Industry
Sun European names new healthcare managing director
Sun recruits Mark Braganza, a former partner at GHO Capital, to spearhead its push into healthcare
Valuations rising as food & beverage whets PE's appetite
Within the space of a year, average pricing in the space has increased by 2.2 turns of EBITDA, research by Clearwater and Unquote shows
H&F increases Zooplus take-private offer
Increase from EUR 3bn to EUR 3.29bn follows competing takeover interest from EQT and KKR
CVC acquires secondaries specialist Glendower Capital
Strategic partnership comes four years after Glendower completed a spin-off from Deutsche Bank
Perwyn names le Huray as partner
Le Huray joins the firm from Hg, where he was an equity partner
UK remains priciest PE market in Europe
LTM average entry multiple for UK buyouts stood at 13.2x in Q2 - up by nearly two and a half turns of EBITDA year-on-year
Mobeus sells VCT business to Gresham House
Mobeus intends to focus on its UK small-cap buyouts business, including raising Mobeus Fund V
DBAG eyes Italian B2B industrials, services deals via local subsidiary
Deutsche Beteiligungs AG has established a Milan office, hiring Giovanni Revoltella as partner
EQT investors close share sale at SEK 370 apiece
Largest individual seller was EQT chair Conni Jonsson, who sold around 5.23 million shares for SEK 1.93bn
Carlyle backs European strategies with ESG facility
Credit facility is linked to targets such as board diversity and greenhouse gas emissions monitoring
Aurelius plans string of Italian acquisitions following office opening
Ideal targets will be family companies looking to be guided in their growth plans, new MD says
Triton appoints Paun as head of sustainable investing
Ashim Paun joins from HSBC Global Research and will assist with both investments and capital raising
British Private Equity Awards: last chance to vote
The public vote is coming to an end – pick your winners before 5pm tonight
Lifeline Ventures preps Helsinki Spac IPO
Lifeline is planning to raise approximately EUR 100m in proceeds via the Spac listing
Aurelius opens Milan office, hires Denza
Ludovico Denza joins Aurelius from Alvarez & Marsal's performance-improvement practice
CapMan takes ESG-linked facility for CapMan XI
Raiffeisen Bank International and Danske Bank have provided the capital call bridge facility
Forbion hires Novo Ventures' Lüneborg
Nanna Lüneborg will be responsible for Forbion's EUR 360m Growth Opportunities Fund I
Former Amazon exec Garambois joins Advent as operating partner
Xavier Garambois spent 18 years at Amazon and led the European consumer business from 2012 until 2020
Marlborough founder David Parker joins Axis Arbor
New debt advisory firm was launched last year and notably advised on the Deliveroo IPO
Unquote Private Equity Podcast: Climb in pricing persists
Following the publication of the Q2 2021 Multiples Heatmap, Unquote welcomes Clearwater's executive team to discuss pricing trends
Q2 Barometer: Robust Q2 performance bodes well for H2
The latest Unquote Private Equity Barometer, produced in association with Aberdeen Standard Investments, is now available to download
Multiples Heatmap: PE continues to pay ever more for assets
Deal multiples record a fifth consecutive quarterly increases to reach 11.8x in the second quarter of 2021
Golding opens Swiss office, hires Frühauf
Managing director Beat Frühauf will head Golding's Zurich office, joining from BNP Paribas Schweiz
No sign of summer holiday for PE as dealflow beats records
In June and July 2021, deal volume surpassed 2019's record by 13%, with aggregate value up by 33%