Exits
3i exits eyecare provider Nexeye to KKR
The buyer is acquiring the business primarily through its $8bn European Fund VI
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
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
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
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
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
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
Ardian-backed Planisware launches IPO
The software company postponed its intention to float in October last year
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
Cairngorm Capital sells industrial specialist distributor
During the GP's holding period the business completed one acquisition
Apax acquires Zellis Group from Bain Capital
The payroll provider counts Harrods, Iceland and Jaguar among its clients
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
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
EQT sells data manager Rimes to Five Arrows
EQT initially invested in the data management business in 2020
Equistone sells German sports-turf specialist to US-based GP
During Equistone's holding period, the business more than doubled its revenues
Ardian sells logistics company Staci for €1.3bn EV
During Ardian's holding period Staci completed two acquisitions
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
Gyrus Capital exits Intellera Consulting
Following a three-year holding period, the Swiss sponsor has sold the business to Accenture
Mentha sells Paradigma Group to Castik Capital
The portfolio company’s founder and management team will remain shareholders in the business
Sagard in negotiations to invest in Primelis
The deal is the tenth investment from the Sagard 4 fund.
CVC acquires frozen bakery producer
Ardian, Alantra and Artá Capital have exited their stake in Monbake
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
Quantum Capital Partners exits aluminium producer in trade sale
The Munich-based firm acquired the company in 2014
Endless exits Findel investment to Manutan
The seller originally acquired Findel in 2021 from Studio Retail Group
Bluegem exits Beautynova to PAI
The seller will maintain a stake in the portco
MML sells Arηs to Accenture
The seller first backed the business in June 2023
MML eyes Gravotech sale
The firm acquired Gravotech alongside BPI France in 2018
Gilde Healthcare sells RAD-x stake to infra consortium
The buy-side comprises Swiss Life Asset Managers' and Vesper Infrastructure Partners’ infrastructure platforms
EQT sells stake in Ottobock
The transaction is set to value the prosthetics firm at €5.5bn
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
Inspirit Capital-backed Vysus Group carves out ModuSpec
The company has been bought by specialist offshore rig inspection company MR Group
Asabys Partners exits Cara Care in trade sale
San Francisco-based Mahana Therapeutics, which has bought the business, provides digital chronic condition management programmes
EOS IM sells EF Group
The London-based GP first invested in the Italian business in 2018
Quadrivio & Pambianco exit Autry
The sale to Style Capital has generated a 4x return
Foresight sells Specac
The business’s revenues grew five-fold during the holding period
SEP exits Vital Energi to Corran Capital
The seller said the portfolio company has “grown exponentially” during its time as an investor
YFM exits Checkmate to IK
The buyer is investing from its IK Small Cap III Fund
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
Kester Capital exits Jollyes for healthy return
The business more than doubled its revenues during Kester’s holding period, the GP said
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
Accession Capital Partners backs SMYK MBO
The business was acquired from Bridgepoint
Gimv exits Groupe Acceo
The Belgian GP supported the firm with four bolt-ons
B & Capital exits Steliau to Astorg
The deal marks the buyer’s fifth investment from its Astorg VIII fund
Adelis Equity Partners sells Presto and HVD
The GP has reinvested in the business via its Adelis Fund III
Connection Capital backs Winder Power MBO
The GP backed the management with a mix of debt and equity
BaltCap sells Karell Kiirabi
The original transaction in 2019 marked BaltCap’s maiden investment in Estonia
August Equity exits Agilio Software
The firm was sold to Five Arrows and TA Associates
Miura Partners sells Terrats Medical to Avista Capital
Terrats sells to 50-plus countries
BGF exits Fig Power
Fig Power was founded as a standalone company in 2022, following a spinout from Hydrock
Growth Capital Partners exits Cubelogic
Bowmark Capital has acquired shares in the SaaS business
IK to acquire Eurofeu from CAPZA
CAPZA and Eurofeu’s management team will both be reinvesting in the portco
Auctus exits Profiltubi Group
The GP first invested a majority stake in the business in 2020
Afinum sells Iconia to Deutsche Invest Capital Partners
Deutsche Invest Capital Partners is investing through its Capital Solutions strategy
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
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
Gresham House Ventures sells Master Removers stake
Gresham initially invested £7.2m in the business in December 2014
CBPE provides Perspective to Charlesbank
It is the seller’s sixth exit from Fund IX
Accent Equity sells Norco Interior to its own portco
The GP’s Götessons Design Group has bolted on the business
Keensight Capital exits Vision-Box in trade sale
The GP first invested in the business in 2015
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
LDC exits Kerv to Bridgepoint
Bridgepoint is acquiring a majority stake in the business through its £1.6bn Bridgepoint Development Capital IV fund
Gryphon Investors exits RoC Skincare to Bridgepoint
The deal is the sixth acquisition by Bridgepoint Europe VII
Equistone sells CH&CO to Compass Group
The trade sale values CH&CO at an initial enterprise value of £475m
Hg sells Argus Media
The exit sees General Atlantic and Argus acquiring the minority stake
Kennet Partners sells Eloomi
The deal will generate a return of more than three times the GP’s investment
Avallon exits Wosana to Japanese holding company
The Polish PE firm wholly acquired Wosana in 2017
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
Riverside sells E&A Scheer to Platinum Equity
The GP supported the firm’s international expansion and appointed new management
Permira sells Italian restaurants chain
The business was sold to CVC Capital Partners
ScaleUp sells edtech business
The acquisition has been completed by a local family office in collaboration with the management team
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”
Solter Capital and Posella sell European insurance broker
The GPs supported MJM Holdings growth via M&A
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
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
Mutares sells Valti to management
The GP exited after only holding the firm since June 2022
IK and MxEP exit Mabtech stakes to EQT
The deal marks the buyer’s first investment from its EQT Healthcare Growth strategy
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
Gilde Healthcare exits biotech firm
The GP has sold Calypso Biotech to Novartis
Synova kicks off 2024 with bumper exit
The sale comes after an eight-year holding period
Bluegem exits luxury home fragrance business
The consumer investor acquired a majority stake in the business in 2017
Bridges Evergreen exits AgilityEco
The exit secured the GP a more than 3x money multiple
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
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
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