Western Europe

Hg makes 79% IRR on software exit to H&F(2)

London-based firm HgCapital has sold two software companies to US buyout firm Hellman & Friedman for an enterprise value of £500 million. The price is thought to represent a market multiple of four times.

Truell consortium flips Threshers to Vision(3)

A consortium led by Edmund Truell has sold the operating businesses of UK retailers Threshers and BrightHouse to secondaries specialist Vision Capital, just two weeks after buying them. The £265 million sale will leave the consortium in control of the companies’ pension fund assets.

Cognetas finds recipe for success with Diana Ingredients

The European mid-market firm has made a return of 4.3 times its investment selling its food ingredients business to AXA Private Equity.

ECP sees 3x return on African bank exit(2)

Washington DC-based Emerging Capital Partners has completed the latest of a series of profitable exits from its pioneering African investment program.

ECP sees 3x return on African bank exit

Washington DC-based Emerging Capital Partners has completed the latest of a series of profitable exits from its pioneering African investment program.

ECM resolves succession issue at German courier(2)

The owner and founder of European courier IN tIME Direkt-Kuriere Transport has sold his stake to German buyout firm ECM Equity Capital Management following succession problems.

Actis leads $134m investment in Nigerian bank(3)

Actis has taken a minority stake in Nigeria-based Diamond Bank, shortly after the country’s scandal-dogged elections. But despite the governance concerns, buyout firms are optimistic about the country’s economic and political future.

Candover brings an end to Stork saga(2)

Candover has agreed to pay €1.5 billion to buy Stork, a Dutch industrial conglomerate that has been involved in a long-running battle over strategy with the two hedge funds that are its biggest shareholders.

3i buys Eltel from IK(2)

European buyout firm 3i has bought Eltel Networks, a Nordic electricity and telecommunications business, from Industri Kapital. The sale, which generated a return of nearly 2.5 times IK’s original investment, is the latest in a series of lucrative exits for the Nordic buyout firm.

ECM resolves succession issue at German courier

The owner and founder of European courier IN tIME Direkt-Kuriere Transport has sold his stake to German buyout firm ECM Equity Capital Management following succession problems.