Trade sale
General Atlantic exits ControlExpert to Allianz X
Exit comes after a three-year investment period in the vehicle insurance claim auditing platform
MML sells Altius to Avanade
Avanade recently acquired Germany-based Alnamic, a provider of business transformation services
Ardian and Tikehau to exit DRT to trade
Ardian invested in the plant-based chemicals company in 2017 in a deal valued at €1bn
BGF exits Vysiion for 3x return
Founded in 1971, Wiltshire-based Vysiion offers products and services surrounding IT infrastructure
BE Beteiligungen, Novum exit Vulkatec to trade
Company's headcount and revenues doubled during the GPs' five-year investment period
VR Equitypartner sells stake in Vautid to trade
Exit follows the GP's investment in the metallic-surface protection company in 2007
EVPE sells Enpro to Hunting $33m
Hunting will pay $33m on completion, plus a potential maximum earn-out of $3m based on EBITDA growth
EV Private Equity et al. exit Halfwave to trade
Sale ends an eight-year holding period for EV Private Equity, which bought a 56% stake in the company
BDC's Anaveo buys Azman from Initiative & Finance
Initiative & Finance bought a minority stake in Azman as part of an owner buyout in 2017
Main Capital sells TPSC to PE-backed Symplr
Sale ends a six-year holding period for the GP, which bought TPSC via its €40m Main Capital III fund
TA exits Merian to Jupiter for £370m
Merian had AUM of £22.4bn as at 31 December 2019 and reported EBITDA of £92.8m for 2018
Springtide, MCI exit Geewa
Geewa's founder and shareholder, Milos Enderle, also sold his remaining 6% stake in the company
Sherpa sells Cegasa Portable Energy to Autlán for €26m
Sale does not include the rest of the Cegasa group, which will continue to be manged by the GP
Mobeus sells Biosite to Assa Abloy
Unquote understands the deal value is £25-50m and that the company is EBITDA positive
Alto Partners exits Pastificio di Chiavenna to trade
Sale ends a five-year holding period for Alto Partners, which acquired the company via its third fund
Afinum sells Meridian to TDR Capital-backed David Lloyd
Sale ends a six-year holding period for Afinum, which bought Meridian via Eigenkapitalfonds Mittelstand fund
PAI sells Albea's dispensers business for $900m
GP continues to manage the remaining business of Albea as a portfolio company of PAI Europe VI
MTIP et al. exit Blueprint Genetics to trade
Listed, US-based diagnostic information service Quest Diagnostics has acquired Blueprint
PE-backed Avisa bolts on consulting firm CEIS
Merger will help the group provide a wider range of cybersecurity-related services
EI sells Danwood to trade for €140m
Enterprise Investors wholly acquired the company in a carve-out from Budimex in December 2013
LDC exits Keoghs
Keoghs CEO John Whittle and the management team will continue to lead the business
Aurelius sells Ghotel to trade for €63m
GP acquired the hotel chain in 2006 and backed several add-ons during the investment period
Bayern Kapital, HTGF, Occident exit Cunesoft
Buyer is healthcare software provider Phlexglobal, a portfolio company of Vitruvian
Alto Partners exits Artebianca to trade
Alto is currently investing its fourth fund, which closed on its €210m hard-cap in April 2018