Trade sale
Silverfleet to exit STAXS in trade sale
Sale of Dutch cleanroom consumables distributor to Haniel-owned CWS Cleanrooms will deliver a 6x money multiple for the sponsor
Phoenix sells 1000Heads to PE-backed Labelium
Phoenix Equity Partners has sold its stake in UK-based social media data and consultancy firm 1000Heads to France-headquartered Labelium, a portfolio company of Charterhouse Capital Partners.
Alcedo exits Duplomatic in trade sale to Daikin Industries
Japanese group will pay EUR 220m for Italian valves and pumps maker, which saw revenues more than double since sponsor’s entry in 2017
Main sells Obi4wan to PE-backed Spotler
Exit to CNBB portfolio company Spotler Group ends a holding period of almost six years
EMZ exits Ankerkraut to Nestlé for 2x money
Deal marks the first full exit for EMZ Fund 9 and ends a holding period of less than two years
Phoenix exits Forest Holidays for 3x money
Buyer is Sykes Holiday Cottages, a portfolio company of Vitruvian Partners and Livingbridge
Inflexion sells Marley for 3.5x, 58% IRR
Sale to listed construction firm Marshalls values the roofing tile specialist at GBP 535m
Accent exits Motum to Mitsubishi Electric
Sale of Swedish elevator services group marks the 12th exit from the Accent Equity 2012 fund
Motive sells Global Shares to JP Morgan
Deal generates around 10x return on invested capital and values the Irish equity compensation software solutions at USD 750m EV
FSI exits minority stake in Adler
The private equity firm has sold its 28% stake back to the founding family
Bowmark, MML to exit The Instant Group in deal with IWG
IWG to invest GBP 270m to buy sponsors’ stake and provide growth capital; new group expected to list in 2023
Rubicon sells John Lawrie Metals to ArcelorMittal
The London-based GP invested in parent company John Lawrie Group in 2017
WestBridge exits bChannels to trade for 4.2x money
WestBridge acquired the UK-based technology marketing firm in a GBP 3.5m SBO in 2014
Naxicap sells Ondura to Kingspan in EUR 550m deal
GP bought the roofing business in 2017 via a EUR 220m SBO from Abénex and Astorg
Abac exits PronoKal to Nestlé Health Science for EUR 100m
GP first bought 100% of the share capital in 2017
Abris exits Patent Co to trade
Sale to Raiffeisen Ware Austria ends Abris's six-year investment period in the animal feed company
Primary Capital exits Readypower in trade sale
Readypower was acquired in a management buyout in 2017
Synova sells Pacifica's Home Services division to trade
GP invested in Pacifica in 2019 and will now focus on its applied services and warranty division
Riverside sells Repa to Berkshire-backed PT Holdings
Manufacturer of spare parts for vending and catering mahines expected to post revenues of USD 1.2bn in 2021
TDR et al. in EUR 4.9bn LeasePlan sale
LeasePlan will be combined with Societe Generale's car-leasing subsidiary ALD, forming NewALD
Verdane reaps 4x in USD 360m Brightpearl exit
Shareholders including Cipio Partners and Notion Capital are also selling their stakes to Sage Group
PAI sells Asmodee to Embracer in EUR 3bn deal
EBITDA for the France-based games business has risen from EUR 90m to EUR 240m under PAI's ownership
CVC exits Etraveli in EUR 1.63bn trade sale
CVC acquired the online flight booking platform from ProSiebenSat.1 in 2017 in a EUR 508m deal
Waterland sells Cawood for 3.7x money
Trade sale to EBI is the first exit from the GP's GBP 2bn, 2017-vintage fund Waterland VI