Secondary buyout
Palatine sells Vernacare to HIG
HIG is currently investing from Growth Buyout Equity Fund III, which closed on $970m
Platinum buys Biscuit International from Qualium
Sale ends a six-year holding period for Qualium, which acquired the company from LBO France
DPE sells stake in PharmaZell to Bridgepoint
Deutsche Private Equity invested in the company in 2013 and began the sale process in August 2019
ECI scores 3.7x on ATG sale to TA
Mobeus also fully realises its investment, having backed ATG since 2008
Amundi PEF, SGCP back Vivalto Vie in capital reshuffle
Azulis Capital exits the care home operator, having backed it since 2015
Carlyle sells Golden Goose to Permira
Sale ends a three-year holding period for the GP, which bought the company via CEP IV and AGP V
LDC takes minority stake in Solid Solutions, BGF exits
Banking facilities for the deal have been provided by Muzinich & Co and Santander
Keensight and Pléiade sell SmartTrade to Hg
GPs invested in the company in 2015 and sold their stakes via an auction process initiated in 2019
Cerberus sells Covis Pharma to Apollo
Sale ends a nine-year holding period for the GP, which built Covis through a series of acquisitions
Foresight invests £16.8m in Signature
Foresight Group will provide an initial £5m revolving credit facility to Signature
Permira sells Duff & Phelps for $4.2bn
New York-based Duff & Phelps is a business service that employs 3,500 people globally
MML acquires Arrow from GCP
CVC Credit has provided a £70m acquisition facility to the business support service
CBPE exits Allied Glass
Buyer for the glass manufacturer is a vehicle managed by Sun Capital and the Allied Glass management
Ardian buys Cérélia in c€810m deal
IK sells its majority stake in the France-based bakery business acquired in 2015
Bridgepoint invests in Oris Dental
Based in Trondheim and founded in 2016, Oris operates 25 dental clinics and four dental laboratories
Astorg sells Audiotonix to Ardian
Audiotonix is the first realisation from Astorg VI, which closed on €2.1bn in 2016
FrenchFood Capital backs Class'croute SBO
French food-focused GP invests via its €132m maiden fund, closed in Q3
Souter takes majority stake in Stone restructuring
Several LPs in RJD's fund have reinvested in the new vehicle, including the RJD partners themselves
Agilitas sells Recover Nordic to EQT
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018
PAI Partners buys Armacell from Blackstone
Deal is based on an EV of €1.4bn and will see minority owner Kirkbi maintain a stake
IK Investment Partners acquires Ondal from Capvis
Ondal is the GP's third recent medtech acquisition and the 15th investment from IK VIII
Sovereign to sell Arachas for €250m
Sovereign backed the management buyout of Arachas in 2017 and acquired a controlling stake
GED Capital buys Grupo OM from Nazca
GP invests via GED VI España fund, which was launched with a €175m target and held a €100m first close
Apax acquires Destiny in SBO
Destiny founders retain almost 30% of shares in the company in the secondary buyout transaction
