Cognetas, (formerly known as Electra Partners Europe), has announced the sale of BWG to the company’s management for EUR 390m. Cognetas acquired the BWG operations from Pernod Ricard in 2002 for EUR 220m along with a majority stake in Newhill, owner of a large number of Spar stores.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018