Benelux
The Bolt-Ons Digest – 26 January 2023
Unquote’s selection of the latest add-ons, with ICG's Circet, Five Arrows' Mintec, Carlyle's Jagex, and more
Q4 Barometer: deal count remains steady amid tough environment
The latest Unquote Private Equity Barometer, produced in association with abrdn, is now available to download
Flight to quality, impact investing to drive allocations in 2023 – HarbourVest
Asset manager’s investment team discusses secondaries and co-investment dynamics amid a challenging fundraising market
Podcast: The PE auction in times of exit scarcity
Rachel Lewis joins Harriet Matthews to discuss how auction process dynamics are changing against the current market backdrop
Arcano holds EUR 450m final close for latest secondaries fund
With just under 50% deployed, the vehicle will split focus evenly between LP stakes and GP-leds
Waterland raises EUR 4bn for buyout and minority funds
Flagship fund closed EUR 1bn above predecessor amid a tough fundraising environment for midcap GPs
Going, going, not gone: PE auctions bid for relevance amid risk-off environment
With a debt financing drought and macro woes denting exits, GPs are adapting the traditional M&A auction in favour of more flexible bilateral negotiations to get deals across the line
Bellevue eyes Q1 2023 first close for debut secondaries fund
With USD 200m target, vehicle will primarily focus on USD 1m-30m LP stake deals
Partners Group sets fundraising guidance at USD 17bn-22bn
Private markets investor finished 2022 at the bottom of USD 22bn-26bn target for new commitments
Dyal raises USD 12.9bn for new fund with CVC, PAI stakes in portfolio
Blue Owl’s division exceeded target for fifth fund specialised in buying minority stakes in asset managers
Bregal Sagemount invests in Enhesa in third deal from new fund
Deal sees ICG exit minority stake in regulatory and sustainability intelligence group; CGE retains control
Hamilton Lane raises USD 2.1bn for fifth co-investment fund
Close comes at a time when challenging credit and fundraising markets are increasing GPs’ need for strategic capital sources
Equistone acquires BUKO Infrasupport and BUKO Waakt
Scheybeeck family office partially exits Dutch traffic and safety management businesses
Rede Partners opens Amsterdam office
Private capital adviser aims to grow its European footprint with first office on the continent
General Atlantic holds USD 2.6bn final close for debut climate fund
BeyondNetZero strategy has USD 3.5bn to deploy in total with additional firepower from the GP
Unquote Private Equity Podcast: 2023 - New year, new market?
Unquote and Mergermarket’s private equity reporting team discuss the past 12 months and what lies ahead next year
Private Equity Trendspotter: Sponsors look for sure footing as market slowdown signals change in deals landscape
Aggregate buyout volume brings 2022 just 6% above pre-pandemic dealmaking, with a significant sentiment shift in H2 2022
Munich Private Equity closes Fund IV on EUR 392m
Fund-of-funds investor will split deployment evenly between Europe and North America
Clearwater Multiples Heatmap: Valuations ease as PE deals slow down
After a record quarter, Q3 2022 sees sponsor transactions fall sharply amid challenging macro environment
Large LPs among most concerned about denominator effect – Coller Capital
As the stock market slump slows down their PE commitments, LPs are set to increase use of the secondaries market to balance allocations
AlbaCore Capital Group holds EUR 2.2bn final close for third flagship fund
Fund’s recent focus has been senior secured deals for companies seeking financing amid a tough credit market
Egeria to exit Ilionx in SBO to FSN Capital
Sale comes after a five-year holding period under the Amsterdam-headquartered GP’s Fund IV
Adams Street raises USD 1.1bn for 2022 Global Fund Program
Latest co-mingled vehicle is around a third larger than previous two programmes in the series
Carlyle hires advisers to explore DEPT sale in 2023
Morgan Stanley and Jefferies will guide GP on potential exit of Dutch digital agency
