Private equity fund manager and Enterprise Investment Scheme (EIS) and venture capital trust (VCT) specialist Calculus Capital has sold its stake in Metropolitan Safe Deposits to private investors, generating a 158 per cent return in the process. Calculus invested in Metropolitan at 6.32p per share, in February 2012, selling its holding for

Audax Private Equity, together with its co-investors and management, has completed the sale of Laborie Medical Technologies to Patricia Industries, a part of Investor AB. Headquartered in Mississauga, Ontario, Laborie Medical Technologies is a provider of medical devices for urological, pelvic health, and gastrointestinal applications.   The company’s products are

JZ Capital Partners, a London-listed fund that invests in US and European micro-cap companies and US real estate, has closed the sale of its minority stake in Winn Group. The stake was sold to a major financial institution for EUR20.8 million (USD23 million) following the receipt of regulatory approval.  

3i Infrastructure has completed its investment in renewable development and operating company Valorem. 3i Infrastructure has invested EUR57 million to acquire its 28.5 per cent interest in the French business and to fund the company’s pipeline.   3i Infrastructure acquired its interest from FCPR Capenergie, a fund managed by Omnes

BayWa re has sold the Saint-Congard wind farm in Brittany, north-west of Nantes, to the FPCI Capenergie 3 fund managed by Omnes Capital. This is the first time that BayWa re has sold a French wind farm to a French investor.   The wind farm consists of four turbines manufactured by Senvion with

Ufenau IV, a fund advised by Ufenau Capital Partners, has sold its shares in Roth Brandschutz to Equistone Partners Europe, realising a 4x cash return and an IRR of 108 per cent. Roth Group is headquartered in Gerlafingen, Switzerland, and offers its clients fire protection, insulation and coatings services.   Since

Praesidian Capital, a provider of senior and subordinated capital for small and mid-sized businesses, has exited its first-lien debt investment in Aquasana, a Texas-based provider of residential water filtration systems and replacement cartridges. Praesidian’s debt investment supplemented an equity investment by L Catterton, the largest consumer-focused private equity firm in

Audax Private Equity has sold Cadence Education to investment funds managed by Morgan Stanley Global Private Equity. Terms of the transaction have not been disclosed.   Headquartered in Scottsdale, Arizona, Cadence is a provider of early childhood education focusing on children ages six weeks to 12 years old.   The

Clearwater International has advised Greek private equity house Global Finance, the majority shareholder of TotalSoft, in addition to other shareholders, on the sale of TotalSoft to Logo Software Investment. Logo, a subsidiary of Logo Yazılım Sanayi ve Ticaret, has acquired 100 per cent of TotalSoft shares for an enterprise value

Rutland Partners has completed the sale of Millbrook Group to Spectris for GBP122 million. The disposal from Rutland Fund II realises for investors a return of over six times its investment.   Millbrook was acquired from General Motors for an undisclosed sum on 2 October 2013. It is a test,