Investments
Deal in Focus: Carlyle sells Itconic to Equinix
Sale comes two and a half years after the GP acquired the business and is the first divestment for its third Europe-dedicated fund
Nordic buyers increase dependency on family vendors
H1 saw the number of PE-backed deals sourced from entrepreneurs reaching a three-year high
DACH region opening up for PE activity in veterinary space
Local regulations surrounding consolidation in the sector have held back PE investment but EU court rulings could bring opportunities
International backers fuel record-breaking H1 in Spain
Country's dealflow has reached the highest level in value terms ever recorded
Benelux activity picks up in first half of 2017
Following a slow H2 in 2016, dealflow in the Benelux region is on the up with Belgium in particular seeing increasing activity
Aerospace investments taking off for PE
As evidenced by the recent VistaJet and Pattonair deals, PE is increasingly looking at the aviation and aerospace sectors for opportunities
Corporate caution creating carve-out opportunities for PE
Political instability may trigger a raft of corporate divestments, from which PE could profit
Germany's new foreign investment rules raise challenges for PE
Government's adoption of an amendment giving it increased rights of scrutiny could require increased due diligence for private equity houses
Nordic market awakes from slumber
Trio of large-cap deals in June spark life into region's buyout market with dealflow more than doubling compared to the previous month
UK PE activity rebounds in H1 despite political turmoil
British buyout market witnessed a significant year-on-year increase in activity in the first half of 2017, despite political uncertainty
Deal in Focus: Ufenau reaps 6x on NRW sale
Divestment of building refurbishment company follows a tenure of less than three years
Investor influx drives southern European multiples upwards
Increasing global levels of dry powder are seeing international GPs setting their sights on southern Europe in search for value
Nordic Fundraising Report: dealflow, co-investments and the road ahead
In the final part of the unquote" Nordic Fundraising report, unquote" looks at the wider dealflow, lending and co-investment trends in the region
Average multiples remain stable at 10.2x in Q1
European valuations keep track with 2016, but drop slightly compared to Q4 2016
Deal in Focus: Terra Firma sells Infinis wind assets to JP Morgan
Sale of onshore wind assets follows a protracted 14-year holding period punctuated by numerous partial exits, an IPO and subsequent delisting
Deal in Focus: Starwood, L Catterton exit Baccarat in €164m deal
Starwood has been invested in the crystal glassware maker for 12 years, while L Catterton first backed the company in 2012
PEP, Equita join forces to launch SPAC
Vehicle aims to provide mixed debt-equity instruments to Italian SMEs on a deal-by-deal basis
Fostering growth in Belgium's private equity market
While Belgian private equity activity is traditionally quieter than in the Netherlands, the market still has room to grow
Brexit to boost European corporate carve-out activity, says Aurelius
Special situation investors are likely to be the biggest buyers, survey respondents said
Deal in Focus: Quadriga Capital sells M&R to PIA
Vendor sells its majority stake in the automation business after a holding period of less than two and a half years
Deal in Focus: Eurazeo buys Mondelēz confectionery arm for €157m
Following the deal, the company's international production will be relocated to France
Shot in the arm for DACH healthcare market
Consolidation opportunities in the mid-market fuel increased investment from private equity, with aggregate volume reaching a six-year high
Spain reaps highest value in Q1 since 2005
Spanish private equity firms deployed the highest volume of capital in 12 years during Q1 2017, with €4.7bn deployed
Benelux's packaging firms playing hard to get with PE
Failed take-private efforts by GPs have meant activity in the region has remained dominated by small-cap and lower-mid-market deals