CEE
Pamplona to liquidate LetterOne-backed funds, to sell LP stakes in cut-off process
GP to begin formal wind down process on three funds after sanctions hit the LP’s Russian backers
Innova exits Trimo for 4.5x money
Deal values the Slovenian buildings supplier at 9.5x 2021 EBITDA; GP's 2020 exit attempt collapsed after lengthy competition process
Turning to powder: European take-privates take pause
Public to private transactions are off to a slow start this year but lower prices on stock markets could encourage dealmaking again
One Peak gears up for fund III
European growth technology firm held a final close for One Peak Growth II in 2020 on EUR 443m
The Bolt-ons Digest – 18 March 2022
KKR’S Biosynth Carbosynth, Agilitas’ Cibicom, Apax’s Graitec, Cairngorm's Verso, Altor's Trioworld, and more
Genesis buys majority stake in HC Electronics
GP is investing in the electronics manufacturing firm via its EUR 40m Genesis Growth Equity Fund I
Dawn Capital eyes two new funds
Software-focused VC makes early-stage deals; its Opportunities funds back its later-stage portfolio
Bogazici Ventures to establish three pre-IPO VC funds
Turkish GP looks to raise a total of USD 17m to deploy in biotech, gaming and fintech late-stage startups
ESG from ‘nice to have’ to prerequisite for almost all LPs – survey
Adams Street Partners’ 2022 Global Investor Survey gauged LPs’ views of 118 LPs globally
Sponsors kick off 2022 with buyout volume down 13% year-on-year
Energy costs, inflation and war in Ukraine cloud deal activity but value holds up with average deal size on the rise
Mid Europa hires Vesna Sipp from ICG
Sipp will join as head of investor relations
Digital Horizon set for USD 200m Fund II first close in Q2 2022
VC started marketing the fund in December 2021 and has USD 100m in soft commitments to date
Bridgepoint hires Houlihan Lokey for Dr Gerard exit
Preliminary marketing materials for the Polish biscuits maker are expected imminently
Gilde Healthcare buys Europin
The GP will merge it with portfolio company Acti-Med
Nuveen closes impact fund on USD 218m
GP could return to market for Fund II in 2022 or early 2023 given current deployment opportunities
PE impact fundraising surpasses EUR 4bn in 2021
Figures from Unquote Data reflect the increasing prevalence of impact and impact-driven deals
Split the difference – corporate divestitures set records
Firms have taken advantage of favourable conditions for M&A, including cash-rich and ever-bolder PE funds
EMEA M&A surges in 2021
More than 10,500 M&A deals were recorded in 2021, worth a combined USD 1.54trn
Abris exits Patent Co to trade
Sale to Raiffeisen Ware Austria ends Abris's six-year investment period in the animal feed company
Abris buys dentistry supplier Dentstore
Dentstore is Abris's third acquisition in the dental supplies sector, after Dentotal and Dentechnica
Eleven Ventures announces EUR 60m fund
Eleven Fund III is 10x bigger than its predecessor fund, which launched in 2018 and closed on EUR 6m
Buy-and-build a "super opportunity" for PE in healthcare services – panel
Dermatology, ophthalmology and diagnostic imaging all present attractive consolidation opportunities, panellists said
Petershill IV closes on USD 5bn
Petershill Partners is operated by Goldman Sachs Asset Management and buys minority stakes in GPs
Sequoia, Fidelity in EUR 628m investment round for Bolt
Ride-hailing service reaches a valuation of EUR 7.4bn, up from EUR 4bn at its last funding round in August 2021