UK/IRELAND - Madison Dearborn, CVC and Cinven in partial exit from Smurfit Kappa through IPO
Madison Dearborn Partners, CVC and Cinven are to reduce their combined stake in cardboard box manufacturer Smurfit Kappa following a joint listing on the London and Dublin Stock Exchanges. The pricing of the shares in the grey market ahead of the official listing gives the company a market capitalisation of EUR 3.4bn. Following the IPO, the private equity backers will own a 40% stake with a lock-in period of 180 days.
Bewater Funds nears EUR 7m close for second fund, aims to back 20 companies in next four years
Bewater II FCRE takes minority stakes (5%-25%) with tickets of EUR 500,000-EUR 2m, and it has already made three investments.
Unquote Private Equity Podcast: In conversation with... Fabio Ranghino, Ambienta
In an interview with Unquote, Ranghino discusses topics including ESG and the next phase of Ambienta’s growth
Qualium closes third flagship fund on more than EUR 500m
French mid-cap GP began marketing the fund in summer 2021; it has deployed EUR 220m to date
SGT Capital to acquire Summit-backed Elatec for EUR 400m
Mid-market sponsor looks to grow company via “continued technical innovation” and international expansion