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3i exits eyecare provider Nexeye to KKR

The buyer is acquiring the business primarily through its $8bn European Fund VI

3i Clifford Chance Harris Williams Ing Jefferies Kirkland & Ellis Kkr Ubs

IK Partners raises maiden continuation fund

The vehicle will allow the firm to extend its hold of Yellow Hive

Ik Partners

BC Partners partially exits pharma CDMO Aenova Group in trade sale

BC Partners acquired the company from Bridgepoint in 2012

Allen & Overy Bc Partners Jefferies Kirkland & Ellis

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

Neqst Software Sweden

Triton exits specialty installation company EQOS in trade sale

The sale to Eiffage Énergie Systèmes comes after a 10-year holding period

Luxembourg Triton Partners

Palatine exits UK specialist vehicle provider to Astatine Investment Partners

Palatine originally acquired a majority stake in NRG Group in October 2020

Astatine Investment Partners Deloitte Gateley Palatine Pwc

CapMan exits Havator to construction joint venture

The seller first invested in the portfolio company in 2010

Capman Finland

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

Main Capital Partners

Ardian partially exits Audiotonix to PAI

The sound engineering company was acquired by Ardian in March 2020

Allen & Overy Alvarez & Marsal Ardian Goldman Sachs Liberty Corporate Finance Macfarlanes Mckinsey Pai Partners Weil Gotshal & Manges

Eurazeo acquires Eres Group

IK Partners has exited the French company after five years

Eurazeo France Ik Partners Mcdermott

Genesis Capital’s HP TRONIC Group buys back shares from GP

The Central European investor first backed HP TRONIC in 2017

Czechia Genesis Capital Slovakia

Mutares acquires Greenview Group from Cordovan Capital and CEO

The platform investment is Mutares' fourth acquisition in 2024

Cordovan Capital Management Mutares Northern Ireland Uk

DB AG reaps more than 3x on In-tech sale to Infosys

The German GP invested in the company in 2022

Dbag Germany

Greenpeak Partners closes inaugural continuation fund on €350m

The vehicle was led by HarbourVest Partners

Fmdh Rechtsanwälte Harbourvest Partners Isp Healthcare Kirkland & Ellis Mcdermott Pjt Park Hill Roedl & Partner Stephenson Harwood

Ardian-backed Planisware launches IPO

The software company postponed its intention to float in October last year

Ardian Bnp Paribas Hogan Lovells Rothschild & Co White & Case

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

8 Advisory Clearwater International Delmas Investissements & Participations Deloitte Duroc Partners Equistone Partners Europe Ey Goodwin Procter Hogan Lovells Natixis Partners Roland Berger

Cairngorm Capital sells industrial specialist distributor

During the GP's holding period the business completed one acquisition

Arrowpoint Advisory Bdo Browne Jacobson Cairngorm Capital Partners Continuum Deloitte Fairgrove Partners H2glenfern Johnston Carmichael Lockton Nvm Private Equity Rothschild & Co

Apax acquires Zellis Group from Bain Capital

The payroll provider counts Harrods, Iceland and Jaguar among its clients

Apax Partners Arma Partners Bain Capital Evercore Kirkland & Ellis Morgan Stanley Ropes & Gray Weil Gotshal & Manges

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

Apheon Gop Lazard Pwc

Bowmark Capital sells UK-based digital specialist

Bowmark acquired a stake in Focus Group in 2020

Arma Partners Bowmark Capital Hg Capital Houlihan Lokey Linklaters Osborne Clarke

Genesis Capital’s first growth equity fund marks inaugural exit

The GP first invested in Homecare Holding in 2020

Czechia Genesis Capital

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

Norway Triton Partners William Blair

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

Apiary Capital Browne Jacobson Clearwater International Eci Partners Rothschild & Co Squire Patton Boggs

EQT sells data manager Rimes to Five Arrows

EQT initially invested in the data management business in 2020

Eqt Evercore Five Arrows Jefferies Latham & Watkins Rothschild & Co Shoosmiths

Equistone sells German sports-turf specialist to US-based GP

During Equistone's holding period, the business more than doubled its revenues

Bcg Crescendo Deloitte Equistone Partners Europe Ey Germany Goodwin Houlihan Lokey Kps Capital Partners Latham & Watkins Pwc William Blair

Ardian sells logistics company Staci for €1.3bn EV

During Ardian's holding period Staci completed two acquisitions

Ardian Belgium

Siparex Intermezzo structures Ecritel MBO

The operation sees Ecritel’s directors, Audrey and Thierry Louail, take back 100% of the group's capital

France Isatis Capital Lbo France Management Buyout Mbo

Miura Partners extends holding of dental business Proclinic Group

The Spanish GP has raised a single-asset continuation vehicle

Miura Partners

Gyrus Capital exits Intellera Consulting

Following a three-year holding period, the Swiss sponsor has sold the business to Accenture 

Allen & Overy Oc&c

Mentha sells Paradigma Group to Castik Capital

The portfolio company’s founder and management team will remain shareholders in the business

Netherlands

Sagard in negotiations to invest in Primelis

The deal is the tenth investment from the Sagard 4 fund.

8advisory Alvarez & Marsal Amala Partners Cambon D’ornano Et Associés Ecap Partner France Kearney Kpmg Lamartine And Dumon Partners Mayer Brown Sagard

CVC acquires frozen bakery producer

Ardian, Alantra and Artá Capital have exited their stake in Monbake

Alantra Allen & Overy Ardian Cvc Capital Partners

Continuation funds shine as sponsors crave liquidity – Houlihan Lokey

The trend comes as sponsors deploy creative strategies to optimise portfolios and create liquidity

Continuation Funds Houlihan Lokey

TA becomes lead investor in Carlyle-backed SER

Carlyle first acquired a majority stake in the portfolio company in 2018

Carlyle Group Germany Ta Associates

Vallis Capital Partners exits Castelbel to Bourn Rock Investments Group

The seller first acquired a majority stake in Castelbel in 2016

Bourn Rock Investments Group Vallis Capital Partners

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

Great Hill Partners Omni Partners

Quantum Capital Partners exits aluminium producer in trade sale

The Munich-based firm acquired the company in 2014

Houlihan Lokey Quantum Capital Partners

Endless exits Findel investment to Manutan

The seller originally acquired Findel in 2021 from Studio Retail Group

Anthesis Cil Clearwater International Education Endless France Intechnica Kpmg Uk Walker Morris

Bluegem exits Beautynova to PAI

The seller will maintain a stake in the portco

Alvarez & Marsal Banca Akros Banco Bpm Boston Consulting Group Bper Corporate & Investment Banking Erm Houlihan Lokey Italy Latham & Watkins New Deal Advisors Oc&c Pai Partners Pedersoligattai Pwc Ramboll Raymond James Unicredit White & Case Willkie Farr & Gallagher

MML sells Arηs to Accenture

The seller first backed the business in June 2023

Accenture Luxembourg Mml Capital Partners

MML eyes Gravotech sale

The firm acquired Gravotech alongside BPI France in 2018

France Mml Capital Partners

Gilde Healthcare sells RAD-x stake to infra consortium

The buy-side comprises Swiss Life Asset Managers' and Vesper Infrastructure Partners’ infrastructure platforms

Dentons Ebner Stolz Ey Germany Gilde Healthcare L.e.k. Consulting Lincoln International Lupp+partner Swiss Life Asset Managers Vesper Infrastructure Partners Willkie Farr & Gallagher

EQT sells stake in Ottobock

The transaction is set to value the prosthetics firm at €5.5bn

Bcg Hengeler Mueller J.p. Morgan Kpmg

Kurma Partners sells Amolyt Pharma

The deal marks the third major exit of Kurma Biofund III and the first exit of Kurma Growth Opportunities Fund

Exits Healthcare Life Sciences Pharma Sale

Inspirit Capital-backed Vysus Group carves out ModuSpec

The company has been bought by specialist offshore rig inspection company MR Group

Inspirit Capital Scotland

Asabys Partners exits Cara Care in trade sale

San Francisco-based Mahana Therapeutics, which has bought the business, provides digital chronic condition management programmes

Asabys Partners Jazz Venture Partners, Lux Capital, Gurnet Point Capital, Main Street Advisors, Kkcg Spain Us

EOS IM sells EF Group

The London-based GP first invested in the Italian business in 2018

Alma Tax Led Alto Partners Alvarez & Marsal Eos Investment Management Group Erm Italy Molinari Agostinelli Studio Legale Oc&c Pedersoligattai Rmu Roland Berger Vitale Wi Legal

Quadrivio & Pambianco exit Autry

The sale to Style Capital has generated a 4x return

Italy Quadrivio & Pambianco Style Capital

Foresight sells Specac

The business’s revenues grew five-fold during the holding period

Cil Claritas Tax Cortus Transaction Services Foresight Group Freeths Kpmg Squire Patton Boggs Uk

SEP exits Vital Energi to Corran Capital

The seller said the portfolio company has “grown exponentially” during its time as an investor

Corran Capital Scottish Equity Partners Uk

YFM exits Checkmate to IK

The buyer is investing from its IK Small Cap III Fund

Ik Partners Uk Yfm Equity Partners

Deal in Focus: Bridges Fund Management exits Vegetarian Express

Partner Emma Thorne tells Real Deals the GP first initiated an exit process in early 2020 but it was shelved when the pandemic struck

Bridges Fund Management Food Impact Investing Nvm Private Equity Uk

Kester Capital exits Jollyes for healthy return

The business more than doubled its revenues during Kester’s holding period, the GP said

Barclays Blick Rothenberg Cms Houlihan Lokey Hsbc Jamieson Corporate Finance Kester Capital Osborne Clarke Pwc Tdr Capital Uk

Deal in Focus: Nordic Alpha Partners sells Spirii to Edenred

Senior partner Laurits Bach Sørensen tells Real Deals the GP’s “highly” capital-efficient strategy was key to the portco’s growth

Denmark Nordic Alpha Partners

Accession Capital Partners backs SMYK MBO

The business was acquired from Bridgepoint

Accession Capital Partners Bridgepoint Deloitte Mjh Legal Poland Romania Ukraine

Gimv exits Groupe Acceo

The Belgian GP supported the firm with four bolt-ons

Belgium France Gimv Sagard

B & Capital exits Steliau to Astorg

The deal marks the buyer’s fifth investment from its Astorg VIII fund

Astorg Axa Climate B & Capital Bain & Co Ey France Freshfields Italy Pwc Spain Willis Towers Watson

Adelis Equity Partners sells Presto and HVD

The GP has reinvested in the business via its Adelis Fund III

Adelis Equity Partners Continuation Funds Harbourvest Partners Software Uk

Connection Capital backs Winder Power MBO

The GP backed the management with a mix of debt and equity

Clarion Connection Capital Corpfin Mercia Asset Management Rsm

BaltCap sells Karell Kiirabi

The original transaction in 2019 marked BaltCap’s maiden investment in Estonia

Baltcap Baltic Innovation Fund Estonia European Investment Fund

August Equity exits Agilio Software

The firm was sold to Five Arrows and TA Associates

Aon Arma Partners August Equity Cms Crosslake Deloitte Five Arrows Netherlands Oc&c Ta Associates

Miura Partners sells Terrats Medical to Avista Capital

Terrats sells to 50-plus countries

Avista Capital Partners Clifford Chance Miura Partners Moelis & Co Ropes & Gray Spain Uria Menendez

BGF exits Fig Power

Fig Power was founded as a standalone company in 2022, following a spinout from Hydrock

Bgf Uk

Growth Capital Partners exits Cubelogic

Bowmark Capital has acquired shares in the SaaS business

Bowmark Capital Growth Capital Partners Saas

IK to acquire Eurofeu from CAPZA

CAPZA and Eurofeu’s management team will both be reinvesting in the portco

Capza France Ik Partners

Auctus exits Profiltubi Group

The GP first invested a majority stake in the business in 2020

Advant Auctus Capital Partners Italy

Afinum sells Iconia to Deutsche Invest Capital Partners

Deutsche Invest Capital Partners is investing through its Capital Solutions strategy

Afinum Switzerland

Deal in Focus: Enterprise Investors raises a glass to JNT Group sale

EI’s value creation thesis allowed to reposition the company and shift its perception, which resulted in scaling JNT’s market share from single digits to almost 20% in volume terms, partner Sebastian Król tells Real Deals

Enterprise Investors

Carlyle exits Jagex to CVC and Haveli

The seller first invested in Jagex through its Carlyle Partners VII and Carlyle Europe Technology Partners IV funds

Aream Carlyle Group Cvc Capital Partners Goldman Sachs Haveli Morgan Stanley Uk

Gresham House Ventures sells Master Removers stake

Gresham initially invested £7.2m in the business in December 2014

Gresham House Logistics Trade Sale Uk Vct

CBPE provides Perspective to Charlesbank

It is the seller’s sixth exit from Fund IX

Cbpe Capital Charlesbank Capital Partners Crosslake Deloitte Houlihan Lokey Lek Mayer Brown Thistle Initiatives Uk

Accent Equity sells Norco Interior to its own portco

The GP’s Götessons Design Group has bolted on the business

Accent Equity Norway Poland Sweden

Keensight Capital exits Vision-Box in trade sale

The GP first invested in the business in 2015

Houlihan Lokey Keensight Capital

Deal in Focus: PSG Equity acquires Visit Group majority stake for €100m

The buyer’s managing director Edward Hughes tells Real Deals it is the eighth investment from the firm’s PSG Europe II fund

Norway Saas Sweden Travel

LDC exits Kerv to Bridgepoint

Bridgepoint is acquiring a majority stake in the business through its £1.6bn Bridgepoint Development Capital IV fund

Altman Solon Analysys Mason Anthesis Apera Bridgepoint Deloitte Digital Transformation Ey Houlihan Lokey Intechnica Jamieson Corporate Finance Ldc Lincoln International Marsh Mckinsey Pinsent Masons Ropes & Gray Uk

Gryphon Investors exits RoC Skincare to Bridgepoint

The deal is the sixth acquisition by Bridgepoint Europe VII

Bcg Bridgepoint Erm Ey France Gryphon Investors Jefferies Kirkland & Ellis Latham & Watkins Marsh Pwc Raymond James

Equistone sells CH&CO to Compass Group

The trade sale values CH&CO at an initial enterprise value of £475m

Equistone Partners Europe

Hg sells Argus Media

The exit sees General Atlantic and Argus acquiring the minority stake

General Atlantic Hg Capital

Kennet Partners sells Eloomi

The deal will generate a return of more than three times the GP’s investment

Denmark London Majority Stake Sale

Avallon exits Wosana to Japanese holding company

The Polish PE firm wholly acquired Wosana in 2017

Poland Trade Sale

Oakley Capital invests in Steer Automotive

The GP is acquiring the shares held by Keyhaven Capital Partners and Chiltern Capital, which invested in the business in 2021

Oakley Capital

Riverside sells E&A Scheer to Platinum Equity

The GP supported the firm’s international expansion and appointed new management

Dc Advisory Deloitte Netherlands Pwc Uk

Permira sells Italian restaurants chain

The business was sold to CVC Capital Partners

Food Italy Retail Sale

ScaleUp sells edtech business

The acquisition has been completed by a local family office in collaboration with the management team

Edtech Education Saas Sale Software Technology

Deal In Focus: Averroes completes sophomore investment

Investment director Jack Scott tells Real Deals that the deal-by-deal investor has been tracking Glacier Energy for a “number of years”

Deloitte Grant Thornton Maven Capital Partners Scotland Squire Patton Boggs Uk

Solter Capital and Posella sell European insurance broker

The GPs supported MJM Holdings growth via M&A

Poland Sale Smes Technology

Yotta Capital and Sofiouest exit semiconductor materials firm

Recif Technologies has been part of Yotta’s and Sofiouest’s portfolios since 2021

H2 Equity Partners sells medical device firm

The GP first invested in the business in 2015

Healthcare Medical Sale Uk

Deal in Focus: BGF swiftly exits Scottish IT firm to LDC

According to BGF’s Richard Pugh, rapid progress in the business meant all parties were able to realise their objectives ahead of schedule

Bgf Ldc

Mutares sells Valti to management

The GP exited after only holding the firm since June 2022

France Mutares

IK and MxEP exit Mabtech stakes to EQT

The deal marks the buyer’s first investment from its EQT Healthcare Growth strategy

Ik Partners Sweden

Deal in Focus: Eurazeo exits €1bn ophthalmology platform

Francesco Orsi of Eurazeo sits down with Real Deals to discuss the GP’s value creation strategy, which included a new product launch and expansion into China

Eurazeo

Gilde Healthcare exits biotech firm

The GP has sold Calypso Biotech to Novartis

Healthtech Sale The Netherlands

Synova kicks off 2024 with bumper exit

The sale comes after an eight-year holding period

Synova

Bluegem exits luxury home fragrance business

The consumer investor acquired a majority stake in the business in 2017

Deloitte Dla Piper Italy

Bridges Evergreen exits AgilityEco

The exit secured the GP a more than 3x money multiple

Bridges Fund Management

Deal in Focus: GED Capital sells Procubitos Europe to Magnum

The blend of organic and inorganic growth saw the firm quadruple its revenues, Enrique Centelles Satrústegui, GED Capital tells Real Deals

Ged Capital

Hg sells MeinAuto Group divisions

The sale of the Mobility Concept and MeinAuto divisions amounts to €1bn in fleet assets, the GP said in a statement

Acquisition Finance Retail Tmt

PAI Partners exits diagnostics manufacturer  

ELITech was sold to Bunker Corporations

Healthcare Manufacturing Sale

Egeria exits sustainable packaging solutions firm

Wentus has been sold in a trade deal to Trioworld Group

Esg Germany Manufacturing Sale Trade Sale