CEE
Cowen Healthcare Investments closes third fund on $493m
Cowen Healthcare Investments III targets the biopharma, diagnostics and digital health sectors
Benson Oak fully exits Klikpojisteni.cz
Klik will join the group comprising Netrisk.hu and Biztositas.hu, backed by TA and MCI
Video: OTPP's Topley discusses liquidity squeeze, GP discipline
Joe Topley, head of European funds at Ontario Teachers' Pension Plan, shares his LP perspective on the current state of the private equity market
LitCapital exits NNL
Investment generates a 4x return, for an IRR of 26%, for LitCapital
KKCG sells Conectart to Genesis
Conectart plans to further expand its operations in the central and eastern European region
Unigestion gears up to invest in small and mid-market PE
Unigestion partners expect investment opportunities to emerge in the small-cap market
Unquote Private Equity Podcast: Belt & braces
Rowan Bamford and Gareth Rees from Liberty GTS examine the impact of Covid-19 on W&I insurance, and share their take on where the M&A market is headed
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Travel sector assets: Seeking solutions to long-lasting woes
Unquote explores the challenges ahead, how PE-backed companies are adapting their business models, and how they can bounce back
Cathay Capital raises €500m for Innovation II fund
Fund targets startups operating in a wide variety of sectors, with a focus on artificial intelligence
Cathay Capital closes Midcap II on €800m
Fund targets companies based in Europe, Asia and North America with high-growth potential and expansion plans
Mezzanine Management sells Optimapharm to Rohatyn Group
Mezzanine Management provided a €10m mezzanine facility to the business in October 2018
Acquisition prices for SMEs decline in Q1 2020 – research
Prices paid to acquire SMEs declined significantly to 9.3x EBITDA in the first quarter of 2020
Q1 Barometer: Year of sustained growth finally halted in Q1
The European private equity market cooled in Q1, even before the Covid-19 crisis took hold, after an especially active Q4 2019
INVL to acquire Eco Baltia
GP is investing from its INVL Baltic Sea Growth Fund, a vehicle that closed on €165m in February 2020
Ara Partners closes debut fund on $400m
Fund makes buyout and growth capital investments in companies based across North America and Europe
Ambienta raises $150m for absolute return fund
Ambienta X Alpha is managed by a team based in London, led by chief investment officer Fabio Pecce
Grafton invests $20m in Omilia
Funding will be used to expand the company in North America and western Europe
Altamar holds first close for €750m secondaries fund
ACP 4 targets the growing market for GP-led secondary transactions
One third of GPs may suspend next fund marketing – survey
Investec's GP Trends survey reveals that 83% of GPs do not expect to make an exit in the next year
Tech, IT and software valuations remain stable – survey
Report from GCA Altium tracks the effect of the coronavirus crisis on listed technology companies
Omers Ventures Fund IV closes on $750m
Fund targets growth-orientated, disruptive technology companies based across North America and Europe
Index Ventures raises $2bn across two new funds
Index Ventures Growth V, which targets later-stage companies, raises $1.2bn, while Index Ventures X closes on $800m
Inovo launches €40m second fund
Fund will invest in CEE-based tech startups in late-seed and series-A rounds