Secondary buyout
Synova sells majority stake in Mintec to Five Arrows
Synova reaps 12x invested capital and will reinvest in the company for a minority stake
Carlyle sells Cupa Group to Brookfield
GP bought the natural slate producer in 2016 for EUR 170m; it is now reportedly valued at EUR 900m
Cinven acquires Vitruvian-backed International Financial Group
Isle of Man-based insurance group comprises Ardan International, RL360 and Friends Provident International
Pinova buys Sematell from IMCap
Small-cap technology investor IMCap bought Sematell in a carve-out from Attensity in 2015
Epiris acquires LDC-backed water pumps manufacturer Stuart Turner
Acquisition of the Oxfordshire-based company is the ninth investment made from Epiris Fund II
21 Invest sells LV Overseas to MML, BPI France in SBO
LV Overseas' management team will reinvest alongside MML Capital and BPI France
Bridgepoint sells Element to Temasek for 3.7x money, 30% IRR
Testing, inspection and certification company is reportedly valued at USD 7bn in the sale to Temasek
Bowmark sells Leaders Romans to Platinum Equity
Bowmark formed the property services group via the merger of Leaders and Romans in 2016
MML exits Waystone to Montagu, Hg for 11x money
Exit also sees 164% IRR and has returned 100% of the committed capital in MML Fund VI
Ardian acquires Biofarma from White Bridge
GP bought the company from White Bridge Investments
Axcel buys Danx, Livingbridge-backed Carousel
Livingbridge invested in Carousel Logistics in 2013; the company will now merge with Danx
Bregal invests in Redstor; Beech Tree exits
Bregal Milestone intends to support the data management software with its US expansion
Nord Holding sells Ruf Group to Waterland
Germany-headquartered bed producer Ruf Betten acquired e-commerce brand Bruno in February 2020
Adelis acquires majority stake in Westpack from Capidea
Adelis acquires an 83% stake in the packaging company from Capidea, while management reinvest 17%
Ergon acquires telecoms company Satlink from Artá
Ergon Capital Partners acquires a majority stake in Satlink from Artá Capital
IK Partners acquires e-commerce specialist Stein HGS
IK acquires its stake in the e-commerce company from Lennertz & Co, which will reinvest
Fortress buys Punch Pubs from Patron Capital
Patron Capital Partners and May Capital acquired the pub operator in a GBP 1.8bn deal in 2017
Hg invests in Bowmark-backed Pirum
Hg and Bowmark share joint control of Pirum with the company's management team retaining a significant stake
Providence sells Tes Global to Onex
Providence originally acquired the education software provider in an SBO from TPG Capital
Foresight sells DA Languages to IK Partners in SBO
IK expanded its UK operations to include a local small-cap team headed by partner Tom Salmon in 2020
FSN sells EET to Pamplona in SBO
Pamplona Capital Management has agreed to acquire Nordic technology distributor EET Group from FSN Capital in a secondary buyout.
IK to buy Renta Group from Intera
Intera formed the construction machinery and equipment firm in 2015 via a three-company merger
Bencis sells TBAuctions in SBO to Castik
Bencis formed TBAuctions in 2018 when it combined BVA Auctions with Troostwijk Veilingen
TA Associates buys Ambienta's Nactarome
TA beat contender Apax, which came second in the auction for the Ambienta-backed company