Thursday, March 21, 2019

Eurazeo exits Moncler for €455m

The investment firm’s eight year holding in Moncler generated an IRR of 43 per cent and proceeds of €1.4bn. The stake in the company was sold via an accelerated bookbuild to a selection of unnamed institutional investors.

Private equity-backed Nexi set for €2.7bn IPO

Nexi, the payments company owned by Bain Capital, Advent and Clessidra, expects a valuation of between €5.5bn and €7.5bn.

General Atlantic leads €150m Doctolib funding

Doctolib’s existing investors Eurazeo, Bpifrance, Kernel, and Accel, as well as several German healthcare entrepreneurs, also contributed to the funding.

Beech Tree’s Learnlight buys Arenalingua

The deal follows Learnlight’s merger with Ispeakuspeak and Training Express, and the subsequent acquisition of Communicaid, almost two years ago.

Livingbridge-backed Carousel in BDA Logistics bolt-on

Livingbridge portfolio company Carousel Logistics has acquired time-critical logistics business BDA Logistics Innovation.

Synova makes 3.9x on sale of Defaqto to SimplyBiz

The sale of Defaqto represents the fourth exit from Synova’s £110m second fund. Four of the eight companies in Fund II have now been exited at an average return of 5x cost and at a total enterprise value of £560m.

Decline in distribution expectations hints at PE downturn

A decline in distribution expectations could force a downturn in the buoyant private equity market, particularly in North America, forcing GPs to work harder to find investment in the future.

OpCapita sees 4x return from fashion chain NKD

NKD's earnings have swung from a €34m loss to €45m Ebitda under OpCapita's hold, according to the firm. The business has been sold to TDR.

Livingbridge hires PwC’s Samuel Adebiyi

Adebiyi joins the team from PwC where he was a manager in transaction services.

Main Capital-backed MUIS Software buys Ctrl

Combined, the company now offers a complete product portfolio for accountants and administration offices with more than 50 employees.
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