Deals
General Atlantic enters exclusivity for £950m Argus buyout
Deal would value the business at 20x EBITDA, according to reports
Pamplona-backed Beacon acquires Ascendos
Portfolio build-up will enable Beacon Rail Leasing to expand its fleet of locomotives
Siparex backs Berkem with €10m of mezzanine
Vegetal chemicals specialist will use the funds to acquire a new industrial site
Digital+ Partners backs Orderbird’s €20m series-C
Orderbird will collaborate with wholesaler Metro and aims for expansion into France
Evaneos raises $21m series-C from Serena, BPI et al.
Latest funding round brings total amount raised by French start-up to $28m
Endeavour et al. lead $25m series-D for Endostim
Endeavour Vision led the funding round alongside Gimv and Wellington Partners
Capiton exits Nora to ICG
Capiton sells the business after nine years of ownership to ICG and management
Altor sells SEK 222m block of Dustin shares
Since SEK 3.8bn listing in February 2015, the GP has reduced its shareholding from 34% to 15%
Deal in Focus: Norvestor defies oil & gas downturn with HydraWell
Oil well integrity company, which will expand internationally, has enjoyed growth against a backdrop of oil price volatility and investor concerns
Keensight merges Tecres and Aap Biomaterials
As part of the deal, French GP bought Aap for €36.6m and invested in the new holding company
Weaveworks raises $15m series-B from GV and Accel
Weaveworks creates software tools for managing, monitoring and securing containers
Isai and Ventech exit StickyAds.tv in €96m deal
Paris-based advertising firm claims 150% year-on-year growth
Montagu acquires FSP from August
Funeral services provider will continue expanding through bolt-on acquisitions
Fondo Italiano acquires 30% of Ligabue from Alcedo
Alcedo exited its 40% stake to the GP and founding Ligabue family, which acquired the remaining 10%
Springwater buys Pullmantur and CDF
Deal marks fifth acquisition from Springwater across Royal Caribbean Cruises’ portfolio companies
Principia buys 49% stake in Rigenerand for €8.7m
Deal marks the fourth transaction for the Principia III-Health venture capital vehicle
Priveq’s NRI bolts on KGC Verktyg & Maskiner
Bolt-on is the first acquisition made by NRI since it was acquired by Priveq in 2012
PE-backed Polynt and Reichhold merge
Investindustrial and Black Diamond will retain a combined majority stake in the new group
Steel pipes maker Vallourec raises €1bn from BPI et al.
Company will use funds to restructure and refinance activity after financial troubles in 2015
CDC and Mubadala take minority stake in Galileo Education
Investment will help support activities of French subsidiary Studialis
Orlando buys Innight from TNT Express
Spinout of German business Innight follows the acquisition of TNT Express by Fedex
PAI in €725m deal to acquire Ethypharm from Astorg
Deal comes nine years after Astorg acquired a 60% stake in the company via the Astorg IV fund
Relayware raises $11m in round led by Amadeus
Company will use the funds to accelerate its US expansion
HgCapital buys legal software firm STP
HgCapital acquired STP via its £380m Mercury Fund, which focuses on software and tech