Trade sale
Abénex, Cathay Capital to sell Surys to trade
GPs sell anti-counterfeiting technology company Surys, which they delisted in 2013
VC-backed Raisin buys retirement savings startup Fairr
Second add-on inked by Raisin this year, following the purchase of MHB Bank from Lone Star
Baltcap sells Auto24 to Apax-backed Baltic Classifieds
Auto24 marks the first bolt-on since Apax's investment and diversifies the group's portfolio
Actera Group sells Kamil Koç to VC-backed FlixBus
Sale ends a six-year holding period for Actera, which acquired Kamil Koç for approximately €25.5m
CapMan sells Kämp Hotels to Nordic Choice Hospitality Group
Transaction is the fifth exit from the 2013 CapMan Buyout X fund
Cross Equity exits Swiss Tool Systems in trade sale
US-based RBC Bearings buys the modular tooling and boring systems business for CHF 33m
Tenzing sells FMP to Hg's Iris in maiden exit
Tenzing's sale of FMP Global generated a money multiple of 5.4x and an IRR of 72% for the firm
HTGF exits Cytena in €30.25m deal
High-Tech Gründerfonds first invested in the company in 2015, and again in March 2019
PE-backed Nets offloads division to Mastercard for €2.85bn
Acquisition comprises Nets' clearing and instant payment services, and e-billing solutions
Sovereign sells Outcomes First to Stirling Square's NFA
Deal for the specialist care provider brings to an end a six-year holding period for the vendor
GPs sell MeilleursAgents to trade in €200m deal
Axel Springer's Aviv buys France-based MeilleursAgents, an online real estate service
Mayfair makes first exit with Fox International trade sale
Mayfair backed the SBO of the fishing tackle business in 2015, with Next Wave reinvesting
EQT to sell Charleston
EQT acquired Charleston in 2014 and made nine bolt-on acquisitions throughout its holding period
Waterland sells HistoGeneX to PE-backed Caprion Biosciences
Waterland exits Belgium-based biotechnology business HistoGeneX to Canadian peer Caprion
Gilde exits Powerlines to trade
Gilde Buyout Partners acquired a majority stake in Powerlines from Invest Equity in 2008
Winona exits sports fashion retailer KJUS
Winona Capital invested in the Switzerland-based ski and golf apparel company in 2013
Gimv to sell Thinkstep to trade
Gimv first invested in the company's €8m financing round in 2010 alongside Next47
Eurazeo, Céréa to sell Léon de Bruxelles to trade
Sale will enable Eurazeo PME to realise total proceeds of €24.1m, a multiple of 1.5x
Gimv, Sofinnova, Gilde exit Breath Therapeutics for €500m
Gimv and Sofinnova Partners co-led a 2017 €43.5m series-A for Breath Therapeutics, with participation from Gilde Helathcare
Portobello sells car rental provider Centauro for €130m
Sale ends a two-year holding period for the GP, which bought the company via its €375m third fund
Aksìa sells Lameplast to trade for €88m
Sale ends a three-year holding period for the GP, which bought the company via its fourth fund
VCs exit Understand.AI to trade
Germany-based trade buyer DSpace has acquired autonomous driving software company Understand.AI
FSN sells Velcora to trade for SEK 1.28bn
Acquisition includes Velcora's Roplan and Steridose businesses, both headquartered in Sweden
Inflexion to merge Bridgepoint-backed Estera with Ocorian
Transaction ends a four-year holding period and reportedly values Estera at £500-600m