PIPEs
Gatemore eyes larger stakes in listed SMEs as path to take-privates
With its first closed-end fund in the making, the activist investor will use larger stakes to drive value creation and direct small-cap targets towards PE sales
Allego to go public via merger with Apollo-sponsored Spac
Transaction values Allego at a pro forma equity value of USD 3.14bn, including a USD 150m PIPE
Permira makes EUR 1.9bn investment in Adevinta
Deal will see eBay decrease its stake in Adevinta as part of the acquisition of eBay Classifieds
Apollo makes first deal from Impact strategy
Apollo will launch a take-private bid for the recycled cardboard producer on completion of the deal
Inflexion completes €170m take-private deal for Infront
In January, the GP offered тЌ143m to take over the company, but later increased its offer to тЌ170m
VC-backed Wallbox goes public through $1.5bn SPAC merger
Transaction will result in proceeds of around $330m and will be completed in the third quarter of 2021
MusicMagpie lists in £208m IPO, NVM reaps 12x return
NVM generates proceeds of ТЃ72.5m from the exit and retains a 16.1% holding worth ТЃ33.4m
Investindustrial launches takeover for Guala
Minority shareholders GCL Holding and Peninsula Capital might try to block the takeover
One Equity Partners buys stake in Cicor Group
GP is to acquire a stake in the Switzerland-based circuit board producer from HEB Swiss Investment
Sofinnova, Ally Bridge lead $108m Mainstay round
Mainstay intends to use the funds to support the company's commercial launch of ReActiv8 in the US
Enterprise Investors completes PragmaGo take-private
GP plans to de-list the company from the Warsaw stock exchange "as soon as possible"
Inflexion launches €143m take-private bid for Infront
GP said its experience developing data and technology companies, along with an ability to provide access to additional capital, will contribute to the company's future development
Investindustrial to take control of Guala
Investindustrial plans to launch a full takeover offer for Guala, at €8.20 per share
EQT acquires 30% stake in listed company Beijer Ref
GP buys $1.1bn stake from air conditioner manufacturer Carrier Global Corporation
Motion Equity to take Olmix private
GP intends to launch a voluntary offer with the aim of de-listing the company by the end of 2020
EQT Public Value to acquire minority stake in BioGaia
GP is planning to acquire 8% stake in BioGaia for SEK 650m
PAI buys stake in Amplitude from Apax
Sale ends a nine-year holding period for Apax, which bought the business from Weinberg and Initiative & Finance
Paradigm Capital increases IES stake to 57.6%
GP previously owned around 20% of the listed education company
HLD to acquire majority stake in Microwave Vision Group
HLD will issue a public takeover offer following the expected deal completion at the end of 2020
Eurazeo to acquire EasyVista in €131m deal
Following the deal, Eurazeo will file a public offer targeting all remaining securities of the company
Carlyle acquires stake in Envea for €186m EV
Envea reported revenue of €100.4m and an operating profit of €14.7m in FY 2019
Kinnevik to sell 23.2% stake in Qliro to Rite Ventures
Deal will make Rite Ventures the largest owner of the Nordic e-commerce group
Cinven, KKR, Providence aim for €3bn Masmovil deal
Offer targets the entire share capital of Masmovil at a price of €22.5 per share
KKR revises conditional offer for Avida Finans
Subscription price per share has been reduced from NOK 33 to NOK 26