Kaupthing Capital Partners has acquired consumer lifestyle database business Data Locator Group (DLG) for £75m. The deal represents an exit for Promethean Investments, which backed the £23.5m management buyout of DLG in March 2006. DLG has since grown through acquisition with the £5m bolt-on of Wegener DM Group and 43 Plc. Promethean achieved an IRR of 102% and a cash multiple return of 2.9x on its investment in DLG.
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Minority shareholder IMS Capital has also filed for insolvency; Getnow is now seeking new investors
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment