Secondary buyout
DBAG-backed Duagon buys MEN from HQ Equita
DBAG Fund VII will invest €50m and the GP will contribute €11m from its balance sheet
Secondary buyouts hit 10-year low in Q1
Proportion of deals sourced from fellow PE firms has ebbed back to the level last seen in 2007, according to Unquote Data
Equistone acquires WHP Telecoms in MBO from Palatine
Palatine achieved a 3x return on its initial investment and will co-invest for a minority stake
Holland and Dolfin sell Esdec to Gilde
Under the vendors' tenure, Esdec has invested in a new R&D facility and international sales activity
Ardian exits Brico Privé in SBO
Ardian sells its minority stake in the French online DIY and gardening retailer to a fellow institutional investor
LDC reaps 2.5x on £95m sale of Capital Economics to Phoenix
Acquisition of the macroeconomic data and research company is the sixth deal from Phoenix's 2016 fund
Charterhouse acquires 3i-backed SLR
Deal brings to an end a 10-year holding period for 3i, during which the company doubled its EBITDA
FPE generates 3x return on sale of Small World to Equistone
Equistone draws equity from its latest тЌ2.8bn buyout fund, Equistone Partners Europe Fund VI
BGF divests Duncan & Todd as part of LDC-led SBO
Opticians group will pursue an acquisitive growth strategy under LDC's ownership
MML divests Lowe Refrigeration to Perwyn
Deal reportedly values the catering equipment rental provider at slightly more than ТЃ60m
Apax buys Bip from Argos Soditic
Sale ends a four-year holding period for Argos Soditic, which acquired the company in May 2014
Bridgepoint makes 8.8x on sale of Trustly to Nordic Capital
Nordic Capital drew equity from its ninth fund, ending a four-year holding under Bridgepoint
Palamon makes 3.6x on sale of Ober Scharrer to Nordic Capital
Sale is the 16th realisation from Palamon’s 2006-vintage fund, Palamon European Equity II
Patron sells Cala stake to Legal & General in £605m deal
Deal for the UK home builder brings to an end a five-year tenure for the vendor
OpCapita buys Rossopomodoro owner Sebeto
GP will strengthen the management team with the appointment of new CEO Roberto Colombo
Cathay and OrbiMed divest Echosens to Astorg
Deal is the first exit for Cathay's 2014-vintage €500m Sino-European MidCap fund
NorthEdge makes 3.1x on sale of Jigsaw24 to Alcuin
Sale of the IT business brings to an end a five-year holding period for the vendor
Mid Europa buys MediGroup from Blue Sea Capital
Seller Blue Sea Capital, which established MediGroup in 2013, will retain a 45% stake
Equistone sells E Winkemann to Cathay Capital
Equistone makes the divestment from its €1.5bn buyout fund Equistone Europe Partners IV
Bridgepoint acquires US-based Safety Technology Holdings
Industrial sensors and safety equipment group consists of two US companies and two European firms
Ratos exits Jøtul to OpenGate in NOK 360m deal
Deal ends a 12-year holding period for Ratos, after first acquiring shares in 2006
3i buys Royal Sanders from Egeria
Deal ends a three-year holding period for Egeria, which bought the company from Bencis
Bowmark acquires Ask4 from Darwin
Deal ends a four-year holding period for Darwin, after acquiring the wifi provider in May 2014
BC makes US deal with Zest buyout from Avista
GP is deploying capital from its 10th fund, which closed in January on its €7bn target