Secondary buyout
EdRIP invests in secondary OBO of Itesa
Edmond de Rothschild Investment Partners (EdRIP) has taken a minority stake in the owner buyout of French security equipment distributor Itesa, allowing existing backer MBO Partners to exit the business.
FSN Capital to buy Troax from Accent Equity
FSN Capital has agreed to acquire Swedish property protection company Troax Group AB from Accent Equity.
21 Centrale buys Oberthur from TCR Capital
21 Centrale Partners has bought French stationery manufacturer Oberthur from TCR Capital.
Gimv buys ProxiAD from UI Gestion
Gimv has acquired a majority stake in French software engineering services provider ProxiAD from UI Gestion.
CVC buys Cerved from Bain Capital and Clessidra for €1.13bn
CVC Capital Partners has acquired Italian business intelligence provider Cerved from Bain Capital and Clessidra for €1.13bn.
Quadriga to buy LR Health and Beauty Systems from Apax
Quadriga is the final bidder for German beauty products retailer LR Health and Beauty Systems (LR International), currently owned by Apax Partners, according to reports.
LBO France buys Alvest off AXA PE and Equistone
LBO France has acquired French industrial group Alvest from AXA Private Equity and Equistone.
Reiten exits Basefarm to ABRY
Nordic private equity firm Reiten & Co has sold Norwegian IT company Basefarm to US-based ABRY Partners.
ICG backs MBO of ATPI from Equistone
The management team of UK-based travel management business ATPI has bought the company from Equistone with support from ICG.
Dunedin reaps 3x money multiple on etc venues exit
Dunedin Capital Partners has exited UK-based conference and training venues business etc venues in an SBO to Growth Capital Partners (GCP), reaping a 3x money multiple on its original investment.
Alto makes 2x on Monviso SBO
PM & Partners Private Equity has acquired Italian food producer Monviso from Alto Partners.
DBAG acquires Heytex Bramsche from NORD Holding
Deutsche Beteiligungs AG (DBAG) has acquired Heytex Bramsche, a German manufacturer of print media and technical textiles, in an SBO from NORD Holding.
Exit routes: secondary buyouts gain popularity
Secondary buyouts have seen their share of the exit market rise, while trade sales hold steady, according to the latest figures from unquote” data.
Nazca buys Ovelar for €28m
Spanish GP Nazca Capital has wholly acquired visual merchandising company Ovelar Merchandising for €28m.
Trade buyer caution forcing GPs down SBO route
Secondary buyouts
AEA and Teachers' Private Capital buy Dematic from Triton
AEA Investors and Teachers' Private Capital, the private equity arm of the Canadian Teachers Pension Plan, have bought German logistics business Dematic in an SBO from Triton.
Alcuin buys TileCo Group from Graphite
Alcuin Capital Partners has backed the management buyout of TileCo Group, a UK-based supplier of tile, mosaic and stone products, from Graphite Capital.
Waterland buys SENIOcare from Akina
Waterland has bought Swiss long-term care group SENIOcare in an SBO from Akina.
SBOs back with a vengeance in Q3
Secondary buyouts (SBOs) climbed back to prominence in the third quarter of 2012. The number of such deals rose from 28 to 34 compared to Q2, making it the only buyout segment to record an increase in an otherwise faltering market.
Exponent buys HSS in SBO
Exponent Private Equity has bought UK-based tools and services supplier HSS Hire Services Group from its owners Och-Ziff and Perry Capital.
Equita makes 10x money on Barat Ceramics exit
Equita Management has sold its majority stake in German oxide-ceramics maker Barat Ceramics to Steadfast Capital.
SL Capital appoints new partner and managing director
SL Capital Partners has promoted Patrick Knechtli and Mark Nicolson to partner and Jamie Ebersole to managing director in the firm's Edinburgh office.
IK Investment Partners agrees acquisition of Vemedia
IK Investment Partners and CEO Yvan Vindevogel have agreed to acquire a majority stake in Belgian pharmaceuticals supplier Vemedia Pharma.
EQT buys offshore communication platform for NOK 1.5bn
EQT has acquired offshore communication operator Tampnet from Hitecvision for NOK 1.5bn.