Benelux
Sagard NewGen holds first close for €300m first fund
Fund invests in majority and minority stakes of European companies with revenues of up to €150m
HIG European Capital Partners III sets target on €1bn
GP is also fundraising for HIG Europe Middle Market LBO Fund, which has a target of тЌ2bn
Bridgepoint Development Capital IV hits £1.5bn hard-cap
Fund exceeds its ТЃ1bn target after around eight months on the road, Unquote understands
TCV leads €90m series-B for Mollie
Company intends to use the fresh capital to further boost its expansion and broaden its product offering
FIEE holds €127.5m first close for second fund
Fund targets the energy efficiency, renewables, lighting, co-generation, pollution control and smart city sectors
Waterland's Enreach bolts on HeroBase
Prior to the add-on, Enreach reported revenues of €50m following several bolt-ons completed in 2019
Borromin-, Kempen-backed Wilvo acquires GFM
Borromin (then Steadfast) and Kempen acquired the Netherlands-based metal parts producer in 2019
Muzinich Pan-European Private Debt II holds €210m first close
Fund provides capital to lower-mid-market companies to fuel their growth and finance their expansion strategy
Summit Partners invests in CluePoints
Company plans to use the fresh capital to boost its growth and expand its international presence
Multiples Heatmap: pricing ticks up as GPs flock to safe assets
Although dealflow was severely impacted by Covid-19 in Q2, average entry multiples actually went up given the scarcity of attractive opportunities
Main Capital sells Denit for €20m
Uniserver will wholly acquire the company, while founder Dennis Bruin will also leave permanently
GP Profile: Egeria
Hannes Rumer, a partner in Egeria's new Munich office, discusses the GP’s strategy and deal pipeline for the DACH region
Mentha Capital acquires Rapid Circle
Deal is the GP's second of 2020, following its sale of Ardena to GHO Capital Partners in January
Patrimonium and co-investors sell Fixatti to trade
MBO of Schaetti Group took place in 2013; the company was rebranded as Fixatti in 2018
Panakes to launch €120m second fund within months
VC expects to start raising capital by the end of the year and hold a first close in H1 2021
Waterland backs consulting company Moore Belgium
GP intends to support the company in accelerating its growth and strengthening its position in the Belgian market
Q2 Barometer: Coronavirus ravages European M&A market
After the first effects of the Covid-19 crisis were felt in March, the European private equity market decelerated sharply in Q2
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
HSBC Vision Private Equity 2020 closes on $260m
Fund targets a variety of private equity opportunities, from primaries and secondaries to direct co-investments
OakNorth Bank provides fund facility to BlueGem
Key investors include Glendower Capital, Blackstone's Strategic Partners and BMO Global Asset Management
Gilde's Raak Metals buys Stolwerk Metaal
Add-on is the first since GIlde Equity Management bought a majority stake in Raak in February 2020
NPM Capital's Bergman Clinics buys Van Linschoten Specialisten
Add-on comes after Mergermarket reported that the sale of Bergman had been suspended in March 2020
ICG launches second recovery fund
Second vehicle will be larger than its predecessor, which closed on тЌ843m in March 2010
Axon launches €150m fourth innovation growth fund
Fondo Axon Innovation Growth IV acquires minority stakes in technology businesses with high-growth potential