Official Record
WestBridge exits AJM Healthcare to Livingbridge
WestBridge backed the MBO of the wheelchair and mobility service provider in September 2018
Sun European invests in Sports & Leisure Group
GPP buys a majority stake in the artificial turf business, headquartered in Belgium
Permira makes EUR 1.9bn investment in Adevinta
Deal will see eBay decrease its stake in Adevinta as part of the acquisition of eBay Classifieds
Project A opens first international office in London
Principals Sam Cash and Jack Wang, plus associate Luc de Leyritz, will head the new office
Seraphine lists in London seven months after Mayfair deal
IPO gives the maternity clothing business a market cap of GBP 150m, raising gross proceeds of GBP 61m
BC Partners invests in Valtech at USD 1.4bn valuation
Former reference shareholder Verlinvest and Valtech's new management also reinvest
H&F, BlackRock, GIC invest in Belron at EUR 21bn EV
Hellman & Friedman (H&F), BlackRock and GIC are to acquire a 13% stake in vehicle glass repair and replacement firm Belron in a deal that gives the company an enterprise value of EUR 21bn and an equity value of EUR 17.2bn.
Triton sells Polygon to AEA for 5.3x money invested
Secondary buyout of the building maintenance business ends a holding period of more than 10 years
Kempen Capital launches second private equity fund
Fund has a EUR 200m target and will make both small-cap direct co-investments and PE fund investments
Eka Ventures closes early-stage impact fund on GBP 68m
Founding partners have experience backing companies including Gousto, Bloom & Wild, Peak and Elder
Ufenau sells Swiss IT Security to Triton for 12x money
GP also netted 150% IRR on the sale, having acquired the company in 2017, and following 17 add-ons
17Capital raises USD 4.5bn across preferred equity strategies
Fundraise includes a USD 2.9bn final close for 17Capital Fund 5, which surpasses its target
Advent sells Allnex to PTTGC International
Trade sale values the Benelux-based coating resins business at EUR 4bn (12x EBITDA)
Montagu acquires Intech from Eurazeo
Eurazeo says it is set to achieve a cash-on-cash multiple of 3x and an IRR of 31%
EQT sells Igenomix in €1.25bn trade sale
Igenomix had a €400m enterprise value at the time of EQT's initial investment in 2019
DN Capital holds final close for fifth fund on €300m
Vehicle surpassed its тЌ200m target and is тЌ100m larger than the firm's fourth fund
VR Equitypartner sells Megabad stake to FSN Capital
VR Equitypartner has sold its stake in Germany-based online bathroom fittings and furniture retailer Megabad to FSN Capital.
Novalis Biotech closes second fund on €25m
Fund aims to back around 20 companies in total, with four investments already inked
Stirling Square acquires Sustainable Agro Solutions
GP intends to support the Spain-based biostimulants producer with market consolidation
Graphite Capital sells U-Pol in £428m trade sale
GP first bought the business in 2002, exiting in 2005 before acquiring it again in 2010
Eurazeo to sell early education business Grandir to InfraVia
Eurazeo is set to earn a 2x return on its initial investment
LBO France's Groupe RG completes impact refinancing
Reinancing for the PPE distributor includes ESG criteria that will affect the debt repayment
Gimv sells Summa to Ergon
Gimv acquired a majority stake in the Belgium-based digital cutting machines producer in 2016
Eurazeo raises €1bn for secondaries programme
Capital raised includes €700m for Idinvest Secondary Fund IV and €300m raised from individuals