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Preqin Round-Up: A look at the Past Week’s Notable Private Equity-Backed Exits

by Kevin Smith

  • 24 May 2012
  • PE

In the buyout space this week there have been a few notable exits. Firstly, Summit Partners have announced the sale of Healthcare Partners Holdings to DaVita Inc., a kidney care services for those diagnosed with chronic kidney disease, for $4.42bn. The deal is expected to close in the fourth quarter of 2012. Summit Partners provided an undisclosed amount of growth capital financing in June 2005.

Elsewhere, US-based AMC Entertainment Inc, a portfolio company of Apollo Global Management, Bain Capital, Carlyle Group, JPMorgan Partners and Spectrum Equity Investors, was acquired by China’s Dalian Wanda Group for $2.6bn. The company initially filed to go public in July 2010, but the IPO was subsequently abandoned in April this year. Private equity investors merged AMC with Loews Cineplex Entertainment Corporation back in June 2005. The price of the original transaction was not disclosed.

Finally, CVC Capital Partners sold a percentage of their stake in Formula One Holdings this week for $1.6bn to BlackRock, Norges Bank Investment Management and Waddell & Reed. The company plans to list on the Singapore stock exchange before the end of June this year. CVC acquired a controlling stake in Formula One Holdings in November 2005 in a deal valued at $1.7bn.

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