Industry
Slice of pie: New entrants gobble up GP stakes in Europe
Armen, Hunter Point Capital, GP House and Axa IM rustle up new minority investments, as Inflexion and Coller sell
Clayton, Dubilier & Rice hires European ESG head from FTI Consulting
Hannah-Polly Williams is the second addition to the US PE firm’s ESG initiatives group in the past six months
GP Profile: Opera Investment Partners doubles fund size with EUR 200m target for next vehicle
Fund I ‘almost fully committed’ with one exit completed and two-three more realisations expected in the next 18 months
Germany’s DFL to collect NBOs for EUR 3bn media rights stake
Large-cap sponsors including Advent, Blackstone, Bridgepoint, CVC, EQT and KKR expected to bid today
Women in PE: Foresight’s Alvarez on SME deployment plans, regional expansion drive
Partner Claire Alvarez speaks to Unquote about opportunities in the current market and the UK-based sponsor’s diversity ambitions
Podcast: Q1 2023 - Bank runs, fund home runs and markets come undone
Unquote’s reporting team discuss themes that have arisen in Q1 2023, ranging from liquidity management to venture and growth activity
4Impact heads for year-end close for EUR 125m second fund
Founded by ex-Goldman Sachs team, impact VC firm has made one investment from its latest fund so far
Forbion raises combined EUR 1.35bn for venture and growth funds
Ventures Fund VI closes on EUR 750m and Growth Opportunities II on EUR 600m with both upsized by over 60%
Gilde Healthcare hits EUR 600m target for Venture&Growth VI
Fund is 50% larger than predecessor thanks to “loyal” LP base; seeks late-stage deployment in medtech, digital health and therapeutics
Houlihan Lokey poaches Nielen Schuman’s Theys to open up Antwerp office
Hire to cement Houlihan Lokey’s position in Belgium, which represents 30% of the advisor’s Benelux deals
GP Profile: Aurelius goes global with US expansion as it eyes new EUR 800m fund
German carve-out specialist is 18-24 months away from fundraising for its Fund V with EUR 750-EUR 800m target
Squire Patton Boggs hires funds partner from MJ Hudson
Rob Eke’s move follows Apex Group’s acquisition of several business divisions of asset management service provider
The Bolt-Ons Digest – 17 April 2023
Unquote’s selection of the latest add-ons with Triton's BFC Group, Seven2's Groupe Crystal, Palatine's FourNet and more
VC fundraising sinks further with lowest Q1 in a decade
Eight European firms secured just over EUR 2bn in commitments in Q1 2023 as continuing uncertainty suppresses LPs’ risk appetite, but fundraising pipeline looks promising
MCI Capital hires two new investment partners to expand team’s expertise
Tomasz Mrozowski and Pawel Sikorski joined the Polish firm over the course of Q1 2023
Houlihan Lokey hires new capital markets MD from Numis
David Kelnar told Unquote that the firm is seeing a growing pipeline of companies looking to fundraise
Hunter Point buys minority stake in Coller Capital
Proceeds from the deal will be invested into secondaries investor Coller Capital’s funds
Spending bottom dollar: Valuation gaps take Q1 buyout levels back to 2009
Sponsors make just 95 buyouts in Europe in the first quarter - a figure not seen since Sony sold 12m floppy discs in one year
PE roll-up strategies face regulatory heat with focus on consumer industries
With longer holding periods facilitating more bolt-ons, regulators including the UK's CMA are intervening
MJ Hudson business divisions acquired by Apex Group
Sale follows suspension of listed UK-headquartered asset management service provider’s shares in December 2022
DC adds to secondaries practice with former Mercury Global hire
Sabina Sammartino joins the investment bank around six months after its GP-leds team was launched
Inflexion sells GP stake to Hunter Point Capital
10% stake in UK-based midmarket sponsor is the first European deal for US-based GP stakes investor
VC Profile: Hi Inov in pre-marketing for next fund, outlines plans to wrap up Fund II investment period
France and Germany-based early-stage investor has made 15 of its up to 20 planned investments from its EUR 100m Fund II
GP Profile: Metric Capital confident of structured capital strategy demand with multiple exits in pipeline
UK-based sponsor banks on appeal of its strategy as an alternative to private equity and debt providers