Secondary buyout
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
EQT sells Apleona to PAI for €1.6bn
Deal is PAI's first in the DACH region since appointing Ralph Heuwing as partner and head of DACH
Gimv sells Climate for Life to Parcom
Gimv formed the climate control business in 2016 by merging Itho Daalderop and Klimaatgarant
Cinven, BCI to acquire Compre from CBPE
This is Cinven VII's third acquisition following the purchase of LGC and Thyssenkrupp Elevator
Mobeus exits Vectair for 8.3x return
Oxbow seeks to invest in mid-market companies with a revenues range of $20-250m
Chequers, Paragon to acquire Silverfleet's 7days
Sale process for the medical workwear company saw interest from FSN and Gilde, Mergermarket reported
H2 acquires Optegra
Vendor of the ophthalmology company is Eight Roads, Fidelity International's private equity arm
Via Equity sells EnviDan to Waterland
Via Equity acquired the water and wastewater consultancy in 2015 through Via Venture Partners Fond II
Sovereign exits BIMM to ICG
Sovereign Capital Partners backed the buyout of BIMM with a £10m investment in April 2010
Montagu to acquire ISI from Citic
Completion of the sale is expected next month, subject to customary closing requirements
BC to acquire Keesing from Ergon Capital, Mediahuis
Ergon invested through the €350m buyout vehicle Ergon Capital III, which closed in 2010
EQT buys majority stake in Thinkproject from TA
TA Associates bought the construction software company in 2016 and has reinvested as part of the SBO
Auctus buys Landbäckerei Sommer from SIP
SIP acquired the bakery chain in 2011 and has made returns of more than 20x its total investment
PAI acquires LDC's Addo Food and Equistone's Winterbotham Darby
Both management teams have reinvested and operations will continue to be run separately
Private equity ramps up divestment efforts
Exit activity jumped by 50% in October, back to pre-pandemic levels, according to Unquote Data
LDC sells Babble to Graphite for £90m
LDC retains a minority stake in Babble, while the management team is reinvesting some of its proceeds
ECI sells MPM to 3i for £170m
Other sponsors involved in the process included Livingbridge and Graphite Capital
GHO, co-investors complete Envision deal
Ardian and GHO started exploring options for the sale of Envision in May, with a deal struck in July
Castik acquires Customs Support Group from Mentha
Buyout is the first deal from Castik's second fund, which closed in October 2020 on €1.25bn
Bregal to acquire STP from Hg
Hg invested in the legal software business via its first Mercury Fund in 2016
LBO France buys majority stake in Prenax
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Naxicap acquires Eureka Education from Abénex, Finoli
Professional and higher education provider pursued a buy-and-build strategy under Abénex's ownership