Trade sale
Dunedin sells Capula to Dutch trade buyer Imtech
Dunedin has sold Capula, a provider of IT systems solutions to energy operators, to Dutch Engineering company Imtech.
Bain Capital sells FCI division for €765m
Bain Capital Europe has sold the motorised vehicles division of FCI, an automotive and electronics connector company, to NYSE-listed Delphi for €765m on a cash and debt-free basis.
Advent exits Vitrue to Oracle
Advent Venture Partners has exited US portfolio company Vitrue in a trade sale to IT solutions developer Oracle, following a 15-month holding period.
Dry powder will drive 2012 dealflow - Bain
Extensive dry powder, few exit opportunities and tough fundraising conditions will be the major drivers of private equity globally, according to Bain & Company.
Omnes and Demeter exit Methaneo
Omnes Capital (formerly Crédit Agricole Private Equity) and Demeter Partners have sold their joint 60% stake in Methaneo, a French developer of bio-methanisation solutions, to trade player Séchilienne Sidec.
Altor exits Meyn to Berkshire Hathaway subsidiary
Altor Equity Partners has divested Dutch food equipment producer Meyn to US-based CTB, a subsidiary of Berkshire Hathaway.
Lion to make 5x money on Weetabix
Lion Capital has sold 60% of UK cereal business Weetabix to Chinese food group Bright Food, in a deal that values the company at ТЃ1.2bn.
Milestone reaps 6x money on Cadum trade sale
Milestone Capital has reaped around 6x its money on the sale of French soap and baby products company Cadum to L’Oreal.
LDC exits Cranswick Pet Products
LDC has sold its majority stake in Cranswick Pet Products to Westland Horticulture for ТЃ18m.
CAPE et al. exit Miyowa in $45.5m trade sale
Crédit Agricole Private Equity (CAPE), Techfund and Sophia Euro Lab have sold their stakes in French software developer Miyowa to Synchronoss in a deal that values the business at $45.5m.
Aksia reaps 35% return on Robuschi exit
Italian private equity firm Aksia Group has achieved an IRR of more than 35% and a money multiple in excess of 4x on its sale of Robuschi, a manufacturer of blowers and pumps, to Gardner Denver.
August exits Planit in trade sale
August Equity has sold UK-based software business Planit Holdings to Vero Software, a portfolio company of US-based VC Battery Ventures.
GE overcomes hurdle in Converteam trade sale
General Electric (GE) has reached an agreement with the US Justice Department (DoJ) allowing it to acquire French engineering group Converteam from Barclays Private Equity and LBO France.
IK sells Magotteaux for €550m, reaps 6x money
IK Investment Partners has sold Belgian industrial supplier Magotteaux to Chilean group Sigdo Koppers for €550m.
NVM sells Promanex to Costain for £18.8m
NVM Private Equity has sold UK-based engineering services company Promanex to trade buyer Costain for ТЃ18.8m.
Sponsor Capital et al. sell Lujapalvelut
Sponsor Capital, Varma and other shareholders have sold Finnish facility management company Lujapalvelut Oy to Coor Service Management.
Permira sells Provimi for €1.5bn
Permira has reached an agreement to sell Dutch animal food producer Provimi to Cargill for €1.5bn.
Apax France exits Vizada in $960m trade sale
Apax France and Hutton Collins have sold French mobile satellite communications company Vizada to Astrium, an EADS subsidiary, for a total consideration of $960m.
Consortium sells Carmel Pharma stake
A consortium, consisting of Priveq Investment, Investor Growth Capital, Industrifonden, Start Invest and employees, has sold 95% of the shareholding in Swedish pharmaceutical company Carmel Pharma AB.
PE firm lose out on Lafarge gypsum arm
The European and South American gypsum division of cement maker Lafarge has been sold to trade buyer Etex for close to €1bn.
Priveq sells Sydtotal
Priveq Investment has sold its 57% stake in Swedish climate specialist Sydtotal AB to Imtech Nordic AB.
VCs exit BiancaMed in trade sale
VC-backed Irish medical equipment company BiancaMed has been acquired by ResMed, in a deal that values the company at less than $50m.
Large exits up 60% year-on-year
So far, 2011 has seen a surge in exit activity for private equity funds, with large-scale divestments seeing a significant recovery in particular. John Bakie gives an overview
PE-backed AES Laboratoire sold for €183m
Abénex Capital, EPF Partners, Fortis PE and BNP Paribas have exited French microbiology company AES Laboratoire in a €183m trade sale to bioMérieux.