unquoteтs selection of the latest add-ons with Triton's BFC Group, Seven2's Groupe Crystal, Palatine's FourNet and more
Palatine exits Veincentre in SBO to CBPE
Sale of varicose vein treatment clinic chain is the second exit from 2016-vintage impact fund
CBPE in exclusivity to acquire Palatine-backed Veincentre
UK varicose vein treatment clinic was put up for sale in a Grant Thornton-led auction
CBPE Capital invests in Direct Commercial Group
Company's founding CEO remains the majority shareholder in the insurance broker
CBPE sells Xceptor to Astorg for 10.8x return
Sale ends a four-year holding period for CBPE, which bought a majority stake in Xceptor from SVG Capital
CBPE invests in Mindera
Software systems developer is the GP's first investment from its ТЃ561m CBPE X vehicle
CBPE hires Arma to sell Xceptor
Xceptor recorded group revenues of ТЃ27m and EBITDA of ТЃ10.8m for the year ending on 31 July 2020
CBPE X closes on £561m hard-cap
Rede Partners acted as global placement adviser and Macfarlanes as legal adviser
UK fundraising update: pausing for breath
A number of GPs that closed more than three years ago have delayed fresh fundraises, or have altogether decided to explore new options
CBPE X nears final close towards £525m target
CBPE X is likely to target UK-based companies with enterprise values of ТЃ25-150m
CBPE exits ABI Holiday Homes
For the year ending in August 2018, ABI reported operating profit of ТЃ15.5m from revenues of ТЃ117.8m
CBPE exits Allied Glass
Buyer for the glass manufacturer is a vehicle managed by Sun Capital and the Allied Glass management
CBPE backs Perspective Financial Group buyout
CBPE is partnering with management, who are all reinvesting in the business
CBPE acquires Simbec-Orion
GP acquires the life sciences research firm from Wales Life Sciences Investment Fund
CBPE acquires Ideal Networks
GP invests alongside Ideal Networks' management team, which retained the remaining minority stake
Lenders take control of CBPE portfolio company Sofa.com
LGT European Capital has taken over the furniture retailer after CBPE's three-year tenure
CBPE floats JTC in £310m IPO
CBPE has realised its investment in JTC in full, generating a return of 4.4x invested capital
KCP backs YorkTest MBO
YorkTest was a bolt-on for CBPE Capital's porftolio company Ingemino
CBPE's Allied Glass refinances with £75m Investec package
Transaction comes three and a half years after the GP reacquired the glass packaging company
CBPE's JTC Group bolts on New Amsterdam Cititrust
UK-based corporate and fund service provider JTC Group expands in the Benelux region
CBPE's Medica lists with £150m market cap
GP sold around 70% of the UK-based teleradiology business after a four-year tenure
SVG sells Xceptor to CBPE Capital
Divestment comes as the vendor prepares to wind down after HarbourVest acquired its portfolio
Debt advisory: Building bridges between sponsors & lenders
Debt advisory role is growing increasingly prevalent in the European mid-market private equity space