Exits

Nordic firm Norvestor has agreed to acquire the Scandinavian energy services supplier for an undisclosed sum.

Thoma Bravo will pay around C$1.6 billion for the Canadian auto marketplace.

Depressed exit activity could be exacerbated by the industry’s reliance on secondary sales, the industry body says.

The €310 million sale was unaffected by ‘Brexit’, but there will be a lasting slowdown in the wider M&A market, the firm said.

The sale of the health and safety software business follows the close of two Inflexion funds last month after just 8 weeks on the road.

The Paris-headquartered firm sold its stake in Acrotec Group to Castik Capital, which closed its debut fund last year.

Terra Firma returns to court today seeking damages of around £1.6bn from former banking partner Citi.

The listed investment trust is expected to make a 2.6x return and 50% IRR from its sale of Jersey-headquarted fund administrator Elian to Intertrust Group.

The firm’s listing of Egypt’s Cleopatra Hospital Company on the Egyptian Exchange follows on the heels of the IPO of Unimed on the Tunis exchange.

The UK mid-market firm has completed a string of exits as it continues raising its latest fund.