€200M - €500M
Apax-backed Palex Medical forms European medtech platform with new add-on
Apax first invested in Palex in July 2023
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
Equistone sells German sports-turf specialist to US-based GP
During Equistone's holding period, the business more than doubled its revenues
Accel-KKR invests in Aico
With the deal, the firm will support Aico's expansion in the DACH region
One Equity Partners acquires CBM
The GP seeks to support the internationalisation of the business
EOS IM sells EF Group
The London-based GP first invested in the Italian business in 2018
Foresight sells Specac
The business’s revenues grew five-fold during the holding period
Pollen Street takes Mattioli Woods private
The wealth manager said Pollen Street brings “significant” resources to accelerate the delivery of Mattioli Woods' M&A and organic growth plans
Kester Capital exits Jollyes for healthy return
The business more than doubled its revenues during Kester’s holding period, the GP said
Motion Equity Partners acquires Axience Group
The French company develops pharmaceuticals for pets
Inflexion carves out Marlowe’s GRC division
The deal represents Inflexion fifth carve-out in three years
Adelis Equity Partners sells Presto and HVD
The GP has reinvested in the business via its Adelis Fund III
Pride Capital Partners-backed GBC Group bolts on Bolde
The GP first invested in GBC Group in February 2022
Verdane completes quadruple acquisitions swoop from VNV Global
The investor seeks to support the digitalisation of the economy, it said in a statement
Miura Partners sells Terrats Medical to Avista Capital
Terrats sells to 50-plus countries
Buckthorn Partners sells Coretrax to Expro
The acquisition will see NYSE-listed Expro bolster its portfolio of technology-enabled services and solutions
Keensight-backed Valiantys bolts on Glintech
The business eyes global expansion following this transaction
Thoma Bravo completes €400m take-private of EQS Group
The software investment firm made a €40 per share offer to acquire EQS
Keensight Capital exits Vision-Box in trade sale
The GP first invested in the business in 2015
Exponent nears Chanelle Pharm acquisition
The UK GP is currently investing from its fourth fund
Equistone sells CH&CO to Compass Group
The trade sale values CH&CO at an initial enterprise value of £475m
Main Capital-backed JobRouter bolts on Sycat Group
The combined firm could achieve revenues of about €20m this year
Eurazeo plugs additional investment into Electra
Eurazeo Infrastructure Fund has already completed six investments supporting the energy transition
Battery Ventures expands in the Netherlands
The GP’s investment is in the ‘the triple-digit millions’
Permira sells Italian restaurants chain
The business was sold to CVC Capital Partners
WestBridge invests in Survey Solutions
The MBO marks WestBridge III’s second deal within five months
PAI Partners exits diagnostics manufacturer
ELITech was sold to Bunker Corporations
Egeria exits sustainable packaging solutions firm
Wentus has been sold in a trade deal to Trioworld Group
Mutares sells Frigoscandia to Dachser
With the transaction, Mutares completes its eighth exit in 2023
Inflexion carves out GlobalData’s healthcare business
The GP has invested £434m in return for a minority stake
Unigrains acquires stake in Sinfo One
Founders the Pomi family will remain major shareholders
Quilvest takes the helm on Summa Equity continuation vehicle
Summa Equity acquired NG Group in 2018 via its Summa Fund I
Apheon in talks to acquire Fiabila
The company has production sites in France, the US, Brazil, India, Japan and Poland
TowerBrook and Eurazeo invest in EFESO
The deal sees the portfolio company valued at approximately €450m
One Equity Partners carves out metering solutions business
TechipFMS Measurement Solutions employs 450 people and has facilities in Germany and the US
Azzurra Capital acquires stake in Desa Group
The GP plans to support the current management’s expansion plans
NorthEdge invests in Torbay Pharmaceuticals
This is the GP’s seventh healthcare investment
HIG Capital to take DX Group private
The offer price represents a 33% premium to the closing price on 8 September
Hg-backed IRIS Software Group acquires HR software firm
The acquisition of Bishop Fleming’s Payroll Service Bureau will support the GP’s platform company to expand its clientele
Bregal acquires German e-commerce platform
The GP will support Billbee via organic growth and M&A
VR Equitypartner invests in Midoco Group
The GP plans to boost the firm’s tourism software sector product
Inflexion acquires Allen & Overy’s Aosphere
The GP will expand Aosphere’s product offering through an international expansion
Epiris carves out GSF Car Parts
The GP will support the company to enhance its offering and accelerate its development plans
Apax to acquire Kin + Carta for £203m
The deal represents a premium of 41% on the company’s closing price on 17 October
Inflexion completes take-private of DWF
The law firm revealed it was in talks with the private equity firm in July this year
Egeria invests in SAP consultancy provider
Egeria has €3.5bn in assets under management
B & Capital acquires majority stake in Hubency
It is the third investment from the PE firm’s RB Capital France 2 fund
EQT sells LimaCorporate to Enovis Corporation
The GP acquired LimaCorporate from Ardian in 2016, via its EQT VII fund
Deal in Focus: ECI snaps up business messaging company for €300m
The deal allows Hg to exit after a seven-year holding period
Platinum Equity-backed Urbaser divests Nordic business
Cube Infrastructure Managers has bought the operation for €390m
Archimed acquires Instem
The healthcare-focused GP’s £203m recommended cash offer agreed by Instem board
DBAG purchases Technische Bau Dienstleistungen
The acquisition from the company’s founders secures its succession
Blackstone snaps up minority stake in Groupe Premium
Blackstone’s €400m purchase sees the GP investing alongside existing backers Eurazeo
Deal in Focus: Summa Equity sells Kiona to CAREL in €210m EV deal
The GP moved to sell the company after receiving inbound interest, partner Gisle Glück Evensen tells Real Deals
Deal in Focus: Cap10 completes £214m Sureserve take-private
The public-to-private transaction marks the first deal for the newly launched Cap10 Partners
Inflexion in talks to buy DWF Group for £342m
The announcement comes amid a resurgence of take-private deals
Palatine nets 6x return on Anthesis sale to Carlyle
Palatine has rolled over some proceeds as the firm thinks the company now needs to be in the hands of a bigger PE firm that can expand it on an even bigger scale.
KKR makes follow-on investment in Söderberg & Partners
KKR has been a minority investor since 2019, alongside TA associates which initially invested in the business in 2014, and reinvested in 2021.
Deal in Focus: Summa Equity sells Infobric to Stirling Square
Summa's Gisle Glück Evensen and Stirling Square's Ben Hopper sat down with Real Deals to discuss the secondary buyout transaction.
EQT sells BBS Automation for €440m+
During EQT's five-year holding period, the company has “more than doubled” its revenues.
Summit Partners to exit Elatec to SGT Capital in €400m deal
Following SGT Capital's investment, Elatec will focus on technical innovation and international expansion, which are “key” to the company sustaining its performance.
Aurelius sells Distrelec Group for €365m
RS Group plc, which is listed on the London Stock Exchange, said the acquisition will 'significantly' expand its presence in key European markets.
IK Partners to acquire Medica plc for £269m
The teleradiology provider is the latest in a raft of UK listed companies currently being courted by PE firms.
Charterhouse Capital Partners to back France Valley
Investing through its Fund XI, Charterhouse’s investment will support the business through geographic expansion and strengthening the brand image, as well as the launch of new diversified products.
Deal in Focus: How ECI scored £300m on Tusker sale
"More than just the price – the acquirer must possess the right thoughts about the future of the business," noted ECI partner Paul McCreadie.
Inflexion sells Mobica to Cognizant for £250m
Cognizant noted that the business is “well aligned” with its Global 2000 client base and key industries, while its large presence in Poland “significantly” enhances its growing development teams in CEE.
Sun European Partners acquires K3 Capital in take-private
Tikehau Capital has provided a £95m unitranche facility and a £20m committed acquisition and capex facility, marking the sixth investment through its fifth vintage direct lending strategy.
Exponent to carve out IFF’s Flavour Specialty Ingredients division for $220m
The carve-out from IFF includes its four manufacturing and distribution facilities in the UK, US and China, plus distribution centres in Mexico, Brazil and Hong Kong.
SFI invests €400m in Tikehau Capital Advisors
Following the transaction, Société Familiale d'Investissements will indirectly hold 9.3% of Tikehau Capital, and will thus become a leading shareholder in the company.
McWin to acquire majority stake in L’Osteria
L’Osteria founders Klaus Rader and Friedemann Findeis will remain as "significant" minority shareholders in the company. The management team will also invest alongside McWin.
Inflexion to acquire minority stake in YER
Investing through its dedicated minority investment fund, Partnership Capital II, Inflexion will work closely with the management team to develop its customer relationships and continued international expansion.
Eurazeo invests £355m in BMS Group
Eurazeo will become a majority shareholder alongside existing investor British Columbia Investment Management Corporation. Eurazeo’s investment values the business at £1.75bn.
Wise Equity exits Tapì to Stirling Square Capital Partners
Wise Equity first backed the Italian manufacturer of closure caps in 2017, marking its third investment from Wisequity IV.
Nordic Capital acquires Autocirc
Nordic Capital has agreed to acquire Autocirc, a Swedish provider of reused and recycled automotive original spare parts, from Alder.
DBAG exits Cloudflight to Partners Group for €400m
Deutsche Beteiligungs AG formed Cloudflight via a merger in 2019, supporting it through digital product development.
One Equity Partners buys Muehlhan operating businesses
Muehlhan AG has signed a definitive agreement to sell its operating companies in Europe and the US to One Equity Partners.
Investindustrial to take majority stake in Eataly
Investindustrial's €200m investment and concurrent purchase of shares will net the investor a 52 per cent stake.
ECI generates 6.1x return in sale of MiQ to Bridgepoint
Bridgepoint will support MiQ’s existing management team to deliver a new phase of programmatic media solutions.
Duke Street exits Medi-Globe Technologies for €245m
Duke Street first backed Medi-Globe in 2016 and supported the business in launching new products and extending its international reach.
CapMan exits Fortaco to One Equity Partners
CapMan Buyout exits industrial business Fortaco to One Equity Partners after a ten year hold.
BDC and bd-capital combine assets to form Sportscape Group
The two mid-market GPs have agreed to merge Private Sport Shop and SportPursuit to create a new European sports and outdoor hub.
Future 40 Mid-Market Investment Leaders 2022
This year’s Future 40 Mid-Market Investment Leaders list, in association with Finatal, highlights dealmakers who were able to navigate and deliver outstanding value, strong exits and record returns in 2021.
Centricus confirms bid for Chelsea FC
London-based global investment firm Centricus has confirmed its official bid for the acquisition of Fordstam Limited (CFC Group), the parent company of Chelsea FC.
CEE Q&A: Kerim Turkmen, MidEuropa
As part of Real Deals' CEE issue, Kerim Turkmen, partner and head of the services sector at MidEuropa, discusses how the firm uses digitalisation as a value creation tool.
IK buys Renta from Intera Partners
Intera backed the combination of three construction equipment rental businesses in 2015, to create Renta. With IK's support, the company will work to consolidate its position in the Baltic region.
Eurazeo to acquire Scaled Agile
Eurazeo will take a majority stake in the provider of professional training content and certifications, investing $300m alongside existing investors.
Quilam Capital raises £300m
Quilam Capital has extended its partnership with the US investment house, Wafra Capital Partners. The partnership grows Quilam’s capital base to c.£600m, which will be deployed across Europe’s speciality finance market.
Aurelius seals largest carve-out to date
Aurelius has acquired McKesson UK in a corporate carve-out from US healthcare company McKesson Corporation. The transaction values the business at an enterprise value of £477m.
GP Workshop: How to successfully engage in a cross-border transaction
Simon Finn, managing partner at Intriva Capital, discusses how to diligence and enter cross-border transactions, while IK Partners CEO Christopher Masek, discusses post-deal navigation.
Risk Capital sells Bread Holdings to Bain for £200m
Risk Capital has sold Bread Holdings, which owns GAIL’s Bakery and The Bread Factory, to Bain Capital Credit and EBITDA Investments for over £200m. The sale delivered a double-digit cash multiple to Risk Capital.
Abris Capital: Future thinkers
Real Deals speaks with the new management team at Abris Capital about the firm’s recent succession, it’s forward looking value creation plans and why the firm is ahead of its industry peers on ESG.
Bridgepoint Development Capital backs LanguageWire
BDC will support the business’ development plans to further drive growth internationally via an organic and acquisitive strategy.
Lack of DD providers slows deal processes
The volume of deals in the market and the shortage of diligence providers to process them is lengthening the time it takes for some deals to complete.
17 Capital arranges portfolio finance facility for Investcorp
The size of the facility is in excess of $200m, according to a source close to the matter.
EQT backs Anticimex
EQT's investment in the global pest control specialist marks the first deal in the firm's new purpose-driven strategy of longer-term, impact driven investments.
Siris Capital agrees £673m takeover of Equiniti
The Equiniti Group board has accepted the 180 pence per share offer for the UK-based international payments specialist.
H.I.G. to buy Travis Perkins’ plumbing division for £325m
H.I.G. Capital has agreed to carve-out Travis Perkins Plc’s Plumbing & Heating business (P&H), in a deal valued at £325m. The firm will support P&H in its transition to an independent company.
Eurazeo invests in MessageBird
Eurazeo Growth co-lead the investment alongside Tiger Glocal, BlackRock, Owl Rock and all existing investors, including Atomico and Accel.
Artá Capital exits Alvinesa for 4.4x return
Artá Capital has sold its minority stake in natural ingredients company Alvinesa, in a deal generating a 4.4x return and 48 per cent IRR.
Eurazeo to invest €410m in Aroma-Zone
Eurazeo plans to support the French beauty brand with its growth strategy, providing access to its international network and expertise in the consumer and digital sectors. Reports suggest that the deal values the business at €700m.