Deals
PHI Industrial exits Intimus
Sale ends a four-year holding period for PHI, which acquired the business via its second fund
3i sells Basic-Fit shares for £85m
3i Group sells down 3.7 million shares in Basic-Fit at a price of €30.5 per share
Literacy invests in Mountain Healthcare
GP introduces former Capita managing director Chris Sellers as new CEO and chairperson
Mandarin buys Ceramica Rondine
GP bought the company via Italcer, which was established in 2017 to pursue a buy-and-build strategy
VR Equitypartner backs Dr Neuberger
Founder Tobias Neuberger retains a majority stake in the company and will remain in his role
Rockpool backs BIMBO of BGF-backed Primrose
Online retailer of garden products generated EBITDA of ТЃ2.5m in its most recent financial year
VC firms back $30m series-C for Instana
Accel and Target Partners also take part in the latest financing, which brings the total to $57m
Abris exits Urgent Cargus to Mid Europa
Exit ends a five-year holding period for Abris, which acquired the firm with its second buyout fund
P101 invests €1.5m in Wonderflow
GP deployed capital from its Programma 102 fund, launched earlier this year with a €120m target
Adara Ventures leads €13m series-B for Stratio
Stratio will use the fresh capital to finance its international expansion in CEE and the UK
New Science Ventures et al. inject €24m in Isorg
Previous and new investors back Isorg to support the commercialisation of its products
Fund+ leads €21.3m series-B for Minoryx Therapeutics
Several previous backers and new investors SFPI, SRIW and Sambrinvest also take part in the round
Capiton buys AEMTec for €86m
Purchase price amounts to €86m and will increase Exceet's net cash position to €105m
Initiative & Finance exits Akanea to trade
GP exits investment in software publisher having bought a majority stake in 2013
OpenGate sells Nakan to trade
Buyer Westlake Chemical Corporation is expected to pay around $265m in cash for the asset
Toscafund leads €33m series-C for Liqid
Existing investors Project A, HQ Trust and DvH Ventures also take part in the latest financing
Apollo partially exits Evo Banco
Deal does not include the sale of Evo Finance, the group's financial arm in Spain
Zouk injects up to £13m into EO Charging
Initial investment in EV charging point company will fund recruitment and product development
Ardian backs Clever Age in OBO
Ardian acquired a minority stake in France-based Clever Age via a €2.5m investment in 2015
Verdane exits Scanacon to Alder
Deal marks the end of a six-year holding period for Verdane, which acquired Scanacon in 2012
Lightspeed leads series-A for Candis
Investment is the first German deal completed by Silicon Valley-based Lightspeed
Columbia and Top Tier in $40m round for Contino
UK-based IT consultancy will pursue bolt-on opportunities and continue its international expansion
Valar et al. inject €20m into Qonto
Valar, Alven Capital and the European Investment Bank (EIB) back digital bank Qonto
Blackstone exits Versace to trade in €1.83bn deal
Blackstone sells 20% stake in high-end, Milan-based fashion brand Versace to Michael Kors