The firm made an 18.5x return on its investment in IT services business Getronics Group thanks to a textbook carve-out play.
Foresight Group seems to have backed a winner in Mowgli, but the fortunes of the wider casual dining market appear less certain.
The firm’s gamble on the unfashionable defined benefit pension space paid off with a 4.3x return on its IPO of consultancy Xafinity.
The firm navigated a challenging recession period and sold the tyre business to Japanese trade buyer Sumitomo for £215m this month.
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.