Deals
XAnge invests in Sunacare
XAnge makes early-stage investments of €500,000-8m in French and German companies
Causeway Capital buys Patisserie Valerie out of administration
Patisserie Holdings plc sold Patisserie Valerie and a smaller subsidiary for a combined ТЃ13m
Astorg inks first US deal with Anaqua
GP uses Astorg VII, closed last month on €4bn, to acquire a stake in software developer Anaqua
CM-CIC, BPI France back Hardis Group MBO
Up to 30 managers, led by Nicolas Odet and Yvan Coutaz, acquire stakes in Hardis
QuattroR backs Trussardi
QuattroR invests via its €711m fund, which targets companies in temporary financial distress
NPM Capital backs Suitsupply
NPM recommits to Netherlands-based fashion chain Suitsupply, having backed it in 2017
VC firms back €4m series-A for Kreatize
Fresh capital will be used to expand the platform and improve data evaluation methods
BluGem sells DMC Group to Lion Capital
Sale ends a three-year holding period for BlueGem, which bought the company via its тЌ370m second fund
Ardian sells Citoxlab to trade in €448m deal
Sale price implies a 13.8x pro forma EBITDA multiple, based on Citoxlab’s latest results
True rescues portfolio company TyresOnTheDrive
GP previously invested in the tyre e-commerce business, which entered administration in January
Bowmark close to £100m take-private of Tax Systems
Offer represents a premium of 20.3% on the average 91.4 pence per share in the past 12 months
Star Capital acquires ASL Aviation Holdings
Star Capital plans to wholly acquire ASL, which has been profitable every year since inception
Sofinnova et al. invest €20m in Afyren
France-based biotech business Afyren plans to commercialise its products in 2020
Beringea leads £2.4m funding round for DeepCrawl
Funding will enable DeepCrawl to further consolidate and expand its presence in the UK and the US
Accel in $30m series-B round for Chainalysis
Chainalysis has previously raised funds from Techstars, Point Nine Capital, FundersClub and CVP
RCapital backs AirHop MBO
Trampoline parks operator is to open five new sites in Germany and two in the UK
EQT sells 20% of IVC to pension funds
Deal reportedly values the company at ТЃ2.6bn, affords EQT more time before a future IPO
HTGF in seed round for 8sense
Beurer Group invested in 2018 and HGTF was joined by Thieme Group and a business angel in the round
Iris leads €20m series-B for Virtuo
Balderton and Raise also take part in the round, which will fund the car rental firm's UK expansion
VCDE, Time for Growth sell Brille24 to Essilor
Time for Growth invested in international expansion and technology over the holding period
Alantra backs Frías Nutrición
GP is investing from Alantra Private Equity Fund III, which held a €450m final close in 2017
Target Partners leads $3.1m seed round for Corrux
Software provider is operating some pilot projects with construction companies in Germany
Panoramic backs management buy-in of PCS
GP is currently investing from its second fund, which writes equity cheques of ТЃ1-5m
US healthcare funds buy Moberg Pharma's OTC business for $155m
Purchase price represents a 14.1x entry multiple for the investors and is 3.3x the groupтs revenues