In recent times, quoted companies have presented a real headache to acquire and have accounted for a tiny proportion of dealflow - there were seven take-privates in 2006 and there have been 12 in 2007. If the public markets' focus on share price continues to undervalue retailers, we could see a number of deals in this area. Activity in the retail sector of late has been concentrated in high-end, differentiated brands: 3i's acquisition of Agent Provocateur; Phoenix Private Equity's investment in Abel & Cole and Exponent Private Equity's buyout of Radley handbags. Private equity's appetite for retail businesses will remain discerning, but with the weight of cash stacked behind it, it can't afford to dismiss potential stock market bargains.
Also participating in the round were angel investors including the founders of Just Spices
Stake owned by EQT is transferred from EQT VII to its successor funds EQT VIII and EQT IX
Miya is a portfolio company of Bridgepoint Europe VI, a €5.7bn fund that invests in companies with EV of €200m-1bn
Mid-cap buyout-focused fund-of-funds closed on €162m and has made 14 of its 20 planned investments