Benelux
From PE darling to hard-hit sector: gyms face uncertain post-covid future
As gyms and fitness clubs across Europe gear up to welcome back consumers, Unquote explores their tricky path out of lockdown
Consortium in €20m round for Roamler
Investment will enable Roamler to internationally expand, starting with the UK and Germany
BlackRock and ApoBank launch healthcare fund
BlackRock-managed fund aims to give ApoBank's institutional clients access to healthcare investments
KKR to acquire Roompot from PAI
At the beginning of 2020, PAI hired Rothschild to sell the company for an expected valuation of €1bn
Fortino acquires majority stake in Sigma Conso
Fortino has acquired Sigma Conso alongside management to expand the company internationally
European fund closes slump by 42% amid lockdown
Unquote recorded 44 first or final closes of European PE funds between March and May, a 42% drop on the three-month average seen across 2019
Meta Change Capital launches €100m fund
Fund is dedicated to investments in blockchain companies across Europe, Asia, the Middle East and Africa
Vast majority of LPs satisfied with GP transparency – survey
Coller Capital's PE Barometer also reported LP concerns about forward-looking EBITDA add-backs
Secondaries players weigh up risk and rewards of "ring-fencing" deals
GP-led transactions isolating assets hardest hit by the Covid-19 crisis could appeal to adventurous secondaries players, but challenges abound
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Third of LPs put fund commitments on hold – survey
Brackendale Consulting survey also revealed that 62% would commit to a fund without a personal visit
Cerea to launch third buyout fund
Cerea also plans to launch its fourth mezzanine vehicle with a тЌ250-275m target next month
Elaia, BPI France in €21m series-C for iBanFirst
Fresh capital will be used to expand the company's financial services platform
Video: CPPIB's Delaney Brown on improved LP/GP relations
In the fourth of Unquote's Lockdown series, Delaney Brown, managing director of CPPIB, discusses improved GP/LP relations since lockdown began
Hg leads $30m series-B for Silverfin
Existing shareholders Pieterjan Bouten and Louis Jonckheere will leave the company
BB Capital buys majority stake in Infradax
Deal is the GP's second acquisition of 2020, following skin care clinic chain Cosmetique Totale
Ysios Capital raises €155m for third biotech fund
Ysios BioFund III provides financing to early- and mid-stage, highly innovative life sciences companies
Main Capital-backed Inergy buys Frontin
Acquisition of the Netherlands-based municipal financing software is Inergy's second add-on
Unquote Private Equity Podcast: Startups slow down
The Unquote pod asks, when will VC activity return to normal? And how will venture funds rebound in comparison to the previous GFC?
K Fund launches €70m second vehicle
Fund targets companies operating in the internet and mobile technology sectors
Francisco Partners raises $9.7bn across three funds
Funds target the technology industry, with a focus on software, financial technology and healthcare IT
Two thirds of PE professionals expect reduction in carry – survey
More than half of the private equity partners and directors surveyed also expect bonuses to reduce
Eurazeo holds €400m first close for France-China Cooperation Fund
Fund targets European companies with expansion and growth plans in the Chinese market
Torqx acquires Fabory
Grainger, the vendor of the company, mandated Rothschild to explore a sale process in November 2019