Secondary buyout
Equistone acquires Fertighaus Gruppe from Adcuram
Under Adcuram's ownership, the group's revenues have increased from €200m to €300m
Ardian acquires majority stake in DRT
Individual shareholders and Tikehau Capital reinvest part of their proceeds alongside Ardian
Steadfast sells AVS Verkehrssicherung to Triton
Triton drew equity for the investment from its €3.3bn buyout vehicle, Triton Fund IV
IK sells SVT Group to Ergon Capital
Ergon drew capital from its 2010-vintage €775m buyout fund to support the transaction
Deal in Focus: IK buys Studienkreis from Aurelius
IK had considered previous opportunities in the education space, with the firm's partner Petersson saying the sector offers good opportunities for PE
Aurelius makes 11.6x on €76.5m sale of Studienkreis to IK
Aurelius generates a return of approximately 11.6x on its investment in the company
Livingbridge acquires LDC-backed Giacom
Vendor has reinvested for a minority stake in the cloud-based IT marketplace
Silverfleet sells CCC to Ardian
Management team, headed by Christian Legat, take a significant stake and remain in their roles
Trilantic buys Oberberg Group from Odewald
Trilantic draws equity from its €900m, 2015-vintage buyout vehicle Trilantic Europe Fund V
Deal in Focus: Ardian merges Spanish bakeries Berlys and Bellsolà
Ardian's investment in Berlys and Bellsolà forms part of a consolidation play in the European frozen food industry
LDC reaps 3x return from sale of Atcore to Inflexion
Sale of reservation software developer brings to an end a three-and-a-half-year tenure for LDC
Omers PE to acquire Trescal in SBO
GP is in talks to buy French calibration services specialist Trescal from Ardian
Ardian buys Berlys and Bellsolà
Following the merger, the new group expects to generate €300m in revenues with 1,700 employees
European SBOs reach record levels in first three quarters
Europe sees 202 secondary buyout deals between January and September, surpassing the peak of 200 seen in Q1-Q3 2007
LDC supports £16m SBO of Eque2 from Livingbridge
Construction admin software firm will acquire Miracle Dynamics Payroll and HR Solution
Ardian set to back Berlys SBO
GP will acquire the bakery in a deal valued in the €450-500m EV range, equating to a 10x EBITDA multiple
Citic Capital nears Axilone SBO
Chinese GP nears a buyout of the Paris-headquartered packaging supplier from Oaktree
Phoenix sells Porthaven to Fremont
Care home operator has increased its number of locations fivefold under the GP's tenure
Permira acquires Duff & Phelps for $1.75bn
Selling shareholders include Carlyle, Neuberger Berman, University of California and Pictet & Cie
Equistone sells Oase to Argand
Equistone makes the divestment from its €2.4bn third fund, ending a six-year holding period
Galia Gestion, Alliance Entreprendre back Barbarie
GPs replace owner and LT Capital as investors of pallet boxes business Barbarie Groupe
Graphite backs £72m MBO of YSC from Livingbridge
Deal for the management consultancy brings to an end a four-year tenure for Livingbridge
Ardian backs management buyout of Babeau-Seguin
Ardian buys the French detached house builder Babeau-Seguin from Nixen
CVC acquires TMF Group from DH Private Equity
Deal marks the first investment made by the GP's buyout fund VII, which closed in June 2017