Trade sale
Beringea divests Espresso Group
Beringea has sold Espresso Group, a UK publisher of educational digital content, to US media company Discovery Communications for an estimated £15-20m.
PE-backed GTS goes to Deutsche Telekom for €546m
Deutsche Telekom has bought GTS Central Europe, a telecommunications company backed by a consortium of private equity firms including Bessemer Venture Partners and Oak Investment Partners, for €546m.
CGS Management sells Schöttli to Husky
CGS has sold injection mould maker Schöttli to injection moulding equipment manufacturer Husky Injection Molding System.
HgCapital exits Epyx, reaps 2.7x return
HgCapital has sold UK-based Epyx to NYSE-listed fuel payment processing company Fleetcor, making 2.7x its original investment and a gross IRR of around 27%.
LDC reaps 2.4x in JCC Lighting exit
LDC has sold lighting manufacturer JCC Lighting (JCC) to US electrical manufacturer Leviton, reaping a 2.4x money multiple.
GCP rebrands to Kester and offloads TEG
The former European private equity division of Greenhill & Co, GCP Capital Partners, has simultaneously rebranded as Kester Capital and divested Travel Entertainment Group (TEG).
Auven sells Spirogen in $240m trade sale
Auven Therapeutics has sold cancer drug pharmaceutical company Spirogen to US listed corporation AstraZeneca's subsidiary MedImmune for $240m.
Advent exits Oxea in trade sale
Advent International has divested German chemical manufacturer Oxea in a trade sale, said to be worth around €1.8bn, to Oman Oil Company (OOC).
Shackleton sells Nanosight for £15m
Shackleton Ventures has sold Nanosight, a developer of particle-size measurement instrumentation, to Malvern Instruments for £15m.
Arle exits Qioptiq in trade sale
Arle Capital Partners has sold photonic products manufacturer Qioptiq to Excelitas Technologies, an electronic system provider.
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 €84.4m.
Inveready sells Indisys to Intel
Spanish investor Inveready has sold its stake in dialogue solutions provider Indisys to US trade player Intel.
ECI makes 2.1x on Ascribe exit
ECI Partners has sold healthcare IT company Ascribe to AIM-listed clinical software supplier Emis Group for £57.5m, generating a 2.1x return.
VCs sell Blink to Groupon
Several venture players have sold Blink Bookings, a Spanish last-minute travel app, to Groupon.
LDC sells Matrix Energy to ECE
LDC has agreed to sell Matrix Energy Services, a UK-based energy management and efficiency services provider for commercial buildings, to E.ON Connecting Energies (ECE), a new subsidiary of E.ON.
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.
Doughty Hanson divests Avanza Group
Doughty Hanson has sold Avanza Group, a Spanish bus and bus stations operator, to Mexican transportation firm Grupo ADO.
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 £266m.