Omnes Capital and Bpifrance have sold their stake in Grain d’Or Gel, a company specialising in the manufacture of frozen bakery products such as pizza dough and snacks. This disposal falls within the framework of the merger between Grain d’Or Gel and Lubrano.   The new entity, named Groupe Novepan,

Global alternative asset manager The Carlyle Group is to sell ITRS to funds managed by private equity firm TA Associates. Financial terms of the transaction, which is expected to close in April 2017, have not been disclosed.   ITRS is an international software vendor to the financial services sector, offering

ClearLight Partners has sold Consumer Safety Technology (CST or Intoxalock) to Welsh, Carson, Anderson & Stowe for an undisclosed figure. Headquartered in Des Moines, Iowa, Intoxalock provides ignition interlock devices and accompanying driver monitoring services.   Ignition interlock devices are used primarily in DUI drivers’ vehicles to prevent the vehicle

Private equity firm Quad-C Management has completed the sale of its portfolio investment Curvature, an IT services company and provider of new and pre-owned network hardware and IT infrastructure services. Through the deal, Curvature merged with Partners Group portfolio company SMS Systems Maintenance Services to form SMS | Curvature. Terms

Catapult has sold portfolio business Silver Lining Solutions, a Midlands-based provider of employee performance optimisation software, to US-based Genesys. Silver Lining Solutions is a developer of employee optimisation solutions that help improve employee engagement and performance enterprise-wide, enabling organisations to sell more, serve customers better, increase operational effectiveness and reduce

Omnes Capital has sold its stake in Capcom to Circet, a French specialist in telecommunications infrastructure for telecoms operators. This comes just a few months after the Omnes Croissance 4 midcap fund was closed at EUR210 million, allowing Omnes Capital to achieve a multiple of 2.6x.   This is the

Mid Europa Partners, a private equity investor focused on Central and South Eastern Europe, is to sell Zabka Polska to funds advised by CVC Capital Partners. The transaction is subject to customary competition authority clearance and is expected to close in Q2 2017.   The Zabka sale is the largest

Arma Partners has acted as exclusive financial adviser to Evidon, a portfolio company of Warburg Pincus, on the sale of its Ghostery consumer assets to Cliqz. Cliqz is a Munich-based web browser provider with integrated search engine owned by Hubert Burda Media and the Mozilla Corporation.   The Ghostery assets

Enstar Group is to sell its subsidiary Pavonia Holdings (US) for USD120 million to an affiliate of Global Bankers Insurance Group, the insurance and reinsurance group of companies of Eli Global. Pavonia owns Pavonia Life Insurance Company of Michigan, Pavonia Life Insurance Company of New York, and Enstar Life (US).

CBPE Capital has exited its investment in Xafinity, a UK corporate pensions consultancy, via a main market listing on the London Stock Exchange. Due to high investor demand, CBPE will sell all of its shares generating a return of 4.3x invested capital (with an IRR of 66 per cent). The