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Palamon agrees sale of Eneas for a 3.3x return

Palamon Capital Partners, a pan-European growth investor, has agreed the sale of Eneas Group to Norvestor Equity for an undisclosed amount.  The sale will bring total proceeds to NOK 750 million (approximately €80 million), representing a 3.3x return on invested capital.  The transaction is expected to close in August 2016, subject to regulatory approvals.  Full terms of the sale were not disclosed, however, following the transaction the Company will continue to be led by CEO and Founder, Thomas Hakavik.

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Business Services Forrest Radford Business Services Forrest Radford

Palamon sells cadooz to strategic buyer, Euronet

Palamon Capital Partners, one of Europe’s leading mid market private equity firms, has agreed the sale of cadooz AG to Nasdaq-listed strategic buyer, Euronet Worldwide, a leading global electronic payments provider and distributor, headquartered in Leawood, Kansas, USA. The details of the transaction were not disclosed.

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