CEE
LSP launches €150m fund dedicated to dementia treatment
Vehicle invests in companies that are developing drugs for neurodegenerative diseases
Covid-19 impact expected to be more severe than GFC – survey
Almost all Dechert survey respondents expect distressed deals to increase, while 82% cited more deal delays as an ongoing effect
Learn Capital leads $80m series-D round for Brainly
Funds from the round will be used to bring new products to the Brainly community
29% of LPs have decreased interest in emerging managers – survey
Placement agent Eaton Partners’ latest LP Pulse Survey collected responses from 61 LPs globally
D1 leads €150m round for Bolt
Bolt will use the funds to enhance the safety and quality of its products as it grows in Europe and Africa
AlpInvest closes seventh secondaries fund on $9bn
ASP VII is a dedicated secondaries investment programme focused on fund interests and GP-centered investments
Waterland VIII holds final close on €2.5bn hard-cap
Three-month fundraising process was conducted entirely remotely, the GP said in a statement
Mid Europa to acquire Sage Group's Polish business
Software business is valued at £66m and the sale process saw interest from a number of sponsors
Q3 Barometer: Green shoots emerge
Aggregate value of deals was noticeably up in Q3 as the reopening of debt markets boosted transaction sizes
Enterprise Investors to carve out Software Mind from Ailleron
GP will deploy equity from its Polish Enterprise Fund VIII, which held a first and final close on €498m
Wellington Hadley Harbor III closes on $1.8bn
In addition to the capital raised, the fund also has access to up to $400m from co-investors
Black Sea buys dental clinic operator DigiRay
GP is investing from its maiden fund, which held a first close on €43m in 2018
Scale Venture Partners Fund VII closes on $600m
Fund targets software startups, with a special focus on cloud infrastructure, cybersecurity and AI
TriSpan Opportunities Fund II holds first close
Fund focuses on investment opportunities in the lower-mid-market across North America and Europe
Kartesia in €32m refinancing for Enterprise-backed Nu-Med
Enterprise Investors acquired a minority stake in the oncology company in 2013
Abris Capital buys Scanmed for PLN 340m
GP invests in the company via Abris CEE Mid-Market III, which held a final close on its €500m target in 2017
SR One set to deploy $500m fund following GSK spin-out
CEO Simeon George tells Unquote that the firm is seeing early-stage and later-stage opportunities
Andreessen Horowitz raises $4.5bn across two funds
VC raises $1.3bn for its seventh early-stage fund and $3.2bn for its second growth fund
HIG Europe Capital Partners III closes on €1.1bn
Fund invests in buyouts, recapitalisations and corporate carve-outs of European businesses
GSK spinout SR One closes $500m debut fund
Biotechnology-focused vehicle will invest in Europe and the US, with GSK as cornerstone investor
Multiples Heatmap: average entry multiple hits 10.5x as dealflow recovers
The UK and Ireland was the hottest region for multiples in Q3, also seeing the largest increase in valuations of any region
Covid-19, oversubscribed funds fuel interest in early secondaries
Early secondaries are tipped to become more plentiful in the coming months, but market observers urge caution to mitigate potential pitfalls
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Speedinvest holds first close for Speedinvest x Fund 2
VC also announced the appointment of Tier Mobilty co-founder Julian Blessin as partner
