Secondary buyout
Summa buys Norsk Gjenvinning from Altor
Altor backed the spin-out of the recycling business from Veolia in 2011 via Altor Fund III
Deal in Focus: IK buys Optimum from Mentha
IK Investment Partners makes its first acquisition in the Benelux region since the opening of its new office in Amsterdam in April
Phoenix acquires LDC's Forest Holidays
Deal reportedly values the rural holiday accommodation business at around the £100m mark
Abénex, Astorg sell Onduline to Naxicap
Company's management team, led by Richard Seguin, will retain a minority stake alongside Naxicap
Silverfleet buys 7days from Odewald
Silverfleet plans to increase 7days market share in Germany and expand internationally
Nordic Capital acquires majority stake in Ryds Bilglas
Founding family Ryd retains 10% of the company and will be on the board of directors
Phoenix sells Riviera to Silverfleet
Sale of holiday provider brings to an end a three-year holding period for the vendor
Nordic Capital buys Alloheim from Carlyle
Reports put enterprise value at €1.1bn, 12.5x the company's €88m projected EBITDA
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