Somewhat paradoxically, trips to the dentist are proving to be rather pleasant for the private equity industry.
Founder Klaus Grohmann, the majority shareholder, was well into his seventies but did not want to relinquish control over his life’s work to just anyone. Meanwhile Deutsche Beteiligungs (DBAG), which had held a minority stake in the company for 30 years, was content to receive Grohmann’s dividends and let the founder run the show.
Nordic Capital has become the latest firm to take a chance in the debt collection sector, merging portfolio company Lindorff with listed business Intrum Justitia and taking a 45.5 per cent stake in the combined entity.
Nordic Capital’s £4.4bn float of medical technology business Convatec shows that IPOs are not off the table for the right candidates.
Investcorp will take on the Spanish seeds business.
The Spanish buyout house is trying its hand as an LP.
PHD Equity Partners and Enterprise Ventures sold the Sheffield business to RJD Partners last month.
East Capital Explorer's sale of Starman to Providence signals the beginning of a new era.
The Benelux firm has backed energy efficiency companies Itho Daalderop and Klimaatgarant.
After a challenging start to life in Poland, US-headquartered Highlander Partners has gained momentum with its first two exits and another new investment.