Benelux
Advent and Lanxess form EUR 3.7bn polymers JV with Royal DSM carve-out
Buyers pay EUR 3.7bn for DEM; the new unit has sales of over EUR 3bn and EBITDA of EUR 500m
Bain acquires majority stake in Naxicap-backed House of HR
Naxicap will continue its 10-year ownership period, retaining a minority stake in the HR services group
Goldman Sachs AM beats sponsors to buy Norgine
Buyer's PE arm competed with Bain and Cinven in the auction second round
IK to sell 2Connect in SBO to Rivean
Management of the Dutch cable and connectors manufacturer will reinvest in the transaction
EMZ in final stretch of EUR 1.2bn EMZ 10 fundraise
EMZ 10 held a first close in excess of EUR 800m earlier in May and continues to seek new LPs
Argos Wityu appoints head of ESG
Jessica Peters joins the sponsor’s Brussels office to further integrate ESG into the GP and its portfolio companies
Equistone files seventh buyout fund
Equistone VI was 61% deployed as of December 2021 and has made 26 investments to date against the 25-30 deals it can make
Tikehau, Unilever, Axa form EUR 1bn impact fund
Each party has made a EUR 100m commitment and the agriculture-focused fund is now open to new LPs
Schroders gears up for new VC fund-of-funds
Schroders Capital Private Equity Global Innovation Management XI has been registered in Luxembourg
Ergon holds EUR 800m final close for Fund V
New EUR 800m fund is almost 40% larger than its EUR 580m, 2018-vintage predecessor
QPE backs MBO of Republic M!
The buyout of the British commercial services outsourcer is QPE's seventh platform deal under its maiden fund
Naxicap preps for Fund III with eyes set on DACH, Benelux expansion
Sponsor expected to hit the road “soon” for its new EUR 1bn-plus small mid-cap buyout fund
Endeit Capital extends third fund to EUR 303m
Fund's EUR 250m 2021 final close has been extended by commitments from the KfW and existing LPs
Silverfleet to exit STAXS in trade sale
Sale of Dutch cleanroom consumables distributor to Haniel-owned CWS Cleanrooms will deliver a 6x money multiple for the sponsor
Opportunity Partners shops Beelen.nl in Rothschild-led sale
Dutch demolition services provider will be marketed off around EUR 20m EBITDA, with IMs expected to be distributed imminently
WeTransfer sponsor to revisit exit plans later this year
Owner Highland Capital could opt for private sale as choppy market conditions make IPO more difficult
Main sells LOCATIQS to PE-backed Sogelink
Owned by Keensight, the combined group will have around EUR 120m revenues and will seek further acquisitions
Stirling Square gears up for fifth fund
Fund registration comes just over two years after the EUR 950m final close of Stirling Square IV
EQT sets Fund X hard-cap at EUR 21.5bn
GP is also on the road for funds including its EUR 4bn, impact-focused EQT Future Fund
Main sells Obi4wan to PE-backed Spotler
Exit to CNBB portfolio company Spotler Group ends a holding period of almost six years
The Bolt-Ons Digest – 19 April 2022
Triton's All4Labels; Committed's MR Marine; Goldman Sach's Advania; Main Capital's Perbility; and more
Buyout groups circle Trivium Packaging auction
Owners OTPP and Ardagh requested non-binding offers last week after distributing sale materials in March
Convent Capital holds first close for Agri Food Growth Fund
Growth capital vehicle will invest EUR 5m-EUR 20m per deal and has made its first investment
Parcom prepares insurance provider TAF for exit
Parcom acquired a majority stake in the Netherlands-based business in December 2018