Private equity fund manager and Enterprise Investment Scheme and venture capital trust specialist Calculus Capital has sold its holdings in AIM-listed Horizon Discovery. The average exit multiple for sale of the shares was 1.82x, constituting a tax-free return of over 160 per cent to investors, when factoring in initial income

Law firm Taylor Wessing has advised Rutland Partners on the sale of Millbrook Group to Spectris for GBP122 million, realising a return for investors of over six times their investment. Taylor Wessing advised Rutland on the acquisition of Millbrook from General Motors in 2013.   The business, a test, validation

Orrick has advised a consortium of international private equity firms, including Bessemer Venture Partners, Columbia Capital, HarbourVest Partners, Innova Capital, MC Partners and Oak Investment Partners, in the sale of Slovakian telecommunications provider Benestra to private equity house Sandberg Capital. The deal, announced one 26 May 2016, has now closed. 

Private equity firm Vector Capital has sold Gerber Technology, a provider of integrated software and automated systems for the production of flexible materials, to American Industrial Partners. Terms of the transaction have not been disclosed.   Headquartered in Tolland, Connecticut, Gerber Technology provides integrated software and system solutions to more

HIG Europe, the European arm of global private equity firm HIG Capital, is to sell the International School of Europe Group (ISE). Closing of the transaction is expected in mid-September 2016. Terms have not been disclosed. 
 ISE, founded in 1958 by the Formiga family, is a group of schools

Healthcare-focused private equity firm Shore Capital Partners has sold Fast Pace Urgent Care, a provider of urgent care services throughout rural Tennessee and Kentucky, to Revelstoke Capital Partners. In December 2012, Shore Capital partnered with Fast Pace founders, Stan Bevis and Reams Powers, to help grow their initial seven urgent

Audax Private Equity is selling 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 used in the diagnosis and treatment of urinary incontinence

Clearlake Capital Group is to sell NetMotion Wireless, a provider of mobile security software solutions, to The Carlyle Group. The transaction is expected to close in the third quarter of 2016, subject to normal closing conditions and regulatory approvals.   Financial terms of the deal have not been disclosed.  

Mid-market private equity firm Bowmark Capital has sold CSL, a provider of critical connectivity solutions for machine-to-machine communications, to Norland Capital, ICONIQ Capital and RIT Capital Partners for an undisclosed sum.  CSL pioneered dual signalling technology in the alarm security industry where it manages the communications for over 400,000 commercial,