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EQT sells €3bn stake in IFS to ADIA and CPPIB, valuing software firm at €15bn

Private Equity Insights

Technology investor Hg, already a shareholder in IFS, will increase its stake and become a co-controlling shareholder alongside EQT. Founded in 1983 and delisted by EQT in 2016, Stockholm-based IFS has expanded through organic growth and targeted acquisitions. TA Associates will remain an investor in the business. Can`t stop reading?

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Private equity firm L Catterton, which is backed by LVMH, has sold leading Italian bicycle brand Pinarello valued around $273m

Private Equity Insights

Elite Italian bicycle maker Pinarello changes hands Fausto Pinarello, the son of the founder of the bicycle group, would maintain a stake in the company and his role as chairman, L Catterton said in a statement. L Catterton had bought Pinarello in 2016. ($1 1 = 0.9160 euros) Source: Reuters Can’t stop reading?

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HBX Targets €725m in Spanish IPO to revive Europe’s public listings market

Private Equity Insights

HBX Group, a private equity-owned hotel room wholesaler, plans to raise up to 725m through an IPO in Spain. The IPO includes partial stake sales by current shareholders, including CPPIB, Cinven, and EQT. The company, acquired by CPPIB and Cinven in 2016 for 1.2bn, aims to capitalise on Europes recovering IPO market.

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Thoma Bravo sells minority stake in Qlik to ADIA at $10bn valuation

Private Equity Wire

Software and technology-focused private equity firm Thoma Bravo has agreed to sell a Qlik minority stake to a subsidiary of the Abu Dhabi Investment Authority (ADIA), in a deal that values the data analytics company at $10bn.

Stakes 94
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Vista and Harvest consider $4bn exit from government software firm Granicus

Private Equity Insights

Vista Equity first acquired a majority stake in 2016 and later merged Granicus with GovDelivery, another Vista-backed firm. Harvest Partners joined as a significant shareholder in 2020 after acquiring a stake from Vista and K1 Investment Management.

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Private equity firm Providence acquires d&b Group

Private Equity Insights

d&b group has announced a major investment by Providence, a private equity firm specialising in growth-oriented investments in media, communications, education and technology. Since the company’s acquisition by private equity firm Ardian, d&b’s previous owner, in 2016, sales have tripled.

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Diligent’s PE owners mull $7bn sale

Private Equity Wire

The report cites unnamed sources familiar with the matter as revealing that the private equity firms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025. Clearlake Capital and Blackstone acquired minority stakes in 2018 and 2020, respectively.