Industry
The Bolt-Ons Digest – 26 January 2023
Unquote’s selection of the latest add-ons, with ICG's Circet, Five Arrows' Mintec, Carlyle's Jagex, and more
Travers Smith names new head of PE and financial sponsors group
Lucie Cawood's appointment follows poaching of Ian Shawyer by Cleary Gottlieb earlier this month
German health minister’s 'locust sponsors' comments spook live healthcare deals
New entrants scared by remarks on limiting profits; existing investors expected to rush to complete bolt-ons
Ardian plans North American drive with tech, services deals on radar
French sponsor looks to more than double exposure to US and Canada when next flagship buyout fund launches
Q4 Barometer: deal count remains steady amid tough environment
The latest Unquote Private Equity Barometer, produced in association with abrdn, is now available to download
Flight to quality, impact investing to drive allocations in 2023 – HarbourVest
Asset manager’s investment team discusses secondaries and co-investment dynamics amid a challenging fundraising market
Podcast: The PE auction in times of exit scarcity
Rachel Lewis joins Harriet Matthews to discuss how auction process dynamics are changing against the current market backdrop
Waterland raises EUR 4bn for buyout and minority funds
Flagship fund closed EUR 1bn above predecessor amid a tough fundraising environment for midcap GPs
DBAG turns focus to proprietary dealflow as auctions slowdown
Valuations could cool off as debt availability tightens, German GP's partner Thilo-Anyas Koenig tells Unquote
EQT on track for 2023 final close for Fund X
GP has so far raised more than EUR 16bn for the vehicle against EUR 20bn target
Series A rounds likely bright spots in VC investing in Q1 2023 – KPMG
Energy security, ESG deals to continue apace, with consumer-focused businesses seeing most strain
Going, going, not gone: PE auctions bid for relevance amid risk-off environment
With a debt financing drought and macro woes denting exits, GPs are adapting the traditional M&A auction in favour of more flexible bilateral negotiations to get deals across the line
Montagu exits Maincare to state-owned Docaposte in off-market deal
Hospital software group considered "missing piece" in buyer's healthcare digitalisation strategy
Inflexion hires new head of financial services from Cinven
Andrea Bertolini to lead sector origination; Daan Gankema and Rob Dunnett join as directors in Benelux and Yorkshire
Partners Group sets fundraising guidance at USD 17bn-22bn
Private markets investor finished 2022 at the bottom of USD 22bn-26bn target for new commitments
KBW bolsters European investment banking team
Financial services bank promotes Alistair McKay to head; hires Alex Smith from Santander and Gonzalo Smolders from HSBC
DBAG sells Pmflex following trade approach
Pre-wired electrical installation conduits manufacture sold to Hager Group following a 2.5 year investment period
Cleary Gottlieb hires Travers Smith's Shawyer for M&A practice
Ian Shawyer spent 17 years with Travers Smith and has worked on mandates for GPs including Bridgepoint
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
Inflexion acquires minority stake in Proteros
Deal for German contract research organisation is the sponsor's third in pharma services in past 12 months
VGC on the road for GBP 150m fund; appoints former Nike exec
Brands-focused firm eyes first close for new flagship vehicle in coming months; Dan Rookwood joins as head of brand
Women in VC: FundingBox.vc's Cymerman on new fund plans and the power of networking
Deep tech investor could look to raise EUR 50m-plus for its next vehicle, co-founder Iwona Cymerman tells Unquote
GLP Capital Partners taps Kirkland & Ellis PE partner
Michael Steele to join investment manager in secondment likely to lead to permanent role, sources say
DBAG wraps up Fund V with Heytex exit
German sponsor sells textile manufacturer to Bencis Capital; 2006 vehicle returns over 2.5x to LPs after 11 exits
