GPs
The Bolt-Ons Digest – 13 July 2022
Unquote’s selection of the latest add-ons with Ardian's Aire, Kester's Rephine, Arta/KKR's Alvic, Capiton's Dec Group, and more
CapMan exits Fortaco, buys Netox
Sale marks final exit from sponsor's eighth buyout fund; Netox deal is sixth investment via eleventh
Corporates best placed for autumn IPO window as sponsors sit out
GPs expected to continue to ditch listings in the short term in favour of sale exits, longer holding periods
Adagia in exclusivity to buy Motion Equity's Minlay
GP beats out Apax, Naxicap in auction final round; deal marks second transaction from its debut fund
Deft deployment, creative exits drive PE agenda into H2 2022
Take-privates, bolt-on opportunities and demand for resilient healthcare and technology assets offer hope for challenging second half of the year
Waterland invests in tax and audit advisor Cooper Parry
GP is deploying capital from Fund VII, where many other business support services companies sit
Levine Leichtman Capital appoints head of Europe
Promotion of Josh Kaufman comes as GP looks to grow its nascent German investment capabilities
Inflexion promotes two new partners
GP makes series of promotions and appointments following GBP 2.5bn fundraising earlier this year
Earlybird names three new Digital West partners
Andre Retterath and Paul Klemm are existing team members, while Vincenzo Narciso joins from Px3 Partners
Acton Capital holds Fund VI first close, expands investment team
VC firm has hired Sophie Ahrens-Gruber in Munich and appointed Hannes Gruber as partner in Vancouver
Women lead push for diversity in PE, M&A
Supporting diverse hires and leadership, as well as opening up networks, remain key
VC Profile: Octopus backs pre-seed ecocystem with fresh fund
Fund is headed by Kirsten Connell and Maria Rotilu and has extended its hard cap to GBP 15m following a first close
Riverside appoints Höppner as chief sustainability officer
Dörte Höppner joined the GP in 2017 and will be responsible for its ESG initiatives globally
Palatine hires investment director from Mobeus Equity
Danielle Garland joins the mid-market sponsor's London buyout team
Record number of LPs to cut "new money" commitments – Rede Partners
Biannual LP sentiment survey also reveals that LPs are expecting a drop in distributions
Beech Tree nets 5.3x return on BCN sale to ECI
Buyer ECI nears full deployment on latest buyout vehicle ECI 11
Kester nets 8x on Avania exit to Astorg
Medical device CRO is Astorg's first healthcare deal from its EUR 1.3bn Mid-Cap fund
GP Profile: Ergon hones in on long-term trends, ESG agenda
The European mid-market sponsor is eyeing growing and resilient businesses with its EUR 800m Fund V
The Bolts-Ons Digest – 17 June 2022
Unquote’s selection of the latest add-ons with Holland's AMP, Triton's Kinios, Nordic's Sortera, Vitruvian's Sykes, and more
LDC hires ESG director from Deloitte
Alex Bexon will help the firm pursue sustainability commitments, such as net-zero operations, by 2030
Capcellence-backed Argo-Hytos to be sold to Voith
Trade sale follows Lincoln-led auction for Swiss hydraulic components supplier; Capcellence remains invested
Nexxus Iberia nets 4.2x on Bienzobas exit to trade
Sale of oncology group marks GP's second exit from debut fund; buyer Atrys pays 8.5x EBITDA
Gimv launches life sciences investment platform
Sponsor seeks to double portfolio and invest bigger tickets in drug development companies
Hg exits Medifox Dan to trade for EUR 950m, nets 4x return
Houlihan-Lokey led auction attracted large-cap sponsors such as BC Partners, Warburg Pincus and Permira