Trade sale
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.
VCs sell stakes in Rhebo to trade
eCapital, TFS, Montan-Ventures-Saar and VNG Innovation previously backed the cybersecurity company
Apax, DTCP, Summit exit Signavio
Apax Partners, Deutsche Telekom Capital Partners (DTCP) and Summit Partners have sold their stakes in Germany-based business process management software business Signavio to SAP.
IBB, Picus-backed Getsurance sold to trade
Insurtech company raised €2m in 2017 from Picus Capital and IBB but filed for insolvency in 2020
H2 Equity exits PMJ to trade
Sale ends a three-year holding period for H2 Equity, which bought a majority stake in PMJ via its fifth fund
VC-backed Ubitricity sold to Shell
Investors including Earlybird and IBB previously backed the electric vehicle charging startup
HIG exits Royo Group's furniture unit
HIG, alongside the Royo family, retains Royo's shower tray business, which operates under the Fiora brand
Partech sells stake in Once Dating to trade
French VC first invested in the dating app in 2015 via its first Partech Entrepreneur fund
Connection sells Carter to trade for 4x return
In addition to the original investment, Connection participated in two further funding rounds
SHS sells stake in Single Use Support
SHS invested in the pharmaceutical liquid transportation business in November 2019 via SHS V Fonds
eEquity, Bonnier Ventures sell Refunder to trade
eEquity exits the company three years after acquiring a majority stake in the company, and achieved a multiple of 3-5x on the transaction
Inflexion exits Bollington Wilson to trade
GP formed the company by merging two insurance brokers in 2017, investing via Inflexion Buyout IV
Alder sells Nordic Water to trade
Swiss buyer is paying €119m for the company and will see Alder and the management exit the business
Westlake sells Somatex to trade for $64m
US-based listed medical devices business Hologic acquires the business in a $64m deal
MB Funds to sell A-Katsastus to Finnish cooperative Tradeka
Exit comes a year and a half after the Finnish GP acquired the company from Bridgepoint, having also owned the company between 2003 and 2006
VC-backed Cazoo acquires Target Global-backed Drover
Cazoo generates revenue of £150m and has a valuation of more than £2bn
Advent sells Faerch to trade
Deal comes three years after the GP acquired the company from EQT, reportedly paying around €1bn for it
MB Funds to sell Kotkamills to trade
Sale comes five years after an MB Funds-led consortium acquired the company from Opengate Capital
Cabot Square sells Asset Alliance for £4.1m
Asset Alliance's debt, including a £140m RCF, will be refinanced by the acquirer following completion
HVD Partners sells Solifos to trade
Turnarounds specialist scores 9x MM and an IRR of 135% on the sale, according to a statement
ECI sells Arkessa to trade for 2.1x return
Arkessa was held in ECI Partners' 10th fund, which closed on £500m in 2014
Investcorp sells Avira, nets 200% IRR
Cybersecurity company saw EBITDA increase by 80% during the eight-month investment period
Marcol-backed HealthHero acquires Eight Roads-backed Doctorlink
Doctorlink generated £3.8m in turnover and EBITDA of -£7.6m in the year ending on 30 June 2020
Mutares-backed Balcke-Dürr sells Rothemühle to trade
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020