Monday, August 20, 2018

BGF exits debut investment Benefex to Bain Capital

BGF has invested £5.5bn since it initially backed Benefex in 2011. The business has expanded its product portfolio as well as its international operations.

Bencis buys Fit For Free, SportCity business from Avedon

Now one business, Fit For Free and SportCity are both Dutch gym brands. Fit for Free provides a budget offering, while SportCity focuses on the premium market.
defiso media

Adelis invests in Swedish SEO agency Defiso Media

Stockholm-based Defiso Media made revenues of SEK43m (€4.14m) and Ebitda of SEK16m in the year ending August 2017.

Bain to take esure private for £1.2bn

esure confirmed it had reached an agreement with Bain for an all cash offer this morning after confirming it was in advanced talks with the firm yesterday.

Capital calls dwindle to lowest level on record, while distributions soar

Since the start of 2013, fund distributions have remained at historically high levels, while capital calls have fallen steadily to their lowest ever level, a new report has found.
Custom House

Genstar Capital-backed Apex buys Custom House

Custom House represents Apex Group’s sixth acquisition in the past twelve months and brings its total assets under administration to $560bn.
H2-Healthcare 21-private-equity-hospital

H2 bolts on Healthcare 21 to medical services business Aquilant

Dutch firm H2 Equity Partners acquired Aquilant for €23m at the end of last month.

Bridgepoint sells minority stake in its firm to Dyal Capital Partners

Dyal Capital will acquire a stake of between 15 and 20 per cent, according to reports, as Bridgepoint looks to expand into new markets and products.

QuattroR takes control of Italian ceramics group Ceramiche Ricchetti

The Milan-based buyout firm will set up a special purpose vehicle to acquire a controlling interest in Ceramiche Ricchetti.

Blackstone exits sweets business Tangerine to to trade buyer Valeo

Blackstone acquired Tangerine Confectionery in 2011 and started exploring a sale earlier this year.
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