Financing
Eurazeo's Albingia buys Circles Group
Albingia, acquired by Eurazeo in Q3 2018, acquires the special risk insurance provider
JP Morgan appoints new head of sponsors group
Woehrn's appointment comes as the organisation is seeking to grow its financial sponsors group M&A
Arkéa backs Sagesse Retraite Santé
GP Arkéa and insurance company Macif inject €75m into healthcare-focused holding SRS
IK Partners backs Recocash SBO
GPO acquires France-based debt servicing market specialist via €550m IK Small Cap II fund
Investec, SVB provide £50m NAV facility to Draper Esprit
Loan has a three-year term and carries an interest rate at the Bank of England base rate +6.75%
Pemberton opens Copenhagen office
Direct lending is gathering pace in the region as local banks begin to be constrained
European direct lending up 9% but turbocharged growth wanes
Rate of growth in alternative debt deals slows from 32% in 2017, according to Deloitte's Alternative Lender Deal Tracker
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Ciclad, BPI France et al. back Kyotherm
Fresh capital of €18m will help France-based Kyotherm to grow in domestic market and abroad
Nordic direct lending makes slow but steady progress
Private debt funds have been rapidly expanding their market share in corporate cashflow lending across Europe, but Nordic progress has been slow
Equistone hires four for investment team
Hubert van Wolfswinkel and Julia Brunswicker join the Munich office from Montagu and DBAG
Kartesia hires Mirante to expand in DACH region
Mirante joins from HIG Bayside and previously worked at BNP Paribas, Morgan Stanley and Rhône Capital
Secondaries leverage hitting record levels – research
Leverage now accounts for nearly 40% of the yearly secondary market value, says Triago
PE professionals struggling to meet higher GP commitments - survey
Trend is driven partly by an increase in fund size, but also LPs demanding more skin in the game
Fondazione Enasarco seeks new CIO
Unquote understands that Enasarco is seeking an external candidate to fill in the position
Investec hires DC Advisory's Arrowsmith
In his new role, Jonathan Arrowsmith will lead the firm's investment banking advisory offering
ECB lending guidelines turn one with little to celebrate
Volume of highly leveraged deals continues to rise, while aggressive adjustments on financial metrics follow suit
Valar et al. inject €20m into Qonto
Valar, Alven Capital and the European Investment Bank (EIB) back digital bank Qonto
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Penta-backed GRP buys Digney Grant
GRP’s Irish division Abbey Bond Lovis, a retail broking specialist, buys a majority stake
BNP Paribas launches UK SME lending fund
Fund will provide senior loans to SMEs with an annual turnover of less than £50m
Eurazeo sells Odealim to TA
Sale of insurance brokerage firm Odealim is expected to generate a money multiple of around 2x
BC Partners’ MCS Group bolts-on DSO
Debt management service MCS Group, backed by BC Partners since 2017, buys peer DSO Group
Private debt picks up steam in Italy
Debt fundraising activity has been vibrant in Italy in recent months with the launch of several vehicles
