Secondary buyout
Rockpool nets 12.7x on sale of Outright Games to EMK
Rockpool took a majority stake in Outright in 2016, providing growth capital to the team
Astorg to sell Flowbird to Searchlight
Astorg bought the urban transportation and parking service (then known as Parkeon) for EUR 450m in 2016
Astorg acquires surgery supplies manufacturer Demetra
Keensight merged medical technology businesses Tecres and Aap Biomaterials to form Demetra in 2016
Lonsdale scores fourth exit of 2021 with Cross Rental Services sale
Sale of CRS is the GP's seventh exit since inception, and its fourth this year
Pamplona to acquire Pelsis from LDC
LDC backed the management buyout of Pelsis from US-based GP Wind Point Partners in 2017
Bridges reaps 2.5x return on sale of Wholebake to Elysian
Deal is the second investment for Elysian Capital III, which closed on its GBP 325m hard-cap in 2020
TriSpan buys Pho, Gresham House Ventures exits
Pho generated revenues of around GBP 40m in the year to February 2020
PAI acquires Scrigno from Clessidra
Deal is the fourth inked by PAI's new Mid-Market Fund, closed on EUR 920m in March
Livingbridge acquires IT service North from Aliter Capital
Aliter Capital formed North via a buy-and-build strategy for portfolio company Boston Networks
Alpha Private Equity sells Vertbaudet to Equistone
SBO of the children's clothing and accessories retailer is Equistone's sixth platform deal of 2021
PE buy-side appetite further boosts exit options for sponsors
Secondary buyouts accounted for nearly a third of all PE exits in the first half of 2021, compared with typical levels of 20-25%
A&M Capital Europe buys Pet Network for EUR 260m
Pet Network was created by TRG in 2018 through the acquisition and merger of three businesses
Palatine sells Wren Sterling in Lightyear-backed MBO
Wren Sterling was created in 2015 through the Palatine-backed MBO of Towergate Financial
BC sells Pharmathen to Partners Group in EUR 1.6bn deal
BC Partners acquired the Greece-headquartered generic pharmaceuticals developer in 2015 for EUR 475m
IK buys Blanchon from Abénex
First investment made from IK Small Cap III Fund, which closed in April 2021 on EUR 1.2bn
Nordic Capital buys majority stake in VC-backed Duco
Financial data management software raised USD 28m from VCs including Eight Roads and Insight in 2018
WestBridge exits AJM Healthcare to Livingbridge
WestBridge backed the MBO of the wheelchair and mobility service provider in September 2018
Triton sells Polygon to AEA for 5.3x money invested
Secondary buyout of the building maintenance business ends a holding period of more than 10 years
Montagu acquires Intech from Eurazeo
Eurazeo says it is set to achieve a cash-on-cash multiple of 3x and an IRR of 31%
Towerbrook clinches Bruneau auction – report
Towerbrook reportedly beat competition from private equity firms Lone Star and Platinum
Montagu buys Waystone from MML
Acquisition of the fund advisory firm is Montagu's third SBO of 2021, according to Unquote Data
Bid Equity sells Myneva to Summa
Bid Equity had reportedly mandated GCA Altium to consider sale options at the beginning of the year
Charterhouse buys Labelium from Qualium
B2B digital marketing agency made six add-ons during Qualium's three-year investment period
CapMan acquires Verdane's MM Sports
Verdane mandated Clearwater International in Q1 to assess its exit options