Secondary buyout
Rabo Capital sells stake in Itho Group BV
Rabo Capital, part of Rabo Private Equity (the captive private equity division of Rabobank Group), has sold its majority stake in Itho Group BV to Bencis Capital Partners.
3i makes 3.5x money on Ambea sale to Triton
3i has divested its stake in healthcare and care services provider Ambea in a тЌ850m secondary buyout to Triton.
BOCE acquires Austria Email from UIAG
Buy-Out Central Europe has acquired 63.41% of listed Austria Email AG from investor UIAG.
Phoenix nearly triples money on Nationwide sale to Halfords
Second exit in 2010 for Phoenix, Kimberly Romaine reports
To SBO or IPO, that is the question
Recent evidence has shown that for good companies the barren exit market of last year has been replaced by a tug-of-war between viable divestment routes, writes Emanuel Eftimiu
Aggressive banks push Kabel Deutschland debt to 70%
According to sources close to the deal speaking to unquote", the banks involved in the pending Kabel Deutschland deal have aggressively pushed the equity to just 30% of the deal valued at as much as EUR 5bn. Equity ratios of just 30% are almost unheard...
Montagu Private Equity prepares for EUR 2bn IPO of BSN Medical
Montagu has hired Morgan Stanley to advise on a possible IPO for medical supplies company BSN Medical, which is expected to fetch up to EUR 2bn. A sales process was started about one-and-a-half years ago, but abandoned.
SBOs: To Xafinity and beyond
Duke Streetтs sale of employee benefits company Xafinity to Advent International marks the second major secondary buyout in as many days. With the buyout market currently a dichotomy between cash-rich and exit-starved managers, SBOs could be set to rocket....
SBOs replace IPO hopes as KKR snaps up Bridgepoint's Pets at Home
IPO maths don't add up as KKR completes ТЃ 950m Pets at Home secondary. Rikke Eckhoff reports.
KKR acquires Pets at Home as SBO proves more lucrative than IPO
Bridgepoint has completed the exit of its pet retail chain Pets at Home through a secondary buyout to US giant KKR that is reportedly worth more than ТЃ950m, ending talk of a potential floatation of the business.
Investment stalls as economic uncertainty returns
Figures from the just-released unquote" Q4 Private Equity Barometer reveal a stagnation in private equity investment activity as economic optimism wears thin.