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The Mercury Fund will generate a gross IRR of 40 percent and a money multiple of 2.2x from the sale of Relay Software.
Today is the last day to submit your entries for Private Equity International’s 2016 Operational Excellence Awards.
The sale of Fidor comes after the firm offloaded six European assets earlier in the year in a direct secondaries transaction worth €96m.
The London-based firm is currently in market with its eighth flagship fund, targeting €1.6 billion.
The firm is the latest to receive a warm reception from investors; it is eyeing a September final close as it nears its target for Fund VI.
The Guy Hands-led firm is offloading the cinema chain in a £921m deal after a 12-year hold.
The pair have offloaded Strategic Partners to New Mountain Capital.
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The firm is selling the Nordic fintech marketplace to Bauer Media in a €170m deal.
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In its second exit this week, Apax is offloading the software maker in a deal generating a 4.4x return.
The firm has teamed up with CDPQ and CIC to acquire French property management services provider Foncia in a €1.8bn deal.