Benelux
Adara launches second fund
Adara Venture Partners has started the fundraising process for its second fund, Adara Ventures II, with a target of $40m, according to a Form D filing with the US Securities and Exchange Commission (SEC).
Karmijn Kapitaal rescues MD Group out of bankruptcy
Dutch private equity house Karmijn Kapitaal has bought lingerie company MD Group out of bankruptcy, together with its former owner Marlies Dekkers.
Avedon holds final close on €190m
Avedon Capital Partners has closed its first independent fund, NIBC Growth Capital II, on €190m after two years on the road.
SS&C GlobeOp opens new Luxembourg office
Connecticut-headquartered fund administrator SS&C GlobeOp has opened a new office in Luxembourg.
Lion secures €900m amend-and-extend for HEMA
Lion Capital has completed a €900m amend-and-extend for Dutch retailer HEMA's senior second-lien mezzanine and PIK facilities.
Northcap and T-Venture back Veliq
Northcap and T-Venture have injected $9m into a series-B funding round for Veliq, a Netherlands-based mobility platform-as-a-service (mPaaS) creator.
CVC set to buy Campbell Europe
CVC Capital Partners has entered exclusive negotiations with Campbell Soup Company to acquire part of its European activities.
PMV backs Rapidfit
PMV has backed Rapidfit, a Belgium-based 3D printing specialist for the automotive industry, with a combination of equity and a subordinated loan.
Main Capital acquires Regas
Main Capital Partners has acquired a majority stake in Regas, a Dutch software-as-a-service (SaaS) provider for the mental health and wellbeing industry, via its Main Capital III fund.
3i-backed Element Materials secures financing from lenders
Element Materials Technology, a material testing and inspection firm backed by 3i, has secured additional financing from its bank lenders to boost its buy-and-build strategy.
Hummingbird backs $2.6m round for Engagor
Hummingbird Ventures has led a $2.6m series-A funding round for Belgium-based Engagor, a social media monitoring platform, as the company expands into the US.
Blackstone given all-clear to buy Multi Corporation
The European Commission has granted Blackstone the option to wholly purchase Netherlands-based Multi Corporation, a commercial real estate developer specialising in shopping centres.
VC-backed Profibrix sold to big pharma
Index Ventures, Gilde Healthcare Partners, Vesalius Biocapital and Inkef Capital have sold Dutch biotech firm Profibrix to The Medicines Company for a total consideration of $240m.
Benelux exit market lifts
Benelux
ING in talks with MBK Partners over Korean life insurance arm
Dutch bank ING is in talks with South Korean private equity firm MBK Partners over a sale of the bank’s Korean life insurance arm, according to reports.
Waterland sells SLG to Medica
Waterland Private Equity Investments has wholly divested its Belgian portfolio company Senior Living Group (SLG) to Medica, a France-based dependency care provider.
IK acquires Ampelmann
IK Investment Partners has bought a majority stake in Netherlands-based Ampelmann, a provider of motion technology systems and structures for the offshore energy sector.
Atlas leads €2.5m round for Harbour Antibodies
Atlas Venture has led a €2.5m funding round for Rotterdam-based Harbour Antibodies, an engineer of transgenic mice designed to produce high-affinity human antibodies.
Hogan Lovells hires team for new Luxembourg office
Law firm Hogan Lovells has hired two new partners, Pierre Reuter and Jean-Michel Schmit, to head its new Luxembourg office, which will open in the wake of the AIFMD transposition.
Special Report: AIFMD
Special Report: AIFMD
Gimv and Bencis pinch Punch's Xeikon
Gimv and Bencis Capital Partners have acquired a stake in listed Dutch printing business Xeikon from parent company Punch International.
Private equity on the road to recovery
Following a month of stellar exits, an uptick in buyouts and a record number of fundraisings, there is reason to believe private equity markets are turning a corner. Kimberly Romaine reports.
AIFMD adopted in Luxembourg
The AIFM directive has been adopted by the Luxembourg Parliament and will officially come into effect in the country’s law system on 16 July.
Newion exits Mirror42
Newion Investments has divested Amsterdam-based Mirror42, a provider of cloud-based IT intelligence platform solutions, to trade player ServiceNow.