Exits

The $929m deal will generate an IRR of 68% for investors in Bridgepoint’s fifth fund, it is understood.

The Nordic direct secondaries firm had built up a 55% stake in Movimento, which counts GM, Fiat Chrysler and Volvo among its customers.

Bowmark and Five Arrows have sold Autodata, while Graphite has sold Micheldever Tyre Services.

Private Equity International wishes you a safe and prosperous New Year.

Secondaries firm Coller Capital backed Irving Place Capital to add five years to its third fund and offer an attractive package to LPs.  

This year was a rollercoaster year punctuated by uncertainty related to geopolitical events, while the US private equity market saw elevated valuations and increasing dry powder.

KKR is close to selling capsule maker Capsugel to Swiss drug maker Lonza for more than $5bn.

The firm has invested capital from Apax IX, the $9 billion vehicle it is raising, to buy out Apax France and majority owner Nordic Capital.

Domain and hosting giant GoDaddy will pay €1.69bn to acquire its European rival.

‘We feel the full support of our investors’, says CEO Mario Fera, as the firm makes 3x its money from the fund’s first exit.