Trade sale
CapVest sells Eight Fifty to Sofina Foods
Combined group is expected to employ 13,000 staff across 44 sites and generate $6bn in annual revenues
Nordic Capital nets strong return on €2.1bn Itiviti trade sale
GP had delisted the trading technology and services provider in 2012
Triton reaps 2.4x return on sale of Logstor
Deal comes more than seven years after Triton invested in Logstor via Triton Fund III
Albion exits Berkley Care for 2.5x return
Sale ends a seven-year holding period for Albion, which initially invested ТЃ16m in the business
Magnum exits Ita Mental Health to Korian
Sale ends a four-year holding period for the GP, which invested in the company via Magnum Capital II
Kerogen sells Zennor Petroleum to trade
Kerogen Capital acquired a majority stake in Zennor in 2015, investing alongside Unigestion
FSI et al. sell Cedacri to Ion for €1.5bn
FSI intends to reinvest in Cedacri as a minority shareholder, doubling the capital deployed in 2017
Pride Capital sells stake in Kairos to trade
Direct lender invested in Kairos in 2018 and was part of Main Capital until its spin-out in 2019
Beyond Capital Partners sells Sysob to trade
GP invested in the IT equipment distributor in 2016 via BCP Fund I; it is on the road for Fund II
Synova sells Tonic Games to Epic, nets 200% IRR
Exit closely follows that of Fairstone Group to TA, which resulted in a 4.5x return
Platinum-backed Cision buys Brandwatch for $450m
Brandwatch raised around $65m over three funding rounds from VCs including Partech and Nauta
HTGF, Neuhaus Partners sell stakes in Next Kraftwerke
Shell acquires the virtual power plants operator one month buying VC-backed Ubitricity
Penta sells Mecom Group to US-based trade buyer
GP exits the meat-processing company 13 years after acquiring Mecom Humenne in 2008
Octopus-backed SimplyCook acquired by Nestlé
SimplyCook will continue to be led by its founding team from its base in London
VCs exit Cluno to VC-backed Cazoo
Germany-based Cluno was backed by Acton Capital, Atlantic Labs and Valar Ventures
Novum Capital to sell CC Group to trade
Buyer is Waterland portfolio company Blue Phoenix; the sale ends Novum's three year holding period
GCP sells Infinity Works to Accenture
GCP invested in Infinity Works in March 2019 as a minority partner to the founder management team
PE-backed NutraQ sold to trade in NOK 3.1bn deal
Based on the company's 2020 EBITDA of NOK 188m, the deal achieved an EBITDA multiple of 16.5x
ECI-backed Edenhouse sold to trade
Accenture is a listed professional services conglomerate and acquires the IT service to improve its SAP provision capabilities
LDC-backed Onecom acquires BGF's Olive Communications
BGF invested ТЃ10m in Olive in 2016 in a deal that also raised ТЃ5.25m in debt provided by Barclays
YFM sells CPMS for 2x return
In 2018, YFM funded an MBO of CPMS with a ТЃ4.5m investment from its first buyout fund
AnaCap sells Equa Bank to Raiffeisen Bank
GP says the digital bank had grown its deposit base and loan book by more than 12x and achieved 36x growth in revenues
VCs sell stakes in Adjust to KKR's AppLovin
Exit reportedly values the app performance and marketing software at around $1bn
EQT Ventures et al. sell Peakon to trade for $700m
Since being founded in 2015, Peakon raised around $68m from investors including EQT Ventures, Atomico, IDInvest, Balderton and Heartcore.