News/Exits
SWEDEN - 3i divests DIAB stake to Ratos in SEK 400m deal
3i has sold its 48% stake in core materials manufacturer DIAB Group AB to co-investor Ratos in a deal valued at approximately SEK 400m.
GERMANY - Nova exits nuclitec GmbH
Direct secondaries specialist Nova Capital Management has sold German radioactive products supplier nuclitec GmbH, along with its French and US based sister companies nuclitec sarl and nuclitec Inc, in a trade sale to Eckert & Ziegler Strahlen-und Medizintechnik...
BELGIUM - Siparex exits stake in Guillaume Teco
Siparex has exited its holding in electrical parts company Guillaume Teco to BV Capital Partners.
UK - LCA-backed Living Villages enters administration
Living Villages Holdings Limited, a construction company specialising in low carbon properties backed by Low Carbon Accelerator (LCA), is being put into adminsitration.
GERMANY - S-Refit sells DRONCO stake
S-Refit AG has sold its stake in abrasives company DRONCO AG to the wife of the firm's majority shareholder and CEO for an undisclosed sum.
UK - EV reaps 142% IRR from H2O exit
North of England-focused investor group Enterprise Ventures (EV) has wholly exited its stake in fibre optics business H2O Networks in a management buy-back, achieving returns of 3.6x cost and an IRR of 142% over the course of the investment.
FRANCE - Argos Soditic sells Jaybeam Wireless
Argos Soditic has sold Jaybeam Wireless, a manufacturer of cellular antennas for wireless telecommunications, to US-based connectors specialist Amphenol.
FRANCE - Actem Partners exits Datavance
Actem Partners has sold its minority stake in Datavance, an IT services firm, to Adecco. Founders Stephane Lévy and Eric Rozanes retain a stake and remain with the company.
GERMANY - HTGF partially exits InterMed Discovery
High-Tech Gründerfonds (HTGF) has sold a significant part of its interest in natural product lead-discovery company InterMed Discovery GmbH to Malaysian Life Science company Biotropics Malaysia Berhad, achieving a high single-digit multiple.
UK - Nova exits aia
Nova Capital Management has exited its investment in recruitment agency aia in a sale to TMP Worldwide Advertising & Communications in New York.
AUSTRIA - Global Equity Partners sells I&T GmbH
Global Equity Partners has sold its stake in automotive components I&T GmbH in a secondary management buyout for an undisclosed sum.
BELGIUM - Wellington et al. sell Q-Layer to Sun Microsystems
Wellington Partners, Partech and Big Bang Ventures-backed software developer Q-layer has been acquired by US IT firm Sun Microsystem.
FRANCE - Abénex and L Capital sell Nutrition & Santé
Abénex Capital and L Capital have sold health food producer Nutrition & Santé to Otsuka Pharmaceutical Co, a Japanese drug, food and drinks maker.
GERMANY - Perusa sells Buderus Kanalguss to MeierGuss
Perusa Partners has sold Buderus Kanalguss GmbH to strategic investor MeierGuss for an undisclosed amount.
UK - HgCapital sells Orbiscom for $100m
HgCapital has sold payment solutions provider of Orbiscom to Mastercard for approximately $100m.
FRANCE - Apax-backed Morgan falls into administration
Women's prêt-a-porter clothing brand Morgan, which is backed by Apax Partners, has gone into administration.
UK - Indigo sells Sorex
Indigo Capital has wholly exited its holding in pest control company Sorex Holdings Ltd in a trade sale to German chemical group BASF for an undisclosed sum.
UK - ECI completes £115m sale of Racal
UK mid-market buyout house ECI Partners has wholly exited its investment in Racal Acoustics, a provider of specialist hearing protection and communications products, in a £115m sale to strategic buyer Esterline Technologies Corporation.
UK - Advent Venture sells Thiakis
Advent Venture Partners has sold biotechnology company Thiakis Ltd to Wyeth Pharmaceuticals for £100m.
AUSTRIA - 3TS Capital Partners exits PXP Software AG
3TS Capital Partners has divested its majority stake in PXP Software AG to the company's management.
CIS - East Capital sells its 10% stake in Severnaya Kazna
East Capital Financials Fund has sold its 10% stake in Yekaterinburg-based Severnaya Kazna to the bank's new majority shareholder, Alfa-Bank, Russia, for EUR 27m.
NETHERLANDS - IK exits Wehkamp
IK Investment Partners has sold Dutch online shopping site Wehkamp to a group of private investors for an undisclosed sum.
FINLAND - Via Venture et al. sell OptoGaN to Russian industrial investor
Via Venture Partners, VNT Management and Finnish Industry Investments Ltd, have wholly exited light emitting diodes (LED) chip company OptoGan Ltd to a group of Russian industrial investors led by the private investment fund ONEXIM Group.
SWEDEN - STING Capital exits HULU
The Swedish venture firm, linked to Stockholm Innovation & Growth, has sold HULU Sweden, a developer of wireless technology, to the Norwegian telecommunication business Gipz AS.