Buyouts
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
Hyle Capital buys dried fruit producer Manuzzi
GP backs the company via its debut fund Finance For Food One, which is dedicated to investments in the agri-food sector
NorthEdge acquires Correla
Acquisition of the energy data company is the first platform investment from the GP's ТЃ250m Fund III
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
ECM buys driving school support service Academy
GP is acquiring a majority stake in the driving school support service via its €325m GEP V fund
TDR Capital to take Arrow private in £563m deal
Offer price represents a premium of 33.4% to the closing price of 230.5 pence per share on 5 February 2021
Aurelius acquires AutoRestore
Acquisition is intended to complement Aurelius's other portfolio companies in the vehicle fleet services sector
PM & Partners backs Cytech
GP buys the business from founders Stefano Coccia and Marino De Marchi, who will both reinvest in the deal
Mid Europa acquires MCI-backed e-commerce platform Pigu
MCI will reinvest in the deal, which also sees Pigu merge with Estonia-headquartered Hobby Hall
Bregal to acquire Afinum's Perfect Drive Sports Group
Bregal announced the deal in conjunction with the €1.875bn close of Bregal Unternehmerkapital III
EQT in exclusivity to acquire Cerba from Partners Group
Medical diagnostics business has previously been backed by sponsors including Astorg, IK and PAI
Astorg buys majority stake in Five Arrows-backed Opus 2
Five Arrows bought a minority stake in the legal technology company in 2017 and will now reinvest
Astorg in exclusive negotiations for CVC's Corialis
SBO will be the fifth PE buyout for the aluminum door and window systems producer since 2004
Eurazeo Brands buys majority stake in UPD for €68m
GP plans to further develop the company's digital and e-commerce capabilities, while boosting its expansion
DBAG buys majority stake in R+S Group
Equity investment of €15m is from DBAG's balance sheet and is intended to be a long-term investment
CVC buys Ethniki Insurance in €505m deal
GP invests in the company via CVC Capital Partners VII, which closed on €15.5bn in June 2017
BIP management presentations ongoing, with strong PE interest
Apax acquired a 60% stake in the business from private equity firm Argos Wityu in early 2018
Lonsdale backs Horseware Ireland
This is the ninth investment made by the GP via Lonsdale Capital Partners Fund I, which closed on ТЃ110m in 2016
Aksia buys Medical International Research
GP invests in the company via Aksia Capital V, which targets European businesses with potential for high-growth