News/Deals
Unigrains, Sofiproteol back Caussade Semences
Agri-business-focused GPs back a seed production group Caussade Semences Group
Five Arrows-backed Karnov announces intention to float
Karnov generated adjusted EBITA of SEK 262m from sales of SEK 715m in 2018 (36.6% margin)
C5 Capital in $17m series-B for Blue Cedar
C5 Capital uses its C5 Cyber Partners II fund, despite not yet holding its first close
Nexi to float on Italian stock exchange in April
Placement includes existing shares as well as new shares issued via a €600-700m capital increase
AP6 invests in Accent's Hoist
Accent retains the majority and the company's founder, Malcolm Lindblom, will keep his share
Secondaries leverage hitting record levels – research
Leverage now accounts for nearly 40% of the yearly secondary market value, says Triago
CH&Co in exclusive sale talks with Equistone – report
Talks for the MML-backed catering and hospitality firm are reportedly based on £22m run-rate EBITDA
Pollen Street increases offer for Prime Car Management
Firm initially offered PLN 20 per share on 20 February, but has increased this to PLN 23.25
Waterland to sell Verbraeken to Andera – report
Sale values the business at more than €100m, according to Belgian publication De Tijd
Exponent to exit Bullitt via restructuring - reports
Reported transaction would come less than two years after Exponent acquired a 65% stake in the firm
Astorg inks first US deal with Anaqua
GP uses Astorg VII, closed last month on €4bn, to acquire a stake in software developer Anaqua
Bowmark close to £100m take-private of Tax Systems
Offer represents a premium of 20.3% on the average 91.4 pence per share in the past 12 months
Apollo acquires stake in Bene Assicurazioni
Transaction is part of Apollo's acquisition of NYSE-listed company Aspen Insurance Holdings
Pride Capital provides first mezzanine loan after spin-out
Mezzanine loan provided to Coyo is Pride Capital's first since its spin-out from Main Capital
VC-backed Sequana Medical sets IPO price range
Offer range of €8.50-9.00 gives the medical equipment maker an implied market cap of around €120m
Idinvest's, Cherry Tree's Molotov in exclusivity with Altice
Deal will reportedly value the online video streaming company in the hundreds of millions of euros
Cerberus and Centerbridge offer €600m for NordLB
Firms will each pay half the offer price in a bid for a minority stake in the German lender
Apollo's £3.32bn RPC take-private bid approved by directors
Development comes four months after the GP emerged as a bidder for the plastic packaging firm
Blackstone, H&F have joint bid for Scout24 rejected
Offer from previous owners Blackstone and Hellman & Friedman values the business at €4.7bn
3i Group buys MFM Capital
3i acquires the company for up to €16m, of which €8.7m was deployed on signing the deal
L Catterton partially exits Steiner via $900m Elemis sale
Sale of the skincare brand to L'Occitane is worth marginally less than the original deal for its parent
Investindustrial acquires Jacuzzi Brands
Nottingham Spirk co-invests alongside Investindustrial by acquiring a minority stake in the company
Value Enhancement Partners buys Actos – report
Special situations specialist buys a stake in Netherlands-based staffing agency Actos
Investindustrial puts in €142m offer for chocolate maker Natra
Investindustrial made its offer through World Confectionary Group, a new acquisition vehicle