Trade sale
Equistone sells EuroAvionics to Hensoldt
Hensoldt is concentrated on security and defence aviation and will expand into the civil market
Ares sells Hillarys to Hunter Douglas in £300m deal
Vendor had previously taken part in a refinancing for the company and reportedly acquired it in 2016
Quadriga sells M&R Automation to PIA
Acquisition will strengthen PIA's portfolio in the powertrain and e-mobility production segment
Inventure sells Beddit to Apple
Nordic early-stage VC firm sells its stake in the Finnish sleep monitoring sensor manufacturer
Apax France et al. sell down remaining stakes in GFI
Qatar-based Mannai Corporation will increase its holding in the French IT business from 51% to 95%
EMBL and Life Sciences Partners sell Luxendo to Bruker
Bruker will expand its portfolio with the addition of Luxendo's microscopes and intellectual property
Project A sells Minodes to Telefonica Next
Fifth exit from Project A's first fund, which held a final close on €80m in 2012
HTGF sells Collinor to Godesys
Medium-term goal of the acquisition is to integrate Collinor's software into Godesys's project management systems
DBAG sells Romaco to Truking Group
DBAG will initially sell around 75% of the company from its balance sheet and its vehicle DBAG Fund V
Warburg Pincus sells Source to Invesco
Previous media reports suggested the vendor was looking for a $400-500m valuation for the asset manager
HQ Equita sells Isolite group to Hitachi Chemical
HQ Equita acquired Isolite using capital from Equita Holding in 2010
HgCapital sells Qundis for 3.5x money
Exit represents a 3.5x investment multiple for HgCapital and a 30% gross IRR, with cash proceeds of £36.9m
Secondary buyouts take up record slice of exit market
Ample funding for quick-dealing GPs has been a key driver of rising secondary buyouts
Terra Firma, CPPIB sell Awas to Dubai Aerospace
Earlier media reports suggested the vendors were seeking $7bn for the aircraft leasing company
Fondo Italiano d’Investimento exits Emarc via trade sale
GP sells its holding in the Italian auto parts producer after a five-year ownership period
Bridgepoint's EMT to acquire Exova for £620m
Deal values the company at 12.5x its adjusted EBITDA for the 12 months ending in December 2016
Hannover Finanz sells Lück to Spie
Spie looks to expand its mechanical and electrical services capabilities in Germany
Baring exits Weetabix in £1.4bn trade sale to Post Holdings
Sale of cereal company comes just a year and a half after the GP acquired a 40% stake in the business
BC's Elysium acquires Badby from Patron
BC Partners bought 22 mental health facilities in the UK, formerly part of Priory Group, in November
NorthEdge completes Fine Industries trade sale, scores 2.5x return
NorthEdge secures a 2.5x return on the chemicals business after a three-year holding period
Ecapital and IBB sell Geo-En to GASAG
Acquisition of Geo-En provides a strategic expansion into energy services for GASAG
H2 Equity Partners sells Hancocks to Innovative Bites for £100m
Sale of confectionary wholesaler follows a holding period of four and a half years
Milestone Partners exits Quintus Technologies in $115m trade sale
The acquirer is Tokyo-based industrial group Kobe Steel, which will operate Quintus as a subsidiary
Capitem Partenaires exits Planett
Capitem Partenaires acquired a majority stake in Planett in 2015 through an MBO