Deals
European SBOs sink to lowest level since GFC, leaving sponsors weighing exit options
Hopes for exits comeback pinned on M&A uptick and shift in valuation expectations in 2H 2023
RelyOn Nutec sponsor Polaris preps autumn sale via Houlihan Lokey
GP bought the safety training provider, then known as Falck Safety Services, in a carve-out in 2018
Cinven emerges as frontrunner for ICG’s With Intelligence
ICG aims to sign deal for financial data and intelligence provider by end of next week
Stirling Square relaunches Outcomes First exit with education division sale
GP split the business into education and fostering units last year after an earlier sale attempt
Unquote Private Equity Podcast: Overcoming the exit impasse
Unquote assesses the obstacles to executing successful exits and speaks to Equistone senior partner Steve O’Hare about the GP’s approach to its recent realisations
IK-backed Klingel bidder ELOS Medtech frontrunner in late-stage auction
German medical equipment firm also drew sponsor interest, with some dropping out due to valuation expectations
FPE Capital acquires, merges NoBlue and Elevate2
GP’s investment in NetSuite partners marks fifth investment out of third fund
Nordic Capital reaps around 6x money in Macrobond SBO
US-based tech sponsor Francisco Partners set to acquire the Swedish financial data provider
AlphaPet Ventures gears up to collect first-round bids as investors weigh up pet food’s appeal
Sponsors including IK and TA Associates expected to look at Capiton-backed German petfood company
Macrobond owner Nordic Capital collects initial bids in wide sale process
Nordic Capital is expected to collect non-binding offers for Swedish financial data company Macrobond this week, two sources familiar with the situation said.
Summa Equity’s Documaster tipped as likely exit candidate for 2024
GP bought a majority stake in Norway-based digital document platform provider in 2017
HLD's 52 Entertainment sale on hold over valuation issues
French gaming developer had been expected to see a valuation of at least 15x EBITDA
AnaCap exits GTT to Stirling Square
Vendor will reinvest in tax collection software for a 20% stake; buyer makes second tech deal in a month
Rovensa tipped for sale as PE owners weigh exit options
Bridgepoint and Partners Group have yet to decide on a process for the Portugese agriculture business
Palatine reaps 6x money on SBO of Anthesis to Carlyle
GP will be reinvesting in UK-headquartered sustainability firm, acquiring a minority stake
TSG’s Bergfreunde hits the market in JPMorgan-led auction
Sale of German online clothing retailer follows performance spike during COVID-19 pandemic
Investcorp to take majority stake in PR firm SEC Newgate
USD 100m investment sees firm valued at USD 250m; existing shareholders including Three Hills will roll over their stakes
The Bolt-Ons Digest - 3 July 2023
Unquote’s selection of the latest add-ons with Palatine's Anthesis, Nordic Capital's Regnology, Waterland's Janssen and more
Quadrivio rounds off Industry 4.0 Fund deployment with Twist acquisition
Acquisition of the Italian reconditioned tech hardware business is the last from the EUR 200m vehicle
Aenova sponsor BC Partners taps Jefferies to explore exit options
GP previously attempted to sell the pharma and healthcare CDMO in 2018, Mergermarket reported
Volpi raises EUR 250m continuation vehicle for 2016-vintage assets
Volpi Capital Investments Conti will hold Dutch geospatial data company Cyclomedia and UK-based surveillance group Digital Barriers
Advisors court Permira for Golden Goose stake sale as alternative to IPO
A slew of Italian and international banks are trying to get in front of Permira to help the Golden Goose Spa majority shareholder refine its thinking around exit options, three sources told Unquote sister publication Mergermarket, adding that some were...
Open GI owner Montagu kicks off sale through BofA, Arma
GP previously attempted to sell the insurance software firm in 2018, having acquired the company in 2014
ESI Group advances talks with buyout firms as strategic interest wanes
Binding offers for the listed French software firm are expected pre-European summer