Secondary buyout
Impilo acquires The Fertility Partnership
New owner will support the expansion of TFP's offering and its international growth
LDC exits CMS Window Systems via Maven-backed MBO
Deal for the window and door manufacturer involves the largest equity cheque ever written by Maven
HQ Equita acquires Ebertlang in SBO
Beyond Capital acquired Ebertlang in 2017 when it sold for 1.5-2x its €10m turnover
OpCapita exits NKD in sale to TDR Capital
OpCapita acquired NKD in 2013 and this is its first exit from its Consumer Opportunities Fund
Bowmark acquires Pirum Systems from Five Arrows
Pirum Systems has benefited from greater demand for financial compliance software
Apiary supports MBO of Bertram Nursery Group
Deal for the nursery group marks an exit for Rockpool, which previously provided mezzanine funding
Platinum Equity buys Iberconsa in SBO
Portobello Capital and Iberconsa's management team reinvest in the business alongside Platinum Equity
Causeway supports MBO of GTI from Exponent
Deal for the recruitment business brings to an end a 13-year holding period for the vendor
Cinven buys Inseec U in €800m deal
Rothschild-led auction also saw Carlyle, BC Partners and Wendel in the second round
Summit exits Acturis in Astorg-backed deal
Sale of insurance-related software business brings to an end a nine-year holding period
Nordic buys Conscia from Axcel
Nordic Capital draws money from Nordic Capital IX, a тЌ4.3bn fund that closed in May last year
TPG Capital sells Times Higher Education to Inflexion
Inflexion plans to ramp up THE's US expansion following the opening of Inflexion's Boston office in January
LBO France buys Moustache Bikes in €150m deal
Initiative & Finance sells its 55% stake acquired in 2015 and reaps 10x money
Apax sells Exact Software to KKR
KKR makes the investment through its long-term capital programme, Core Investments
Adelis buys Ropo Capital from Sentica
Ropoтs management team remain in their positions in the business and will retain a stake
Capvis sells Rena to Equistone
Management team led by CEO Peter Schneidewind will become shareholders alongside Equistone
IK buys majority stake in Eres
IK Investment buys France-based Eres in a €230-240m deal via the €1.85bn IK VIII vehicle
Auctus sells Valantic to DPE
Founding shareholders and management, led by Holder von Daniels, retain a stake of approximately 25%
BluGem sells DMC Group to Lion Capital
Sale ends a three-year holding period for BlueGem, which bought the company via its тЌ370m second fund
Azulis buys Helios Group in SBO
GP invests in Helios, a construction and road marking specialist, via Middle Market Fund V
Value Enhancement Partners buys Frimex in SBO
Frimex was acquired by Mentha Capital in 2014 in a carve-out from Dutch firm TBI
Ardian buys Celli from Consilium
Sale ends a six-year holding period for Consilium, which controlled a 70% stake in Celli
Artá exits Gascan to UBS
Sale ends a two-year holding period for Artá, which acquired the company from Explorer Investments
KKR backs Söderberg & Partners in $1bn deal
Buyout is being structured with a low level of leverage due to the preference of the family owners