Secondary buyout
IK sells sink producer Schock to Triton
Kitchen sink producer was reportedly marketed based on projected 2021 EBITDA of €27-28m
Bencis acquires PePe Parts from MKB
Bencis Capital Partners plans to support the motorcycle parts wholesaler's international expansion
EQT sells Flying Tiger Copenhagen to Treville
Company founder Lennart Lajboschitz has also reportedly sold his 29% stake in the company
Capital Croissance buys majority stake in Cathay's Smart AdServer
Cathay will retain a minority stake as part of the deal, having acquired the business in 2015
Foresight sells FFX to H2 for 4.3x return
H2 focuses on mid-sized companies in the UK, Ireland and the Benelux region
EMH sells stake in Native Instruments
SBO to Francisco Partners sees EMH and Native Instruments' management retain a minority stake
Hellman & Friedman transfers TeamSystem from fund VII to fund IX
Hg and the company's management team reinvest in the transaction as minority shareholders
TA sells ITRS to Montagu
Montagu Private Equity acquires companies with enterprise values of тЌ200m-1bn
Broviken acquires Norwegian HR Prosjekt from Longship
GP will own a 55% stake in the company, while the remaining 45% will be owned by founder Helge Rustand and members of HRP's management
Livingbridge sells Broadstone to ICG
Broadstone generated EBITDA of ТЃ646,000 from revenues of ТЃ9.5m in the year ending on 30 June 2019
Abénex backs Squad MBO, Apax exits
Apax Partners Development (formerly EPF Partners) invested around €10m in the cybersecurity firm in 2017
Mobeus sells Bourn Hall to Canadian investor Triangle Healthcare
Fertility clinic Bourn Hall generated revenues of ТЃ10.9m in 2019, down from ТЃ12m in 2018
Apax France to acquire NL Mental Care from NPM Capital
NL Mental Care was acquired by NPM in 2013 and made a series of add-ons during the investment period
Mayfair acquires Seraphine from Bridgepoint for £50m
Seraphine generated ТЃ28.1m in sales for the year to 31 March 2020 and ТЃ4.7m EBITDA
Pollen Street sells SRG to HGGC
Deal represents a full exit for Pollen Street Capital, which was invested in SRG through its third fund
Maj Invest acquires Ferm Living from Vendis Capital
Deal reportedly values the interior design company at around тЌ67m
IK sells Signature Foods to Pamplona
IK acquired the company from its IK VII fund, which closed on €1.4bn in October 2013
Latour sells Nextpool to B&Capital-led consortium
GP sells its stake six years after acquiring it via Latour Capital I in December 2014
LDC exits Texthelp, Five Arrows invests
LDC was seeking around five potential sponsors in October 2020, one of which was ECI Partners
Borromin sells Guntermann & Drunck to Naxicap
SBO will result in returns of 3.9x money and 30% IRR, according to a source close to the situation
WestBridge buys Eque2 for £46.5m from LDC
Between 2017 and 2020, the business increased revenues by 29% and EBITDA by 85%, according to a statement
Polaris reaps high-teens return on €1bn sale of Molslinjen
Deal is the first exit from the GP's third buyout fund
Inflexion sells LCP to Charterhouse for £300m
LCP's executives and employees own a majority of its shares and its partners will increase their share
Castik sells Acrotec to Carlyle
Precision parts producer was valued at CHF 280m when it was acquired by Castik in 2016