News/Exits
SWEDEN - Priveq and Investor in SEK 3.5bn Orphan exit
Swedish private equity house Priveq and industrial holding Investor Growth Capital has sold drug company Swedish Orphan International to Biovitrum in a SEK 3.5bn deal.
FRANCE - Advent to sell Monext
Advent International looks set to exit its investment in electronic payment company Monext, which it spun out from Experian France in 2008, in a trade sale to Crédit Mutuel Arkéa.
UK - Atlas exits Koodos
Atlas Venture has exited online discount fashion retailer Koodos Ltd through a trade sale to software development company e-trader.
UK- Vision Capital's First Quench goes into administration
Vision Capital-backed First Quench, the owner of the Threshers and Wine Rack chains, has been placed into administration.
FRANCE - Activa sells BFI in EUR 20m deal
Activa Capital has sold BFI Optilas, an electronic equipment company, to UK-listed Acal in a deal that values the company at EUR 20m.
UK - Finance Wales reaps 25% IRR through Abriox buy-back
Finance Wales has wholly exited its investment in monitoring instrumentation manufacturer Abriox Ltd through a managment buyback, generating an IRR of between 25-30%.
UK - TPG exits remaining Debenhams stake in £97m deal
Buyout house TPG has sold its remaining 9% stake in department store chain Debenhams to an institutional buyer for about £97m.
UK - Scale and Balderton- backed ScanSafe sold to Cisco
Web security firm ScanSafe, backed by Scale Venture Partners and Balderton Capital Partners, has been sold to IT giant Cisco for approximately USD 183m in cash and retention-based incentives.
GERMANY – BC Partners and Apollo plan EUR 300m IPO for Unitymedia
According to press reports, BC Partners and Apollo Management are looking to float cable company Unitymedia GmbH. Reports suggest the investors are targeting a market capitalisation of at least EUR 300m.
UK - Hellman seeks Gartmore listing
Global buyout house Hellman & Friedman has added its name to the growing list of investors planning a listing of a strong performing portfolio company, with sources close to the firm suggesting that fund management business Gartmore, in which Hellman...
UK - Hellman seeks Gartmore listing
Global buyout house Hellman & Friedman has added its name to the growing list of investors planning a listing of a strong performing portfolio company, with sources close to the firm suggesting that fund management business Gartmore, in which Hellman...
UK - Duke Street’s may fetch £250m for Simple sale
Reports suggest that Duke Street Capital is looking to sell skincare brand Simple for around £250m, with Goldman Sachs leading the process.
UK - CVC could bid for £1.5bn Matalan
UK discount retailer Matalan is formally on the block, with CVC Capital Partners rumoured to be interested in making a bid for the business, which could have an asking price of around £1.5bn.
UK - LGV looks to raise £200m from LGC sale
Mid-market investor LGV has put its portfolio company LGC up for sale, with £200m touted as a possible price tag for the forensics group acquired in 2003 from 3i for £80m.
UK - Montagu loses Linpac in restructuring
Montagu Private Equity is to lose control of Linpac, a packaging company it acquired in 2003 for £860m with Deutsche Bank as lenders, in a debt-for-equity swap.
UK - Apax et al. to exit Tideway Systems
Apax Partners, Accel Partners, Scottish Equity Partners and Nesta are to exit portfolio company Tideaway Systems Limited, an IT discovery solutions business, through a trade sale to BMC Software.
NETHERLANDS - 3i divests Dockwise stake
3i has sold approximately 26% of its interest in Oslo-listed marine contractor Dockwise, as part of a wider placement of shares by the company that could raise between $220-250m.
UK - Midven exits Autochair; achieves 15% IRR
The HSBC UK Enterprise Fund for the Midlands, managed by Midven, has wholly exited its investment in driving aids provider Autochair Limited, generating a 2x return and an IRR of 15%.
FINLAND - Altor sells PaloDEx to Danaher
Swedish private equity firm Altor has sold medical equipment company PaloDEx to Danaher Corporation, a Finnish dental company.
FINLAND - Viking, Eqvitec and FII sell Iqua to Savox
Viking Venture, Eqvitec and government-backed Finnish Industry Investment has sold the wireless mobile accessories developer, Iqua, to Finland-based Savox Group.
UK - Candover loses interest in ALcontrol restructuring
Laboratory testing company ALcontrol, backed by beleaguered private equity firm Candover, has agreed to a restructuring deal with its lenders that will see Blackstone's GSO Capital Partners take a majority stake in the business.
GERMANY – HRE squeeze-out formalised; Flowers loses stake
JC Flowers lost its stake in ailing Hypo Real Estate bank when the bank's majority owner, government fund Soffin finalised the squeeze-out of the remaining minority investors at yesterday's general meeting.
AUSTRIA - Deutsche Beteiligungs sells MCE
German private equity house Deutsche Beteiligungs AG has sold its entire stake in industrial service group MCE to trade buyer Bilfinger Berger AG in a deal valuing the company at EUR 350m.
FRANCE - 3i cedes position in Cair
3i has ceded its 34% stake in Groupe Cair to Creadev, an investment company owned by the Mulliez Family. The divestment was made through Creadev's acquisition of Groupe Cair's main subsidiary Homeperf, a home care company. Following 3i's exit, Groupe...