Buyouts
Investcorp acquires Avira for $180m
Deal is the seventh from Investcorp Technology Partners IV, which held a final close on $400m in December 2018
Family Trust Investor buys AlphaQuest
Investment in IT consultancy firm is the third from the Munich-based GP's debut fund
Palatine invests in Acora
Acora was sold in an auction, which saw Inflexion Private Equity and LDC make bids
EQT enters exclusive negotiations to acquire Schülke
Sale process saw EBITDA adjustments due to the hygiene product company's increased revenues
Five Arrows to take Harvest private
Holdco plans to file a proposed public buyout offer with French regulator AMF at €90 per share
Ufenau buys majority stake in Ikor
Investment in the Hamburg-based digitalisation consultancy is the second from Ufenau VI
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Main Capital buys majority stake in health software firm Alfa
Netherlands-based GP paid €15-20m for its stake in the company
Aequita buys automotive supplier Willi Elbe
Sale follows a competitive process initiated in July 2019 as part of the company's restructuring
Bridgepoint buys 28% stake in French asset manager Cyrus
GP invests via its lower-mid-cap fund Bridgepoint Development Capital III, which raised around £600m
HQIB buys Zetcom Group majority stake
GP may consider add-ons for the Switzerland-based museum and collection management software company
Riello Investimenti backs First Advisory
GP invests via its Italian Strategy Fund, a €150m vehicle that held a €50m first close in June 2019
Waterland buys Beck Et Al majority stake, forms new IT platform
GP will merge the company with Waterland VII portfolio companies Direkt Gruppe and Binary
Segulah to acquire majority stake in NVBS Rail
Deal is the GP's 10th investment from Segulah V, which is well advanced in terms of deployment
York Capital, Elements Capital buy Pillarstone-backed Famar
In addition to Famar Italia, the Italian subsidiary of Famar, the deal also includes Famar Properties
CapMan to buy majority stake in Swedish firm PDS Vision
Deal will see minority shareholder Arctos Equity Partners exit the business
Promentum sells Danish AI business Grazper to Yokogawa
Danish venture capital firm exits the business after having invested in it in 2016
Gro acquires majority stake in Danish company Queue-It
Deal is Gro Capital's third investment from its GRO Fund II, a €255m vehicle
Blackstone to continue preparations to acquire NIBC
Blackstone's offer comprises 995 euro cents per share, including the final dividend of 33 cents
Waterland to buy Direkt Gruppe
GP will acquire the IT and business consultancy group subject to competition authority approval
Down2Earth replaces Gimv as majority stakeholder in Grandeco
Gimv first bought the business 13 years ago and will remain a minority shareholder
KKR buys Viridor from Pennon in £4.2bn deal
Enterprise value of the company equates to 18.5x its adjusted 2018/19 EBITDA of £225.4m
Active Capital buys Delta Coastal Services
GP deploys capital from Active Capital Company Fund IV, which closed on €85m in September 2019
Viridor/KKR shows sponsor route to waste opportunities in Covid-19 market
Waste management, and particularly energy-from-waste, is fast becoming an area of heated dealflow