Benelux
Parcom in talks to acquire Equistone's Group of Butchers – report
Mergermarket reported that the original sale process fell through as the pandemic took hold
Blue Horizon leads €47m series-B for Mosa Meat
Company will use the financing to develop an industrial production line, expand its team and introduce its products on the market
PE firms more bullish than corporates on distressed M&A – survey
Of the PE firms surveyed, t4% cite distressed/turnaround opportunities as a major motivation for acquisitions
Unquote Private Equity Podcast: Allocate 2020 special
The Pod discusses our upcoming LP/GP conference, Allocate, touching on illiquidity solutions, secondaries, and ESG
Evolution Equity on the road for second fund – report
New York-headquartered venture capital firm held a final close for its debut fund in 2017 on $125m
Novo, Sanofi lead $83m round for Lava Therapeutics
Corporate venture firms were joined by new and existing investors, including Gilde Healthcare
TIIN acquires Lantech to merge with Felton
TIIN Capital set up a fund to finance its plans, named Dutch Security TechFund, which held a first close on €25m
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 €2bn
Bridgepoint Development Capital IV hits £1.5bn hard-cap
Fund exceeds its £1bn 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