Trade sale
Auctus sells entitec in trade sale
Auctus Management has sold IT services provider entitec to data processing service provider IT.UV Software, reaping a 4x money multiple.
TPG-backed Grohe goes to Lixil in trade sale
TPG Capital and Credit Suisse's private equity arm have sold bathroom fittings manufacturer Grohe to Japanese household equipment maker Lixil and the Development Bank of Japan (DBJ) in a €3bn trade sale.
Capman completes Nice exit
Capman has wholly divested Nice Entertainment Group, a pan-Nordic content production company, to Swedish broadcaster Modern Times Group (MTG) for an enterprise value of тЌ84.4m.
Inveready sells Indisys to Intel
Spanish investor Inveready has sold its stake in dialogue solutions provider Indisys to US trade player Intel.
VCs sell Blink to Groupon
Several venture players have sold Blink Bookings, a Spanish last-minute travel app, to Groupon.
Summit Partners to sell Actix for $120m
Summit Partners has agreed to sell London-based mobile optimisation software provider Actix to customer experience systems company Amdocs for close to $120m.
Sunstone Capital exits Zymenex to Chiesi Group
Sunstone Capital has agreed to sell Danish biopharmaceutical group Zymenex to Italian pharmaceutical company Chiesi Group.
St Jude Medical acquires PE-backed Endosense
Medical device company St Jude Medical has wholly acquired Endosense, a medical technology company backed by several private equity firms, for CHF 159m.
Carlyle and N+1 Mercapital divest Arsys
The Carlyle Group and N+1 Mercapital have sold Spanish information and communications technology firm Arsys to 1&1 for around €140m.
eCapital et al. sell Novaled for €260m
eCapital Entrepreneurial Partners and other backers have sold 40% of organic light-emitting diode (OLED) specialist Novaled to Samsung Electronics, as well as a further 50% of the business to its subsidiary Cheil Industries, in a transaction valued at...
Alchemy offloads Cathedral for £266m
Private equity firm Alchemy Partners has divested Lloyd's of London underwriter Cathedral Capital to Lancashire Holdings for ТЃ266m.
LDC sells Avelo for £210m
LDC has sold financial services software company Avelo to Iress, an Australian financial services technology specialist, for ТЃ210m.
CVC sells Colomer Group to Revlon
CVC has sold The Colomer Group to Revlon Consumer Products Corporation for $660m after a 13-year holding period.
VC-backed Profibrix sold to big pharma
Index Ventures, Gilde Healthcare Partners, Vesalius Biocapital and Inkef Capital have sold Dutch biotech firm Profibrix to The Medicines Company for a total consideration of $240m.
Axa Private Equity exits Arkadin
NTT Communications Corporation (NTT Com) has agreed to acquire a stake of up to 91.2% in Axa Private Equity-backed collaboration service provider Arkadin International.
BaltCap offloads Medicap to synlab
Baltic-focused private equity firm BaltCap has sold Medicap Holding to European laboratory services provider synlab.
Waterland sells SLG to Medica
Waterland Private Equity Investments has wholly divested its Belgian portfolio company Senior Living Group (SLG) to Medica, a France-based dependency care provider.
Perusa exits Kammann Maschinenbau in trade sale
Perusa has sold its 85% stake in printing services supplier Kammann Maschinenbau to corporation Koenig & Bauer.
Finance Yorkshire exits S3 ID
Finance Yorkshire, via its Finance Yorkshire Equity Fund, has divested its 25% stake in UK-based S3 ID to CSE Global, reaping a 2.2x money multiple in a trade sale that values the company at ТЃ10m.
Aheim makes second exit in one month
Aheim Capital has sold its portfolio company Ecronova Polymer, reaping a 40% IRR and a 2.5x return on its original investment.
PE-backed Grohe circled by trade players
Plumbing fixtures manufacturer Grohe, which is owned by Texas Pacific Group Capital (TPG) and CSFB Private Equity, has attracted bids from a number of international trade players in an auction that could see the company fetch up to €4bn, according to...
NBGI achieves 4x return on Ochre House exit
NBGI Private Equity has sold Ochre House to Pinstripe, a US-based business backed by Accel and KKR, reaping a 4x return on its original investment.
Newion exits Mirror42
Newion Investments has divested Amsterdam-based Mirror42, a provider of cloud-based IT intelligence platform solutions, to trade player ServiceNow.
SüdKB sells MSC-Gruppe to Avnet
Süd-Kapitalbeteiligungs-Gesellschaft (SüdKB) has sold its holding in MSC Investment to Avnet.