9fin also tracks these in-market deals in our private credit database.

New

UK & Ireland

Heywood — First round bids are due imminently on BlackRock’s sale of this pension software provider. Evercore is running the process, marketing the firm off EBITDA of £25m.

Wireless CCTV (WCCTV) — LDC is looking to sell its stake in this CCTV and body camera supplier, mandating Lincoln to market the firm off around £10m EBITDA.

AG Grid — The management of this UK software provider is seeking a new equity partner, appointing Lincoln to market the firm off EBITDA between £20m and £25m.

Germany

STP — Carlyle and ICG are among the sponsors interested in the sale of this insolvency software provider, which sponsor Bregal has appointed Raymond James to market off EBITDA of €25m to €30m.

France

Sebia — CVC’s sale of this diagnostic equipment manufacturer has attracted interest from sponsors including Nordic Capital and Blackstone. A buyout package for the €300m-EBITDA firm could combine PIK financing from direct lenders alongside TLB debt.

LV Overseas — MML is looking to refinance around €250m of debt for this freight forwarder, which generates around €45m in EBITDA. Rothschild is advising on the process.

Benelux

Zwart Techniek — Lenders are considering submitting terms levered at around 4x for the potential sale of this power systems manufacturer, with price talk in the mid-500bps range. Sellside advisor Lincoln is marketing the firm off €17m of EBITDA.

Innovad — IK Partners’ sale of this animal nutrition firm is expected to draw strong private credit interest, with anticipated leverage pitches of around 5x and price talks close to E+475bps. Sellside advisor Bank of America is marketing the business off around €45m EBITDA.

IbanFirst — Marlin Equity is looking to sell this FX payment software business, appointing Perella Weinberg to market the Belgian firm off EBITDA between €15m and €20m.

Euro Caps — This Dutch coffee capsule manufacturer is looking for a buyer, hiring Rabobank to market the firm off EBITDA of just under €20m.

Topzorg Groep — Capital A is looking to sell this Dutch physiotherapy provider, mandating Houlihan Lokey to run a process that is expected to launch either later this year or in 2026. The firm generates EBITDA of €6m to €7m.

SnelStart — The sale of this Dutch accounting software firm is heading to its second round. The process, which has drawn sponsor interest from Bridgepoint, Inflexion and NPM Capital, is being run by ABN Amro based off EBITDA between €20m and €25m.

In the press

• Encoviva is receiving growth financings from Apera
• Parkman is being acquired by Procuritas with debt from Crescent
• Ubitec is being acquired by Bencis with debt from Apera

Ongoing

UK & Ireland

Peoplesafe — ECI Partners is readying the sale of this workforce safety software firm, mandating Baird to market the business off £10m to £12m EBITDA.

ALS Dental — Ansor is set to launch the sale of this £20m-£25m EBITDA dental laboratory firm. William Blair is advising the sponsor, which is expected to approach both private equity and trade buyers.

GLAS Agency — This debt administration services firm is expected to come up for sale. Baird is advising on an auction process for the London-based company, which generates EBITDA of around £50m.

Lowe Rental — Private equity firm Perwyn has mandated Raymond James to sell this rental specialist for refrigeration units. Teasers are out and the firm is marketed off around €41m EBITDA.

Interpath — HIG Capital is looking to exit this financial advisory firm after shelving earlier plans to refinance the business. The sponsor has appointed Moelis to advise on a sale, which is expected to launch in 2026 based off EBITDA of around £70m.

Kids Planet — Fremman Capital is looking to exit this nursery chain, with an ongoing sale process being run by Rothschild based off EBITDA of over £60m. Some private credit firms looking at the potential sale expect incumbent lender Arcmont to stay on.

Totalmobile — Bowmark Capital is preparing to launch the sale of this software provider, having earlier mandated Arma Partners to market the business off £25m of EBITDA.

Burger King UK — This Bridgepoint-backed fast food operator is in talks with opportunistic credit and capital solutions funds after its proposed refinancing failed to gain traction with more conventional lenders. DC Advisory is advising on the debt raise, seeking around £150m.

Blue Light Card — Vitruvian Partners is the frontrunner for the sale of this Inflexion portfolio company, which provides retail discounts for public sector employees. The firm is being marketed off £50m in an auction run by GP Bullhound.

HH Global — This marketing firm is exploring a dual-track process to refinance its debt after Blackstone’s minority stake sale stalled.

Aquavista Watersides — LDC is looking to sell this inland marina operator, mandating PWC to market the business off £10m EBITDA.

Germany

Syntegon — CVC is exploring an exit from this packaging machinery supplier, hiring Rothschild to advise on a potential sale of the €200m+ EBITDA firm.

LAP Group — IK Partners has launched the sale of this laser company, which Houlihan Lokey is marketing off around €25m EBITDA.

Thinkproject — EQT is exploring the sale of this construction software solutions provider. The private equity firm has appointed Arma Partners as sellside advisor, marketing the firm off around €50m of EBITDA.

Diamant Software — Private equity firms Nordic Capital and Hg, the latter through a portfolio company, are among the bidders for this accountancy software. The owners expect an enterprise value between 25x and 30x its €20m EBITDA.

Attikon Finanz — Astorg has launched a process to raise debt financing to back its recent acquisition of this commercial insurance brokerage platform. The business generates EBITDA of around €20m.

YellowFox — ECM has launched the sale of this telematics firm. The seller is aiming for an enterprise value between 15x and 20x its €10m EBITDA.

Valeara — Genui is preparing to launch a sale of this mental health provider. William Blair is advising on the auction of the business, which generates EBITDA of around €20m.

Altano — Ufenau Capital is prepping a sale of this equine veterinary group, appointing Jefferies to advise on an auction expected to formally launch by the end of the year based off EBITDA of more than €50m.

Eucon Automotive — Eucon has mandated Houlihan Lokey to run the carveout of its automotive unit, which is being marketed off around €15m EBITDA.

France

Cyrus Herez — Rothschild is advising on an auction process for this Bridgepoint-backed financial advisory and wealth management firm, which generates EBITDA of around €50m.

Altice France — Blackstone is in early-stage discussions about providing debt financing to sponsors exploring bids for Altice’s French telecom operator, though talks remain preliminary and no formal offers have been made.

Benelux

Anchor Insurance — Management of this Dutch insurance broker is preparing to launch a sale process in Q4, hiring Aperghis to market the business off EBITDA of €10m.

Unit4 — TA Associates and Partners Group have mandated Arma Partners to run a sale of this Dutch software firm, which will be marketed off EBITDA of between €150m and €160m and may be more likely to end up in the syndicated market.

Dopharma — The owners of this Dutch veterinary pharmaceutical firm are exploring a sale, hiring Investec to market the business off EBITDA of €16m.

Geoxyz — This Belgian marine data and services provider is coming up for sale. UBS is advising on the process, marketing the business off EBITDA of €30m.

Viabus — Management of this Dutch travel operator is exploring a sale, mandating Oaklins to market the business off €15m-€20m EBITDA.

Studocu — This Dutch crowd-sourced learning platform is preparing a sale, mandating GP Bullhound to market the business off EBITDA of around €10m.

Nordics

Geomatikk — Hg is looking to sell this Norwegian infrastructure management software firm, appointing Guggenheim to market the business off around NOK300m (€25m) EBITDA.

Italy

Biscottificio Verona — Management of this confectionery company is exploring a sale, mandating M&A advisory firm Spayne Lindsay to market the business off €15m of EBITDA.

Iconsulting — The management of this data consultancy is exploring a sale, mandating EY to market the business off €15m EBITDA.

Lodestar — Bravo Invest is exploring a sale of this IT consultancy, mandating Mediobanca to market the business off €15m EBITDA.

Spain

Universidad Alfonso X El Sabio — Direct lenders are vying to provide a PIK tranche alongside syndicated debt to back CVC’s potential sale of this private university. Rothschild is advising on the process, marketing the organization off €120m EBITDA and seeking a valuation of more than €2bn.

Atletico Madrid — Apollo is exploring a deal to invest in this football club, which is looking to finance an €800m sport and leisure project around its home stadium.

Czech Republic

Zentiva — US private equity firm GTCR is in talks with direct lenders including KKR to finance a potential bid for this generic drugmaker, which could value the firm at around €5bn.