The Deal
Wednesday, November 25, 
4:45 pm

Private Equity exit activity: Sept. 1-5, 2008

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Private equity firms primarily cashed out of middle-market portfolio companies as they returned from their summer vacations. While Warburg Pincus will make a tidy sum from its minority position in Chinese juice company China Huiyuan Juice Group ltd., which Coca-Cola Co. is buying for $2.5 billion, the majority of exits this week came from deals in the lower midmarket range of $200 million to $500 million. - George White

 


Private Equity exits
Exits for Private Equity firms from Sept. 1-5
Portfolio company
Private equity owner
Buyer
Type
Value ($mill.)
Notes
China Huiyuan Juice Group Ltd. Warburg Pincus Coca-Cola Co.
M&A
2500
Warburg Pincus owns 7% of the company valued at $175 million in the deal.
Creditex Group Inc. TA Associates, Internet Capital Group Intercontinental
Exchange Inc.
M&A
513
The deal is a secondary buyout by One Equity Partners.
Jil Sander AG Change Capital Partners LLP Onward Holdings Co. Ltd.
M&A
245
The buyout shop acquired the business in April 2006.
Sequa Corp. Carlyle Group Close Brothers Private Equity LLP
M&A
234
TA made 3.6 times its money, and ICG more than doubled its investment.
Direct Response Corp. Metalmark Capital LLC Unitrin Inc.
M&A
220
Metalmark held the investment for 12 years.
New Flyer Holdings Inc. Harvest Partners LLC, Lightyear Fund LLC N/A
Secondary
offering
95
Harvest Partners tripled its money on the exit.
Synteract Inc./ Vince & Assoc. Clinical Research Celerity Partners Gryphon Investors
M&A
75
Gryphon Investors bought the companies through a recapitalization.

N/A = Not Available

Source: The Deal LLC





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