Palatine Private Equity and Bridgepoint Development Capital (BDC) have completed the sale of Hallmark Hotels to Topland. Palatine and BDC first invested in 2007, each investing GBP9.4m for a combined 78 per cent stake in the business. The sale achieves a 2x return for the private equity firms. Both
Private equity firm SFW Capital Partners has completed the sale of MD Buyline, a provider of healthcare analytics and supply chain spend intelligence capabilities to healthcare providers and vendors, to TractManager, a portfolio company of Arsenal Capital Partners. SFW acquired Dallas-based MD Buyline in 2011 and supported CEO Satin Mirchandani
Lesaffre has sold 100 per cent of UK food distributor BFP Wholesale to private equity consortium Zimt Holding. The transaction details have not been disclosed. Headquartered in Sevenoaks, BFP is a nationwide, one-stop wholesale supplier of ambient, chilled and frozen food products. The company’s products are distributed from depots
Dubai International Capital (DIC), the private equity arm of Dubai Holding, has completed the sale of Mauser Group to Clayton, Dubilier & Rice (CD&R) for circa USD1.7 billion. The agreement for the sale was announced on 12 May 2014. David Smoot, chief executive officer of DIC, says: “We are
The Abraaj Group has exited its investment in Fibrex, a manufacturer of high-density polyethylene (HDPE) and other low-pressure plastic pipe products used in the construction industry. Established in 1966, Fibrex initially manufactured woven bags to transport agricultural materials and fertilisers. The company’s product line quickly evolved over time to products
Mid-market private equity firm LDC has exchanged contracts to sell its stake in pharmaceutical manufacturer Penn Pharmaceuticals in a GBP127million transaction with Packaging Coordinators. LDC took a significant stake in Penn in April 2007, investing GBP33million in the business. The exit will deliver nearly a 3x return on its original
Private equity investor Actis has substantially exited from Alexander Forbes Group by selling a nine per cent stake in an oversubscribed offer through the Johannesburg Stock Exchange (JSE). Actis still holds a four per cent stake in the South African financial services company. Mercer Africa, a subsidiary of Marsh
MMC Ventures-backed Base79 is to be sold to Rightster Group in a GBP50 million deal. MMC invested in Base79 co-founders, Ashley Mackenzie and Richard Mansell, from an early stage in March 2010, and since then MMC has supported the company as a shareholder and board member in their journey to
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