Deals
Novo, HBM lead CHF 100m round for Numab
New investors in the round include Forbion, which is participating via its Growth Opportunities fund
TCV leads $150m series-B round for SaaS company Cognite
Shareholders in the company include Aker, Accel and TCV, with Aker owning a majority 50.5% stake
Macquarie buys Wavenet from Beech Tree
Macquarie intends to boost the company's growth and provide a renewed focus on strategic acquisitions
Eurazeo to ramp up divestments over next 24 months
Firm also expects fundraising to exceed the previous record of €2.9bn set in 2020
Alcedo exits Swisscare to Nahrin
Sale ends a five-year holding period for Alcedo, which acquired a 55% stake in Swisscare from its founders
CapMan Growth, Mandatum Private Equity invest in Sofigate
Institutional investors own a little less than one-fifth of Sofigate, while employees and company founder own the rest.
Palatine sells TTC Group to management
TTC had reportedly been affected by the lockdowns caused by the pandemic
EQT's Suse lists in €5bn IPO
GP acquired the open source software from listed Micro Focus for $2.535bn in 2018
IGI buys OME Group
GP invests in the company via IGI Investimenti Sei, which held a €170m final close in July 2020
Astorg, Bridgepoint buy Fenergo from Insight Partners
Media report values the business at $1.16bn, with the two GPs buying their stake for $600m
EQT's Suse sets share price for €5bn IPO
Listing of the open-source enterprise software business is expected on 19 May 2021
Endless's Enact carves out Jost's Edbro
Hydraulic cylinder producer is the third deal of 2021 from the GP's Enact strategy
BaltCap sells Ecoservice to PE-backed Eco Baltia
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m
General Atlantic leads €276m round for €2.6bn-valued Back Market
Round sees participation from Generation Investment Management, Aglaé, Eurazeo, Goldman Sachs and Daphni
Lindsay Goldberg sells Schur Flexibles to trade
GP acquired the packaging producer from Capiton in 2016 and will retain a 20% stake in the business
Exponent acquires Gü
Exponent said in a statement that the dessert producer has international expansion potential
Gro-backed Trifork to list in €400m IPO
Planned exit comes six years after software investor Gro Capital invested €6m in Trifork for a 20% stake
Warburg Pincus, Macquarie invest in Premier Technical Services
Macquarie Capital acquired PTSG in a take-private in 2019 and is reinvesting in the new buyout
Wise Equity invests in Selle Royal
GP backs the company via its fund Wisequity V, which closed on its €260m hard-cap in July 2019
KKR buys majority stake in ERM from Omers, AIMCo
Omers Private Equity backed the sustainability consultancy in 2015; the exit is valued at $2.85bn
Summa Equity to sell HyTest in €545m trade deal
Company in 2019 recorded SEK 299m in revenues and an adjusted EBITDA of тЌ15m
Oxy Capital backs GPack
Deal includes the restructuring of around €60m in debt and the injection of fresh funds, as well as managerial support
Screen Capital buys machine rental firm Tätab Hyrservice
Deal is in line with a generational change in ownership of TУЄtab, which was established in 1963
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe