Secondary buyout
DBAG sells Formel D to 3i
3i will invest up to €247m initially but aims to reduce that to around €150m through co-investment
PAI enters exclusivity with Ergon for EliTech SBO
Ergon bought the medical equipment maker in 2010 in a deal valued at more than €100m
LBO France buys VetroElite from Gradiente
Deal saw the Italian mid-cap private equity house divest the asset after a four-year holding period
HIG sells Brand Addition to Elysian
Acquirer takes a majority stake in the merchandising company, with HSBC and Beechbrook providing debt
Eurazeo sells Colisée to IK Investment Partners
Sale follows a three-year tenure and reportedly values the care home operator at €236m
Eurazeo PME buys Smile from Keensight
Keensight bought its majority stake in the French open-source IT business in 2014
Piper divests Weird Fish to Total Capital
Deal-by-deal investor Total Capital will take a 70% stake in the leisurewear company
BC Partners sells SGB-Smit to OEP
Transaction involves a €590m all-senior debt package, €340m term loan B and €250m undrawn facilities
AGIC acquires laser manufacturer Fotona
Fotona will use the new funding and local support from AGIC to expand its sales effort in Asia
AnaCap buys Ellisphere
Ellisphere was hitherto a subsidiary of Natixis, which had managed the group since 2014
Perspective et Participations et al. back Société Besnard bolt-on
Previous funders Unexo and Sodero Unigestion have backed Microsteel since 2006
LDC backs SBO of Addo from Vision Capital
Private investment fund Fullbrook Thorpe Investments has also invested in the UK pastry business
Active Capital Company acquires Codi Group
Active Capital had been the majority owner of Codi since 2013, when it invested €9.2m
Steadfast buys Reutter and ITIB
GP plans to merge and further integrate the two companies together with minority shareholder Fortas
Accel-KKR's ESG buys Utiligroup from NorthEdge
Accel-KKR portfolio company Energy Services Group (ESG) has bought UK-based software and IT services company Utiligroup from NorthEdge Capital.
Phoenix sells Key Retirement to Partners Group for £200m
New funding will be used to expand the companyтs distribution capacity and drive product innovation
Pamplona sells further 33% of OGF to Teachers' Private Capital
Pamplona, which first acquired the group in 2013, had already sold a 41% stake to OTTP in 2015
LBO France to take over HMY Group
Sagard became majority shareholder in HMY Group in 2005, acquiring the company for €340m
Naxicap buys Findis from Activa et al.
Naxicap’s takeover marks the third LBO for Findis, with previous owners including Activa and Abénex
NVM makes 3.1x on Optilan exit to Blue Water Energy
British oil, gas and energy focused private equity firm is acquiring the Coventry-based telecoms business
Aurica Capital backs Flex's SBO from Artá Capital
Spanish PE house Artá has reaped 3.3x returns on its initial investment with a 22% IRR
Intersaction backs PQR and 2ML merger
Gilde started supporting PQR in 1998, when it injected €17.92m into the group, thereby acquiring a minority stake
Volpi invests €90m in Version 1 SBO
Existing backer BDO Development Capital exits IT company after a three-year holding period
Ixo et al. acquire 40% in Groupe GA from Aermont Capital
Acquirer the stake in the property management firm from UK-based Aermont, ending a decade-long tenure