Secondary buyout
Secondary buyouts back on the scene in CEE
H1 2018 saw the second highest half-year volume of SBOs since the financial crash, rebounding from two consecutive semesters of low activity
Bridgepoint acquires HTL
GP intends to support HTL's international expansion, especially in Asia and North America
HIG, General Atlantic sell £1.65bn FNZ to Generation, CDPQ
Deal for the fintech company brings to an end a nine-year holding period for HIG
Ardian sells ADA Cosmetics to Moonlake
Ardian makes the divestment from Ardian Expansion Fund III, which acquired the business in 2014
Terra Firma et al. acquire Parmaco from MB
Transaction reportedly gives the Finnish real estate business an enterprise value of €400m
Ardian buys Inula in SBO
Ardian buys majority stake in Belgium-based Inula from Vendis Capital and management
Abénex, Etoile ID buy Groupe ADF in SBO
Transaction sees CEO Marc Eliayan retain a stake in the business as Andera exits
BC Partners buys United Group from KKR in SBO
KKR acquired a majority stake in United Group from Mid Europa Partners in March 2014
ESO invests in Pyroguard
Financing is structured as a senior-secured loan note with additional equity participation
DBAG buys Kraft & Bauer from Invision
Fifth buyout from DBAG Fund VII, a €1bn buyout fund that hit its hard-cap in July 2016
Abris exits Urgent Cargus to Mid Europa
Exit ends a five-year holding period for Abris, which acquired the firm with its second buyout fund
Verdane exits Scanacon to Alder
Deal marks the end of a six-year holding period for Verdane, which acquired Scanacon in 2012
Auctus buys Robert Bürkle from Nimbus
Sale ends a four-year holding period for Nimbus, which bought the firm from family owners
Greybull acquires Redeem
Transaction reportedly follows a "scramble to secure new funding" for the mobile phone recycling firm
Apax France buys AEB Group in SBO
GP eyes a buy-and-build strategy for the Italian food-focused biochemicals business
Synova sells 4Ways to ECI, earns 6x
Synova backed the MBO of 4Ways in 2015 and has helped to scale the firm's operations
Apollo acquires Tifco from Goldman Sachs
Transaction reportedly values the Ireland-headquartered hotel operator at тЌ500-600m
LDC invests £25m in Love Energy Savings SBO from NVM
Deal for the energy price comparison company is a partial exit for the vendor after three years
MBO Partenaires, Amundi PE buy Groupe Arcado in SBO
Siparex and Carvest sell majority stake in charcuterie specialist Arcado and reinvest
LDC divests ByBox in £221m SBO to Francisco Partners
Sale of the supply chain logistics company comes just two years after LDC's initial investment
Antin picks up Sølvtrans from Oaktree
With the new funding, SУИlvtrans plans on growing its role as live fish operator in the market
Siparex, Arkea exit Nadia Group
Previous backer Unexo and management reinvest in the France-based industrials group
FnB Private Equity, Agro Invest buy Valade
French PE houses FnB Private Equity and Agro Invest have jointly bought a majority stake in France-based fruit-processing company Valade Groupe.
PE-backed IPOs hit nine-year low
Of the 617 European exits so far this year, only 17 have been IPOs, equivalent to 2.7%