Buyouts
Battery Ventures buys IMC Test & Measurement
Company will operate with the GP's existing test and measurement companies in the US and Denmark
Tech overtakes consumer in Italy
Numerous Italian GPs with a generalist approach have reshaped their activity towards the tech sector
Resource Partners buys dog food maker Atlantic Products
GP plans to merge Atlantic with portfolio company Maced, in which it acquired a majority stake last year
Hg acquires Auvesy from Brockhaus
Industrial automation software platform is the first investment from Hg's €1.3bn Mercury 3 fund
Alpha to sell Cyrillus to Alandia, MGA
Cyrillus is part of the Cyrillus-Vertbaudet group, but this sale only seems to include the Cyrillus business
SBOs, mega-deals fuel strong Q1 for French buyouts
While the sharp quarter-on-quarter rebound of late 2020 was not replicated, the French market remained buoyant in Q1
Gimv acquires homecare service Apraxon
GP plans to support the at-home wound care specialist through organic growth and a buy-and-build strategy
Klar Partners to acquire ISS Kanal Services
Carve-out is the first DACH-region platform investment from Klar Partners' €600m debut fund
Talde invests in AJL Ophtalmic
GP plans to consolidate the company's position in the ophthalmology sector, both in Spain and internationally
Polaris merges four financial advisory firms into North
Deal is the third from Polaris Private Equity V, which launched in 2019 and was targeting €550m
Main Capital buys majority stake in Paragin
Software-focused GP plans to pursue a buy-and-build strategy, targeting education software companies
UK buyout rankings: who invested the most in Q1
Unquote tallies the top 10 most active GPs across the UK buyout space in an exceptionally busy first quarter
Activa sells Alliance Etiquettes to Chequers
Activa reinvests in the business in exchange for a minority stake, via its ACF IV fund
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
KJK acquires heavy equipment provider Alwark
GP will acquire a 66% stake in the company via its €250m KJK Fund III
KPS to buy Crown's EMEA tinplate packaging business
European packaging sector buyouts in 2021 already exceed the aggregate value recorded in 2020
Equistone exits Charles & Alice
Management team becomes the controlling shareholder in the business, while Crédit Mutuel retains a minority stake
Capidea acquires Obsidian Group
Deal follows an auction process initiated by the company at the end of summer 2020 and was led by Deloitte.
UK buyout activity sets new record in Q1
UK buyout market is truly back in full swing, according to preliminary figures from Unquote's proprietary database
FAI, Invitalia back Frigomeccanica
FAI invests via Fondo Agroalimentare Italiano I, while Invitalia deploys capital from Fondo Cresci al Sud
NPM Capital to sell Deli Home to Ardian
NPM reportedly based the sale on an EBITDA figure for the retailer of roughly €40m
GCP invests in Hippo Digital for minority stake
Deal is the second investment for GCP's fifth fund, which was registered in Q3 last year
Waterland acquires software development business GOD
GP's previous IT service sector investments include Germany-based Netgo
Silverfleet backs software provider OneStock
GP invests in the company via European Development Fund, which held a €200m final close in 2019
