News/Exits
Bridgepoint acquires LGV's LGC for £257m
Bridgepoint has acquired forensics and scientific testing company LGC from LGV Capital for £257m.
EXCLUSIVE - Argos Soditic reaps 4.2x on Kägi sale
Argos Soditic has sold its stake in Kägi to an undisclosed Swiss industrial family, generating 4.2x money.
Apax, Permira exit could herald new look IPO
As buyers shop around for bargains, Apax- and Permira-backed New Look is seeking a lucrative £1.7bn flotation. Could this be the first in a wave of IPOs, asks Deborah Sterescu.
Argos Soditic reaps more than 4.5x on Dinno Santé exit
Argos Soditic, FHH Conseil and the management have sold their 100% stake in Dinno Santé to the healthcare business of Air Liquide and in doing so have realised over 4.5x return.
Permira, Apax-backed New Look confirms £1.7bn IPO
Permira- and Apax-backed fashion retailer New Look has confirmed plans to float on the London Stock Exchange this morning, in a deal that values the business at £1.7bn.
Gresham reaps 3.4x on Minivator sale to Herkules-backed Handicare
Gresham Private Equity has exited its investment in stairlift manufacturer Minivator Group through a trade sale to Herkules Capital-backed Handicare, a healthcare company based in Norway.
PPM Oost sells its stake in biotech incubator
PPM Oost and Wageningen University and Research Center have sold their stakes in the biotech incubator BioPartner Wageningen Center to developer and investor Kadans Vastgoed.
Warburg Pincus acquires Montagu's Survitec for £280m
Montagu Private Equity has completed its exit of Survitec, the survival equipment manufacturer, through a secondary buyout to private equity giant Warburg Pincus in a £280m deal.
3TS Capital Partners sells adverServe
3TS Capital Partners has sold its majority stake in adverServe Digital Advertising Services GmbH. In 2006, 3TS invested into adverServe as part of its earlier PXP Software AG engagement.
Advent buys Duke Street's Xafinity
Duke Street has completed its exit of Xafinity, the specialist pension services and employee benefits group, through a secondary buyout to Advent International in a deal of undisclosed value - the second SBO in two days.
KKR acquires Pets at Home as SBO proves more lucrative than IPO
Bridgepoint has completed the exit of its pet retail chain Pets at Home through a secondary buyout to US giant KKR that is reportedly worth more than £950m, ending talk of a potential floatation of the business.
AUSTRIA - GEP exits Greentube
Global Equity Partners has sold its stake in online games company Greentube to Astra Games. Global Equity Partners held the stake via HTA III Venture Beteiligungs-Invest AG.
UK - Mosaic-backed Preston's Fish up for sale
Mosaic Private Equity-backed Preston's Fish Insurance has been put up for sale for a price tag thought to be around £30m, and is said to be attracting interest from regional investors Gresham and LDC.
UK - Clessidra seeks buyer for Prenergy Power
Italian buyout house Clessidra is said to be seeking a buyer for Prenergy Power, a biomass plant.
UK - Duke Street sells Affinity to Priory
Duke Street Capital has sold UK mental healthcare business Affinity Healthcare to The Priory Group for an undisclosed sum.
GERMANY - Permira exits remaining freenet stake in EUR 115m placement
According to press reports, Permira has divested its remaining 10% stake in telecommunications group freenet in a private placement on the Frankfurt Stock Exchange, raising approximately EUR 115m.
FRANCE - Duke Street exits Proclif
Duke Street Capital has sold its remaining 57% interest in Proclif, a private hospital company, to Predica, an insurance division of Crédit Agricole, which has in turn sold the stake on to Australian business Ramsay Healthcare for a reported EUR 87m.
FRANCE - BC Partners-backed Médica prepares IPO
It is understood that BC Partners is readying to list its Paris-based care homes group Médica, with bookbuilding set to commence on 25 January with BNP Paribas, Credit Suisse and Royal Bank of Scotland as bookrunners.
FRANCE – Butler in exclusive talks to sell France Champignon to Bonduelle
Paris-based private equity firm Butler Capital Partners is currently holding exclusive talks with food manufacturer Bonduelle over the sale of its portfolio company France Champignon.
SWITZERLAND - HBM BioVentures sells Ziemer stake for CHF 7m
HBM BioVentures has sold its stake in Ziemer Group Ltd for CHF 7m in cash to other Ziemer shareholders.
UK - SEB Venture Captial et al. exit ShoZu
SEB Venture Capital, Atlas Ventures, Crescendo Ventures and TTP Ventures have all exited their stake in mobile phone application developer ShoZu, via a trade sale to messaging software provider Critical Path for an undisclosed sum.
UK - Goldman Sachs et al. sell SpinVox to Nuance
Goldman Sachs Private Equity, GLG Partners, Blue Mountain Capital and Toscafund Asset Management have all exited their investment in SpinVox, a provider of voice-to-screen messaging solutions, via a trade sale to Nuance Communications in a deal valued...
UK/GERMANY - GI Partners sells Acentic for £30m
GI Partners has sold its 65% stake in entertainment company Acentic GmbH to Philweb Corporation for a total consideration of £30m, including debt.