Deals
Thoma Bravo scoops up cybersecurity company Darktrace
The take-private values the company at £4.3bn
3i exits eyecare provider Nexeye to KKR
The buyer is acquiring the business primarily through its $8bn European Fund VI
Synova backs Synectics Solutions
The GP typically invests £15-150m into companies valued between £20m and £250m
IK Partners raises maiden continuation fund
The vehicle will allow the firm to extend its hold of Yellow Hive
BC Partners partially exits pharma CDMO Aenova Group in trade sale
BC Partners acquired the company from Bridgepoint in 2012
BGF backs UK-based human risk management platform with £3.25m
Yorkshire and Northeast investor Rob Johnson, who led on the deal, will join the portco's board
Nexxus Iberia marks debut investment from second fund
The Spanish GP has acquired a majority stake in retail equipment manufacturer Creaciones Marsanz
Mutares acquires majority stake in Sofinter
The investor expects synergies between Sofinter and its other engineering and technology portfolio companies
Neqst exits Swedish data management provider to GRO
Neqst first backed DigitalRoute in 2008, and most recently had a 94% ownership stake in the portco
Triton exits specialty installation company EQOS in trade sale
The sale to Eiffage Énergie Systèmes comes after a 10-year holding period
Trill Impact backs Austria-based TT medic
The portfolio company was established through the combination of three DACH family-owned businesses
Palatine exits UK specialist vehicle provider to Astatine Investment Partners
Palatine originally acquired a majority stake in NRG Group in October 2020
CapMan exits Havator to construction joint venture
The seller first invested in the portfolio company in 2010
Deal in Focus: EMH Partners eyeing up geographic expansion for newest portco
Speaking to Real Deals off the back of the firm's recent investment in Stonebranch, partner Jens Zuber says engagement with the company intensified towards the beginning of 2023
Main exits healthtech firm Evolution in trade sale
The exit is the largest in the firm's 20-year history in terms of enterprise value
Ardian partially exits Audiotonix to PAI
The sound engineering company was acquired by Ardian in March 2020
IK Partners invests in A-Safe
The Yorkshire-based company produces polymer-based products for factories and warehouses
KKR invests in Impilo-backed Immedica Pharma
Existing owner Impilo will reinvest to become an equal owner alongside KKR
Eurazeo acquires Eres Group
IK Partners has exited the French company after five years
Genesis Capital’s HP TRONIC Group buys back shares from GP
The Central European investor first backed HP TRONIC in 2017
Mutares acquires Greenview Group from Cordovan Capital and CEO
The platform investment is Mutares' fourth acquisition in 2024
CVC invests in HR company platform World of Talents
The deal follows an exit by Belgian investment firm Baltisse
DB AG reaps more than 3x on In-tech sale to Infosys
The German GP invested in the company in 2022
Greenpeak Partners closes inaugural continuation fund on €350m
The vehicle was led by HarbourVest Partners
Deal in Focus: Progressio’s Archiva deal reflects focus on IT, but some sub-sectors ‘too fragmented’
Beatrice Capretti, partner at Milan-based Progressio, speaks to Real Deals about the "caution" required when shopping around for tech deals
Battery Ventures-backed Proemion expands industrial asset analytics platform
The German company has acquired TrendMiner for €47m
Ardian-backed Planisware launches IPO
The software company postponed its intention to float in October last year
Apax-backed Palex Medical forms European medtech platform with new add-on
Apax first invested in Palex in July 2023
All Seas Capital invests in Reducate EdTech Group
The deal marks the GP's first investment in the Netherlands
Equistone sells work-platform lifts company Acces Industrie
During Equistone’s four-year hold the company’s headcount grew from 445 to 650 people, while revenue grew from €90m to €140m
FairCap carves out Swedish agricultural manufacturer
Transaction was "complex", involving several offices, according to FairCap
FCDE acquires French textile-fibre designer
Kermel’s management team, led by CEO Philippe Declerck, has also invested in the firm
Cairngorm Capital sells industrial specialist distributor
During the GP's holding period the business completed one acquisition
Genesis Capital acquires Hungarian automotive-distribution IT specialist
The GP aims to capitalise on the ongoing digital transformation in vehicle distribution chains
Apax acquires Zellis Group from Bain Capital
The payroll provider counts Harrods, Iceland and Jaguar among its clients
BGF pumps £6.25m into energy utility consultant Skewb
The funding will support expansion of the company’s suite of products and services
Apheon exits Italian luxury brand Visionnaire
Leopoldo and Eleonore Cavalli will reinvest in the company and continue in their positions of CEO and creative director respectively
Bowmark Capital sells UK-based digital specialist
Bowmark acquired a stake in Focus Group in 2020
Genesis Capital’s first growth equity fund marks inaugural exit
The GP first invested in Homecare Holding in 2020
Deal in Focus: Triton’s Norstat exit preparation started on ‘day one’
"Identify likely buyers early" is the firm's approach, Triton partner Daniel Björklund tells Real Deals
Karmijn Kapitaal invests in tree-conservation company
InvesTree is the latest addition to the firm's Dutch SME portfolio, which includes companies active in biogas, art and culture, clothing and beer
Mentha acquires majority stake in Belgian metal-coatings company SPC Group
The portco's founders, Anthony Demaerel and Yves de Mild, and broader management team will remain shareholders
MML Capital-backed Zanders expands consultancy expertise with Dutch bolt-on
The deal represents Zanders' third bolt-on since MML first invested in 2021
Deal in Focus: Apiary’s 4x return on sale of entertainment touring agent TAG worth the wait
Apiary's Mark Salter and ECI's Rory Nath speak to Real Deals about the exit
NRDC Equity Partners and BB Kapital SA snap up German department store out of insolvency
The German-US investor consortium is expected to take over more than 70 shops in Germany
ICG backs travel insurance specialist Staysure
The UK-based company operates a portfolio of insurance brands and products including Avanti Travel Insurance and Rock
STG Partners takes London fintech private
The Californian sponsor has delisted London-based fintech Gresham Technologies
Mutares powers up Polish high-voltage services business
The carve-out is the third transaction by Mutares in 2024
Bridgepoint in exclusive negotiations for Forward Global minority stake
The GP's mid=cap investment vehicle will join the portco's management and historical investors, RAISE Invest and Rives Croissance
Juuri Partners creates the largest online pet health store in the Nordics
The Finnish GP has backed Alvar Pet and concurrently inked its first bolt-on
EQT sells data manager Rimes to Five Arrows
EQT initially invested in the data management business in 2020
MVI Equity-backed Nordic Drives Group bolsters Danish portfolio with new acquisition
The deal further strengthens the business's capabilities in Northern Europe
Sobro backs Swedish building consultancy
All existing owners will remain as "significant" shareholders
Verdane backs Corlytics
Fresh funds to support organic growth, M&A activity and investments in “intelligent offering”
Equistone sells German sports-turf specialist to US-based GP
During Equistone's holding period, the business more than doubled its revenues
Freshstream’s Bella Figura Music secures consortium funding
The business plans to continue expanding its portfolio, adding to hits written for the likes of Adele, Robbie Williams and the Human League
Ares and Farallon back Cairngorm Capital’s builders’ merchant group
Cairngorm Capital initially acquired the portco in 2018
Aksia-backed Italian food group Ifex buys Savi Alimentare
The deal was completed via Aksia's Fund V
AnaCap acquires majority stake in property management platform
The GP will look to help Yard Reaas accelerate its international expansion strategy in Southern Europe
Ardian sells logistics company Staci for €1.3bn EV
During Ardian's holding period Staci completed two acquisitions
Triton carves out multi-utility service provider V&N Group
The company is indirectly owned by Koninklijke VolkerWessels
Kennet Partners backs Fluid Topics with €15m
Cillian Hilliard, director, and Hillel Zidel, managing director at Kennet, will join the portfolio company's board of directors
Siparex Intermezzo structures Ecritel MBO
The operation sees Ecritel’s directors, Audrey and Thierry Louail, take back 100% of the group's capital
Miura Partners extends holding of dental business Proclinic Group
The Spanish GP has raised a single-asset continuation vehicle
Sofindev acquires coffee-machine distributor Hillewaert
The deal represents the third investment of Sofindev VI
CBPE merges BKL with Wilson Wright
The combined business will have a turnover of £46m
CapMan Growth completes first investment from Equity Fund III
The Finnish GP has picked up a minority stake in waste-equipment company Tana as part of an investor consortium
Deal in Focus: Literacy Capital picks up minority stake in Live Business Group
Literacy CEO Richard Pindar tells Real Deals that the opportunity came through its advisory network
Brera Partners acquires 70% of GBSapri
The deal value is confirmed to be below €100m
Accel-KKR invests in Aico
With the deal, the firm will support Aico's expansion in the DACH region
Gyrus Capital exits Intellera Consulting
Following a three-year holding period, the Swiss sponsor has sold the business to Accenture
Roycian backs McAndrew Martin £7m MBO
A deal-by-deal investor, Roycian has about 35 LPs involved in this transaction
Inflexion-backed CNX Therapeutics acquires two medicines
The portfolio company was originally formed in August 2021 when Inflexion acquired Sunovion Pharmaceuticals Europe
ESquare backs Smart Servant
The portco is a Dutch provider of service and cleaning robotics
Mentha sells Paradigma Group to Castik Capital
The portfolio company’s founder and management team will remain shareholders in the business
Nordwind Growth backs Stackfield
The investor said it was impressed by Stackfield’s commitment to innovation, security and customer satisfaction
Sagard in negotiations to invest in Primelis
The deal is the tenth investment from the Sagard 4 fund.
One Equity Partners acquires CBM
The GP seeks to support the internationalisation of the business
Egeria acquires Meyer Menü
It follows the succession of the current majority shareholder and member of the founding family, Thomas Meyer
Stellum Capital and Inveready acquire minority stake in LEV 2050
It is the seventh investment from the Stellum Food&Tech I fund, while Inveready invested from its Inveready Biotech IV vehicle
CVC acquires frozen bakery producer
Ardian, Alantra and Artá Capital have exited their stake in Monbake
ECI-backed Moneypenny expands to the US
The telecoms business has acquired Sunshine Communications
PX3 acquires Com Laude Group
Vespa Capital has exited after a seven-year holding period
Innova acquires minority stake in Dimark Manufacture
The Polish GP invested via the Innova/7 fund
Literacy Capital picks up minority stake in Live Business Group
It is the investor’s 23rd platform deal since 2017
N4 Partners ups stake in Opulus Financial
The Glasgow-based investment firm has become the majority shareholder
Equistone-backed Andra Tech Group bolts on Lucassen Group
The GP will support the firm’s expansion in the Netherlands
Continuation funds shine as sponsors crave liquidity – Houlihan Lokey
The trend comes as sponsors deploy creative strategies to optimise portfolios and create liquidity
TA becomes lead investor in Carlyle-backed SER
Carlyle first acquired a majority stake in the portfolio company in 2018
Vallis Capital Partners exits Castelbel to Bourn Rock Investments Group
The seller first acquired a majority stake in Castelbel in 2016
Deal in Focus: Omni notches strong return with Vivup sale
The GP had not planned to exit so soon but an unsolicited bid from Great Hill Partners prompted it to consider the deal, partner Elissa von Broembsen-Kluever tells Real Deals
Hg backs CUBE
The portco’s founder and CEO Ben Richmond has also invested
Quantum Capital Partners exits aluminium producer in trade sale
The Munich-based firm acquired the company in 2014
INVL-backed Eco Baltia eyes Eko Osta acquisition
INVL’s Baltic Sea Growth Fund acquired a 52.8% stake in Eco Baltia in June 2020
Palatine-backed BK Plus expands into the Southwest
The accountancy firm was acquired by Palatine’s Buyout Fund IV in September 2023
Montagu carves out Johnson Matthey’s MDC
Johnson Matthey is a multinational speciality chemicals company listed on the FTSE250
Genesis Capital acquires minority stake in Kasper Kovo
The firm invested through Genesis Private Equity Fund IV
Exponent backs Ethos Engineering
It is the PE firm’s seventh platform investment in Ireland
Endless exits Findel investment to Manutan
The seller originally acquired Findel in 2021 from Studio Retail Group
Alcuin backs Mainprize Offshore
This deal is the sixth investment from Alcuin’s fifth fund