Providence Equity Partners
The Bolt-Ons Digest - 26 May 2023
Unquote’s selection of the latest add-ons with H&F's TeamSystem, Nordic Capital's Regnology, 3'i's Dutch Bakery and more
52 Entertainment sale enters final round in sponsor-heavy auction
PE owner HLD invested in the Paris-based gaming platform in 2018; it has since made nine add-ons
PSG's Imaweb sale moves to second round
Sponsor bought a majority stake in the Spain-based car dealer and OEM sofware provider in 2019
The Bolt-Ons Digest – 11 November 2022
Unquote’s selection of the latest add-ons including Hg and ICG's Iris, Inflexion's THE, Bain's House of HR and more
Providence to close A2MAC1 deal in 1Q23; Five Arrows reinvests
US-based GP has entered exclusive negotiations to acquire automotive benchmarking company
Sale of Eurazeo's Sommet gets underway
Process has kicked off with the distribution of IMs and indicative bids slotted for mid-January
Providence to acquire Apax's Marlink for USD 1.4bn
Both firms announced in August that they had entered exclusive negotiations
Marlink to be acquired by Providence
Apax bought the satellite communications company back from Airbus in 2015 for EUR 450m
Providence Strategic Growth backs Sport Alliance with EUR 60m
GP intends to support the gym and fitness studio software with its international expansion
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Marlink admits Providence, I-Squared, CVC to second round of sale
France's Apax Partners is looking for bids in the region of 10x EBITDA for its portfolio company
Capza exits Ivnosys to PSG-backed Signaturit
Sale ends a two-year holding period for Capza, which acquired a 40% stake in the business via Capzanine 4 Flex Equity
PSG buys software developer Nalanda
This is the eighth investment made by the GP via its PSG Europe Fund, which closed on €1.25bn in February 2021
Bowmark, LDC sell Node4 to Providence
IT business was expected to fetch a valuation in excess of £300m, based on a 15x multiple
PSG's Mapal bolts on GetCompliant
With this add-on, Mapal expects to strengthen its existing software offering and expand its presence in the Nordic region
PSG closes debut European fund on €1.25bn
PSG Europe invests in lower-mid-market software and technology-enabled services companies
Providence-backed Imaweb bolts on Procar
With this add-on, Imaweb plans to consolidate its presence in the DACH region and broaden its customer base
PSG and Verdane's Hornetsecurity bolts on Altaro
Providence Strategic Growth joined the IT security company's shareholder base in July 2020
Providence buys La Centrale
Following the deal, which is expected to close in Q1 2021, Axel Springer will retain a minority stake
Providence Strategic Growth backs Signaturit
PSG intends to support the company's product diversification, geographic expansion and search for M&A opportunities
Providence launches leadership transition plan
Noell and Phillips are appointed as co-heads of North America, while Tabet and Tisdale become co-heads of Europe
Providence Strategic Growth acquires Sympa
GP is deploying equity from its new Europe-focused fund, which has so far raised around £650m
Providence-backed Imaweb-IDF bolts on Serinfer
With this add-on, Imaweb plans to further consolidate its presence in Spain and accelerate its expansion
Providence in single-asset restructuring for HSE24
GP bought a majority stake in the shopping channel operator from Ardian in 2012 via its sixth fund