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Category: Valuation and Exit

FSI eyes new fund with near EUR 1bn returned to LPs this year

Italian growth investor FSI has a new fund in sight after returning close to EUR 1bn to its limited partners via four exits, chief investment officer Barnaba Ravanne told Unquote.

Melior sells BHP Insurance to PE-owned PIB Group

Irish sponsor Melior Equity Partners is exiting its insurance broker portfolio company BHP Insurance in a sale to Apax and Carlyle-backed PIB Group after 18 months of investment.

Intesa Sanpaolo investment banking head exits for BNP Paribas

Marco Lattuada, Intesa Sanpaolo’s global head of investment banking and structured finance, has stepped down from his role to join French bank BNP Paribas, sources said.

Multiples Heatmap: Valuations ease as PE deals slow down

Against an increasingly complex background, European PE activity slowed markedly in 3Q22 bringing down the average long-term EV/EBITDA multiples of sponsor-backed transactions, the latest Clearwater Multiples Heatmap shows.

Wise Equity partially exits Vittoria to Telemos Capital

Wise Equity is set to exit its majority investment in Italian manufacturer of high-end bicycle tyres Vittoria to UK-based mid-market private equity firm Telemos Capital.

Hg to exit Transporeon in EUR 1.88bn sale to trade

Tech sponsor Hg has agreed to sell Transporeon to US-listed industrial technology group Trimble in a deal that values the German transportation management software provider at EUR 1.88bn.

Kester to reap 4.8x return in Vixio exit to Perwyn

Kester Capital has agreed to sell Vixio Regulatory Intelligence, a UK-based provider of global regulatory intelligence to the payments and gambling markets, to European private equity investor Perwyn.

IK exits Studienkreis in sale to edtech unicorn GoStudent

IK Partners is exiting Studienkreis, a German centre-based tutoring provider, in a sale to edtech company GoStudent.

CVC weighs strategic options for IT training provider QA

CVC Capital is weighing strategic options for QA that could lead to an exit or the breakup and sale of parts of the UK-based IT training provider as early as next year, six sources familiar

Egeria to exit Ilionx in SBO to FSN Capital

Egeria is set to sell its majority stake in Netherlands-based IT services provider Ilionx to Northern European sponsor FSN Capital.

DBAG sees NAV drop 15% amid market uncertainty

German listed investor Deutsche Beteiligungs AG (DBAG) has seen the valuation of its investments drop by 15.1% over the current financial year amid “unexpected influences” from geopolitical and macroeconomic uncertainties, according to its annual result

Gresham House reaps 6.9x money on Equip exit

Growth equity investor Gresham House Ventures has sold its equity stake in outdoor apparel manufacturer Equip Outdoor Technologies, the parent company of specialist outdoor brands Rab and Lowe Alpine.

Capstreet ends seven-year OnPoint ownership with exit to MML Capital

Texas-based buyout house Capstreet has sold refining and petrochemical maintenance project planner OnPoint Industrial Services after seven years in its portfolio. The post Capstreet ends seven-year OnPoint ownership with exit to MML Capital first appeared

European VC values holding up despite bearish macro conditions

European venture capital valuations have held up well in the last quarter amid the overwhelming bearish market conditions prevalant since the beginning of the year, new research shows. The post European VC values holding up

Strategics pull back from PE sales as macro uncertainty bites

Sponsors exiting portfolio companies in Europe this year have been unable to count so much on the appetite of strategic players.

Palm Beach Capital scores 9.3x return selling out of 10-year Cadre Holdings investment

Mid-market investor Palm Beach Capital has sealed a 9.3x return by fully exiting Cadre Holdings, a provider of safety and survivability equipment for first responders, federal agencies and outdoor enthusiasts. The post Palm Beach Capital

Dominus Capital exits L2 Brands to Sentinel Capital after tripling size of business in four years

Dominus Capital, a business services and light manufacturing-focused investor, has exited collegiate, leisure and corporate hat and clothing company L2 Brands. The post Dominus Capital exits L2 Brands to Sentinel Capital after tripling size of

Wise Equity exits Trime in SBO to 21 Invest

European sponsor 21 Invest has agreed to acquire a majority stake in Trime from Wise Equity following a competitive process for the Italian lighting tower manufacturer.

Armonia exits Italy’s BioDue in SBO to Riverside Europe

Italian private equity firm Armonia has agreed to exit BioDue in a deal with Riverside, which will acquire a controlling stake in the Italian company specialised in the development, manufacturing and commercialization of food supplements,

EnCap seals Jupiter Power sale to BlackRock Alternatives as second Energy Transition Fund exit

Energy-focused dealmaking major EnCap Investments has agreed to sell battery storage business Jupiter Power to BlackRock Alternatives. The post EnCap seals Jupiter Power sale to BlackRock Alternatives as second Energy Transition Fund exit first appeared

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