Investments
Deal in Focus: TSG invests in BrewDog
Scottish brewer's owners have been critical of craft breweries selling to trade buyers, raising questions surrounding the GP's exit strategy
Strong start in CEE for second year running
Region registered 10 deals in Q1 for the second year running, though 2016 saw deal volume halve in H2
Deal in Focus: Bain and Cinven to take Stada private
Acquisition of German pharmaceutical company would be the largest buyout ever recorded in the country
Nordic buyout market off to slow start in 2017
Buyout volume in Q1 was slowest start to a year since 2013, while Q1 exit figures were at their lowest first-quarter level since 2011
French dealflow hit record high in 2016
After years of failing to exceed UK dealflow, the country finally clinched the top spot of the European league table in buyout volume
Insurtech puts a premium on technology
PE and VC players turn their attention to the insurance space as fintech's next scalable disruption opportunity
Steady growth driven by smaller deals in Benelux
The Benelux region recorded a fourth successive increase in buyout volumes, thanks to strong activity in the smaller size brackets
Italy's aggregate value soars in 2016
Despite a slight dip in deal volume, Italy witnessed a 38.3% increase in aggregate value terms in 2016
Short-term consumer boost eases probable Brexit fallout in UK
Inflation, wage stagnation and trade uncertainty threaten the UK and Irish private equity markets post-Brexit
DACH proves its value with highest volume increase rate in 2016
Buyout activity in the DACH region witnessed the highest increase rate in deal volume across Europe in 2016
Iberia continues resurgence despite political drama
Positive macroeconomic outlooks, coupled with plentiful debt and renewed international interest, have nullified the effects of political instability
Aggregate value drops as Nordic assets look to public markets
Private equity firms are battling with stock exchanges for the affection of businesses in search of capital in the Nordic region
Larger deals underpin solid CEE performance
The appearance of larger buyouts drives values up and highlights growing maturity in the region
European entry multiples rise to 10.2x in 2016
CEE, southern Europe and the Nordic region drive average price increase, while UK valuations drop
Deal in Focus: Ardian to take majority stake in Prosol
French hypermarket group reportedly valued in the region of €1bn, with existing investors remaining as minority backers following completion
Dino Polska IPO could revive public exit route for PE in CEE
Public market exit route has been in decline for central and eastern European private equity since its 2013 post-crisis peak
Chinese investors bring exit opportunities but inflate entry prices
Research reveals GPs are noticing an increased appetite from Chinese backers for European assets
GPs and non-execs: Partners through thick and thin
Recent reports have questioned the logic behind appointing NEDs to portfolio companies, though there is little sign of GPs changing their approach
Portugal boosts southern Europe's 2016 resurgence
Recent uptick in the country's buyout activity mirrors similar investor appetite seen five years earlier in Spain
Kima-backed startup Heetch in limbo following court verdict
Ride-sharing app is deemed to be enabling unlicensed taxi operation by its users
Natixis hires two in Milan
Investment bank boosts its coverage and M&A branch in Milan with two senior appointments
UK consumer deals slump as GPs heed Brexit warnings
Strong consumer spending figures in the months following the EU referendum have not translated to increased PE investment in the sector
Quiet start to 2017 for DACH buyouts following Q4 flurry
Number of large German deals saw the DACH region outpace its European neighbours at the end of 2016, in terms of aggregate value
DACH GPs hunt for value following fundraising bonanza
With strong fundraising activity in the region, GPs must now find value in a challenging market