Benelux
Sofindev backs Mabo-Lifting
Sofindev is investing in forklifts specialist Mabo-Lifting via its Sofindev IV fund
L-Gam closes second fund on €772m
Launched in mid-2018 with a €650-750m target, L-Gam II held its final close in December
PGB mandates Aberdeen Standard with €500m
Partnership would be structured as a fund-of-one, with ASI co-investing in each fund
Apax sells Exact Software to KKR
KKR makes the investment through its long-term capital programme, Core Investments
Unquote Private Equity Podcast: Crypto craze
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team decodes the intricacies of securitised token offerings
Waterland to sell Verbraeken to Andera – report
Sale values the business at more than €100m, according to Belgian publication De Tijd
Large-cap deals turbo-boost Benelux buyout market
Deals valued at more than €500m reached a post-crisis peak last year, even setting aside Carlyle's €10bn AkzoNobel carve-out
Secondaries in Private Equity
Unquote analysis of the secondaries market is now available for download
XAnge leads $3m investment in Sweagle
Unnamed US-based enterprise software company also invests in the round alongside XAnge
Multiples Heatmap: winter cooldown across Europe
Latest Multiples Heatmap, published in association with Clearwater International, is now available to download
Convent, Nedvest sell Cirex to trade
US-based Signicast acquires the company to expand its customer base and market penetration in Europe
Riverside backs E&A Scheer MBO
GP buys Rum blending specialist E&A Scheer while Blackrock and Rabobank provide financing
PG Impact Investments holds $210m final close
Firm is independent but has access to Partners Group’s infrastructure, expertise and resources
NPM Capital backs Suitsupply
NPM recommits to Netherlands-based fashion chain Suitsupply, having backed it in 2017
BMO holds fourth close for co-investment fund on €95m
Fund was announced in February 2017 and is expected to hold a final close by the end of March
Unquote Private Equity Podcast: Dual speed ahead
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team navigates the bifurcation in private equity fundraising
Main Capital exits Roxit to PE-backed Visma
Sale ends a four-year holding period for Main Capital, which invested via its third and fourth funds
Value Enhancement Partners buys Frimex in SBO
Frimex was acquired by Mentha Capital in 2014 in a carve-out from Dutch firm TBI
Avedon promotes two in Amsterdam office
In addition to these promotions, Avedon plans to hire more professionals to expand the team
US investors eye European first-time funds
Maiden fundraises are maintaining momentum, with US institutional investors increasingly drawn to such vehicles
Baltisse buys House of Talents from Sofindev
Recruitment company House of Talents tripled its revenues under Sofindev's ownership
Q4 Barometer: European deal volume sets new annual record
Despite a slowdown in the final quarter of the year, private equity activity reached an all-time high over the course of the year
VC-backed Sequana Medical sets IPO price range
Offer range of €8.50-9.00 gives the medical equipment maker an implied market cap of around €120m
Battery Ventures invests $29m in Guardsquare
Battery Ventures invests for a majority stake in the mobile security software app developer