CEE
Mid Europa sells minority stake in listed Waberer's
Transaction also includes a call option for trade buyer Indotek for the GP's remaining 47.99% stake
Enterprise Investors buys remaining stake in Pan-Pek
GP has acquired the remaining 35% in the company, having bought a 65% stake in the company in May 2018
Levine Leichtman Capital Partners Europe II closes on €463m
Fund has already completed one investment and has two additional deals under contract
Pictet launches technology-focused fund-of-funds
Vehicle is the GP's first sector-focused fund-of-funds and will also make direct and co-investments
Permira-backed Allegro lists with market cap of €9.8bn
Allegro intends to use the proceeds, alongside a new credit facility, to repay its existing debt
Mediterra acquires majority stake in Turkish fintech PayCore
GP typically makes equity investments of around €20m and currently has 30 portfolio companies
Abris acquires Apaczka from 21 Concordia
21 Concordia bought a minority stake in the Poland-based e-commerce logistics business in 2017
Sella holds €30m first close for debut VC fund-of-funds
Vehicle targets European, US and Israeli VC funds that invest primarily in early-stage rounds
Co-investment: get out or double down?
While some LPs could be overexposed to troubled sectors, others could up their game and deploy into opportunities arising mid-cycle
White Star holds first close for $30m Digital Asset Fund
Fund invests in blockchain-enabled businesses at each layer of the tech stack, with a focus on Europe and the US
European Circular Bioeconomy Fund holds first close
European Commssion-backed fund is targeting €250m and aims to hold a final close by August 2021
Arcano Secondary Fund XIV launches with €300m target
Fund will invest in mid-market buyout and growth capital vehicles across Europe and the US
Providence launches leadership transition plan
Noell and Phillips are appointed as co-heads of North America, while Tabet and Tisdale become co-heads of Europe
Highland Europe launches $706m Technology Growth IV
GP held a final close for Highland Europe Technology Growth III in June 2018 on €463m
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
VC Profile: VNV Global
Managing director Per Brilioth discusses portfolio company Voi, seeking network effects and investing in companies at the idea stage
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
PE-backed Allegro announces intention to float
Poland-based e-commerce platform backed by Cinven, Permira and Mid Europa reportedly aims for €10-12bn valuation
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
J&T eyeing CZK 1bn initial close for J&T Investments fund
Fund has an open structure, enabling investors to subscribe or redeem any time
Bridgepoint Development Capital IV hits £1.5bn hard-cap
Fund exceeds its £1bn target after around eight months on the road, Unquote understands
FIEE holds €127.5m first close for second fund
Fund targets the energy efficiency, renewables, lighting, co-generation, pollution control and smart city sectors
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
